Oxagon Enterprises Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06589893 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Oxagon Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Ghosh

REGISTERED OFFICE:

Holly House

Hollyhead Road

Birmingham

B21 0LG

REGISTERED NUMBER:

06589893 (England and Wales)

ACCOUNTANTS:

PBG Associated Ltd

Chartered Accountants & Registered Auditors

65 Delamere Road

Hayes

Middlesex

London

UB4 0NN

CURRENT ASSETS

Debtors

4

155,899,734

Cash at bank

5,171

-

155,904,905

155,899,734

CREDITORS

Amounts falling due within one year

5

155,726,167

155,735,127

NET CURRENT ASSETS

178,738

164,607

TOTAL ASSETS LESS CURRENT LIABILITIES

178,738

164,607

CAPITAL AND RESERVES

Called up share capital

6

148,614

Retained earnings

7

30,124

15,993

SHAREHOLDERS' FUNDS

178,738

164,607

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 director acknowledges his 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 director and authorised for issue on 31 October 2025 and were signed by:

R Ghosh - Director

1.	GENERAL INFORMATION

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Holly House, Holyhead Road, Birmingham, B21 0LG.

2.	ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention in accordance with 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 statement have been prepared on going concern basis. The financial statements are prepared in US dollars, which is the functional currency of the entity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Disclosure exemptions

The company has adopted the following disclosure exemptions:

- the requirement to present a statement of cash flows and related notes

- financial instrument disclosures, including:

- categories of financial instruments,

- items of income, expenses, gains or losses relating to financial instruments, and

- exposure to and management of financial risks.

Related Party Disclosure Exemption

The company has taken advantage of exemption under FRS 102 (section 33.1A) not to disclose transactions with wholly owned group companies

Provision for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit , and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Profit and Loss Account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

$

Trade debtors

155,899,734

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

$

Trade creditors

138,087,313

Amounts owed to group undertakings

17,439,826

17,450,000

Other creditors

160,738

192,893

Accrued expenses

38,290

4,921

155,726,167

155,735,127

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

$

148,614

Equity share capital

$ 1

148,614

7.

RESERVES

Retained

earnings

$

At 1 April 2024

15,993

Profit for the year

14,131

At 31 March 2025

30,124

8.	PARENT UNDERTAKING

The company's parent undertaking as of the balance sheet date was Oxagon International Limited (formerly known as Reliance Infra Projects International Limited) registered in British Virgin Islands. Consolidated group financial statements of Oxagon International Limited are available from the company's registered office address Trident Chambers, P.O. Box 146 Road Town, Tortola, British Virgin Islands.