Oxford College of English Limited - Abbreviated accounts 16.3
Oxford College of English Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st October 2016 |
| for |
| OXFORD COLLEGE OF ENGLISH LIMITED |
| OXFORD COLLEGE OF ENGLISH LIMITED (REGISTERED NUMBER: 02194673) |
| Contents of the Abbreviated Accounts |
| for the year ended 31st October 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| OXFORD COLLEGE OF ENGLISH LIMITED |
| Company Information |
| for the year ended 31st October 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| OXFORD COLLEGE OF ENGLISH LIMITED (REGISTERED NUMBER: 02194673) |
| Abbreviated Balance Sheet |
| 31st October 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Investment property revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the director on |
| OXFORD COLLEGE OF ENGLISH LIMITED (REGISTERED NUMBER: 02194673) |
| Notes to the Abbreviated Accounts |
| for the year ended 31st October 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Oxford College of English Limited as an individual company |
| and do not contain consolidated financial information as the parent of a group. The company has taken the option |
| under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| No depreciation is provided on freehold land. |
| Investment property |
| In accordance with SSAP 19 investment properties have been revalued and the aggregate surplus has been |
| transferred to a revaluation reserve. No depreciation is provided in respect of freehold investment properties. The |
| directors consider that this accounting policy results in the accounts giving a true and fair view. Depreciation is |
| only one of many factors reflected in the annual valuation and the amount which might otherwise have been |
| shown cannot be separately identified or quantified. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
| sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the |
| date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st November 2015 |
| and 31st October 2016 |
| DEPRECIATION |
| At 1st November 2015 |
| Charge for year |
| At 31st October 2016 |
| NET BOOK VALUE |
| At 31st October 2016 |
| At 31st October 2015 |
| OXFORD COLLEGE OF ENGLISH LIMITED (REGISTERED NUMBER: 02194673) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31st October 2016 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1st November 2015 | 142,330 |
| Additions | 143,806 |
| At 31st October 2016 | 286,136 |
| NET BOOK VALUE |
| At 31st October 2016 |
| At 31st October 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 100 | 100 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 100 | 100 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1st November 2015 |
| and 31st October 2016 |
| NET BOOK VALUE |
| At 31st October 2016 |
| At 31st October 2015 |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| OXFORD COLLEGE OF ENGLISH LIMITED (REGISTERED NUMBER: 02194673) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31st October 2016 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary shares | £1 |
| 7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st October 2016 and |
| 31st October 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |
| The above amounts are a summary of transactions in the year, |