Oakwood House (UK) Ltd

	Page
Strategic Report	1
Director's Report	2
Independent Auditor's Report	3—4
Consolidated Profit and Loss Account	5
Consolidated Balance Sheet	6—7
Company Balance Sheet	8
Consolidated Statement of Changes in Equity	9
Consolidated Statement of Cash Flows	10
Notes to the Consolidated Statement of Cash Flows	11
Notes to the Financial Statements	12—20

The director presents his strategic report for the year ended 31 October 2025.

Review of the Business

The Group experienced a positive year, supported by strong demand for care services and continued investment in its people, properties and operational infrastructure. Shared services and central management oversight helped drive efficiencies while maintaining high standards of care across the Group.

Quality and People

The Group remains committed to delivering safe, compassionate and person-centred care. Continued investment in recruitment, training and employee wellbeing supported service quality and regulatory compliance throughout the year.

Principal Risks and Uncertainties

Key risks facing the Group include:

• Recruitment and retention of care staff.

• Rising employment and operating costs.

• Changes in regulation and funding arrangements.

• Economic conditions affecting the care sector.

• Increased financing costs.

The Director regularly reviews these risks and implements appropriate mitigation measures.

Future Developments

The Group's priorities for the coming year are to:

• Strengthen workforce recruitment and retention.

• Invest in digital systems and care technologies.

• Maintain high standards of quality and governance.

• Continue investing in care home facilities.

• Improve environmental sustainability.

• Enhance engagement with residents, families and communities.

Directors

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

Mr A Mahmood

The Director is pleased with the Group's progress during the year and remains confident in its future prospects. The Group is well positioned to continue delivering high-quality care while pursuing sustainable growth opportunities. The Director would like to thank all employees for their continued dedication and commitment.

On behalf of the board

Mr A Mahmood

Director

29th July 2026

Page 1

Page 2

Oakwood House (UK) Ltd

Company No. 08419630

Director's Report For The Year Ended 31 October 2025

Director's Report

The director presents his report and the financial statements for the year ended 31 October 2025.

Principal Activity

The group's principal activity continues to be that of residential care homes.

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 director consider them to be of strategic importance to the business.

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director 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 the group and of the profit or loss of the group for that period. In preparing the financial statements the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is 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 Director's Report is approved:

so far as the director is aware, there is no relevant audit information of which the company and group'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 and group's auditors are aware of that information.

Independent Auditors

The auditors, PKW LLP Chartered Accountants , have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr A Mahmood

Director

29th July 2026

Page 2

Page 3

Independent Auditor's Report

to the Members of

Oakwood House (UK) Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of Oakwood House (UK) Ltd (the "parent company") and its subsidiaries (the "group") for the year ended 31 October 2025 which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes of Equity, Company Statement of Changes of Equity, Consolidated 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 group's and of the parent company's affairs as at 31 October 2025 and of the group's 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 group and parent 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 director's 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 group and parent company'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 director is 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 Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the group and parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
the parent company financial statements are not in agreement with the accounting records or returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Page 3

Page 4

Independent Auditor's Report (continued)

to the Members of

Oakwood House (UK) Ltd

Responsibilities of Directors

As explained more fully in the Director's Responsibilities Statement set out on page 2, the director is 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 director 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 director is responsible for assessing the group and parent 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 group or the parent 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:

-The Company is subject to many laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements. We identified the following laws and regulations as the most likely to have a material effect if noncompliance were to occur; financial reporting legislation, tax legislation, anti-bribery legislation and employment law as well as industry specific legislation;

-We communicated relevant laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit;

-We understood how the Company is complying with those legal regulatory frameworks by making enquiries of management. We corroborated our enquires through our review of management minutes and certain other procedures;

-Based on the results of our risk assessment we designed further audit procedures to identify non-compliance with such laws and regulations identified above. Our procedures involved journal entry testing, with a focus on journals meeting our defined risk criteria based on our understanding of the business and enquiries of management;

-These audit procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error and detecting irregularities that result from fraud is inherently more difficult than detecting those that result from error, as fraud may involve collusion, deliberate concealment, forgery or intentional misrepresentations. Also, the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it;

-Assessment of the appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagement team’s:

