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Financial Statements |
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for the Period 1 June 2020 to 31 July 2021 |
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for |
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THE OXFORD CHRISTMAS COMPANY LIMITED |
REGISTERED NUMBER:
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Financial Statements |
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for the Period 1 June 2020 to 31 July 2021 |
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for |
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THE OXFORD CHRISTMAS COMPANY LIMITED |
THE OXFORD CHRISTMAS COMPANY LIMITED (REGISTERED NUMBER: 09031282) |
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Contents of the Financial Statements |
for the period 1 June 2020 to 31 July 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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THE OXFORD CHRISTMAS COMPANY LIMITED |
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Company Information |
for the period 1 June 2020 to 31 July 2021 |
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Directors: |
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Registered office: |
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Registered number: |
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Auditors: |
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Chartered Accountants and Statutory Auditor |
3 Danebrook Court |
Langford Lane |
Kidlington |
Oxfordshire |
OX5 1LQ |
THE OXFORD CHRISTMAS COMPANY LIMITED (REGISTERED NUMBER: 09031282) |
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Balance Sheet |
31 July 2021 |
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31/7/21 | 31/5/20 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
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Tangible assets | 5 |
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Current assets |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital |
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Retained earnings |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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THE OXFORD CHRISTMAS COMPANY LIMITED (REGISTERED NUMBER: 09031282) |
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Notes to the Financial Statements |
for the period 1 June 2020 to 31 July 2021 |
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1. | Statutory information |
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The Oxford Christmas Company Limited is a
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Goodwill |
Goodwill has been written off to £nil in the year |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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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. |
THE OXFORD CHRISTMAS COMPANY LIMITED (REGISTERED NUMBER: 09031282) |
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Notes to the Financial Statements - continued |
for the period 1 June 2020 to 31 July 2021 |
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2. | Accounting policies - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Going concern |
At the time of approving the financial statements the company has ceased to trade, which has been taken up in another group company. The directors have no intention of winding the company up while the directors explore commercial opportunities. Notwithstanding this the directors have assessed that the company has adequate resources to remain solvent for a period of 12 months from the date of approval of the financial statements. Having taken account of all available information about the future, including the company's most recent trading results, budgets and cash flow forecasts, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
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3. | Employees and directors |
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The average number of employees during the period was
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4. | Intangible fixed assets |
Goodwill |
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Cost |
At 1 June 2020 |
and 31 July 2021 |
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Amortisation |
At 1 June 2020 |
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Charge for period |
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At 31 July 2021 |
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Net book value |
At 31 July 2021 |
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At 31 May 2020 |
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THE OXFORD CHRISTMAS COMPANY LIMITED (REGISTERED NUMBER: 09031282) |
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Notes to the Financial Statements - continued |
for the period 1 June 2020 to 31 July 2021 |
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5. | Tangible fixed assets |
Plant and |
machinery |
etc |
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Cost |
At 1 June 2020 |
and 31 July 2021 |
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Depreciation |
At 1 June 2020 |
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Charge for period |
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At 31 July 2021 |
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Net book value |
At 31 July 2021 |
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At 31 May 2020 |
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6. | Debtors: amounts falling due within one year |
31/7/21 | 31/5/20 |
£ | £ |
Other debtors |
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7. | Creditors: amounts falling due within one year |
31/7/21 | 31/5/20 |
£ | £ |
Taxation and social security |
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Other creditors |
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8. | Disclosure under Section 444(5B) of the Companies Act 2006 |
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The Report of the Auditors was qualified on the following basis: |
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Basis for Disclaimer of Opinion |
We did not have access to all of the company records and were unable to obtain sufficient appropriate audit evidence to be able to form an opinion on the state of the company's affairs as at 31 July 2021 and of its profit for the period then ended. |
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for and on behalf of
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THE OXFORD CHRISTMAS COMPANY LIMITED (REGISTERED NUMBER: 09031282) |
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Notes to the Financial Statements - continued |
for the period 1 June 2020 to 31 July 2021 |
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9. | Ultimate controlling party |
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The immediate parent undertaking is Takesi Ltd. |
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The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Takesi Limited. Copies of the Takesi Group consolidated financial statements can be obtained from the Company Secretary at The Park, North Aston, Bicester, Oxfordshire, OX25 6HL. |
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The ultimate controlling parties are Mr N R Nicholson and Mrs E M Nicholson. |