REGISTERED NUMBER: 05081206 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

OXBRIDGE ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

B J Funnell

A Dymond

REGISTERED OFFICE:

6A St George’s Street

Winchester

Hampshire

SO23 8BG

REGISTERED NUMBER:

05081206 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

FIXED ASSETS

Tangible assets

4

56,349

80,626

Investments

5

313,627

313,632

369,976

394,258

CURRENT ASSETS

Stocks

896,379

575,600

Debtors

6

2,247,855

2,671,750

Cash at bank

437,458

132,341

3,581,692

3,379,691

CREDITORS

Amounts falling due within one year

7

2,957,656

2,877,390

NET CURRENT ASSETS

624,036

502,301

TOTAL ASSETS LESS CURRENT LIABILITIES

994,012

896,559

PROVISIONS FOR LIABILITIES

2,003

7,907

NET ASSETS

992,009

888,652

CAPITAL AND RESERVES

Called up share capital

202

202

Retained earnings

991,807

888,450

992,009

888,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

B J Funnell - Director

1.	STATUTORY INFORMATION

Oxbridge Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts.

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery - 10% reducing balance

Fixtures and fittings - 25% reducing balance

Motor vehicles - 25% on cost

Computer equipment - 25% reducing balance

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 the Income Statement.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into financial instruments transactions that result in recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors and creditors are recognised at transaction price. Any losses arising from impairment are recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Transactions in currencies other than the functional currency (foreign currency) are initially recorded at the exchange rate prevailing on the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the reporting date. Non-monetary assets and liabilities denominated in foreign currencies are translated at the rate ruling at the date of the transaction, or, if the asset or liability is measured at fair value, the rate when that fair value was determined.

All translation differences are taken to profit or loss, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is recognised in other comprehensive income.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments

Fixed asset investments are initially measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised in the profit and loss.

Hire purchase and leasing commitments

Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

151,282

Additions

3,698

Disposals

(74,118

)

At 31 March 2025

80,862

DEPRECIATION

At 1 April 2024

70,656

Charge for year

9,911

Eliminated on disposal

(56,054

)

At 31 March 2025

24,513

NET BOOK VALUE

At 31 March 2025

56,349

At 31 March 2024

80,626

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

73,472

Disposals

(73,472

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

51,387

Charge for year

4,467

Eliminated on disposal

(55,854

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

22,085

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 April 2024

86

313,546

313,632

Disposals

-

(5

)

(5

)

At 31 March 2025

86

313,541

313,627

NET BOOK VALUE

At 31 March 2025

86

313,541

313,627

At 31 March 2024

86

313,546

313,632

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

628,318

904,933

Amounts owed by group undertakings

912,252

1,095,674

Amounts owed by participating interests

163,877

162,179

Other debtors

543,408

508,964

2,247,855

2,671,750

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

-

34,855

Trade creditors

201,179

359,989

Taxation and social security

109,252

124,320

Other creditors

2,647,225

2,358,226

2,957,656

2,877,390

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

34,855

Non-cancellable

operating leases

2025

2024

£

£

Within one year

22,075

22,075

Between one and five years

20,235

42,310

42,310

64,385

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

34,855

The above hire purchase contracts are secured on the asset in which they relate.

10.	OTHER FINANCIAL COMMITMENTS

As of 31 March 2025, Oxbridge Associates Limited had a liability in respect of pension contributions of £836 (2024: £777).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

B J Funnell

Balance outstanding at start of year

(680,262

)

(1,076,648

)

Amounts advanced

566,680

663,993

Amounts repaid

(550,910

)

(267,607

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(664,492

)

(680,262

)

A Dymond

Balance outstanding at start of year

2,983

371

Amounts advanced

44,743

25,104

Amounts repaid

(41,461

)

(22,492

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,265

2,983

The loans are repayable on demand. When the loan is in credit interest is paid to the director. When the loan is overdrawn interest is payable to the company at the HMRC official rate of interest where applicable.

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Amounts owed by related parties

Oxbridge Property Associates Limited

A company in which Mr B Funnell is a director

As at the balance sheet date the amount owed by Oxbridge Property Associates Limited was £163,877 (2024: £162,179) This loan has been provided interest free.

Phaon Freight Solutions Limited

A company in which Oxbridge Associates Ltd had a shareholding at the balance sheet date.

At the balance sheet date the Company was owed £10,982 (2024: £9,167) by Phaon Freight Solutions Limited.

During the year, Oxbridge Associates Ltd disposed of 5 of its shares held in Phaon Freight Solutions Limited. After the balance sheet date, Oxbridge Associates Ltd disposed of its remaining shares held in Phaon Freight Solutions Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oxbridge Associates Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oxbridge Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oxbridge Associates Limited and state those matters that we have agreed to state to the Board of Directors of Oxbridge Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oxbridge Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oxbridge Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oxbridge Associates Limited. You consider that Oxbridge Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oxbridge Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

4 October 2025