Oaktrees Healthcare Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07951935 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Oaktrees Healthcare Ltd

Trading as

Bonehill Lodge

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Saini

SECRETARY:

Mr P Saini

REGISTERED OFFICE:

62 Park Lane

Bonehill

Tamworth

West Midlands

B78 3HZ

REGISTERED NUMBER:

07951935 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

827,971

845,543

827,971

845,543

CURRENT ASSETS

Stocks

955

920

Debtors

6

733,733

943,067

Cash at bank and in hand

558,857

345,924

1,293,545

1,289,911

CREDITORS

Amounts falling due within one year

7

214,600

321,553

NET CURRENT ASSETS

1,078,945

968,358

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,906,916

1,813,901

CREDITORS

Amounts falling due after more than one
year

8

(354,003

)

(400,434

)

PROVISIONS FOR LIABILITIES

(9,170

)

(9,921

)

NET ASSETS

1,543,743

1,403,546

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

1,542,743

1,402,546

SHAREHOLDERS' FUNDS

1,543,743

1,403,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 23 December 2025 and were signed by:

Mr P Saini - Director

1.	STATUTORY INFORMATION

Oaktrees Healthcare Ltd 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.

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.

Turnover

Turnover is attributable solely to continuing operations and derives from activity that of operating residential rest home.

Goodwill

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It has not been written off over its estimated economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on reducing balance and 10% on cost

The property depreciation has been written off over its 50 years useful and economic life period.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 24 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 April 2024

and 31 March 2025

4

900

904

AMORTISATION

At 1 April 2024

and 31 March 2025

4

900

904

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

916,096

144,476

1,060,572

Additions

-

3,228

At 31 March 2025

916,096

147,704

1,063,800

DEPRECIATION

At 1 April 2024

116,461

98,568

215,029

Charge for year

10,661

10,139

20,800

At 31 March 2025

127,122

108,707

235,829

NET BOOK VALUE

At 31 March 2025

788,974

38,997

827,971

At 31 March 2024

799,635

45,908

845,543

6.

DEBTORS

31.3.25

31.3.24

£

Amounts falling due within one year:

Trade debtors

11,302

7,580

Other debtors

181,232

186,307

192,534

193,887

Amounts falling due after more than one year:

Amounts owed by associates

285,806

269,922

Other debtors

255,393

479,258

541,199

749,180

Aggregate amounts

733,733

943,067

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

72,466

Trade creditors

6,016

41,152

Taxation and social security

112,946

189,531

Other creditors

23,172

18,404

214,600

321,553

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

226,881

276,999

Amounts owed to associates

125,868

122,181

Other creditors

1,254

354,003

400,434

Amounts falling due in more than five years:

Repayable by instalments

Bank loan 5028 more 5 yr

226,881

276,999

Bank loan is secured on the freehold property owned by the company.

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

299,347

349,465

Bank loan is secured on the freehold property owned by the Company and cross guarantee and debenture between Croft Residential Limited, Oaktrees Heathcare (Finchfield) Limited and Oriel Healthcare Ltd.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr P Saini

Balance outstanding at start of year

479,258

263,872

Amounts advanced

-

215,386

Amounts repaid

(223,865

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

255,393

479,258

During the year, interest charges (using the average method) on Director's Loan Account overdrawn has been treated as benefit in Kind.

11.	RELATED PARTY DISCLOSURES

At the year end the company was owed £252,337(£241,879 - 2024) from Oriel Healthcare Limited. The amount is exclusive of interest charges of £9,884 (£10,458 - 2024) at 4% (4.00% - 2024) market rate. Both companies are related by virtue of common directors and shareholders.

At the year end the company was owed £3,033 (£3,025 - 2024) from Oaktrees Healthcare (Finchfield) Limited. The amount is exclusive of interest charges of £Nil (£Nil -2024). Both companies are related by virtue of common directors and shareholders.

At the year end the company was owed £26,940 (£25,018 - 2024) from Rectory Group Ltd (formerly known as Coton Healthcare Limited). The amount is exclusive of interest charges of £Nil (£Nil -2024). Both companies are related by virtue of common a director and shareholder.

At the year end the company owed £121,004 (£119,848 - 2024) to Croft Residential Limited. The amount is exclusive of interest charges of £4,863 (£2,333 - 2024) at 4% (Nil - 2024) market rate . Both companies are related by virtue of common a director and shareholder.

12.	ULTIMATE CONTROLLING PARTY

The control of the company is exercised by Saini Holdings Limited by virtue of his Shareholdings.