OXFORD STREET CAPITAL LIMITED

OXFORD STREET CAPITAL LIMITED

OXFORD STREET CAPITAL LIMITED - Company Information

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OXFORD STREET CAPITAL LIMITED

Company Registration Number:
08180781 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2019

Period of accounts

Start date: 01 September 2018

End date: 31 August 2019

OXFORD STREET CAPITAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2019

Balance sheet
Notes

OXFORD STREET CAPITAL LIMITED

Balance sheet

As at 31 August 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 98,122,569 78,900,000
Investments: 4 11,315,476 10,700,036
Total fixed assets: 109,438,045 89,600,036
Current assets
Debtors:   7,816,725 9,590,418
Cash at bank and in hand: 18,144,860 17,023,037
Total current assets: 25,961,585 26,613,455
Creditors: amounts falling due within one year: 5 (23,062,480) (13,710,862)
Net current assets (liabilities): 2,899,105 12,902,593
Total assets less current liabilities: 112,337,150 102,502,629
Creditors: amounts falling due after more than one year: 6 (45,074,358) (38,450,000)
Provision for liabilities: (1,664,034) (993,053)
Total net assets (liabilities): 65,598,758 63,059,576
Capital and reserves
Called up share capital: 20 20
Revaluation reserve:737,865,20832,633,009
Profit and loss account: 27,733,530 30,426,547
Shareholders funds: 65,598,758 63,059,576

The notes form part of these financial statements

OXFORD STREET CAPITAL LIMITED

Balance sheet statements

For the year ending 31 August 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 May 2020
and signed on behalf of the board by:

Name: Lewis Creighton
Status: Director

The notes form part of these financial statements

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of rental income net of Value Added Tax, allowances and discounts in accordance with the contractual letting of theproperties.

Valuation and information policy

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognitioni. investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising fromchanges in the fair value are recognised in profit or loss in the period that they arise; and ii. no depreciation is provided in respect of investmentproperties applying the fair value model.

Other accounting policies

Derivative financial instruments are recognised at fair value. The gain or loss on remeasurement to fair value isrecognised immediately in the profit or loss.

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

2. Employees

2019 2018
Average number of employees during the period 0 0

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

3. Tangible Assets

Total
Cost £
At 01 September 2018 78,900,000
Additions 14,605,809
Revaluations 4,616,760
At 31 August 2019 98,122,569
Net book value
At 31 August 2019 98,122,569
At 31 August 2018 78,900,000

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

4. Fixed investments

The value of investments in subsidiaries is £11,315,476 (2018: 10,700,036)

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

5. Creditors: amounts falling due within one year note

Secured debt 2019 £1,800,000 (2018 £1,800,000) Amounts owing to group and related undertakings 2019 £16,400,803 (2018 £11,048,600) Other creditors 2018 £4,861,667 (2018 £1,130,327)

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

6. Creditors: amounts falling due after more than one year note

The debt is secured over investment property held within the company and investment property held by group undertakings.

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

7. Revaluation reserve

2019
£
Balance at 01 September 2018 32,633,009
Surplus or deficit after revaluation 5,232,199
Balance at 31 August 2019 37,865,208

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

8. Related party transactions

Name of the related party: Oxford Street Capital Holdings Limited
Relationship:
Common Shareholders
Description of the Transaction: Centralised treasurymanagement
£
Balance at 01 September 2018 0
Balance at 31 August 2019 5,677,595
Name of the related party: Oxford Street Capital SarL
Relationship:
Subsidiary company
Description of the Transaction: Centralising treasury management
£
Balance at 01 September 2018 8,901,865
Balance at 31 August 2019 7,445,179
Name of the related party: William Ewart Properties Ltd
Relationship:
Sunsidiary company
Description of the Transaction: Centralising treasury management
£
Balance at 01 September 2018 11,048,600
Balance at 31 August 2019 11,179,439
Name of the related party: Portfolio Property Management Ltd
Relationship:
Property management company with common directors
Description of the Transaction: Property management fees at arms length
£
Balance at 01 September 2018 101,187
Balance at 31 August 2019 101,087