| NORHAM END (OXFORD) MANAGEMENT COMPANY LIMITED |
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| BALANCE SHEET |
| AS AT 31 DECEMBER 2024 |
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| These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. |
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| For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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| As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Income and expenditure account or Directors Report. |
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| Signed on behalf of the board of directors |
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| Dr R Featherstone |
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Dr V Condie |
| Director |
Director |
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| Date approved by the board: 15 June 2025 |
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| NORHAM END (OXFORD) MANAGEMENT COMPANY LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
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| 1 |
GENERAL INFORMATION |
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Norham End (Oxford) Management Company Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
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1 Court Farm Barns |
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Medcroft Road |
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Tackley |
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Kidlington |
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Oxon |
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OX5 3AL |
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The financial statements are presented in Sterling, which is the functional currency of the company. |
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| 2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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Basis of preparation of financial statements |
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These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. |
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Income recognition |
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| NORHAM END (OXFORD) MANAGEMENT COMPANY LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
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| 2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) |
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Financial Instruments |
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The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
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Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the income and expenditure account. |
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| NORHAM END (OXFORD) MANAGEMENT COMPANY LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
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| 7 |
CREDITORS: Amounts falling due within one year |
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2024 |
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2023 |
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£ |
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£ |
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Trade creditors |
- |
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450 |
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Taxation and social security |
319 |
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- |
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Accruals and deferred income |
23,569 |
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24,078 |
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23,888 |
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24,528 |
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Included within accruals and deferred income is deferred income of £21,477 (2023 - £20,940) relating to service charges received for the period 1 January 2025 to 23 June 2025. |
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| 8 |
FREEHOLD RESERVE |
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The amount received to acquire the freehold interest in the land, £39,950, has been credited to this reserve. |