Oakland Construction Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Oakland Construction Limited

Company Information

Directors

T Lee-Fox R Rosengren

Registered Office

The Old Bank High Street Hanham Bristol BS15 3EJ

Registered Number

02580271

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Oakland Construction Limited

(Registration number: 02580271)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	143,183	194,863
Current assets
Debtors	5	813,765	1,446,903
Cash at bank and in hand		2,717,331	2,548,639
		3,531,096	3,995,542
Creditors: Amounts falling due within one year	6	(1,452,186)	(2,257,749)
Net current assets		2,078,910	1,737,793
Total assets less current liabilities		2,222,093	1,932,656
Creditors: Amounts falling due after more than one year	6	(48,439)	(103,866)
Provisions for liabilities		(30,599)	(44,573)
Net assets		2,143,055	1,784,217
Capital and reserves
Called up share capital		100	100
Retained earnings		2,142,955	1,784,117
Shareholders' funds		2,143,055	1,784,217

Oakland Construction Limited

(Registration number: 02580271)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 October 2026 and signed on its behalf by:
 

......................................... T Lee-Fox Director

Oakland Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Bank
High Street
Hanham
Bristol
BS15 3EJ

These financial statements were authorised for issue by the Board on 9 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Oakland Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance
Office equipment	25% reducing balance
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Oakland Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Oakland Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Defined contribution pension obligation

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2025 - 15).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	16,573	9,745	26,404	196,527	249,249
Additions	-	995	10,461	17,288	28,744
Disposals	-	-	-	(50,900)	(50,900)
At 31 March 2026	16,573	10,740	36,865	162,915	227,093
Depreciation
At 1 April 2025	-	9,434	19,326	25,626	54,386
Charge for the year	-	140	2,764	31,127	34,031
Eliminated on disposal	-	-	-	(4,507)	(4,507)
At 31 March 2026	-	9,574	22,090	52,246	83,910
Carrying amount
At 31 March 2026	16,573	1,166	14,775	110,669	143,183
At 31 March 2025	16,573	311	7,078	170,901	194,863

Included within the net book value of land and buildings above is £16,573 (2025 - £16,573) in respect of freehold land and buildings.
 

Oakland Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5

Debtors

	Note	2026 £	2025 £
Trade debtors		332,510	150,483
Amounts owed by related parties	8	3,437	32,544
Prepayments and accrued income		394,763	1,181,922
Other debtors		83,055	81,954
		813,765	1,446,903

6

Creditors

Due within one year	Note	2026 £	2025 £
Hire purchase and finance lease liabilities		3,870	11,646
Trade creditors		475,130	338,918
Amounts owed to related parties	8	54	-
Taxation and social security		592,096	909,541
Accruals and deferred income		166,792	789,440
Other creditors		214,244	208,204
		1,452,186	2,257,749

 

	2026 £	2025 £
Due after one year
Hire purchase and finance lease liabilities	48,439	103,866

Hire purchase contracts are secured against the assets to which they relate.

7	Off-balance sheet commitments

At the year end the company had outstanding commitments for future minimum lease payments due under non-cancellable operating leases totalling £235,000 (2025 - £94,400).

Oakland Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8	Related party transactions

Loans to related parties

2026	Key management £	Other related parties £	Total £
At start of period	25,037	1,890	26,927
Advanced	609	938	1,547
Repaid	(25,037)	-	(25,037)
At end of period	609	2,828	3,437

2025	Key management £	Other related parties £	Total £
At start of period	60,000	901	60,901
Advanced	45,502	50,989	96,491
Repaid	(80,465)	(50,000)	(130,465)
At end of period	25,037	1,890	26,927

Terms of loans to related parties

Loans to key management are repayable on demand and interest is charged at the HMRC prevailing rate on loan balances that exceed £10,000.
 
Loans to other related parties are interest free and repayable on demand.

Loans from related parties

2026	Key management £	Total £
Advanced	54	54
At end of period	54	54

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.