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REGISTERED NUMBER: 13833600 (England and Wales)













Financial Statements

for the Year Ended 31 January 2024

for

Oxford Family Estates Ltd

Oxford Family Estates Ltd (Registered number: 13833600)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Oxford Family Estates Ltd

Company Information
for the year ended 31 January 2024







DIRECTOR: D P Oxford





REGISTERED OFFICE: 6 South Road
Chapel St Leonards
SKEGNESS
Lincolnshire
PE24 5TH





REGISTERED NUMBER: 13833600 (England and Wales)





ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

Oxford Family Estates Ltd (Registered number: 13833600)

Abridged Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,655 68,512

CURRENT ASSETS
Debtors 3,357 285
Cash at bank 617 1,674
3,974 1,959
CREDITORS
Amounts falling due within one year 79,323 75,861
NET CURRENT LIABILITIES (75,349 ) (73,902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,694

)

(5,390

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,794 ) (5,490 )
(8,694 ) (5,390 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Oxford Family Estates Ltd (Registered number: 13833600)

Abridged Balance Sheet - continued
31 January 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





D P Oxford - Director


Oxford Family Estates Ltd (Registered number: 13833600)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


Oxford Family Estates Ltd (Registered number: 13833600)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 69,304
Additions 90
Disposals (95 )
At 31 January 2024 69,299
DEPRECIATION
At 1 February 2023 792
Charge for year 1,878
Eliminated on disposal (26 )
At 31 January 2024 2,644
NET BOOK VALUE
At 31 January 2024 66,655
At 31 January 2023 68,512

5. RELATED PARTY DISCLOSURES

Included in creditors is a Directors loan account balance of £74,700 (2023 -£74,900), owed to D P Oxford a Director and Shareholder of the company. This is an unsecured interest free loan and repayable on demand.