Ox1 Residential 12 Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 13594592

		2024
	Notes	£	£
FIXED ASSETS
Investment Properties	4		421,555

			421,555
Creditors: Amounts Falling Due Within One Year	5	(438,431 )

NET CURRENT ASSETS (LIABILITIES)			(438,431 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(16,876 )

NET LIABILITIES			(16,876 )

CAPITAL AND RESERVES
Called up share capital	6		1
Profit and Loss Account			(16,877 )

SHAREHOLDERS' FUNDS			(16,876)

For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Tariq Khuja

Director

26/05/2025

The notes on page 2 form part of these financial statements.

1. General Information

Ox1 Residential 12 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13594592 . The registered office is 154 Cowley Road, Oxford, Oxfordshire, OX4 1UE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1

4. Investment Property

	2024
	£
Fair Value
As at 1 September 2023	-
Additions	421,555

As at 31 August 2024	421,555

5. Creditors: Amounts Falling Due Within One Year

	2024
	£
Director's loan account	59,899
Amounts owed to related parties	378,532

	438,431

During the year, the Company received a loan of £361,655 from a related party. The loan is unsecured and carries an interest rate of 8% per annum. There are no fixed repayment terms, and the loan is repayable on demand unless otherwise agreed in writing between the parties.

Interest charged on the loan during the year amounted to £16,877, which has been recognised in the statement of profit or loss under finance costs. As at the year-end, the outstanding loan balance including accrued interest was £378,532.

This transaction was conducted on an arm’s length basis. The lender is a related party under common control.

6. Share Capital

	2024
	£
Allotted, Called up and fully paid	1

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