-understanding of, and practical experience with audit engagements of a similar nature and complexity through appropriate training and participation,

-knowledge of the industry in which the client operate,

-understanding of the legal and regulatory requirements specific to the entity including the provisions of the applicable legislation, the regulators rules and related guidance, including guidance issued by relevant authorities that interpret those rules and the applicable statutory provisions,

-In assessing the potential risks of material misstatement, we obtained an understanding of: the Company’s operations, including the nature of their revenue sources, products and services and of its objectives and strategies to understand the classes of transactions, account balances, expected financial statement disclosures and business risks that may result in risks of material misstatement

-the Company’s control environment, including the policies and procedures implemented to comply with the requirements of its regulator, including the adequacy of the training to inform staff of the relevant legislation, rules and other regulations of the regulator, the adequacy of procedures for authorisation of transactions, internal review procedures over the entity’s compliance with regulatory requirements, the authority of, and resources available and procedures to ensure that possible breaches of requirements are appropriately investigated and reported.

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.

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.

Michael J Pickup (Senior Statutory Auditor)

for and on behalf of PKW LLP Chartered Accountants , Statutory Auditor

29th July 2026

Page 4

Page 5

Oakwood House (UK) Ltd

Consolidated Profit and Loss Account

For The Year Ended 31 October 2025

Consolidated Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		7,362,621	6,313,086
Cost of sales		(4,919,982 )	(4,195,665 )

GROSS PROFIT		2,442,639	2,117,421

Administrative expenses		(952,747 )	(736,401 )
Other operating income		97,729	105,577

OPERATING PROFIT	4	1,587,621	1,486,597
Fair value gains on investment properties		859,954	-
Income from other fixed asset investments		60	147
Profit on disposal of fixed assets		1,664	39,000
Other interest receivable and similar income	9	64,409	86,663
Interest payable and similar charges	10	(330,622 )	(274,507 )

PROFIT BEFORE TAXATION		2,183,086	1,337,900
Tax on Profit	11	(460,597 )	(245,184 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		1,722,489	1,092,716

The notes on pages 11 to 20 form part of these financial statements.

Page 5

Page 6

Oakwood House (UK) Ltd

Consolidated Balance Sheet

As At 31 October 2025

Consolidated Balance Sheet

Registered number: 08419630

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	12		-		(342,183 )
Tangible Assets	13		9,786,111		8,917,405
Investment Properties	14		1,349,763		-

			11,135,874		8,575,222
CURRENT ASSETS
Debtors	15	2,207,014		1,861,349
Investments	16	2,478		2,478
Cash at bank and in hand		2,109,860		3,314,997

		4,319,352		5,178,824
Creditors: Amounts Falling Due Within One Year	17	(2,802,469 )		(2,846,658 )

NET CURRENT ASSETS (LIABILITIES)			1,516,883		2,332,166

TOTAL ASSETS LESS CURRENT LIABILITIES			12,652,757		10,907,388

Creditors: Amounts Falling Due After More Than One Year	18		(3,278,614 )		(3,311,935 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	21		(180,400 )		-

NET ASSETS			9,193,743		7,595,453

CAPITAL AND RESERVES
Called up share capital	23		400		400
Share premium account			3,737,259		3,737,259
Fair value reserve			235,627		-
Profit and Loss Account			5,220,457		3,857,794

SHAREHOLDERS' FUNDS			9,193,743		7,595,453

Page 6

Page 7

Oakwood House (UK) Ltd

Consolidated Balance Sheet (continued)

As At 31 October 2025

On behalf of the board

Mr A Mahmood

Director

29th July 2026

The notes on pages 11 to 20 form part of these financial statements.

Page 7

Page 8

Oakwood House (UK) Ltd

Company Balance Sheet

As At 31 October 2025

Company Balance Sheet

Registered number: 08419630

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments			2,290,836		2,290,836

			2,290,836		2,290,836
CURRENT ASSETS
Debtors	15	3,492,899		1,882,899
Cash at bank and in hand		1,632,645		2,988,661

		5,125,544		4,871,560
Creditors: Amounts Falling Due Within One Year	17	(1,620,351 )		(2,280,572 )

NET CURRENT ASSETS (LIABILITIES)			3,505,193		2,590,988

TOTAL ASSETS LESS CURRENT LIABILITIES			5,796,029		4,881,824

NET ASSETS			5,796,029		4,881,824

CAPITAL AND RESERVES
Called up share capital	23		400		400
Share premium account			3,737,259		3,737,259
Profit and Loss Account			2,058,370		1,144,165

SHAREHOLDERS' FUNDS			5,796,029		4,881,824

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's profit for the year was £ 1,038,405 (2024: £ 1,115,067 profit).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Mahmood

Director

29th July 2026

The notes on pages 11 to 20 form part of these financial statements.

