Oakdean Construction Limited

	Page
Company Information	1
Strategic Report	2
Directors' Report	3—4
Independent Auditor's Report	5—7
Profit and Loss Account	8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Statement of Cash Flows	12
Notes to the Statement of Cash Flows	13
Notes to the Financial Statements	14—20

Page 1

Page 2

Strategic Report

For The Year Ended 31 March 2025

Strategic Report

The directors present their strategic report for the year ended 31 March 2025.

Review of the Business

During the year, the company completed two projects, with Turnover of £1,399,821 (2024 £5,251,161). This produced a Profit Before Tax of £422,616 (2024 £94,723). The coming year will see Turnover of £5m, which is expected to be profitable.

Principal Risks and Uncertainties

The principal risks to the company are the state of the commerical and residential construction market in London and the South East.

By order of the board

Mr S J Hocking

Company Secretary

19th November 2025

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Oakdean Construction Limited

Company No. 09707270

Directors' Report For The Year Ended 31 March 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal Activity

The company's principal activity continues to be that of new build contractors in London and the South East.

Dividends

No dividends will be distributed for the year ended 31 March 2025.

Directors

The directors who held office during the year were as follows:

Mr D M South
Mr A S Groves
Mr I L Mann	Resigned	31/10/2024
Mr D J Butler	Resigned	28/06/2024

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Oakdean Construction Limited

Directors' Report (continued)

For The Year Ended 31 March 2025

Independent Auditors

The auditors, Stephen Hill Partnership (Holdings) Ltd , have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

By order of the board

Mr S J Hocking

Company Secretary

19th November 2025

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Independent Auditor's Report

to the Members of

Oakdean Construction Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Oakdean Construction Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Oakdean Construction Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3—4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion..

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities; and

- discussed any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rational behind significant or unusual transactions.

In response to the risks of irregularities and non-compliance with laws and regulations, we designed procedures which include, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC or any other relevant regulators.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any material misstatement that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Oakdean Construction Limited

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr L A Clifton (Senior Statutory Auditor)

for and on behalf of Stephen Hill Partnership (Holdings) Ltd , Statutory Auditor

19th November 2025

Stephen Hill Partnership (Holdings) Ltd

Registered Auditors

139-141 Watling Street

Gillingham

Kent

ME7 2YY

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Oakdean Construction Limited

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		1,399,821	5,251,161
Cost of sales		(757,520 )	(4,657,407 )

GROSS PROFIT		642,301	593,754

Distribution costs		-	-
Administrative expenses		(218,758 )	(498,315 )
Other operating income		-	-

OPERATING PROFIT	4	423,543	95,439
Interest payable and similar charges	9	(927 )	(716 )

PROFIT BEFORE TAXATION		422,616	94,723
Tax on Profit	10	(4,229 )	425

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		418,387	95,148

The notes on pages 13 to 20 form part of these financial statements.

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Oakdean Construction Limited

Statement of Comprehensive Income

For The Year Ended 31 March 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	418,387	95,148
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	418,387	95,148

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Oakdean Construction Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	11		797		1,689

			797		1,689
CURRENT ASSETS
Debtors	12	1,044,046		3,952,532
Cash at bank and in hand		416,582		-

		1,460,628		3,952,532
Creditors: Amounts Falling Due Within One Year	13	(8,867,417 )		(11,778,377 )

NET CURRENT ASSETS (LIABILITIES)			(7,406,789 )		(7,825,845 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(7,405,992 )		(7,824,156 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	14		(199 )		(422 )

NET LIABILITIES			(7,406,191 )		(7,824,578 )

CAPITAL AND RESERVES
Called up share capital	16		20,000		20,000
Profit and Loss Account			(7,426,191 )		(7,844,578 )

SHAREHOLDERS' FUNDS			(7,406,191)		(7,824,578)

On behalf of the board

Mr D M South

Director

19th November 2025

The notes on pages 13 to 20 form part of these financial statements.

