Oxfords Property Holdings Limited 12719757 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is an investment business. Digita Accounts Production Advanced 6.30.9574.0 true 12719757 2023-05-01 2024-04-30 12719757 2024-04-30 12719757 core:RetainedEarningsAccumulatedLosses 2024-04-30 12719757 core:RevaluationReserve 2024-04-30 12719757 core:ShareCapital 2024-04-30 12719757 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-04-30 12719757 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 12719757 bus:SmallEntities 2023-05-01 2024-04-30 12719757 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12719757 bus:FullAccounts 2023-05-01 2024-04-30 12719757 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12719757 bus:RegisteredOffice 2023-05-01 2024-04-30 12719757 bus:Director1 2023-05-01 2024-04-30 12719757 bus:Director2 2023-05-01 2024-04-30 12719757 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12719757 countries:EnglandWales 2023-05-01 2024-04-30 12719757 2023-04-30 12719757 2022-05-01 2023-04-30 12719757 2023-04-30 12719757 core:RetainedEarningsAccumulatedLosses 2023-04-30 12719757 core:RevaluationReserve 2023-04-30 12719757 core:ShareCapital 2023-04-30 12719757 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 12719757

Oxfords Property Holdings Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Oxfords Property Holdings Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Oxfords Property Holdings Limited

(Registration number: 12719757)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

380,000

350,000

Other financial assets

5

9,832

9,832

 

389,832

359,832

Current assets

 

Debtors

7,950

2,950

Cash at bank and in hand

 

3,837

821

 

11,787

3,771

Creditors: Amounts falling due within one year

(4,127)

(3,048)

Net current assets

 

7,660

723

Total assets less current liabilities

 

397,492

360,555

Provisions for liabilities

(16,176)

(8,676)

Net assets

 

381,316

351,879

Capital and reserves

 

Called up share capital

9,932

9,932

Revaluation reserve

48,529

26,029

Profit and loss account

322,855

315,918

Total equity

 

381,316

351,879

For the financial year ending 30 April 2024 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 17 September 2024 and signed on its behalf by:
 

Mrs H C L Oxford

Director

Mr M Oxford

Director

 

Oxfords Property Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Flat 6 Burton Hall
Salisbury Road
Burton
Christchurch
BH23 7JS

These financial statements were authorised for issue by the Board on 17 September 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Oxfords Property Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Investment properties

2024
£

At 1 May

350,000

Fair value adjustments

30,000

At 30 April

380,000

The company's investment property has been valued by independent valuer.

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 May 2023

9,832

9,832

At 30 April 2024

9,832

9,832

Carrying amount

At 30 April 2024

9,832

9,832

6

Related party transactions

Advances to directors

Mr M Oxford

Throughout the financial period rent of £15,000 (2023 - £15,000) has been charged to Mr M Oxford at market value.

During the period Mr M Oxford went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £15,000 (2023 - £15,000). At the year end the amount outstanding from Mr M Oxford was £Nil (2023 - £Nil). Interest has been charged at the commercial rate.