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REGISTERED NUMBER: 02949414











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

LIFECARING HOLDINGS LIMITED

LIFECARING HOLDINGS LIMITED (REGISTERED NUMBER: 02949414)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022










Page

Balance sheet 1

Notes to the financial statements 3


LIFECARING HOLDINGS LIMITED (REGISTERED NUMBER: 02949414)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Investments 4 1,124,966 917,854

Current assets
Debtors 5 4,219 6,582
Cash at bank 153,927 237,927
158,146 244,509
Creditors
Amounts falling due within one year 6 1,800 1,679
Net current assets 156,346 242,830
Total assets less current liabilities 1,281,312 1,160,684

Provisions for liabilities 7 52,229 28,001
Net assets 1,229,083 1,132,683

Capital and reserves
Called up share capital 8 750 750
Fair value reserve 9 222,659 119,373
Capital redemption reserve 250 250
Retained earnings 1,005,424 1,012,310
Shareholders' funds 1,229,083 1,132,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

LIFECARING HOLDINGS LIMITED (REGISTERED NUMBER: 02949414)

BALANCE SHEET - continued
28 FEBRUARY 2022


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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2022 and were signed on its behalf by:




Mr M Gould - Director



Mrs T E Bungay - Director


LIFECARING HOLDINGS LIMITED (REGISTERED NUMBER: 02949414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022


1. Statutory information

Lifecaring Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02949414. The business address is 69 Addison Square, Ringwood, Hampshire, BH24 1NY and the registered office address is 7&8 Church Street, Wimborne, Dorset, BH21 1JH.

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 as modified by the revaluation of certain assets.

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2021 - 2 ) .

LIFECARING HOLDINGS LIMITED (REGISTERED NUMBER: 02949414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


4. Fixed asset investments
Other
investments
£   
Cost or valuation
At 1 March 2021 917,854
Additions 194,584
Disposals (114,986 )
Revaluations 127,514
At 28 February 2022 1,124,966
Net book value
At 28 February 2022 1,124,966
At 28 February 2021 917,854

Cost or valuation at 28 February 2022 is represented by:

Other
investments
£   
Valuation in 2021 147,374
Valuation in 2022 127,514
Cost 850,078
1,124,966

If investments had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 850,078 770,480

Investments were valued on an open market basis on 28 February 2022 by Hargreaves Lansdown .

5. Debtors: amounts falling due within one year
2022 2021
£    £   
Other debtors 457 2,900
Directors' current accounts 3,682 3,682
Prepayments 80 -
4,219 6,582

6. Creditors: amounts falling due within one year
2022 2021
£    £   
Accruals and deferred income 1,800 1,679

7. Provisions for liabilities
2022 2021
£    £   
Deferred tax 52,229 28,001

LIFECARING HOLDINGS LIMITED (REGISTERED NUMBER: 02949414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


7. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 March 2021 28,001
Charge to Income statement during year 24,228
Balance at 28 February 2022 52,229

8. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
750 Ordinary £1 750 750

9. Reserves
Fair
value
reserve
£   
At 1 March 2021 119,373
Revaluation of investments 127,514
Deferred tax on revaluation of investments (24,228 )

At 28 February 2022 222,659

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 28 February 2022 and 28 February 2021:

2022 2021
£    £   
Mr M Gould
Balance outstanding at start of year 3,682 3,682
Amounts advanced 3,682 3,682
Amounts repaid (3,682 ) (3,682 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,682 3,682

11. Ultimate controlling party

The company is controlled by the directors and secretary who between them own 100% of the issued share capital.