Abbreviated Company Accounts - OXFORD HOMES RESIDENTIAL LTD
Abbreviated Company Accounts - OXFORD HOMES RESIDENTIAL LTD
Registered Number 09085805
OXFORD HOMES RESIDENTIAL LTD
Abbreviated Accounts
28 February 2016
OXFORD HOMES RESIDENTIAL LTD Registered Number 09085805
Abbreviated Balance Sheet as at 28 February 2016
| Notes | 2016 | 2015 | |
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| £ | £ | ||
| Fixed assets | |||
| Investments | 2 |
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| Current assets | |||
| Stocks |
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
( |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Creditors: amounts falling due after more than one year |
( |
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| Total net assets (liabilities) |
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| Capital and reserves | |||
| Called up share capital | 3 |
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| Profit and loss account |
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| Shareholders' funds |
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For the year ending 28 February 2016 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. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
OXFORD HOMES RESIDENTIAL LTD Registered Number 09085805
Notes to the Abbreviated Accounts for the period ended 28 February 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
Stock is valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.
Cost is the expenditure which has been incurred to bring the product or service to a saleable condition.
Net realisable value is the actual or estimated selling price less further costs to complete and costs to be incurred in marketing, selling and distributing.
Deferred Taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the financial statements and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2Fixed assets Investments
Cost
At 1 March 2015 £101
At 29 February 2016 £101
The company holds 20% or more of the share capital of the following companies:
Company : Oxford Homes (Aston) ltd Company: Oxford Homes (Cumnor) Ltd
Shares held class: Ordinary Shares held class: Ordinary
% : 100 %: 100
Capital and reserves: £279,593 Capital and reserves: (1,187)
Profit (loss) for the year: £480,249 Profit (loss) for the year: (410)