Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12362752 L A Davies A D Becheru L A Davies and A D Becheru true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12362752 2022-12-31 12362752 2023-12-31 12362752 2023-01-01 2023-12-31 12362752 frs-core:CurrentFinancialInstruments 2023-12-31 12362752 frs-core:Non-currentFinancialInstruments 2023-12-31 12362752 frs-core:ComputerEquipment 2023-12-31 12362752 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12362752 frs-core:ComputerEquipment 2022-12-31 12362752 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 12362752 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12362752 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 12362752 frs-core:ShareCapital 2023-12-31 12362752 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12362752 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12362752 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12362752 frs-bus:SmallEntities 2023-01-01 2023-12-31 12362752 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12362752 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12362752 1 2023-01-01 2023-12-31 12362752 frs-bus:Director1 2023-01-01 2023-12-31 12362752 frs-bus:Director2 2023-01-01 2023-12-31 12362752 frs-countries:EnglandWales 2023-01-01 2023-12-31 12362752 2021-12-31 12362752 2022-12-31 12362752 2022-01-01 2022-12-31 12362752 frs-core:CurrentFinancialInstruments 2022-12-31 12362752 frs-core:Non-currentFinancialInstruments 2022-12-31 12362752 frs-core:ShareCapital 2022-12-31 12362752 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12362752
Oxfordshire Properties - Lettings and Developments Ltd
Financial Statements
For The Year Ended 31 December 2023
All In Accountancy
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12362752
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 317,732 317,376
317,732 317,376
Creditors: Amounts Falling Due Within One Year 5 (120,764 ) (112,505 )
NET CURRENT ASSETS (LIABILITIES) (120,764 ) (112,505 )
TOTAL ASSETS LESS CURRENT LIABILITIES 196,968 204,871
Creditors: Amounts Falling Due After More Than One Year 6 (217,838 ) (217,756 )
NET LIABILITIES (20,870 ) (12,885 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (20,872 ) (12,887 )
SHAREHOLDERS' FUNDS (20,870) (12,885)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
L A Davies
Director
18/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Oxfordshire Properties - Lettings and Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12362752 . The registered office is 04 Little Langlands, Didcot, Oxfordshire, OX11 9TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Computer Equipment 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 317,376 - 317,376
Additions - 475 475
As at 31 December 2023 317,376 475 317,851
Depreciation
As at 1 January 2023 - - -
Provided during the period - 119 119
As at 31 December 2023 - 119 119
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 December 2023 317,376 356 317,732
As at 1 January 2023 317,376 - 317,376
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 7,178 7,178
Corporation tax (500 ) -
Accruals and deferred income 919 994
Directors' loan accounts 113,167 104,333
120,764 112,505
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 217,838 217,756
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
8. Ultimate Controlling Party
The company's ultimate controlling parties are L A Davies and A D Becheru by virtue of jointly owning 100% of the issued share capital in the company.
Page 3