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REGISTERED NUMBER: 13051877 (England and Wales)














Financial Statements

for the Year Ended 31 March 2025

for

OAKTREE LIVING LIMITED

OAKTREE LIVING LIMITED (REGISTERED NUMBER: 13051877)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OAKTREE LIVING LIMITED

Company Information
for the Year Ended 31 March 2025







Director: M E Hewitson



Registered office: Teesside Grange
Eaglescliffe
Stockton On Tees
TS16 0QH



Registered number: 13051877 (England and Wales)



Senior statutory auditor: Karl Michael Gordon FCCA



Auditors: Mitchell Gordon LLP
Accountants and Statutory Auditor
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

OAKTREE LIVING LIMITED (REGISTERED NUMBER: 13051877)

Balance Sheet
31 March 2025

31/3/25 31/3/24
Notes £    £    £   
Fixed assets
Tangible assets 4 262,220 81,707

Current assets
Stocks 1,428,352 697,426
Debtors 5 615,019 919,918
Cash at bank 868,123 273,390
2,911,494 1,890,734
Creditors
Amounts falling due within one year 6 2,214,399 1,380,586
Net current assets 697,095 510,148
Total assets less current liabilities 959,315 591,855

Creditors
Amounts falling due after more than one
year

7

(167,989

)

(55,076

)

Provisions for liabilities (63,778 ) (19,397 )
Net assets 727,548 517,382

Capital and reserves
Called up share capital 1 1
Retained earnings 727,547 517,381
727,548 517,382

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 29 August 2025 and were signed by:





M E Hewitson - Director


OAKTREE LIVING LIMITED (REGISTERED NUMBER: 13051877)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Oaktree Living 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.

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.

At the time of approving the financial statements, the directors have a reasonable expectation, that the company has adequate resources and support from the parent company, Hewitson Group Limited, to continue in operational existence for at lease the next twelve months.

The financial statements have been prepared under the going concern basis of accounting.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned entities within the group.

Critical accounting judgements and key sources of estimation uncertainty
The directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis.

Work-in-progress: forecasts are made on the outcomes of construction contracts which require assessments and judgements to be made on the recoverability of pre-contract costs, changes in the scope of work, contract programmes, defect liabilities and changes in costs.

The Company's revenue recognition policy is set out within the accounting policy for Turnover and is central to how the company values the work it has carried out in each financial year.

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

Contract revenue and contract costs are recognised as revenue and expenses by reference to the stage of completion at the reporting date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 12.5% on cost
Motor vehicles - 33% on reducing balance and 25% on reducing balance
Computer equipment - 33% on cost

OAKTREE LIVING LIMITED (REGISTERED NUMBER: 13051877)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Stocks
Work in progress for construction contracts is valued using the percentage completion method.

Non-contracted work in progress is valued using the lower of cost and net realisable value.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

OAKTREE LIVING LIMITED (REGISTERED NUMBER: 13051877)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 - 113,667 514 114,181
Additions 196,800 4,550 - 201,350
At 31 March 2025 196,800 118,217 514 315,531
DEPRECIATION
At 1 April 2024 - 31,960 514 32,474
Charge for year - 20,837 - 20,837
At 31 March 2025 - 52,797 514 53,311
NET BOOK VALUE
At 31 March 2025 196,800 65,420 - 262,220
At 31 March 2024 - 81,707 - 81,707

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 196,800 - 196,800
Reclassification/transfer - 111,900 111,900
At 31 March 2025 196,800 111,900 308,700
DEPRECIATION
Charge for year - 20,142 20,142
Reclassification/transfer - 31,332 31,332
At 31 March 2025 - 51,474 51,474
NET BOOK VALUE
At 31 March 2025 196,800 60,426 257,226

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 426,977 78,647
Amounts owed by group undertakings 15,762 636,330
Other debtors 172,280 204,941
615,019 919,918

OAKTREE LIVING LIMITED (REGISTERED NUMBER: 13051877)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Hire purchase contracts 60,610 25,124
Trade creditors 362,667 208,367
Amounts owed to group undertakings 1,381,493 3,215
Taxation and social security 39,743 140,150
Other creditors 369,886 1,003,730
2,214,399 1,380,586

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/25 31/3/24
£    £   
Hire purchase contracts 167,989 55,076

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/25 31/3/24
£    £   
Hire purchase contracts 228,599 80,200

The debts are secured via the assets which they have financed.

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

The Report of the Auditors was unqualified.

Karl Michael Gordon FCCA (Senior Statutory Auditor)
for and on behalf of Mitchell Gordon LLP

10. CONTINGENT LIABILITIES

A multilateral guarantee exists between Hewitson Limited, Hewitson Plant Hire Limited, Hewitson Haulage Ltd, HAB Northern Ltd, Oaktree Living Limited and Hewitson Plant Sales Limited dated 14th April 2014 in favour of HSBC Bank plc.

The total liability owed to HSBC at the year-end accross the group is £5,278,035.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Hewitson Group Ltd, a private company limited by shares registered in England and Wales. This is the largest and smallest group in which the company is included in the consolidation.

The registered office is the same as for Oaktree Living Limited and can be found on the company information page. Consolidated group accounts are prepared by the parent and be obtained from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.