Abbreviated Company Accounts - OXFORD STREET CAPITAL LIMITED

Abbreviated Company Accounts - OXFORD STREET CAPITAL LIMITED

OXFORD STREET CAPITAL LIMITED - Company Information

Print Friendly Version

Registered Number 08180781

OXFORD STREET CAPITAL LIMITED

Abbreviated Accounts

31 August 2016

OXFORD STREET CAPITAL LIMITED Registered Number 08180781

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 66,480,000 -
Investments 3 20,200 20,200
66,500,200 20,200
Current assets
Debtors 12,216,828 97,682
Cash at bank and in hand 3,096,809 14,089,418
15,313,637 14,187,100
Prepayments and accrued income 529 -
Creditors: amounts falling due within one year 4 (14,564,833) (1,306,192)
Net current assets (liabilities) 749,333 12,880,908
Total assets less current liabilities 67,249,533 12,901,108
Creditors: amounts falling due after more than one year 4 (42,050,000) -
Provisions for liabilities (1,609,458) -
Accruals and deferred income (620,097) -
Total net assets (liabilities) 22,969,978 12,901,108
Capital and reserves
Called up share capital 5 20 20
Revaluation reserve 10,980,000 -
Profit and loss account 11,989,958 12,901,088
Shareholders' funds 22,969,978 12,901,108
  • For the year ending 31 August 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 23 May 2017

And signed on their behalf by:
Lewis Creighton, Director

OXFORD STREET CAPITAL LIMITED Registered Number 08180781

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover, which excludes VAT, represents the income from the leasing and development of properties for commercial purposes and arises entirely in the United Kingdom.

Tangible assets depreciation policy
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

Subsequent to initial recognition

i. investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit or loss in the period that they arise; and
ii. no depreciation is provided in respect of investment properties applying the fair value model.

Other accounting policies
Derivative financial instruments are recognised at fair value. The gain or loss on remeasurement to fair value is recognised immediately in the profit or loss.

2Tangible fixed assets
£
Cost
At 1 September 2015 -
Additions 55,500,000
Disposals -
Revaluations 10,980,000
Transfers -
At 31 August 2016 66,480,000
Depreciation
At 1 September 2015 -
Charge for the year -
On disposals -
At 31 August 2016 -
Net book values
At 31 August 2016 66,480,000
At 31 August 2015 -

All of above are investment properties

3Fixed assets Investments
Investment in subsidiary

4Creditors
2016
£		 2015
£
Secured Debts 43,850,000 -
Instalment debts due after 5 years 34,850,000 -
5Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
20 Ordinary shares of £1 each 20 20