Oxford Estates Limited
Oxford Estates Limited
Financial Statements
For The Year Ended 31 March 2018
Oxford Estates Limited
Financial Statements
For The Year Ended 31 March 2018
Financial Statements
| Contents | |
| Page | |
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| Accountants' Report | 1 |
| Statement of Financial Position | 2—3 |
| Notes to the Financial Statements | 4—5 |
Oxford Estates Limited
Accountants' Report
For The Year Ended 31 March 2018
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Oxford Estates Limited For The Year Ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oxford Estates Limited for the year ended 31 March 2018 which comprise the Income Statement, the Statement of Financial Position and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the directors of Oxford Estates Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Oxford Estates Limited and state those matters that we have agreed to state to the directors of Oxford Estates Limited , as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oxford Estates Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Oxford Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Oxford Estates Limited . You consider that Oxford Estates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Oxford Estates Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
Page 1
Oxford Estates Limited
Statement of Financial Position
For The Year Ended 31 March 2018
Statement of Financial Position
Registered number:
01937428
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 3 |
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| CURRENT ASSETS | |||||
| 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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| NET ASSETS |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Income Statement |
( |
( |
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| SHAREHOLDERS' FUNDS | (127,390) | (89,424) | |||
Page 2
Oxford Estates Limited
Statement of Financial Position (continued)
For The Year Ended 31 March 2018
Directors' responsibilities:
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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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
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The notes on pages 4 to 5 form part of these financial statements.
Page 3
Oxford Estates Limited
Notes to the Financial Statements
For The Year Ended 31 March 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The company is showing net liabilities as at 31 March 2018. The directors have confirmed that they will continue to support the company financially, to allow it to continue its operations. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & fittings |
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1.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:1 (2017:1)
Page 4
Oxford Estates Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
3.
Tangible assets
| Investment properties | Fixtures & fittings | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at |
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| Additions | 204,610 |
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| Depreciation | |||
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| Provided during the period | - |
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| Net Book Value | |||
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| As at |
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5.
General Information
Oxford Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01937428 . The registered office is 12 Payton Street, Stratford upon Avon, Warwickshire, CV37 6UA.
Page 5