Oakhills_Residential_Limited_30_Apr_2025_companies_house_set_of

Oakhills Residential Homes Limited

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Oakhills Residential Homes Limited

Year ended

30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the

financial statements

Oakhills Residential Homes Limited

for the year ended

30 April 2025

which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of

Oakhills Residential Homes Limited

, as a body. My work has been undertaken solely to prepare for your approval the

financial statements

Oakhills Residential Homes Limited

and state those matters that I have agreed to state to the Board of Directors of

Oakhills Residential Homes Limited

, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than

Oakhills Residential Homes Limited

and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that

Oakhills Residential Homes Limited

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

Oakhills Residential Homes Limited

. You consider that

Oakhills Residential Homes Limited

is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Oakhills Residential Homes Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Tunstall Accounting Limited

The Wesley Centre

Blyth Road

Maltby

Rotherham

S66 8JD

United Kingdom

Date:

8 September 2025

Oakhills Residential Homes Limited

Statement of Financial Position

30 April 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	6	9,669		11,716
Current assets
Stocks		200		270
Debtors	7	117,788		116,356
Cash at bank and in hand		163,571		128,626
		281,559		245,252
Creditors: amounts falling due within one year	8	(99,443	)	(77,597	)
Net current assets		182,116		167,655
Total assets less current liabilities		191,785		179,371
Creditors: amounts falling due after more than one year	9	(25,506	)	(30,989	)
Net assets		166,279		148,382
Capital and reserves
Called up share capital		100		100
Profit and loss account		166,179		148,282
Shareholders funds		166,279		148,382

For the year ending

30 April 2025

, 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 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 financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

15 September 2025

, and are signed on behalf of the board by:

N Gray

Director

Company registration number:

05295728

Oakhills Residential Homes Limited

Notes to the Financial Statements

Year ended

30 April 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Harfleur Mill Road

Gringley-On-The-Hill

Doncaster

DN10 4RA

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services provided, net of discounts and Value Added Tax.

Revenue for services provided is recognised when the service is provided; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures and fittings

15% reducing balance

Impairment

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 stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

38.00

5 Intangible assets

	Goodwill
	£
Cost
At 1 May 2024 and 30 April 2025	20,000
Amortisation
At 1 May 2024 and 30 April 2025	20,000
Carrying amount
At 30 April 2025	-
At 30 April 2024	-

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 May 2024 and 30 April 2025	39,707
Depreciation
At 1 May 2024	27,991
Charge	2,047
At 30 April 2025	30,038
Carrying amount
At 30 April 2025	9,669
At 30 April 2024	11,716

7 Debtors

	2025	2024
	£	£
Trade debtors	19,139	17,365
Amounts owed by group undertakings and undertakings in which the company has a participating interest	95,019	95,019
Other debtors	3,630	3,972
	117,788	116,356

The debtors above include the following amounts falling due after more than one year:

	2025		2024
	£		£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	95,019		95,019

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,353	5,223
Trade creditors	10,234	3,709
Taxation and social security	21,072	11,082
Other creditors	62,784	57,583
	99,443	77,597

9 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans and overdrafts	25,506		30,989

10 Operating leases

	2025	2024
The company as lessee
	£	£
Not later than 1 year	8,038	7,161.00
Later than 1 year and not later than 5 years	32,154	35,806.00
Later than 5 years	670	14,322.00
	40,862	57,289

11 Directors' advances, credit and guarantees

At the balance sheet date, J Gray owed £264 to Oakhills Residential Homes Limited. At the start of the year, this balance was £576 and £312 was repaid during the year.

At the balance sheet date, E Gray owed £160 to Oakhills Residential Homes Limited. At the start of the year, this balance was £472 and £312 was repaid during the year.

12 Related party transactions

During the year the company entered into the following transactions with related parties:

	2025	2024
	£	£
Oakhills Residential Homes Limited paid rent to the holding company, Belgravia (Jem) Limited	310,000	394,040
Oakhills Residential Homes Limited paid consultancy fees to N Gray	8,300	5,500

13 Controlling party

Belgravia Two Limited, registered in England and Wales (company number 16121365) is the controlling party. Oakhills Residential Homes Limited is a wholly owned subsidiary of Belgravia (Jem) Limited, registered in England and Wales (company number 06523726), which is a wholly owned subsidiary of Belgravia Two Limited. The ultimate controlling partiy is N Gray, who holds 100% of the issued share capital in Belgravia Two Limited.