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COMPANY REGISTRATION NUMBER: 06880764
Oakview Care (Berkshire) Limited
Filleted Unaudited Abridged Financial Statements
31 March 2024
Oakview Care (Berkshire) Limited
Abridged Financial Statements
Year Ended 31 March 2024
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 5
Oakview Care (Berkshire) Limited
Abridged Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed Assets
Intangible assets
5
53,233
88,133
Tangible assets
6
1,189,437
1,221,772
------------
------------
1,242,670
1,309,905
Current Assets
Stocks
500
Debtors
112,264
1,195
Cash at bank and in hand
149,098
79,690
---------
--------
261,862
80,885
Creditors: amounts falling due within one year
156,202
228,522
---------
---------
Net Current Assets/(Liabilities)
105,660
( 147,637)
------------
------------
Total Assets Less Current Liabilities
1,348,330
1,162,268
------------
------------
Net Assets
1,348,330
1,162,268
------------
------------
Capital and Reserves
Called up share capital
7
1,000
1,000
Profit and loss account
1,347,330
1,161,268
------------
------------
Shareholders Funds
1,348,330
1,162,268
------------
------------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Oakview Care (Berkshire) Limited
Abridged Statement of Financial Position (continued)
31 March 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 8 November 2024 , and are signed on behalf of the board by:
Mr A Kilbey
Director
Company registration number: 06880764
Oakview Care (Berkshire) Limited
Notes to the Abridged Financial Statements
Year Ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Oak Croft, Bearsted, Maidstone, Kent, ME14 4GF, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The abridged financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged financial statements in accordance with Section 444(2A) of the Companies Act 2006.
Revenue recognition
The turnover shown in the profit and loss account represents residents' fees earned during the year.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
8% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2.50% reducing balance
Plant and machinery
-
18% reducing balance
Motor vehicles
-
18% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 33 (2023: 30 ).
5. Intangible assets
£
Cost
At 1 April 2023 and 31 March 2024
453,333
---------
Amortisation
At 1 April 2023
365,200
Charge for the year
34,900
---------
At 31 March 2024
400,100
---------
Carrying amount
At 31 March 2024
53,233
---------
At 31 March 2023
88,133
---------
6. Tangible assets
£
Cost
At 1 April 2023 and 31 March 2024
1,601,028
------------
Depreciation
At 1 April 2023
379,256
Charge for the year
32,335
------------
At 31 March 2024
411,591
------------
Carrying amount
At 31 March 2024
1,189,437
------------
At 31 March 2023
1,221,772
------------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
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