Page 8

Page 9

Oakwood House (UK) Ltd

Consolidated Statement of Changes in Equity

For The Year Ended 31 October 2025

Consolidated Statement of Changes in Equity

	Share Capital	Share Premium	Fair value reserve	Profit and Loss Account	Total
	£	£	£	£	£
As at 1 November 2023	400	3,737,259	-	2,889,078	6,626,737
Profit for the year and total comprehensive income	-	-	-	1,092,716	1,092,716

Dividends paid	-	-	-	(124,000)	(124,000)

As at 31 October 2024 and 1 November 2024	400	3,737,259	-	3,857,794	7,595,453


Profit for the year and total comprehensive income	-	-	-	1,722,489	1,722,489

Dividends paid	-	-	-	(124,200)	(124,200)
Movements in fair value reserve	-	-	235,627	-	235,627
Transfer to/from Fair value reserve	-	-	-	(235,626)	(235,626)

As at 31 October 2025	400	3,737,259	235,627	5,220,457	9,193,743

Page 9

Page 10

Oakwood House (UK) Ltd

Consolidated Statement of Cash Flows

For The Year Ended 31 October 2025

Consolidated Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,107,492	1,951,222
Interest paid		(330,622 )	(260,801 )
Tax paid		(373,706 )	(198,002 )

Net cash generated from operating activities		403,164	1,492,419

Cash flows from investing activities
Purchase of tangible assets		(1,465,778 )	(1,227,000 )
Proceeds from disposal of tangible assets		6,500	150,000
Interest received		64,409	86,663
Dividends received		60	147

Net cash used in investing activities		(1,394,809 )	(990,190 )

Cash flows from financing activities
Equity dividends paid		(124,200 )	(124,000 )
Proceeds from new bank borrowings		-	3,400,000
Repayment of bank borrowings		(66,213 )	(980,801 )
Repayment of finance leases		(8,412 )	(8,412 )
Amount introduced by directors		85,333	5,391
Amount withdrawn by directors		(100,000)	-

Net cash (used in)/generated from financing activities		(213,492 )	2,292,178



(Decrease)/increase in cash and cash equivalents		(1,205,137 )	2,794,407
Cash and cash equivalents at beginning of year	2	3,314,997	520,590

Cash and cash equivalents at end of year	2	2,109,860	3,314,997

Page 10

Page 11

Oakwood House (UK) Ltd

Notes to the Consolidated Statement of Cash Flows

For The Year Ended 31 October 2025

Notes to the Consolidated Statement of Cash Flows

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

	2025	2024
	£	£
Profit for the financial year	1,722,489	1,092,716
Adjustments for:
Tax on profit	460,597	245,184
Interest expense	330,622	260,801
Interest income	(64,409 )	(86,663 )
Income from investments	(60)	(147)
Amortisation of intangible assets	(342,183 )	(342,182 )
Depreciation of tangible assets	136,407	141,323
Profit on disposal of tangible assets	(1,664)	(39,000)
Net fair value gains recognised in profit or loss	(859,954)	-
Movements in working capital:
Increase in trade and other debtors	(356,896 )	(460,771 )
Increase in trade and other creditors	82,543	1,139,961

Net cash generated from operations	1,107,492	1,951,222

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	2,109,860	3,314,997

3. Analysis of changes in net debt

	As at 1 November 2024	Cash flows	New finance leases	As at 31 October 2025
	£	£	£	£
Cash at bank and in hand	3,314,997	(1,205,137)	-	2,109,860
Finance leases	(9,814)	8,412	(33,980)	(35,382)
Debts falling due within one year	(72,926 )	11,641	-	(61,285 )
Debts falling due after more than one year	(3,310,533)	54,572	-	(3,255,961)

	(78,276)	(1,130,512)	(33,980)	(1,242,768)

Page 11

Page 12

Oakwood House (UK) Ltd

Notes to the Financial Statements

For The Year Ended 31 October 2025

Notes to the Financial Statements

1. General Information

Oakwood House (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08419630 . The registered office is 75/77 Drake Street, Rochdale , OL16 1SB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Basis Of Consolidation

The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 October 2025.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.

