Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity2221trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05010250 2022-04-01 2023-03-31 05010250 2021-04-01 2022-03-31 05010250 2023-03-31 05010250 2022-03-31 05010250 c:CompanySecretary1 2022-04-01 2023-03-31 05010250 c:Director1 2022-04-01 2023-03-31 05010250 c:Director2 2022-04-01 2023-03-31 05010250 c:RegisteredOffice 2022-04-01 2023-03-31 05010250 c:Agent1 2022-04-01 2023-03-31 05010250 d:PlantMachinery 2022-04-01 2023-03-31 05010250 d:PlantMachinery 2023-03-31 05010250 d:PlantMachinery 2022-03-31 05010250 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05010250 d:FurnitureFittings 2022-04-01 2023-03-31 05010250 d:FurnitureFittings 2023-03-31 05010250 d:FurnitureFittings 2022-03-31 05010250 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05010250 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05010250 d:Goodwill 2023-03-31 05010250 d:Goodwill 2022-03-31 05010250 d:CurrentFinancialInstruments 2023-03-31 05010250 d:CurrentFinancialInstruments 2022-03-31 05010250 d:Non-currentFinancialInstruments 2023-03-31 05010250 d:Non-currentFinancialInstruments 2022-03-31 05010250 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05010250 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05010250 d:ShareCapital 2023-03-31 05010250 d:ShareCapital 2022-03-31 05010250 d:RetainedEarningsAccumulatedLosses 2023-03-31 05010250 d:RetainedEarningsAccumulatedLosses 2022-03-31 05010250 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 05010250 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 05010250 c:FRS102 2022-04-01 2023-03-31 05010250 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05010250 c:FullAccounts 2022-04-01 2023-03-31 05010250 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05010250 d:Subsidiary1 2022-04-01 2023-03-31 05010250 d:Subsidiary1 1 2022-04-01 2023-03-31 05010250 2 2022-04-01 2023-03-31 05010250 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 05010250









BPS CARE HOMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BPS CARE HOMES LIMITED
 
 
COMPANY INFORMATION


Directors
Mr B Balendra 
Mrs S Balendra 




Company secretary
Mrs S Balendra



Registered number
05010250



Registered office
Tasker House
160 Westfield Road

Wellingborough

Northamptonshire

NN8 3HX




Trading Address
Redcliffe Care Home
1 Pightles Terrace

Rushden

Northamptonshire

NN10 0LN






Accountants
Ashon Limited
Chartered Accountants

125 Knoll Crescent

Northwood

Middlesex

HA6 1HX




Bankers
National Westminster Bank plc
315 Station Road

Harrow

Middlesex

HA1 2AD





 
BPS CARE HOMES LIMITED
REGISTERED NUMBER: 05010250

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
126,130
127,653

Investments
 6 
329,801
329,801

  
455,931
457,454

Current assets
  

Debtors: amounts falling due after more than one year
 7 
-
432,084

Debtors: amounts falling due within one year
 7 
46,880
39,004

Cash at bank and in hand
 8 
65,791
484,382

  
112,671
955,470

Creditors: amounts falling due within one year
 9 
(217,642)
(1,313,772)

Net current liabilities
  
 
 
(104,971)
 
 
(358,302)

Total assets less current liabilities
  
350,960
99,152

  

Net assets
  
350,960
99,152

Page 1

 
BPS CARE HOMES LIMITED
REGISTERED NUMBER: 05010250
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
349,960
98,152

  
350,960
99,152


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 July 2023.




................................................
Mr B Balendra
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company lmited by share capital, incorporated in England & Wales. The
company number and registered office address are:
Company number:                 05010250
Registered office address: Tasker House
                                              160 Westfield Road
                                               Wellingborough
                                               Northamptonshire
                                               NN8 3HX

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.



The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
15%
Fixtures & fittings
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Page 4

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)


 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.15

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2022 - 21).

Page 5

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
255,000



At 31 March 2023

255,000



Amortisation


At 1 April 2022
255,000



At 31 March 2023

255,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 6

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
212,600
4,835
217,435



At 31 March 2023

212,600
4,835
217,435



Depreciation


At 1 April 2022
84,948
4,834
89,782


Charge for the year on owned assets
1,523
-
1,523



At 31 March 2023

86,471
4,834
91,305



Net book value



At 31 March 2023
126,129
1
126,130



At 31 March 2022
127,652
1
127,653

Page 7

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
329,801



At 31 March 2023
329,801





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Monolace Limited
Ordinary £1
100%

The aggregate of the share capital and reserves as at 31 March 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Monolace Limited
78,214
264,454

Page 8

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
-
432,084

-
432,084


2023
2022
£
£

Due within one year

Trade debtors
12,457
8,198

Other debtors
30,048
26,802

Prepayments and accrued income
4,375
4,004

46,880
39,004



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
65,791
484,382

65,791
484,382



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
32,849
51,122

Amounts owed to group undertakings
56,916
-

Corporation tax
87,415
115,157

Other taxation and social security
6,329
4,532

Other creditors
9,493
1,117,153

Accruals and deferred income
24,640
25,808

217,642
1,313,772


Amounts due to the directors £516 (2022: £1,102,434)

Page 9

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
65,791
484,382




11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to £5,619 (2022: £4,979).

 
Page 10