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Registered number: 11768145










OAKWOOD HOUSE (NORWICH) LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
OAKWOOD HOUSE (NORWICH) LTD
REGISTERED NUMBER: 11768145

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,967
26,309

  
17,967
26,309

Current assets
  

Debtors: amounts falling due within one year
 5 
225,291
162,287

Cash at bank and in hand
 6 
593,808
490,847

  
819,099
653,134

Creditors: amounts falling due within one year
 7 
(412,287)
(206,385)

Net current assets
  
 
 
406,812
 
 
446,749

Total assets less current liabilities
  
424,779
473,058

Provisions for liabilities
  

Deferred tax
 8 
(3,889)
-

  
 
 
(3,889)
 
 
-

Net assets
  
420,890
473,058


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
420,790
472,958

  
420,890
473,058


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
M Tansley
Director

Date: 20 June 2025

The notes on pages 4 to 9 form part of these financial statements.
Page 1

 
OAKWOOD HOUSE (NORWICH) LTD
REGISTERED NUMBER: 11768145
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024


Page 2

 
OAKWOOD HOUSE (NORWICH) LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2023
100
376,051
376,151



Profit for the year
-
518,687
518,687
Total comprehensive income for the year
-
518,687
518,687


Contributions by and distributions to owners

Dividends: Equity capital
-
(421,780)
(421,780)


Total transactions with owners
-
(421,780)
(421,780)



At 1 January 2024
100
472,958
473,058



Profit for the year
-
491,377
491,377
Total comprehensive income for the year
-
491,377
491,377


Contributions by and distributions to owners

Dividends: Equity capital
-
(543,545)
(543,545)


Total transactions with owners
-
(543,545)
(543,545)


At 31 December 2024
100
420,790
420,890


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
OAKWOOD HOUSE (NORWICH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Oakwood House (Norwich) Ltd is a private limited company limited by shares and incorporated in England and Wales, registration number 11768145. The registered office is Prospect House, Rouen Road, Norwich, Norfolk, United Kingdom, NR1 1RE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
OAKWOOD HOUSE (NORWICH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
OAKWOOD HOUSE (NORWICH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 54 (2023 - 55).

Page 6

 
OAKWOOD HOUSE (NORWICH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
71,934


Additions
11,160


Disposals
(48,232)



At 31 December 2024

34,862



Depreciation


At 1 January 2024
45,625


Charge for the year on owned assets
19,502


Disposals
(48,232)



At 31 December 2024

16,895



Net book value



At 31 December 2024
17,967



At 31 December 2023
26,309


5.


Debtors

2024
2023
£
£


Trade debtors
157,577
90,739

Prepayments and accrued income
67,714
70,025

Deferred taxation
-
1,523

225,291
162,287


Page 7

 
OAKWOOD HOUSE (NORWICH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
593,808
490,847

593,808
490,847



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
21,848
27,043

Amounts owed to group undertakings
2,662
1,950

Corporation tax
139,995
-

Other taxation and social security
28,963
32,256

Other creditors
108,325
90,566

Accruals and deferred income
110,494
54,570

412,287
206,385



8.


Deferred taxation




2024


£






At beginning of year
1,523


Charged to profit or loss
(5,412)



At end of year
(3,889)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(4,493)
(6,578)

Tax losses carried forward
-
7,505

Pension contributions
604
596

(3,889)
1,523

Page 8

 
OAKWOOD HOUSE (NORWICH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Contingent liabilities

The Company is party to a bank cross guarantee and debenture dated 22 March 2019.  The other parties to the cross guarantee are Arcus Capital (Oakwood) Ltd, Arcus Capital Ltd and Charing Lodge Limited.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund. Contributions totalling £5,783 (2023 - £5,840) were payable to the fund at the reporting date and are included in creditors.


11.


Controlling party

The ultimate controlling party is Arcus Capital Limited by virtue of its 100% shareholding in Arcus Capital (Oakwood) Limited, the parent of the Company. The registered office is Prospect House, Rouen Road, Norwich, Norfolk, United Kingdom, NR1 1RE. Arcus Capital Limited files consolidated group accounts, which include the figures of Oakwood House (Norwich) Limited.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 23 June 2025 by Frank Shippam BSc FCA DChA (Senior statutory auditor) on behalf of MA Partners Audit LLP.

 
Page 9