Oxtoby Accommodation Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04689714 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Oxtoby Accommodation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DIRECTORS:

D Oxtoby

Mrs S Oxtoby

SECRETARY:

Mrs S Oxtoby

REGISTERED OFFICE:

Suite 1, The Riverside Building

Livingstone Road

Hessle

East Yorkshire

HU13 0DZ

REGISTERED NUMBER:

04689714 (England and Wales)

ACCOUNTANTS:

Harris Lacey and Swain

Suite 1

The Riverside Building

Hessle

East Yorkshire

HU13 0DZ

FIXED ASSETS

Tangible assets

4

79

99

Investment property

5

1,495,000

1,460,000

1,495,079

1,460,099

CURRENT ASSETS

Debtors

6

134,624

106,617

Cash at bank

30,428

34,715

165,052

141,332

CREDITORS

Amounts falling due within one year

7

26,054

171,831

NET CURRENT ASSETS/(LIABILITIES)

138,998

(30,499

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,634,077

1,429,600

CREDITORS

Amounts falling due after more than one year

8

(826,569

)

(626,594

)

PROVISIONS FOR LIABILITIES

(60,211

)

(51,661

)

NET ASSETS

747,297

751,345

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

10

516,191

489,741

Retained earnings

231,105

261,603

SHAREHOLDERS' FUNDS

747,297

751,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 11 December 2023 and were signed on its behalf by:

D Oxtoby - Director

1.	STATUTORY INFORMATION

Oxtoby Accommodation 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.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover

Turnover represents rental income due in the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on reducing balance

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 has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

5,745

DEPRECIATION

At 1 April 2022

5,646

Charge for year

20

At 31 March 2023

5,666

NET BOOK VALUE

At 31 March 2023

79

At 31 March 2022

99

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

1,460,000

Revaluations

35,000

At 31 March 2023

1,495,000

NET BOOK VALUE

At 31 March 2023

1,495,000

At 31 March 2022

1,460,000

Fair value at 31 March 2023 is represented by:

£

Valuation in 2010

208,226

Valuation in 2011

58,015

Valuation in 2013

84,660

Valuation in 2016

(95,000

)

Valuation in 2018

47,000

Valuation in 2019

(2,000

)

Valuation in 2020

(48,000

)

Valuation in 2021

158,501

Valuation in 2022

129,800

Valuation in 2023

35,000

Cost

918,798

1,495,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

134,624

106,617

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

16,000

163,337

Trade creditors

-

686

Other creditors

10,054

7,808

26,054

171,831

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

826,569

626,594

9.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

10.

RESERVES

Fair

value

reserve

£

At 1 April 2022

489,741

Increase/(decrease) in period

26,450

At 31 March 2023

516,191

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023

2022

£

£

D Oxtoby

Balance outstanding at start of year

106,617

98,997

Amounts advanced

145,013

120,948

Amounts repaid

(117,256

)

(113,328

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

134,374

106,617

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Oxtoby.