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Company No: 07901649 (England and Wales)

LODESTONE OXFORD LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

LODESTONE OXFORD LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

LODESTONE OXFORD LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
LODESTONE OXFORD LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 11,590 13,138
11,590 13,138
Current assets
Debtors 4 1,199,810 598,871
Cash at bank and in hand 691,418 1,005,204
1,891,228 1,604,075
Creditors: amounts falling due within one year 5 ( 652,080) ( 807,318)
Net current assets 1,239,148 796,757
Total assets less current liabilities 1,250,738 809,895
Creditors: amounts falling due after more than one year 6 ( 4,167) ( 14,167)
Net assets 1,246,571 795,728
Capital and reserves
Called-up share capital 7 100 100
Capital redemption reserve 5 5
Profit and loss account 1,246,466 795,623
Total shareholder's funds 1,246,571 795,728

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Lodestone Oxford Limited (registered number: 07901649) were approved and authorised for issue by the Board of Directors on 24 June 2025. They were signed on its behalf by:

Martha Dalton
Director
LODESTONE OXFORD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
LODESTONE OXFORD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lodestone Oxford Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 Temple Back, Bristol, BS1 6FL, United Kingdom. The principal place of business is Unit 12.3.2, The Leathermarket, 12-13 Weston Street, London, SE1 3ER.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/ basis over its expected useful life, as follows:

Leasehold improvements 2 years straight line
Tools and equipment 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 21 18

3. Tangible assets

Leasehold improve-
ments
Tools and equipment Office equipment Total
£ £ £ £
Cost
At 01 January 2024 9,775 39,459 19,626 68,860
Additions 0 4,716 781 5,497
Disposals 0 ( 1,822) 0 ( 1,822)
At 31 December 2024 9,775 42,353 20,407 72,535
Accumulated depreciation
At 01 January 2024 9,775 32,304 13,643 55,722
Charge for the financial year 0 4,675 2,370 7,045
Disposals 0 ( 1,822) 0 ( 1,822)
At 31 December 2024 9,775 35,157 16,013 60,945
Net book value
At 31 December 2024 0 7,196 4,394 11,590
At 31 December 2023 0 7,155 5,983 13,138

4. Debtors

2024 2023
£ £
Trade debtors 742,790 416,913
Amounts owed by Group undertakings 331,521 18,566
Prepayments and accrued income 43,243 72,699
Other debtors 82,256 90,693
1,199,810 598,871

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 12,674 93,114
Amounts owed to directors 2,482 2,482
Accruals and deferred income 129,876 220,055
Deferred tax liability 0 787
Taxation and social security 484,627 462,981
Other creditors 12,421 17,899
652,080 807,318

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 4,167 14,167

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
65 A Ordinary shares of £ 1.00 each 65 65
20 B Ordinary shares of £ 1.00 each 20 20
10 C Ordinary shares of £ 1.00 each 10 10
5 D Ordinary shares of £ 1.00 each 5 5
100 100

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 0 41,867
between one and five years 0 25,120
0 66,988

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to Directors 2,482 2,482

As a wholly owned subsidiary undertaking of their parent company, Lodestone Oxford (Holdings) Limited, (Registered office: C/O Bishop Fleming Llp, 10 Temple Back, Bristol, United Kingdom, BS1 6FL), the company has taken advantage of the exemption in paragraph 1AC.35 of FRS102 in not disclosing intra group transactions where 100% of the voting rights are controlled within the group.