REGISTERED NUMBER: 04907778 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

OLDFIELD RESIDENTIAL CARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Kayiatou

S J Badland

REGISTERED OFFICE:

5 The Quadrant

Coventry

CV1 2EL

REGISTERED NUMBER:

04907778 (England and Wales)

AUDITORS:

Flint & Thompson

Statutory Auditors

2 Manor Square

Solihull

West Midlands

B91 3PX

FIXED ASSETS

Tangible assets

4

3,529,377

3,553,227

Investments

5

475,055

475,055

4,004,432

4,028,282

CURRENT ASSETS

Debtors: amounts falling due within one year

6

1,157,067

1,243,245

Debtors: amounts falling due after more than one year

6

1,284,139

1,211,133

Cash at bank

13,167

25,147

2,454,373

2,479,525

CREDITORS

Amounts falling due within one year

7

440,185

186,719

NET CURRENT ASSETS

2,014,188

2,292,806

TOTAL ASSETS LESS CURRENT LIABILITIES

6,018,620

6,321,088

CREDITORS

Amounts falling due after more than one year

8

(1,609,221

)

(1,985,181

)

PROVISIONS FOR LIABILITIES

(1,269,936

)

(1,197,327

)

NET ASSETS

3,139,463

3,138,580

CAPITAL AND RESERVES

Called up share capital

3,600

3,600

Retained earnings

3,135,863

3,134,980

SHAREHOLDERS' FUNDS

3,139,463

3,138,580

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 Board of Directors and authorised for issue on 19 October 2026 and were signed on its behalf by:

S J Badland - Director

1.	STATUTORY INFORMATION

Oldfield Residential Care 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

5% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

10% on reducing balance

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.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated depreciation and subsequent accumulate impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revalation decrease exceeds the accumulated regulation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

3,024,481

1,161,125

429,025

32,955

4,647,586

DEPRECIATION

At 1 April 2025

-

706,121

365,104

23,134

1,094,359

Charge for year

-

22,750

117

983

23,850

At 31 March 2026

-

728,871

365,221

24,117

1,118,209

NET BOOK VALUE

At 31 March 2026

3,024,481

432,254

63,804

8,838

3,529,377

At 31 March 2025

3,024,481

455,004

63,921

9,821

3,553,227

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2025

and 31 March 2026

475,055

NET BOOK VALUE

At 31 March 2026

475,055

At 31 March 2025

475,055

6.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

-

41,937

Amounts owed by group undertakings

-

44,242

Other debtors

1,157,067

1,157,066

1,157,067

1,243,245

Amounts falling due after more than one year:

Other debtors

1,284,139

1,211,133

Aggregate amounts

2,441,206

2,454,378

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 9)

191,799

235,548

Trade creditors

(1,642

)

(1,924

)

Amounts owed to group undertakings

243,626

-

Taxation and social security

-

(76,640

)

Other creditors

6,402

29,735

440,185

186,719

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 9)

1,609,221

1,985,181

2026

2025

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

841,221

1,042,989

9.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

191,799

235,548

Amounts falling due between one and two years:

Bank loans - 1-2 years

192,000

235,548

Amounts falling due between two and five years:

Bank loans - 2-5 years

576,000

706,644

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

841,221

1,042,989

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

4,535

22,751

Between one and five years

-

4,535

4,535

27,286

Lease expenditure of £22,751 (2025 - £27,783) was recognised in the year.

11.	SECURED DEBTS

Lloyds TSB Bank PLC holds fixed and floating charges over all the freehold property and undertaking of the group.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Haughton ACA, FCCA, MAAT (Senior Statutory Auditor)

for and on behalf of Flint & Thompson

13.	RELATED PARTY DISCLOSURES

At the year end the company was owed £1,157,066 from Oldfield Care Construction Limited (2025; £1,1157,066) a company under common control.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is S Badland and A Kayiatou.