Caseware UK (AP4) 2024.0.164 2024.0.164 2023-01-01truefalsefalseBuying and selling of own real estate22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13783926 2023-01-01 2024-03-31 13783926 2022-01-01 2022-12-31 13783926 2024-03-31 13783926 2022-12-31 13783926 c:Director1 2023-01-01 2024-03-31 13783926 d:LeaseholdInvestmentProperty 2023-01-01 2024-03-31 13783926 d:LeaseholdInvestmentProperty 2024-03-31 13783926 d:CurrentFinancialInstruments 2024-03-31 13783926 d:CurrentFinancialInstruments 2022-12-31 13783926 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13783926 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13783926 d:ShareCapital 2023-01-01 2024-03-31 13783926 d:ShareCapital 2024-03-31 13783926 d:ShareCapital 2022-01-01 2022-12-31 13783926 d:ShareCapital 2022-12-31 13783926 d:RetainedEarningsAccumulatedLosses 2023-01-01 2024-03-31 13783926 d:RetainedEarningsAccumulatedLosses 2024-03-31 13783926 d:RetainedEarningsAccumulatedLosses 2022-12-31 13783926 c:FRS102 2023-01-01 2024-03-31 13783926 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 13783926 c:FullAccounts 2023-01-01 2024-03-31 13783926 c:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 13783926 e:PoundSterling 2023-01-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13783926










Oxlo Residential Developments Limited








Unaudited

Financial statements

Information for filing with the registrar

For the period ended 31 March 2024

 
Oxlo Residential Developments Limited
Registered number: 13783926

Balance sheet
As at 31 March 2024

31 March
31 December
2024
2022
Note
£
£

Fixed assets
  

Investment property
 3 
2,280,000
-

  
2,280,000
-

Current assets
  

Debtors: amounts falling due within one year
 4 
3,998
-

Cash at bank and in hand
 5 
2,040
1

  
6,038
1

Creditors: amounts falling due within one year
 6 
(2,251,835)
-

Net current (liabilities)/assets
  
 
 
(2,245,797)
 
 
1

Total assets less current liabilities
  
34,203
1

  

Net assets
  
34,203
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
34,202
-

  
34,203
1


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 March 2025.




R N Harris
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 1

 
Oxlo Residential Developments Limited
 

Statement of changes in equity
For the period ended 31 March 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
1
-
1


Comprehensive income for the period

Profit for the period

-
34,202
34,202


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
34,202
34,202


Total transactions with owners
-
-
-


At 31 March 2024
1
34,202
34,203


The notes on pages 4 to 6 form part of these financial statements.
Page 2

 
Oxlo Residential Developments Limited
 

Statement of changes in equity
For the period ended 31 December 2022


Called up share capital
Total equity

£
£


Other comprehensive income for the year
-
-


Total comprehensive income for the year
-
-


Contributions by and distributions to owners

Shares issued during the year
1
1


Total transactions with owners
1
1


At 31 December 2022
1
1


The notes on pages 4 to 6 form part of these financial statements.
Page 3

 
Oxlo Residential Developments Limited
 

 
Notes to the financial statements
For the period ended 31 March 2024

1.


General information

Oxlo Residential Developments ("the  company") is a private company limited by shares and was
incorporated in England with the registration number 13783926. The address of the registered office is
2nd Floor, 168 Shoreditch High Street, London, E1 6RA. The principal activity of the company is that of
property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
Oxlo Residential Developments Limited
 

 
Notes to the financial statements
For the period ended 31 March 2024

3.


Investment property





Long term leasehold investment property

£



Valuation


Additions at cost
2,280,000



At 31 March 2024
2,280,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



At 31 March 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

31 March
31 December
2024
2022
£
£


Historic cost
2,280,000
-

2,280,000
-


4.


Debtors

31 March
31 December
2024
2022
£
£


Trade debtors
3,998
-

3,998
-



5.


Cash and cash equivalents

31 March
31 December
2024
2022
£
£

Cash at bank and in hand
2,040
1

2,040
1


Page 5

 
Oxlo Residential Developments Limited
 

 
Notes to the financial statements
For the period ended 31 March 2024

6.


Creditors: Amounts falling due within one year

31 March
31 December
2024
2022
£
£

Trade creditors
4,920
-

Amounts owed to group undertakings
2,243,137
-

Corporation tax
3,778
-

2,251,835
-



7.


Related party transactions

During the year the company recieved a loan from Sarnia (Office) Properties Limited, its parent compay.  At the year end the company owed an amount of £2,243,137 (2023: £Nil), to Sarnia (Office) Properties Limited which is included within "Creditors: Amounts falling due within one year".


8.


Controlling party

The company regards Sarnia (Office) Properties Limited, a company registered in England and Wales, as its ultimate parent company.
The company considers its ultimate control relationship to be with its directors.


Page 6