REGISTERED NUMBER: 05887264 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

OAKRIDGE CARE HOMES LTD

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

15,000

15,000

Tangible assets

5

105,837

109,369

120,837

124,369

CURRENT ASSETS

Debtors

227,100

227,100

Cash at bank and in hand

13,936

8,021

241,036

235,121

CREDITORS

Amounts falling due within one year

85,040

138,742

NET CURRENT ASSETS

155,996

96,379

TOTAL ASSETS LESS CURRENT LIABILITIES

276,833

220,748

CREDITORS

Amounts falling due after more than one year

6

(162,888

)

(113,764

)

PROVISIONS FOR LIABILITIES

(3,335

)

(3,985

)

NET ASSETS

110,610

102,999

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

110,410

102,799

SHAREHOLDERS' FUNDS

110,610

102,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 August 2025 and were signed on its behalf by:

Gurbaksh Khera - Director

1.	STATUTORY INFORMATION

Oakridge Care Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05887264

Registered office:

Melbourne House

23-25 Earlsdon Avenue South

Earlsdon

Coventry

West Midlands

CV5 6DU

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 2 ).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2024

and 28 February 2025

15,000

NET BOOK VALUE

At 28 February 2025

15,000

At 29 February 2024

15,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2024

and 28 February 2025

221,921

DEPRECIATION

At 1 March 2024

112,552

Charge for year

3,532

At 28 February 2025

116,084

NET BOOK VALUE

At 28 February 2025

105,837

At 29 February 2024

109,369

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bounce Bank Loan Account

31,930

37,863

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

Lakhwinder Singh Khera and Gurbaksh Khera

Balance outstanding at start of year

(75,901

)

(171,284

)

Amounts advanced

221,537

97,383

Amounts repaid

(276,594

)

(2,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(130,958

)

(75,901

)

Dividends issued during the year = £1,000 (£2.000 in 2024)

8.	ULTIMATE CONTROLLING PARTY

Ultimate controlling parties are Mr Lakhwinder Singh Khera and Mrs Gurbaksh Kaur Khera.