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REGISTERED NUMBER: 05146418 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Oaktree Care Ltd

Oaktree Care Ltd (Registered number: 05146418)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oaktree Care Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr J N Alflatt





SECRETARY: Mr J N Alflatt





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 05146418 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Oaktree Care Ltd (Registered number: 05146418)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 225,000 460,464
225,000 460,464

CURRENT ASSETS
Debtors 6 4,704 -
Cash at bank 306 7,032
5,010 7,032
CREDITORS
Amounts falling due within one year 7 (666,640 ) (598,205 )
NET CURRENT LIABILITIES (661,630 ) (591,173 )
TOTAL ASSETS LESS CURRENT LIABILITIES (436,630 ) (130,709 )

CREDITORS
Amounts falling due after more than one
year

8

-

(57,552

)
NET LIABILITIES (436,630 ) (188,261 )

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings (436,650 ) (188,281 )
SHAREHOLDERS' FUNDS (436,630 ) (188,261 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Oaktree Care Ltd (Registered number: 05146418)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2023 and were signed by:





Mr J N Alflatt - Director


Oaktree Care Ltd (Registered number: 05146418)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Oaktree Care Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, was amortised evenly over its expected useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Oaktree Care Ltd (Registered number: 05146418)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 50,000
AMORTISATION
At 1 April 2022
and 31 March 2023 50,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 610,475 120,186 730,661
Impairments (235,464 ) - (235,464 )
At 31 March 2023 375,011 120,186 495,197
DEPRECIATION
At 1 April 2022
and 31 March 2023 150,011 120,186 270,197
NET BOOK VALUE
At 31 March 2023 225,000 - 225,000
At 31 March 2022 460,464 - 460,464

Included in cost or valuation of land and buildings is freehold land of £ 100,000 (2022 - £ 100,000 ) which is not depreciated.

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2023 (235,464 ) - (235,464 )
Cost 610,475 120,186 730,661
375,011 120,186 495,197

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 4,704 -

Oaktree Care Ltd (Registered number: 05146418)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 21,826
Trade creditors 305 304
Social security and other taxes 172 -
Other creditors 407,046 398,458
Directors' current accounts 259,117 177,617
666,640 598,205

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years - 22,828
Bank loans - 2-5 years - 34,724
- 57,552

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans - 79,378

Until repayment in full, the bank loan was secured by a first and only debenture over the whole assets of the company and a first legal charge over the property within the company.

10. RELATED PARTY DISCLOSURES

At 31 March 2023 the company owed its director £259,117 (2022: £177,617).