Oxfordshire Estates Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 08730143 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

OXFORDSHIRE ESTATES LIMITED

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

36,119

25,017

Current assets

Stocks

406,250

256,542

Debtors

5

39,893

30,499

Cash at bank and in hand

1,729

3,941

447,872

290,982

Creditors

Amounts falling due within one year

6

322,117

202,834

Net current assets

125,755

88,148

Total assets less current liabilities

161,874

113,165

Provisions for liabilities

7

7,224

5,003

Net assets

154,650

108,162

Capital and reserves

Called up share capital

8

100

100

Retained earnings

154,550

108,062

Shareholders' funds

154,650

108,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 May 2017 and were signed on its behalf by:

Mr D Dryden - Director

1.	Statutory information

Oxfordshire Estates Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number is 08730143. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business

address is Goose Eye Farm,Lower Road, Witney, Eynsham, Oxfordshire, OX29 4EH.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income receivable from consultancy and farming activities net of VAT.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stock is valued at the lower of cost and net realisable value. Livestock is valued at fair value less direct costs of disposition.

Work In Progress is valued at the lower of cost and net realisable value and represents land held for development including

land in the course of development which until legal completion for the sale of the asset is recorded at cost. Cost comprises

direct costs including, where applicable, direct labour costs and overheads, not including any general administrative

overheads, that have been incurred in bringing the asset to the condition and location as recorded at the balance sheet

date.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or

past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of

current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing

differences are differences between taxable profits and total comprehensive income as stated in the financial statements

that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are

recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet

date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible

fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the

contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract

that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any

losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 .

4.	Tangible fixed assets

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

Cost

At 1 November 2015

7,811

31,819

448

40,078

Additions

-

22,200

-

22,200

At 31 October 2016

7,811

54,019

448

62,278

Depreciation

At 1 November 2015

1,562

13,350

149

15,061

Charge for year

781

10,167

150

11,098

At 31 October 2016

2,343

23,517

299

26,159

Net book value

At 31 October 2016

5,468

30,502

149

36,119

At 31 October 2015

6,249

18,469

299

25,017

5.

Debtors: amounts falling due within one year

2016

2015

£

£

Trade debtors

6,757

10,918

Other debtors

2,500

2,500

VAT

30,636

17,081

39,893

30,499

6.

Creditors: amounts falling due within one year

2016

2015

£

£

Trade creditors

49,029

119,073

Tax

9,401

48,775

Social security and other taxes

322

-

Other creditors

200,000

7,000

Directors' current accounts

49,937

24,236

Accruals and deferred income

13,428

3,750

322,117

202,834

7.	Provisions for liabilities

2016

2015

£

£

Deferred tax

7,224

5,003

Deferred

tax

£

Balance at 1 November 2015

5,003

Charge to Statement of comprehensive income during year

2,221

Balance at 31 October 2016

7,224

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

100

100

9.	Ultimate controlling party

The company is controlled by the director, Mr D Dryden, who owns 75% of the issued share capital.

10.	First year adoption

These financial statements for the year ended 31 October 2016 are the first financial statements that comply with FRS 102

Section 1A small entities. The date of transition is 1 November 2014.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those

previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to

these financial statements.