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REGISTERED NUMBER: 07253340 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Oak Tree (Construction Design &
Management) Limited

Oak Tree (Construction Design &
Management) Limited (Registered number: 07253340)






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


Oak Tree (Construction Design &
Management) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Ali Reza Tavagoh
Mrs Latifa Nazeri



REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



REGISTERED NUMBER: 07253340 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Lloyds Bank Plc

Oak Tree (Construction Design &
Management) Limited (Registered number: 07253340)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 26,925 35,903

CURRENT ASSETS
Stocks 8,398,695 6,333,286
Debtors 4 303,214 404,083
Cash at bank and in hand 21,500 60,867
8,723,409 6,798,236
CREDITORS
Amounts falling due within one year 5 4,427,367 1,832,560
NET CURRENT ASSETS 4,296,042 4,965,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,322,967

5,001,579

CREDITORS
Amounts falling due after more than one
year

6

3,610,032

3,815,274
NET ASSETS 712,935 1,186,305

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 712,835 1,186,205
SHAREHOLDERS' FUNDS 712,935 1,186,305

Oak Tree (Construction Design &
Management) Limited (Registered number: 07253340)

Balance Sheet - continued
31 March 2023


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 directors acknowledge their 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.

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.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





Mrs Latifa Nazeri - Director


Oak Tree (Construction Design &
Management) Limited (Registered number: 07253340)

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

1. 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.

Turnover and profit recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents principally the amounts derived from the sale of new homes and land. Revenue from home sales represents the selling price for the unit, net of any cash incentives, and is recognised on legal completion. Profit is recognised on a per completion basis, by reference to the remaining margin forecast, in line with the stage of completion across the development. Revenue from any land sales is recognised on legal completion.

Costs associated with remedial work and customer care issues are recognised within gross margin and written off during the year in which they occur.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Net realisable value in relation to land and work in progress is assessed by taking account of estimated selling price less all estimated costs of completion. An assessment of all projects is performed regularly by the company's professionally qualified Quantity Surveyor.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Oak Tree (Construction Design &
Management) Limited (Registered number: 07253340)

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

1. ACCOUNTING POLICIES - continued

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.

Contingent liabilities
The Company has contingent liabilities in relation to indemnities provided for performance bonds and guarantees of performance obligations. These relate to contracting or development agreements entered in the ordinary course of business.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 23 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 14,560 38,703 11,965 65,228
DEPRECIATION
At 1 April 2022 10,721 13,369 5,235 29,325
Charge for year 960 6,335 1,683 8,978
At 31 March 2023 11,681 19,704 6,918 38,303
NET BOOK VALUE
At 31 March 2023 2,879 18,999 5,047 26,925
At 31 March 2022 3,839 25,334 6,730 35,903

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 9,763
Other debtors 174,750 335,438
Tax 12,586 12,586
VAT 115,269 36,546
Prepayments 609 9,750
303,214 404,083

Oak Tree (Construction Design &
Management) Limited (Registered number: 07253340)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,567,095 85,740
Trade creditors 689,497 871,912
Social security and other taxes 135,557 52,511
Auto Enrolment Pension 2,878 2,732
Deposits held 27,365 42,327
Accrued expenses 4,975 777,338
4,427,367 1,832,560

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 20,000
Bank loans - 2-5 years 19,779 10,706
A Nazeri Will Trust Loan
account 3,580,253 3,784,568
3,610,032 3,815,274

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100