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REGISTERED NUMBER: 08409572 (England and Wales)












OAKHAVEN CARE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






OAKHAVEN CARE LIMITED (REGISTERED NUMBER: 08409572)

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


OAKHAVEN CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A B Ryde
K D R Mans
J Neylon
Ms R J Morgan
P Dodson
A Bunston
Ms T Cooper


REGISTERED OFFICE: Pennington Chase
Lower Pennington Lane
Pennington
Lymington
Hampshire
SO41 8ZZ


REGISTERED NUMBER: 08409572 (England and Wales)


AUDITORS: Hopper Williams & Bell Limited
Statutory Auditor
Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR


BANKERS: HSBC Bank plc
102 High Street
Lymington
Hampshire
SO41 9ZP

OAKHAVEN CARE LIMITED (REGISTERED NUMBER: 08409572)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,163 7,761

CURRENT ASSETS
Debtors 5 187,964 228,950
Cash at bank 39,039 136,813
227,003 365,763
CREDITORS
Amounts falling due within one year 6 (163,168 ) (111,654 )
NET CURRENT ASSETS 63,835 254,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,998

261,870

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 73,996 261,868
73,998 261,870

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 Statement of Income and Retained Earnings has not been delivered.

OAKHAVEN CARE LIMITED (REGISTERED NUMBER: 08409572)

BALANCE SHEET - continued
31 MARCH 2023



The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





A B Ryde - Director


OAKHAVEN CARE LIMITED (REGISTERED NUMBER: 08409572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Oakhaven Care Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents net invoiced sales, exclusive of VAT, and is attributable to the principal activity of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - Straight line over 5 years
Computer equipment - Straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Distribution of profits
The company has a policy of paying gift aid of an amount up to the taxable profits each year to The Oakhaven Trust, its ultimate parent undertaking. In line with recent guidance following FRED 68, the Company treats this donation as a distribution of reserves if it is paid pre year end. The Board are responsible for formally agreeing to the total amount to be distributed each year.

OAKHAVEN CARE LIMITED (REGISTERED NUMBER: 08409572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Going concern
At the balance sheet date, the company has accumulated reserves of £73,998 (2022: £261,870). While the directors expect the company to remain profitable in the future, the parent company, The Oakhaven Trust, has indicated that it will provide financial support to the company should the need arise. The directors are therefore confident of the ability to settle liabilities as they fall due and confident that it is appropriate to prepare the financial statements on a going concern basis.

Coronavirus Job Retention Scheme
The accrual model has been used to recognise the grant on a systematic basis over the periods in which the related staff costs are incurred.

Business Support Grant Funds
The accrual model has been used to recognise the grant when it is received or becomes receivable, as there are no future related costs or performance conditions.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2022 - 55 ) .

OAKHAVEN CARE LIMITED (REGISTERED NUMBER: 08409572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 289 10,702 10,991
Additions 5,138 - 5,138
Disposals (289 ) (398 ) (687 )
At 31 March 2023 5,138 10,304 15,442
DEPRECIATION
At 1 April 2022 289 2,941 3,230
Charge for year 676 2,060 2,736
Eliminated on disposal (289 ) (398 ) (687 )
At 31 March 2023 676 4,603 5,279
NET BOOK VALUE
At 31 March 2023 4,462 5,701 10,163
At 31 March 2022 - 7,761 7,761

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,123 68,590
Other debtors 137,841 160,360
187,964 228,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,973 29,209
Amounts owed to group undertakings 69,164 6,706
Taxation and social security 20,264 22,841
Other creditors 65,767 52,898
163,168 111,654

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michaela Johns FCCA (Senior Statutory Auditor)
for and on behalf of Hopper Williams & Bell Limited

OAKHAVEN CARE LIMITED (REGISTERED NUMBER: 08409572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. ULTIMATE CONTROLLING PARTY

The Oakhaven Trust, a registered charity (number 900215) and company limited by guarantee (number 2435177), is the ultimate parent, for which consolidated accounts including Oakhaven Care Limited are prepared. These accounts are available from its registered office, Pennington Chase, Lower Pennington Lane, Lymington, Hampshire, SO41 8ZZ.