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REGISTERED NUMBER: 04547000 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NORTH OXFORD PROPERTY SERVICES LIMITED

NORTH OXFORD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04547000)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NORTH OXFORD PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: D L Swailes





REGISTERED OFFICE: 4th Floor, St James House
St. James Square
Cheltenham
GL50 3PR





REGISTERED NUMBER: 04547000 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

NORTH OXFORD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04547000)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 413,078 797,663
Property, plant and equipment 5 44,969 30,592
458,047 828,255

CURRENT ASSETS
Debtors 6 1,071,766 1,144,498
Cash at bank and in hand 33,570 74,786
1,105,336 1,219,284
CREDITORS
Amounts falling due within one year 7 (415,982 ) (965,395 )
NET CURRENT ASSETS 689,354 253,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,147,401

1,082,144

CREDITORS
Amounts falling due after more than one
year

8

(110,927

)

(181,001

)
NET ASSETS 1,036,474 901,143

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,036,374 901,043
SHAREHOLDERS' FUNDS 1,036,474 901,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:




D L Swailes - Director


NORTH OXFORD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04547000)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

North Oxford Property Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business of £1,342,406, is being amortised evenly over its estimated useful life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Office equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantially enacted at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 23 ) .

NORTH OXFORD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04547000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 December 2022 1,342,406
Additions 76,871
Disposals (175,123 )
At 30 November 2023 1,244,154
AMORTISATION
At 1 December 2022 544,743
Amortisation for year 286,333
At 30 November 2023 831,076
NET BOOK VALUE
At 30 November 2023 413,078
At 30 November 2022 797,663

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
COST
At 1 December 2022 12,943 5,878 12,759
Additions - - 1,837
Disposals - - -
At 30 November 2023 12,943 5,878 14,596
DEPRECIATION
At 1 December 2022 12,943 3,627 5,677
Charge for year - 450 1,418
At 30 November 2023 12,943 4,077 7,095
NET BOOK VALUE
At 30 November 2023 - 1,801 7,501
At 30 November 2022 - 2,251 7,082

NORTH OXFORD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04547000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Office
vehicles equipment Totals
£ £ £
COST
At 1 December 2022 21,433 45,885 98,898
Additions 14,611 6,381 22,829
Disposals - (358 ) (358 )
At 30 November 2023 36,044 51,908 121,369
DEPRECIATION
At 1 December 2022 20,646 25,413 68,306
Charge for year 1,437 4,789 8,094
At 30 November 2023 22,083 30,202 76,400
NET BOOK VALUE
At 30 November 2023 13,961 21,706 44,969
At 30 November 2022 787 20,472 30,592

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 105,384 222,631
Other debtors 966,382 921,867
1,071,766 1,144,498

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 70,058 70,000
Trade creditors 36,331 17,873
Taxation and social security 132,244 153,617
Other creditors 177,349 723,905
415,982 965,395

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 110,927 181,001