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REGISTERED NUMBER: 03278983 (England and Wales)














KENSINGTON HEALTH CARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022






KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


KENSINGTON HEALTH CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTORS: Mrs J Walker
J R M Walker
P D M Walker





SECRETARY: D R C Munro





REGISTERED OFFICE: Old Charlton House
69 Baring Road
Cowes
Isle of Wight
PO31 8DW





REGISTERED NUMBER: 03278983 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
Rye
East Sussex
TN31 7LJ

KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,389,480 2,390,536
2,389,480 2,390,536

CURRENT ASSETS
Debtors 6 22,201 26,527
Cash at bank and in hand 225,027 278,703
247,228 305,230
CREDITORS
Amounts falling due within one year 7 203,657 208,373
NET CURRENT ASSETS 43,571 96,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,433,051

2,487,393

CREDITORS
Amounts falling due after more than one
year

8

(338,655

)

(396,446

)

PROVISIONS FOR LIABILITIES (4,469 ) (4,123 )
NET ASSETS 2,089,927 2,086,824

CAPITAL AND RESERVES
Called up share capital 11 175,152 175,152
Capital redemption reserve 424,848 424,848
Grant reserves 9,826 11,739
Retained earnings 1,480,101 1,475,085
SHAREHOLDERS' FUNDS 2,089,927 2,086,824

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.

KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2022 and were signed on its behalf by:





Mrs J Walker - Director


KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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


1. STATUTORY INFORMATION

Kensington Health Care Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 2006, was originally being amortised evenly over its estimated useful life of twenty years, but following an enquiry by H.M. Revenue & Customs this has been reduced to ten 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.
Freehold property - not provided
Improvements to property - 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

No depreciation is provided on freehold property used for the company's activities. It is the company's policy to maintain the property in a continuous state of sound repair and to extend and improve the properties from time to time, and accordingly, it is considered that the anticipated useful life of the property is such that any charge for depreciation would be insignificant.

Grant income recognition
Grant income has been recognised under the performance model. Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.


KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant reserves
The balance of grant reserves represents specified grant income received which has not yet been spent on qualifying expenditure at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2021 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2021
and 28 February 2022 250,000
AMORTISATION
At 1 March 2021
and 28 February 2022 250,000
NET BOOK VALUE
At 28 February 2022 -
At 28 February 2021 -

KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 March 2021 2,312,466 11,617 298,379
Additions - 1,154 17,846
Disposals - - -
At 28 February 2022 2,312,466 12,771 316,225
DEPRECIATION
At 1 March 2021 - 1,162 237,059
Charge for year - 1,277 15,832
Eliminated on disposal - - -
At 28 February 2022 - 2,439 252,891
NET BOOK VALUE
At 28 February 2022 2,312,466 10,332 63,334
At 28 February 2021 2,312,466 10,455 61,320

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2021 19,160 - 2,641,622
Additions - 299 19,299
Disposals (6,571 ) - (6,571 )
At 28 February 2022 12,589 299 2,654,350
DEPRECIATION
At 1 March 2021 12,865 - 251,086
Charge for year 3,147 99 20,355
Eliminated on disposal (6,571 ) - (6,571 )
At 28 February 2022 9,441 99 264,870
NET BOOK VALUE
At 28 February 2022 3,148 200 2,389,480
At 28 February 2021 6,295 - 2,390,536

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 20,235 23,537
Other debtors 1,966 2,990
22,201 26,527

KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 51,167 51,167
Trade creditors 10,310 18,509
Tax 8,901 16,771
Social security and other taxes 8,015 8,744
Pension contributions 3,968 1,949
Other creditors 1,617 849
Directors' current accounts 104,407 91,627
Accrued expenses 5,446 7,018
Deferred government grants 9,826 11,739
203,657 208,373

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 52,657 52,657
Bank loans - 2-5 years 167,348 167,348
Bank loans more than 5 years
by instalments 118,650 176,441
338,655 396,446

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 118,650 176,441
118,650 176,441

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 14,583 -
Between one and five years 58,840 -
In more than five years 29,968 -
103,391 -

KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 389,822 447,613

The bank loan is secured against the freehold property owned by the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
175,152 Ordinary £1 175,152 175,152