OXFORD STREET CAPITAL LIMITED

OXFORD STREET CAPITAL LIMITED

OXFORD STREET CAPITAL LIMITED - Company Information

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OXFORD STREET CAPITAL LIMITED

Company Registration Number:
08180781 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2017

Period of accounts

Start date: 01 September 2016

End date: 31 August 2017

OXFORD STREET CAPITAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2017

Balance sheet
Notes

OXFORD STREET CAPITAL LIMITED

Balance sheet

As at 31 August 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 66,480,000 66,480,000
Investments: 3 20,200 20,200
Total fixed assets: 66,500,200 66,500,200
Current assets
Debtors:   16,171,351 12,217,357
Cash at bank and in hand: 1,288,837 3,096,809
Total current assets: 17,460,188 15,314,166
Creditors: amounts falling due within one year: 4 (16,261,012) (14,564,832)
Net current assets (liabilities): 1,199,176 749,334
Total assets less current liabilities: 67,699,376 67,249,534
Creditors: amounts falling due after more than one year: 5 (40,250,000) (42,050,000)
Provision for liabilities: (2,008,273) (2,229,555)
Total net assets (liabilities): 25,441,103 22,969,979
Capital and reserves
Called up share capital: 20 20
Revaluation reserve:610,980,00010,980,000
Profit and loss account: 14,461,083 11,989,959
Shareholders funds: 25,441,103 22,969,979

The notes form part of these financial statements

OXFORD STREET CAPITAL LIMITED

Balance sheet statements

For the year ending 31 August 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 May 2018
and signed on behalf of the board by:

Name: David Andrew Creighton
Status: Director

The notes form part of these financial statements

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of rental income net of Value Added Tax, allowances and discounts in accordance with the contractual letting of the properties.

Valuation and information 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 recognitioni. 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; andii. no depreciation is provided in respect of investment properties applying the fair value model.

Other accounting policies

Amounts owed to group and related undertakings are classified as falling due within one year.

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

2. Tangible Assets

Total
Cost £
At 01 September 2016 66,480,000
At 31 August 2017 66,480,000
Net book value
At 31 August 2017 66,480,000
At 31 August 2016 66,480,000

In respect of the asset stated at valuation, the comparable historical cost value is £55,500,000. At13 April 2017, £10,980,000 of investment property fair value is based on a valuation by an external, independent valuer, CBRE, having an appropriate recognised professional qualification (Royal Institution of Chartered Surveyors) and recent experience in the location and class of properties being valued.Any gain or loss arising from a change in fair value is recognised in profit or loss. Rental income from investment properties is accounted for as described in the turnover accounting policy.

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

3. Fixed investments

The company has 100% shareholding in a number of companies. These investments are stated at cost.

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

4. Creditors: amounts falling due within one year note

2017 2016Secure debt 1800000 1800000Owed to group and relatedundertakings 14202204 12427658Other creditors 2267081 2566730

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

5. Creditors: amounts falling due after more than one year note

The debt is secured over investment property held within the company and investment property held by group undertakings.

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

6. Revaluation reserve

2017
£
Balance at 01 September 2016 10,980,000
Surplus or deficit after revaluation 0
Balance at 31 August 2017 10,980,000

OXFORD STREET CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

7. Related party transactions

Name of the related party: Portfolio Property Management Limited
Relationship:
Property management company with common directors.
Description of the Transaction: Property management fees at arms length.
£
Balance at 01 September 2016 0
Balance at 31 August 2017 400,549
Name of the related party: Oxford Street Capital Holdings Limited
Relationship:
Company with common directors.
Description of the Transaction: Loan interest at arms length
£
Balance at 01 September 2016 0
Balance at 31 August 2017 134,352