Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3true2023-12-31falseNo description of principal activity2truefalse 08809538 2023-12-31 2024-12-31 08809538 2022-12-31 2023-12-30 08809538 2024-12-31 08809538 2023-12-30 08809538 c:Director1 2023-12-31 2024-12-31 08809538 d:FurnitureFittings 2023-12-31 2024-12-31 08809538 d:FurnitureFittings 2024-12-31 08809538 d:FurnitureFittings 2023-12-30 08809538 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-31 2024-12-31 08809538 d:FreeholdInvestmentProperty 2024-12-31 08809538 d:FreeholdInvestmentProperty 2023-12-30 08809538 d:CurrentFinancialInstruments 2024-12-31 08809538 d:CurrentFinancialInstruments 2023-12-30 08809538 d:Non-currentFinancialInstruments 2024-12-31 08809538 d:Non-currentFinancialInstruments 2023-12-30 08809538 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08809538 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-30 08809538 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 08809538 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-30 08809538 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 08809538 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-30 08809538 d:ShareCapital 2024-12-31 08809538 d:ShareCapital 2023-12-30 08809538 d:RetainedEarningsAccumulatedLosses 2024-12-31 08809538 d:RetainedEarningsAccumulatedLosses 2023-12-30 08809538 c:OrdinaryShareClass1 2023-12-31 2024-12-31 08809538 c:OrdinaryShareClass1 2024-12-31 08809538 c:OrdinaryShareClass1 2023-12-30 08809538 c:FRS102 2023-12-31 2024-12-31 08809538 c:AuditExempt-NoAccountantsReport 2023-12-31 2024-12-31 08809538 c:FullAccounts 2023-12-31 2024-12-31 08809538 c:PrivateLimitedCompanyLtd 2023-12-31 2024-12-31 08809538 e:PoundSterling 2023-12-31 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08809538









OXFORD ROAD INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
OXFORD ROAD INVESTMENTS LIMITED
REGISTERED NUMBER: 08809538

BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
30 December
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,414
45,993

Investment property
 5 
6,250,000
6,250,000

  
6,256,414
6,295,993

Current assets
  

Debtors: amounts falling due within one year
 6 
1,206,397
1,020,625

Cash at bank and in hand
 7 
585
687

  
1,206,982
1,021,312

Creditors: amounts falling due within one year
 8 
(6,223,789)
(14,405,982)

Net current liabilities
  
 
 
(5,016,807)
 
 
(13,384,670)

Total assets less current liabilities
  
1,239,607
(7,088,677)

Creditors: amounts falling due after more than one year
  
(8,432,731)
-

  

Net liabilities
  
(7,193,124)
(7,088,677)


Capital and reserves
  

Called up share capital 
 11 
1,000,000
1,000,000

Profit and loss account
  
(8,193,124)
(8,088,677)

  
(7,193,124)
(7,088,677)


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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
OXFORD ROAD INVESTMENTS LIMITED
REGISTERED NUMBER: 08809538
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 August 2025.




G Dagan
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
OXFORD ROAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Oxford Road Investments Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 14 Berkeley Street, Mayfair, London, W1J 8DX.

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

Going concern

In March 2024, the Company secured refinancing for its commercial loan facility. The new facility has a term of 10 years. The Company remains reliant on its shareholders' continued support and on a significant creditor not requiring repayment of amounts owed. The directors expect this support to continue, and after making enquiries, they have a reasonable expectation that the Company has adequate resources to continue its operations and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, the directors continue to adopt the going concern basis in preparing these financial statements. 

 
2.3

Revenue

Revenue comprises rental income, service charges and other recoveries from tenants of the Company's investment property. Rental income is recognised on an accrual basis in the period in which it is earned, in accordance with the terms of the lease.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
OXFORD ROAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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. 

 
2.10

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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Page 4

 
OXFORD ROAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
OXFORD ROAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 3).


4.


Tangible fixed assets







Fixtures and fittings

£



Cost or valuation


At 31 December 2023
181,089



At 31 December 2024

181,089



Depreciation


At 31 December 2023
135,096


Charge for the period on owned assets
39,579



At 31 December 2024

174,675



Net book value



At 31 December 2024
6,414



At 30 December 2023
45,993

Page 6

 
OXFORD ROAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Investment property





Freehold investment property

£



Valuation


At 31 December 2023
6,250,000



At 31 December 2024
6,250,000

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







6.


Debtors

31 December
30 December
2024
2023
£
£


Other debtors
1,157,072
1,008,867

Prepayments and accrued income
49,325
11,758

1,206,397
1,020,625



7.


Cash and cash equivalents

31 December
30 December
2024
2023
£
£

Cash at bank and in hand
585
687

585
687


Page 7

 
OXFORD ROAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

31 December
30 December
2024
2023
£
£

Commercial loans
424,000
4,703,506

Trade creditors
3,500,650
3,504,846

Other taxation and social security
14,269
5,362

Other creditors
-
4,045,430

Accruals and deferred income
2,284,870
2,146,838

6,223,789
14,405,982



9.


Creditors: Amounts falling due after more than one year

31 December
30 December
2024
2023
£
£

Commercial loans
4,200,000
-

Other creditors
4,232,731
-

8,432,731
-


The commercial loan is secured by a charge over the Company's investment property and a fixed and floating charge over the Company and all of its undertakings.

Page 8

 
OXFORD ROAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


31 December
30 December
2024
2023
£
£

Amounts falling due within one year

Commercial loans
424,000
4,703,506


424,000
4,703,506



Amounts falling due after more than 5 years

Commercial loans
4,200,000
-

4,200,000
-

4,624,000
4,703,506



11.


Share capital

31 December
30 December
2024
2023
£
£
Allotted, called up and fully paid



1,000,000 (2023 - 1,000,000) Ordinary shares of £1.00 each
1,000,000
1,000,000



12.


Related party transactions

The Company has taken advantage of the exemptions available under FRS 102 to not disclose transactions with 100% owned group companies.


13.


Controlling party

The parent company is EEH Ventures Limited, a company registered in England and Wales.

 
Page 9