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Oakdean Construction Limited

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	20,000	(7,939,726 )	(7,919,726)
Profit for the year and total comprehensive income	-	95,148	95,148

As at 31 March 2024 and 1 April 2024	20,000	(7,844,578 )	(7,824,578)


Profit for the year and total comprehensive income	-	418,387	418,387

As at 31 March 2025	20,000	(7,426,191 )	(7,406,191)

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Oakdean Construction Limited

Statement of Cash Flows

For The Year Ended 31 March 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	431,580	64,493
Interest paid		(927 )	(716 )

Net cash generated from operating activities		430,653	63,777



Increase in cash and cash equivalents		430,653	63,777
Cash and cash equivalents at beginning of year	2	(14,071 )	(77,848 )

Cash and cash equivalents at end of year	2	416,582	(14,071 )

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Oakdean Construction Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 March 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	418,387	95,148
Adjustments for:
Tax on profit	4,229	(425 )
Interest expense	927	716
Depreciation of tangible assets	892	1,700
Movements in working capital:
Decrease/(increase) in trade and other debtors	2,908,486	(971,518 )
(Decrease)/increase in trade and other creditors	(2,901,341 )	938,872

Net cash generated from operations	431,580	64,493

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	416,582	-
Overdraft facilities repayable on demand	-	(14,071 )

Cash and cash equivalents as stated in the Statement of Cash Flows	416,582	(14,071)

3. Analysis of changes in net (debt)/funds

	As at 1 April 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	-	416,582	416,582
Overdraft facilities repayable on demand	(14,071)	14,071	-

Cash and cash equivalents	(14,071 )	430,653	416,582

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Oakdean Construction Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Oakdean Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09707270 . The registered office is Unit 12, The Oaks Revenge Road, Lordswood, Chatham, Kent, ME5 8LF.

The financial statements are prepared in Pounds Sterling (£), which is the funcutional currency of the company. Monetary amounts in these financial statments are rounded to the nearest £1.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

Going Concern

At the time of approving the financial statments, the directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the Going Concern basis of accounting in preparing the financial statements. This basis may not be appropriate because the company has, at 31 March 2025, net liabilities of £7,406,191 (2024: £7,824,578). The validity of the Going Concern basis is dependent upon the continued support of the parent company and directors.

3.2. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates in

the 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. Revisions to the accounting estimates

are recognised in the period in which the estimate is revised where the revision affects only that period, or in the

period of the revision and future periods where the revision affects both current and future periods.

The following judgements have had the most significant effect on amounts recognised in the financial statments:

Recoverability and profit margins on long term contracts

Profit recognition on long term contracts is based on an assessment of the overall profitability forecast on individual

contracts. Losses are recognised as soon as they are foreseen. Profits are recognised by the directors when the

outcome of the contract can be assessed with reasonable certainty. The profit recognised reflects that part of the total

profit currently estimated to arise over the duration of the contract that fairly represents the profit attributable to work

performed at the reporting end date.

Whilst the directors excercise due care and attention to make reasonable estimates, taking into account all available

information, the estimate will, in all likelihood, differ from the actual achieved profit margins in future periods and

these differences may, in certian circumstatnces, be very significant

The company develops high-end residential and commericial properties. The success of the developments depend on

short-term variability of the property market an economic factors which affect demand. As a result it is necessary to

consider the recoverability of work in progress and the associated provisioning required. When calculating the

provision, management considers the nature, state and location of the development, as well as applying assumptions

around anticipated market and economic conditions affecting the recoverability of the works in progress.

3.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Consturction Contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Stage of completion is measured by reference to either costs to date against total expected contract costs or work certified to date against total contract price, whichever method is deemed the most reliable.

When it is probable that total contract costs will exceed turnover, the expected loss is recognised as an expense immediately.

...CONTINUED

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Oakdean Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3.3. Turnover - continued

Where the outcome of a contract cannot be estiminated reliably, contract costs are recognised as expenese in the period in which they are incurred and contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable.

3.4. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures & Fittings

25% on cost

Tangible fixed assets 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.

Tangible fixed assets are assessed for impairment at each reporting date. If tangible fixed assets are impaired, the carrying amount is reduced to its recoverable amount and the impairment loss is recognised in the profit and loss in the period it is reported.

3.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.6. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

3.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3.8. Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Oakdean Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3.10. Debtors

Short term debtors are measured at transaction price, less any impairments for bad and doubtful debts.

