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COMPANY REGISTRATION NUMBER: 09864380
Oxford Advanced Living Limited
Filleted Unaudited Financial Statements
30 November 2023
Oxford Advanced Living Limited
Financial Statements
Year ended 30 November 2023
Contents
Page
Directors' report
1
Report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Oxford Advanced Living Limited
Directors' Report
Year ended 30 November 2023
The directors present their report and the unaudited financial statements of the company for the year ended 30 November 2023 .
Directors
The directors who served the company during the year were as follows:
Mr R J Hall
Mr M St Clair Pike
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 30 July 2024 and signed on behalf of the board by:
Mr R J Hall
Director
Registered office:
C/O TWM Solicitors LLP
65 Woodbridge Road
Guildford
Surrey
United Kingdom
GU1 4RD
Oxford Advanced Living Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Oxford Advanced Living Limited
Year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oxford Advanced Living Limited for the year ended 30 November 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
BAILHACHE LINTON LLP Accountants
Bourne House 475 Godstone Road Whyteleafe Surrey CR3 0BL
30 July 2024
Oxford Advanced Living Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Current assets
Stocks
6,249
Debtors
4
1,283,633
28,008
Cash at bank and in hand
125,094
1,364,208
------------
------------
1,414,976
1,392,216
Creditors: amounts falling due within one year
5
3,601
14,755
------------
------------
Net current assets
1,411,375
1,377,461
------------
------------
Total assets less current liabilities
1,411,375
1,377,461
------------
------------
Net assets
1,411,375
1,377,461
------------
------------
Capital and reserves
Called up share capital
1,450,000
1,450,000
Profit and loss account
( 38,625)
( 72,539)
------------
------------
Shareholders funds
1,411,375
1,377,461
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 July 2024 , and are signed on behalf of the board by:
Mr R J Hall
Director
Company registration number: 09864380
Oxford Advanced Living Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O TWM Solicitors LLP, 65 Woodbridge Road, Guildford, Surrey, GU1 4RD, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Debtors
2023
2022
£
£
Other debtors
1,283,633
28,008
------------
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,106
1,113
Other creditors
2,495
13,642
-------
--------
3,601
14,755
-------
--------