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REGISTERED NUMBER: 04329256 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Oxleasowes Properties Limited

Oxleasowes Properties Limited (Registered number: 04329256)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Oxleasowes Properties Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: T J Boffey
Mrs C A Boffey





REGISTERED OFFICE: Oxleasowes Stables
Tardebigge
Bromsgrove
Worcestershire
B60 1LU





REGISTERED NUMBER: 04329256 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Oxleasowes Properties Limited (Registered number: 04329256)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,377 8,559
Tangible assets 5 5,802 6,110
Investment properties 6 1,562,624 1,369,783
1,570,803 1,384,452

CURRENT ASSETS
Debtors 7 1,166 9,903
Cash at bank 47,310 103,838
48,476 113,741
CREDITORS
Amounts falling due within one year 8 (98,225 ) (89,700 )
NET CURRENT (LIABILITIES)/ASSETS (49,749 ) 24,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,521,054

1,408,493

CREDITORS
Amounts falling due after more than one
year

9

(106,865

)

(116,776

)

PROVISIONS FOR LIABILITIES 12 (92,965 ) (94,591 )
NET ASSETS 1,321,224 1,197,126

CAPITAL AND RESERVES
Called up share capital 13 100 100
Revaluation reserve 14 274,002 274,002
Retained earnings 1,047,122 923,024
SHAREHOLDERS' FUNDS 1,321,224 1,197,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Oxleasowes Properties Limited (Registered number: 04329256)

Balance Sheet - continued
30 November 2024


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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





T J Boffey - Director


Oxleasowes Properties Limited (Registered number: 04329256)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Oxleasowes Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

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.

Website costs is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on reducing balance

Investment property
Certain of the company's properties are held for long term investment at their carrying value, assessed for impairment or revaluation annually by the directors according to their knowledge and experience of the properties, their location and general economic and commercial factors.

Investment properties are accounted for in accordance with FRS 102 section 1A.

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

The treatment as regards to the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.


Oxleasowes Properties Limited (Registered number: 04329256)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Website
costs
£   
COST
At 1 December 2023
and 30 November 2024 292,224
AMORTISATION
At 1 December 2023 283,665
Amortisation for year 6,182
At 30 November 2024 289,847
NET BOOK VALUE
At 30 November 2024 2,377
At 30 November 2023 8,559

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 December 2023 20,566
Additions 663
At 30 November 2024 21,229
DEPRECIATION
At 1 December 2023 14,456
Charge for year 971
At 30 November 2024 15,427
NET BOOK VALUE
At 30 November 2024 5,802
At 30 November 2023 6,110

Oxleasowes Properties Limited (Registered number: 04329256)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 December 2023 1,369,783
Additions 192,841
At 30 November 2024 1,562,624
NET BOOK VALUE
At 30 November 2024 1,562,624
At 30 November 2023 1,369,783

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2006 36,503
Valuation in 2014 33,557
Valuation in 2016 20,000
Valuation in 2017 65,000
Valuation in 2018 25,000
Valuation in 2021 163,502
Valuation in 2023 110,500
Cost 1,108,562
1,562,624

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 921,504 921,504

The investment properties were valued by the directors of the company on 30 November 2023 and this valuation is included in these accounts.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,166 9,903

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Trade creditors 27,491 19,071
Taxation and social security 52,148 44,778
Other creditors 8,586 15,851
98,225 89,700

Oxleasowes Properties Limited (Registered number: 04329256)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 106,865 116,776

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage loan 101,523 101,523

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,342 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 5,253

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Mortgage loan 101,523 101,523

11. SECURED DEBTS

The following secured debts are included within creditors.

The mortgage loan, the aggregate amount of which totals £101,523 (2023 - £101,523) is secured by a legal charge over 3 Lawton Avenue, Birmingham, an investment property owned by the company. The mortgage loan is interest only and the term of the mortgage remaining at the balance sheet date was 9 years and 9 months.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 92,965 94,591

Deferred
tax
£   
Balance at 1 December 2023 94,591
Provided during year (1,626 )
Balance at 30 November 2024 92,965

Oxleasowes Properties Limited (Registered number: 04329256)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary A £1 51 51
15 Ordinary B £1 15 15
15 Ordinary C £1 15 15
15 Ordinary D £1 15 15
4 Ordinary E £1 4 4
100 100

The A shares, the B shares, the C shares, the D shares and the E shares are separate classes of shares and are entitled to dividends declared from time to time on a discretionary basis on each class of shares, but in all other respects rank pari passu.

14. RESERVES
Revaluation
reserve
£   
At 1 December 2023
and 30 November 2024 274,002

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Oxleasowes Properties Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oxleasowes Properties Limited for the year ended 30 November 2024 which comprise the Profit and Loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oxleasowes Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oxleasowes Properties Limited and state those matters that we have agreed to state to the Board of Directors of Oxleasowes Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oxleasowes Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oxleasowes Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oxleasowes Properties Limited. You consider that Oxleasowes Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oxleasowes Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


21 February 2025