Oxhold Limited - Filleted accounts


OXHOLD LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2025



































Company Registration Number: 07298872

OXHOLD LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 11

OXHOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2025


DIRECTORS

C R Bright
T C Sealey-Bright


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

Unit 1 Chapple House
25 Oxford Road
Kidlington
Oxford
OX5 2GG


COMPANY REGISTRATION NUMBER

07298872 England and Wales

OXHOLD LIMITED

BALANCE SHEET
AS AT 30 JUNE 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Investments	6		20,612,422		19,413,802

CURRENT ASSETS
Debtors	7	1,741,410		1,815,109
Cash at bank and in hand		138,319		36,218


		1,879,729		1,851,327

CREDITORS: Amounts falling due within one year	8	7,388,189		4,573,466
CREDITORS: Amounts falling due within one year


NET CURRENT LIABILITIES			(5,508,460)		(2,722,139)


TOTAL ASSETS LESS CURRENT LIABILITIES			15,103,962		16,691,663

CREDITORS: Amounts falling due after more than one year	9		10,196,026		12,036,510
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			467,081		480,115


NET ASSETS			4,440,855		4,175,038


CAPITAL AND RESERVES
Called up share capital			10		10
Share premium account			421,045		421,045
Distributable profit and loss account			2,618,555		2,313,636
Non distributable profit and loss account			1,401,245		1,440,347


SHAREHOLDERS' FUNDS			4,440,855		4,175,038

OXHOLD LIMITED

BALANCE SHEET
AS AT 30 JUNE 2025


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.

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




C R Bright
Director

Date approved by the board: 28 November 2025

OXHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


1	GENERAL INFORMATION

	Oxhold Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Unit 1 Chapple House
	25 Oxford Road
	Kidlington
	Oxford
	OX5 2GG

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	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.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes its bank £10,196,026 and the directors / shareholders £7,282,753, both of which could be required for repayment without notice. The company is therefore dependent upon the continued support of the bank and the directors / shareholders. The directors / shareholders do not consider their own support nor the support of the bank likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.


	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of rental income and property management services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

OXHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Office equipment					33% Straight Line basis

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Investment properties

	Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

	Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.

	Investments

	Investments in subsidiaries are shown at cost less accumulated impairment losses.

OXHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	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.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Debtors

Short term debtors are measured at transaction price, less any impairment.

OXHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.


	Current and deferred tax assets and liabilities are not discounted.

	Borrowing costs

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

	Consolidation

	The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	The directors have made key assumptions in determination of the fair value of its investment properties in respect of the state of the property market in the location where the properties are situated and in respect of the range of reasonable fair value estimates of these assets.

OXHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

		2025	2024
	Average number of employees	2	2


5	TANGIBLE ASSETS
			Office equipment
			£
	Cost
	At 1 July 2024		2,402


	At 30 June 2025		2,402


	Accumulated depreciation and impairments
	At 1 July 2024		2,402


	At 30 June 2025		2,402


	Net book value
	At 1 July 2024		-


	At 30 June 2025		-

OXHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


6	FIXED ASSET INVESTMENTS
		Investment properties	Investment in subsidiary	Total
		£	£	£
	Cost
	At 1 July 2024	19,413,801	1	19,413,802

	Additions	1,653,012	-	1,653,012

	Revaluation	(52,136)	-	(52,136)

	Disposals	(402,256)	-	(402,256)


	At 30 June 2025	20,612,421	1	20,612,422


	Net book value
	At 1 July 2024	19,413,801	1	19,413,802


	At 30 June 2025	20,612,421	1	20,612,422


	In the opinion of the directors, all investment properties have been stated at fair value.

7	DEBTORS
			2025	2024
			£	£
	Trade debtors		185	6,450
	Prepayments and accrued income		7,252	9,477
	Other debtors		1,733,973	1,799,182


			1,741,410	1,815,109


8	CREDITORS: Amounts falling due within one year
			2025	2024
			£	£
	Trade creditors		13,055	-
	Taxation and social security		61,516	8
	Accruals and deferred income		21,805	13,303
	Other creditors		7,291,813	4,560,155


			7,388,189	4,573,466

OXHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


9	CREDITORS: Amounts falling due after more than one year
			2025	2024
			£	£
	Bank loans and overdrafts		10,196,026	9,036,510
	Other creditors		-	3,000,000


			10,196,026	12,036,510


10	SECURED DEBTS

	The company's bankers hold fixed and floating charges over the company's investment properties.

11	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	Oxhomes Limited	Subsidiary undertaking

	During the year, the following transactions with related parties took place:

	C R Bright
	Director and shareholder		2025	2024
			£	£
	Advances to company	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:	1,523,279	1,540,009


	T C Sealey-Bright
	Director and shareholder

	Advances to company	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:	750,000	750,000


	Professor S Bright
	Shareholder

	Advances to company	The shareholder has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the shareholder the following amount:	1,523,279	1,540,009

OXHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


11	RELATED PARTY TRANSACTIONS (continued…)

	S Bright
	Shareholder		2025	2024
			£	£
	Advances to company	The shareholder has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the shareholder the following amount:	1,992,000	1,950,000


	J Bright
	Shareholder

	Advances to company	The shareholder has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the shareholder the following amount:	1,494,195	1,780,137