Oxbridge Property Associates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11219238 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

OXBRIDGE PROPERTY ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

Mr B J Funnell

REGISTERED OFFICE:

Wickham

Cross Way

Shawford

Winchester

Hampshire

SO21 2BZ

REGISTERED NUMBER:

11219238 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

FIXED ASSETS

Tangible assets

4

3,952

4,391

Investment property

5

309,993

313,945

314,384

CURRENT ASSETS

Debtors

6

4,282

4,421

Cash at bank

15,909

13,568

20,191

17,989

CREDITORS

Amounts falling due within one year

7

308,741

310,671

NET CURRENT LIABILITIES

(288,550

)

(292,682

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,395

21,702

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

25,295

21,602

25,395

21,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 22 June 2026 and were signed by:

Mr B J Funnell - Director

1.	STATUTORY INFORMATION

Oxbridge Property 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 as modified by the revaluation of certain assets.

The director has made an assessment in preparing these financial statements as to whether the company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the company's ability to continue as a going concern.

TANGIBLE FIXED ASSETS

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following basis:

Fixtures & Fittings - 10% reducing balance

The gain or loss arising on the disposal of an asset is determined as the different between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Other debtors are deposits held in advance of the purchase of properties. These have been transferred from trading stock to reflect the substance of use.

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.

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.

OTHER INCOME

Other income is the amount of rent receivable from the company's investment properties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

7,170

DEPRECIATION

At 1 April 2025

2,779

Charge for year

439

At 31 March 2026

3,218

NET BOOK VALUE

At 31 March 2026

3,952

At 31 March 2025

4,391

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

309,993

NET BOOK VALUE

At 31 March 2026

309,993

At 31 March 2025

309,993

Investment properties were valued on a fair value basis on 31 March 2026 by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Prepayments and accrued income

4,282

4,421

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Amounts owed to participating interests

-

163,877

Tax

969

2,698

Directors' current accounts

304,572

140,695

Accruals and deferred income

1,670

1,651

Accrued expenses

1,530

1,750

308,741

310,671

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

Mr B J Funnell

Balance outstanding at start of year

(140,695

)

(180,695

)

Amounts advanced

(163,877

)

40,000

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(304,572

)

(140,695

)

The balance advanced to the company by the director is interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

Oxbridge Associates Limited

A company in which Mr B Funnell is a director.

During the year, the amount owed to Oxbridge Associates Limited was reassigned to the directors loan account (2025: £163,877).

The following reproduces the text of the report prepared for the director 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 Director 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 Property Associates Limited for the year ended 31 March 2026 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 director of Oxbridge Property Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oxbridge Property Associates Limited and state those matters that we have agreed to state to the director of Oxbridge Property Associates Limited 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 Property Associates Limited and its director for our work or for this report.

It is your duty to ensure that Oxbridge Property 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 Property Associates Limited. You consider that Oxbridge Property 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 Property 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

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

22 June 2026