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REGISTERED NUMBER: 10471174 (England and Wales)



Financial Statements for the Year Ended 31 March 2023

for

Mi Care Holdings Limited

Mi Care Holdings Limited (Registered number: 10471174)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Mi Care Holdings Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Dr D Mistry





REGISTERED OFFICE: Beauchamp Court,
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 10471174 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Mi Care Holdings Limited (Registered number: 10471174)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 493,187 500,000

CURRENT ASSETS
Cash at bank and in hand 3,727 4,110

CREDITORS
Amounts falling due within one year 5 (20,550 ) (17,928 )
NET CURRENT LIABILITIES (16,823 ) (13,818 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,364

486,182

CREDITORS
Amounts falling due after more than one
year

6

(373,215

)

(388,157

)

PROVISIONS FOR LIABILITIES 7 (7,220 ) (8,309 )
NET ASSETS 95,929 89,716

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 30,780 35,424
Retained earnings 65,147 54,290
95,929 89,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Mi Care Holdings Limited (Registered number: 10471174)

Statement of Financial Position - continued
31 March 2023


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 9 June 2023 and were signed on its behalf by:





M Mistry - Director


Mi Care Holdings Limited (Registered number: 10471174)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Mi Care Holdings 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.

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.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2022 - NIL).

Mi Care Holdings Limited (Registered number: 10471174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2022 505,734
Impairments (5,734 )
At 31 March 2023 500,000
DEPRECIATION
At 1 April 2022 5,734
Charge for year 1,079
At 31 March 2023 6,813
NET BOOK VALUE
At 31 March 2023 493,187
At 31 March 2022 500,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 17,638 17,292
Taxation and social security 2,482 -
Other creditors 430 636
20,550 17,928

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 373,215 388,157

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 7,220 8,309

Deferred
tax
£   
Balance at 1 April 2022 8,309
Unused amounts reversed during year (1,089 )
Balance at 31 March 2023 7,220

Mi Care Holdings Limited (Registered number: 10471174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. RESERVES
Fair
value
reserve
£   
At 1 April 2022 35,424
No description (4,644 )

At 31 March 2023 30,780