Company No:
Contents
Note | 31.12.2024 | 31.12.2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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1,417,840 | 1,417,840 | |||
Current assets | ||||
Debtors | 4 |
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5,890 | (18,566) | |||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (474,567) | (350,547) | ||
Total assets less current liabilities | 943,273 | 1,067,293 | ||
Creditors: amounts falling due after more than one year | 6 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 7 |
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Share premium account |
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Profit and loss account | (
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Total shareholders' funds |
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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 (Holdings) Limited (registered number:
Martha Dalton
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
Lodestone Oxford (Holdings) 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 £.
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.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
The prior period reporting length was shortened to 31 December 2023 to align with the year-ends of the subsidiaries. The accounts are now prepared on an annual basis. Therefore, the comparative amounts in the financial statements are not entirely comparable.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Investments in subsidiaries are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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.
Year ended 31.12.2024 |
Period from 24.03.2023 to 31.12.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Investments in subsidiaries
31.12.2024 | |
£ | |
Cost | |
At 01 January 2024 |
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At 31 December 2024 |
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Carrying value at 31 December 2024 |
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Carrying value at 31 December 2023 |
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31.12.2024 | 31.12.2023 | ||
£ | £ | ||
Amounts owed by Group undertakings |
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Amounts owed by directors |
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31.12.2024 | 31.12.2023 | ||
£ | £ | ||
Amounts owed to Group undertakings |
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Amounts owed to directors |
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Other loans |
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Accruals |
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Other creditors |
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31.12.2024 | 31.12.2023 | ||
£ | £ | ||
Other loans |
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31.12.2024 | 31.12.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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200 | 200 |
Transactions with the entity's directors
31.12.2024 | 31.12.2023 | ||
£ | £ | ||
Amounts owed by/(to) directors | 5,890 | (200,000) |
During the year, advances were made totalling £205,890 and credits totalling £Nil. The amount outstanding at the year end was £5,890 and this is repayable on demand. The accounts are interest free.
During the year, the company declared dividends totalling £409,194 (2023: £385,496).
As a parent company of wholly owned subsidiary undertakings, 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.