B & N Oxfordshire Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10305173 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

B & N OXFORDSHIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R A Binning

Mrs J R A Davis

W A Nixey

N E Nixey

REGISTERED OFFICE:

Easington Manor

Easington

WATLINGTON

Oxfordshire

OX49 5AZ

REGISTERED NUMBER:

10305173 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Investment property

3

2,114,624

2,114,624

CURRENT ASSETS

Debtors

4

1,631

1,593

Cash at bank

73,851

94,983

75,482

96,576

CREDITORS

Amounts falling due within one year

5

84,343

93,157

NET CURRENT (LIABILITIES)/ASSETS

(8,861

)

3,419

TOTAL ASSETS LESS CURRENT LIABILITIES

2,105,763

2,118,043

CREDITORS

Amounts falling due after more than one year

6

1,939,613

2,011,332

NET ASSETS

166,150

106,711

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

166,050

106,611

166,150

106,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 September 2020 and were signed on its behalf by:

J R A Binning - Director

Mrs J R A Davis - Director

W A Nixey - Director

N E Nixey - Director

1.	STATUTORY INFORMATION

B & N Oxfordshire 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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 future taxable profits.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2019

and 31 December 2019

2,114,624

NET BOOK VALUE

At 31 December 2019

2,114,624

At 31 December 2018

2,114,624

The directors do not consider that there has been any significant change in fair value of the property since it was

acquired in November 2016. As such the fair value is the same as cost.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other debtors

1,631

1,593

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans and overdrafts

69,500

67,250

Taxation and social security

13,943

25,007

Other creditors

900

900

84,343

93,157

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans

1,539,613

1,611,332

Other creditors

400,000

400,000

1,939,613

2,011,332

7.	RELATED PARTY DISCLOSURES

At the year end each of the directors was owed £100,000 by the company (2018: each of the directors was owed

£100,000) . This is shown within other creditors due after more than one year.