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Registered number: 12177337
Ox1 Commercial Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Surrey Accountancy Services
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12177337
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 693,242 693,242
Investments 5 2,619,015 1,493,015
3,312,257 2,186,257
CURRENT ASSETS
Debtors 6 68,345 -
Cash at bank and in hand 42,448 49,648
110,793 49,648
Creditors: Amounts Falling Due Within One Year 7 (17,331 ) (8,794 )
NET CURRENT ASSETS (LIABILITIES) 93,462 40,854
TOTAL ASSETS LESS CURRENT LIABILITIES 3,405,719 2,227,111
Creditors: Amounts Falling Due After More Than One Year 8 (3,300,000 ) (2,150,359 )
NET ASSETS 105,719 76,752
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement 105,718 76,751
SHAREHOLDERS' FUNDS 105,719 76,752
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Tariq Khuja
Director
25/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ox1 Commercial Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12177337 . The registered office is 154 Cowley Road, Oxford, Oxfordshire, OX4 1UE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NO DEPRECIATION IS CHARGES FOR FREEHOLD PROPERTY
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 September 2024 693,242
As at 31 August 2025 693,242
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 August 2025 693,242
As at 1 September 2024 693,242
5. Investments
Other
£
Cost or Valuation
As at 1 September 2024 1,493,015
Additions 1,126,000
As at 31 August 2025 2,619,015
Provision
As at 1 September 2024 -
As at 31 August 2025 -
Net Book Value
As at 31 August 2025 2,619,015
As at 1 September 2024 1,493,015
At the beginning of the financial year, on 1 September 2024, the company held investments in associate entities amounting to £1,493,015, disclosed under “Other Investments.” During the year, a further investment of £1,126,000 was made in these associate entities.
The funds were primarily allocated to associate companies engaged in acquiring residential income-generating properties. These investments entitle the company to contractually guaranteed income at 8.5% per annum, payable by the relevant associate entities to OX1 Commercial. This income is recognised in the profit and loss account as it accrues.
6. Debtors
2025 2024
£ £
Due within one year
Amounts owed by other participating interests 68,345 -
Included within other debtors is investment income receivable of £44,484 at the year end (2024: £Nil). This represents accrued investment income due from associate entities under the underlying investment arrangements, which carry a fixed return of 8.5% per annum payable to OX1 Commercial.
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 16,081 7,644
Accruals and deferred income 1,250 1,150
17,331 8,794
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 3,300,000 2,150,359
The above bank loans are secured against the freehold properties held by the associate companies, together with directors’ personal guarantees in favour of Arbuthnot Latham Bank.
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5