Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseprovision of educational services and activities22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13334657 2023-05-01 2024-04-30 13334657 2022-05-01 2023-04-30 13334657 2024-04-30 13334657 2023-04-30 13334657 c:Director1 2023-05-01 2024-04-30 13334657 c:Director2 2023-05-01 2024-04-30 13334657 d:FurnitureFittings 2023-05-01 2024-04-30 13334657 d:FurnitureFittings 2024-04-30 13334657 d:FurnitureFittings 2023-04-30 13334657 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13334657 d:OfficeEquipment 2023-05-01 2024-04-30 13334657 d:OfficeEquipment 2024-04-30 13334657 d:OfficeEquipment 2023-04-30 13334657 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13334657 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13334657 d:CurrentFinancialInstruments 2024-04-30 13334657 d:CurrentFinancialInstruments 2023-04-30 13334657 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13334657 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13334657 d:RetainedEarningsAccumulatedLosses 2024-04-30 13334657 d:RetainedEarningsAccumulatedLosses 2023-04-30 13334657 c:FRS102 2023-05-01 2024-04-30 13334657 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13334657 c:FullAccounts 2023-05-01 2024-04-30 13334657 c:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 13334657 2 2023-05-01 2024-04-30 13334657 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 13334657











  


THE OXFORD EXCHANGE
(A Company Limited by Guarantee)
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
THE OXFORD EXCHANGE
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
THE OXFORD EXCHANGE
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:13334657

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,033
913

  
7,033
913

Current assets
  

Debtors: amounts falling due within one year
 5 
53,692
2,413

Cash at bank and in hand
  
262,548
10,374

  
316,240
12,787

Creditors: amounts falling due within one year
 6 
(523,507)
(24,212)

Net current liabilities
  
 
 
(207,267)
 
 
(11,425)

Total assets less current liabilities
  
(200,234)
(10,512)

  

Net liabilities
  
(200,234)
(10,512)


Capital and reserves
  

Profit and loss account
  
(200,234)
(10,512)

  
(200,234)
(10,512)


Page 1

 
THE OXFORD EXCHANGE
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:13334657
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C A Tiedman
L A Formby-Tiedman
Director
Director


Date: 19 September 2024
Date:19 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE OXFORD EXCHANGE
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Oxford Exchange is a private company limited by guarantee incorporated in England and Wales. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2h 9JQ.

The principal activity of the company is that of the provision of educational services and activities. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the assumption that the company is able to carry on business as going concern. At the financial year end date the company was in the course of developing a number of courses which took place after 30 April 2024 and the Company expects to recover the deficit on its Statement of Financial Position on completion of these courses. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
THE OXFORD EXCHANGE
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
THE OXFORD EXCHANGE
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. 


3.


Employees



The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
THE OXFORD EXCHANGE
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
250
1,250
1,500


Additions
-
9,863
9,863



At 30 April 2024

250
11,113
11,363



Depreciation


At 1 May 2023
84
503
587


Charge for the year on owned assets
42
3,701
3,743



At 30 April 2024

126
4,204
4,330



Net book value



At 30 April 2024
124
6,909
7,033



At 30 April 2023
166
747
913


5.


Debtors

2024
2023
£
£


Directors loan account
53,692
2,413



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Taxation and social security
200
-

Other creditors
2,094
-

Accruals and deferred income
521,213
24,212

523,507
24,212


Page 6

 
THE OXFORD EXCHANGE
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


7.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

 
Page 7