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REGISTERED NUMBER: 10391489 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

We Are Oxygen Limited

We Are Oxygen Limited (Registered number: 10391489)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


We Are Oxygen Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: B M Plant





REGISTERED OFFICE: 102 Chaveney Road
Quorn
Loughborough
LE12 8AD





REGISTERED NUMBER: 10391489 (England and Wales)





ACCOUNTANTS: Financial Answers Limited
102 Chaveney Road
Quorn
Loughborough
Leicestershire
LE12 8AD

We Are Oxygen Limited (Registered number: 10391489)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,662 5,878
Investment property 5 870,000 870,000
872,662 875,878

CURRENT ASSETS
Debtors 6 35,427 115,723
Investments 7 - 16,000
Cash at bank 1,441 112,995
36,868 244,718
CREDITORS
Amounts falling due within one year 8 51,187 214,159
NET CURRENT (LIABILITIES)/ASSETS (14,319 ) 30,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

858,343

906,437

CREDITORS
Amounts falling due after more than one
year

9

(610,951

)

(634,984

)

PROVISIONS FOR LIABILITIES (34,377 ) (39,951 )
NET ASSETS 213,015 231,502

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 117,873 117,873
Retained earnings 95,042 113,529
213,015 231,502

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

We Are Oxygen Limited (Registered number: 10391489)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2025 and were signed by:





B M Plant - Director


We Are Oxygen Limited (Registered number: 10391489)

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

1. STATUTORY INFORMATION

We Are Oxygen 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 ) .

We Are Oxygen Limited (Registered number: 10391489)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 9,659
DEPRECIATION
At 1 October 2023 3,781
Charge for year 3,216
At 30 September 2024 6,997
NET BOOK VALUE
At 30 September 2024 2,662
At 30 September 2023 5,878

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 870,000
NET BOOK VALUE
At 30 September 2024 870,000
At 30 September 2023 870,000

The properties were revalued by the Director based on current market values. The original cost was £712,836.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 35,427 115,723

7. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Other - 16,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 3,146 2,157
Taxation and social security - 27,272
Other creditors 48,041 184,730
51,187 214,159

We Are Oxygen Limited (Registered number: 10391489)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 610,951 634,984

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 610,951 634,984

10. OTHER FINANCIAL COMMITMENTS

Included in the balance sheet are financial commitments of £610,951 (2023: £634,984). Within this amount, loans which are secured amount to £430,950 (2023: £430,950).

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
B M Plant
Balance outstanding at start of year 115,723 64,487
Amounts advanced - 115,723
Amounts repaid (115,723 ) (64,487 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 115,723

The director's loan was advanced on 24 May 2023 and the balance outstanding at 30 September 2023 was £115,723. The loan plus interest was fully repaid on 20 May 2024.