Any subsidiary undertakings sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.

Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.

Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.

2.3. Business Combinations

Business combinations are accounted for by applying the purchase method.

The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.

Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.

On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.

Page 12

Page 13

Oakwood House (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services

Turnover is recognised on a straight-line basis over the period to which the care is provided, being the most appropriate measure of the stage of completion of a continuous service, since the level of service provided does not vary materially from day to day.

Fees are recognised in the accounting period in which the resident occupies the bed and receives care, irrespective of the invoicing date or the timing of cash receipt.

Where fees are invoiced in advance of the period to which they relate, the element relating to future periods is deferred and included within accruals and deferred income (a contract liability) at the reporting date.

Where care has been provided but not yet invoiced at the reporting date, the corresponding income is accrued (accrued income) based on the number of days of care provided and the contracted daily/weekly rate.

2.5. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the excess of the cost of a business combination over the fair value of the group’s share of the identifiable net assets, liabilities and contingent liabilities acquired.

Goodwill arising on the acquisition of subsidiaries is included in Intangible Assets. Goodwill arising on the acquisition of associates and joint ventures is included in the related equity accounted investment value.

Goodwill is amortised over its expected useful life which is estimated to be 10 years.

Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the profit and loss account. No reversals of impairment are recognised.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	10% on cost

2.7. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.8. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the group. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.9. 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.

Page 13

Page 14

Oakwood House (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.10. 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 group'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. Other Operating Income

	2025	2024
	£	£
Rental income	97,683	95,841
Other operating income	46	9,736

	97,729	105,577

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	61,902	-
Depreciation of tangible fixed assets	136,407	141,323
Amortisation of intangible fixed assets	(342,183 )	(342,182 )

5. Auditor's Remuneration

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

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	15,826	14,640

Page 14

Page 15

Oakwood House (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Staff Costs

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

	2025	2024
	£	£
Wages and salaries	4,097,248	3,518,975
Social security costs	377,723	251,218
Other pension costs	78,706	63,589

	4,553,677	3,833,782

7. Average Number of Employees

Group

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

	2025	2024
Directors	2	2
Other staff	201	183

	203	185

Company

Average number of employees, including directors, during the year was: 1 (2024: 1)

8. Director's remuneration

	2025	2024
	£	£
Emoluments	25,479	24,801
Company contributions to money purchase pension schemes	18,500	12,000

	43,979	36,801

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	64,409	86,663
Dividends from other fixed asset investments - listed	60	147

	64,469	86,810

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	329,521	271,840
Finance charges payable under finance leases and hire purchase contracts	1,101	1,101
Other finance charges	-	1,566

	330,622	274,507

Page 15

Page 16

Oakwood House (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	268,966	263,550
Deferred Tax
Deferred taxation			191,631	(18,366 )


Total tax charge for the period			460,597	245,184

The actual charge 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:

	2025	2024
	£	£
Profit before tax	2,183,086	1,337,900

Tax on profit at 25% (UK standard rate)	460,492	249,055
Expenses not deductible for tax purposes	21,052	35,331
Capital allowances	(10,209 )	(10,893 )
Short term timing differences	191,631	(18,366 )
Dividends from companies	(15 )	(37 )
Rollover relief on profit on disposal of fixed assets	(416 )	(9,750 )
Revenue exempt from taxation	(201,938 )	-
Current tax from unrecognised timing difference from a prior period	-	(156 )

Total tax charge for the period	460,597	245,184

12. Intangible Assets

Group

	Goodwill
	£
Cost
As at 1 November 2024	(1,710,913 )

As at 31 October 2025	(1,710,913 )

Amortisation
As at 1 November 2024	(1,368,730 )
Provided during the period	(342,183 )

As at 31 October 2025	(1,710,913 )

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	(342,183 )

Company

The company had no intangible fixed assets as at 31 October 2025 or 31 October 2024.