3.11. Prepayments

Prepayments consist of expenses paid in advance.

3.12. Creditors

Short term creditors are measured at the transaction price. Long term creidtors are initally recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. After initial recognition, they will be measured at amortised costs using the effective interest rare method. The effective interest amortisation is included within finance costs.

Provisons

Provisions are recognised when the comapny has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration requred to settle the present obligation at the reporting end date, taking into account the risks and uncertainites surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period which it relates.

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	892	1,700

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	7,202	11,702

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	119,422	302,634
Social security costs	8,480	51,653
Other pension costs	4,815	15,519

	132,717	369,806

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Oakdean Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	-	2
Directors	2	2
Surveyors	-	2
Site staff	-	3

	2	9

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	113,983	195,000
Company contributions to money purchase pension schemes	3,750	9,000

	117,733	204,000

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	74,284	97,500
Company contributions to money purchase pension schemes	2,625	4,500

	76,909	102,000

9. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	266	616
Other finance charges	661	100

	927	716

10. Tax on Profit

	Tax Rate		2025	2024
The tax charge/(credit) on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	-	4,452	-
Deferred Tax
Deferred taxation			(223 )	(425 )


Total tax charge for the period			4,229	(425 )


The actual charge/(credit) for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

...CONTINUED

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Oakdean Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

	2025	2024
	£	£
Profit before tax	422,616	94,723

Tax on profit at 25% (UK standard rate)	105,654	23,681
Expenses not deductible for tax purposes	26	365
Tax losses utilised	(101,382 )	(24,471 )
Capital allowances	223	425
Short term timing differences	(223 )	(425 )
Difference in tax rates	(69 )	-

Total tax charge for the period	4,229	(425)

11. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	3,570

As at 31 March 2025	3,570

Depreciation
As at 1 April 2024	1,881
Provided during the period	892

As at 31 March 2025	2,773

Net Book Value
As at 31 March 2025	797

As at 1 April 2024	1,689

12. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	838,517	3,864,011
Amounts owed by group undertakings	200,000	-
Other debtors	5,529	88,521

	1,044,046	3,952,532

13. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	490,305	1,237,957
Bank loans and overdrafts	-	14,071
Amounts owed to group undertakings	8,365,159	10,508,815
Other creditors	7,501	9,684
Corporation tax	4,452	-
Taxation and social security	-	7,850

	8,867,417	11,778,377

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Oakdean Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

The bank hold an inter-company guarantee over all group companies.

14. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	199	422

15. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	422	422
Reversals	(223 )	(223)

Balance at 31 March 2025	199	199

16. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
10,000 Ordinary Shares of £ 1.00 each	10,000	10,000
10,000 Ordinary B shares of £ 1.00 each	10,000	10,000

	20,000	20,000

The prescribed particulars of the ordiany share capital in issue allows equal rights to dividends, voting a return of capital in the event the company is wound up.

The presecribed particulars of th ordianry 'B' share capital in issue does not allow for voting rights but does allow for equal rights to dividends and return of capital in the event the company is wound up.

17. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to profit or loss in respect of defined contribution schemes was £4,815 (2024: £15,519).

18. Related Party Disclosures

The company paid managemnt charges to its related parties as follows:

	Managment
	charge
	£
Faithdean Plc	21,250

The company was charged rent and traded with its related parties during the year as follow:

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Oakdean Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

	Rent	Sales	Purchase
	£	£	£
Faithdean Plc	9,000	3,945,673	81,527
Faithdean Special Works Ltd		200,000

The company had intra-group trading and loan balances at 31 March 2025 with its related parties as follows:

	Asset	Liability
	£	£
Faithdean Plc	183,446	9,166,882

19. Controlling Parties

The immediate parent company is Faithdean Plc, a company registered in England and Wales, and the ultimate holding company is Faithdean Holdings Limited, a company registered in England and Wales.

Faithdean Holdings Limtied preapres group financial statments and copies can be obtained from Unit 12, The Oaks, Revenge Road, Lordswood, Chatham, Kent, ME5 8LF.

In the opinion of the directors, the ultimate contracting party is Mr D M South, a director of the company, who holds more than 50% of the voting rights in Faithdean Holdings Limited.

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