Page 16

Page 17

Oakwood House (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

13. Tangible Assets

Group

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost or Valuation
As at 1 November 2024	9,867,762	80,155	513,072	10,460,989
Additions	1,436,788	62,970	-	1,499,758
Disposals	-	(15,475 )	-	(15,475 )
Transfers	(591,821 )	-	-	(591,821 )

As at 31 October 2025	10,712,729	127,650	513,072	11,353,451

Depreciation
As at 1 November 2024	1,095,171	51,584	396,829	1,543,584
Provided during the period	96,884	16,208	23,315	136,407
Disposals	-	(10,639 )	-	(10,639 )
Transfers	(102,012 )	-	-	(102,012 )

As at 31 October 2025	1,090,043	57,153	420,144	1,567,340

Net Book Value
As at 31 October 2025	9,622,686	70,497	92,928	9,786,111

As at 1 November 2024	8,772,591	28,571	116,243	8,917,405

Company

The company had no tangible fixed assets as at 31 October 2025 or 31 October 2024.

14. Investment Property

Group

	2025
	£
Fair Value
As at 1 November 2024	-
Revaluations	757,942
Transfers	591,821

As at 31 October 2025	1,349,763

Company

The company had no investment property as at 31 October 2025 or 31 October 2024.

Page 17

Page 18

Oakwood House (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

15. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Due within one year
Trade debtors	264,942	307,431	-	-
Amounts owed by group undertakings	-	-	2,942,899	1,882,899
Amounts owed by participating interests	1,904,152	1,499,007	550,000	-
Other debtors	37,920	54,911	-	-

	2,207,014	1,861,349	3,492,899	1,882,899

16. Current Asset Investments

	2025	2024
	£	£
Listed investments	2,478	2,478

17. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Net obligations under finance lease and hire purchase contracts	12,729	8,412	-	-
Trade creditors	247,536	200,099	-	-
Bank loans and overdrafts	61,285	72,926	-	-
Amounts owed to group undertakings	-	-	1,395,712	2,065,712
Amounts owed to participating interests	1,616,572	1,629,868	-	-
Other creditors	616,486	605,698	207,517	172,184
Corporation tax	158,966	263,706	12,802	38,356
Taxation and social security	77,080	54,133	-	-
Accruals and deferred income	11,815	11,816	4,320	4,320

	2,802,469	2,846,658	1,620,351	2,280,572

18. Creditors: Amounts Falling Due After More Than One Year

	Group
	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	22,653	1,402
Bank loans	3,255,961	3,310,533

	3,278,614	3,311,935

Of the creditors the following amounts are secured.

Page 18

Page 19

Oakwood House (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

19. Loans

An analysis of the maturity of loans is given below:

	Group
	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	61,285	72,926

	Group
	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	3,255,961	3,310,533

20. Obligations Under Finance Leases and Hire Purchase

	Group
	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	12,729	8,412
Later than one year and not later than five years	22,653	1,402

	35,382	9,814

	35,382	9,814

21. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	180,400	(11,231)

22. Provisions for Liabilities

Group
	Deferred Tax	Total
	£	£
As at 1 November 2024	(11,231 )	(11,231)
Deferred taxation	191,631	191,631

Balance at 31 October 2025	180,400	180,400

23. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	400	400

Page 19

Page 20

Oakwood House (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

24. Pension Commitments

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

During the year the charge to the profit and loss account in respect of defined contribution schemes was £78,706 (2024: £63,589).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

25. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	124,200	124,000

26. Related Party Disclosures

Included within debtors are balances owed to Rochemont Limited of £1,099,152 (2024: £1,044,007); Rochcare (Lancs) Limited of £150,000 (2024: £150,000); Roche Construction Ltd of £105,000 (2024: £105,000) and Roche Property Group Limited of £550,000 (2024: £Nil). All companies in which A Mahmood and T Mahmood are directors and/or shareholders. The balanaces are unsecured, interest free and repayable on demand.

Included within creditrs due within one year is a balance due to Rochecare Homes Limited, a company in which A Mahmood and T Mahmood are directors and/or shareholders of £1,554,868 (2024: £1,629,868).

Page 20