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REGISTERED NUMBER: 08818432 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ASPREY HEALTHCARE LIMITED

ASPREY HEALTHCARE LIMITED (REGISTERED NUMBER: 08818432)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASPREY HEALTHCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: P M Connell





SECRETARY: Ms L C Johns





REGISTERED OFFICE: Smallbrook Care Home
Suffolk Close
Horley
Suffolk
RH6 7DU





REGISTERED NUMBER: 08818432 (England and Wales)





AUDITORS: GBJ LLP
Statutory Auditor
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

ASPREY HEALTHCARE LIMITED (REGISTERED NUMBER: 08818432)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 11,593,836 8,239,267

CURRENT ASSETS
Debtors 5 229,224 238,028
Cash at bank and in hand 130,799 233,918
360,023 471,946
CREDITORS
Amounts falling due within one year 6 5,886,043 2,520,206
NET CURRENT LIABILITIES (5,526,020 ) (2,048,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,067,816

6,191,007

CREDITORS
Amounts falling due after more than one
year

7

4,500,000

4,500,000
NET ASSETS 1,567,816 1,691,007

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,567,616 1,690,807
1,567,816 1,691,007

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2023 and were signed by:





P M Connell - Director


ASPREY HEALTHCARE LIMITED (REGISTERED NUMBER: 08818432)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Asprey Healthcare 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 79 (2022 - 80 ) .

ASPREY HEALTHCARE LIMITED (REGISTERED NUMBER: 08818432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£ £ £
COST
At 1 April 2022 3,006,225 5,034,794 96,158
Additions - 3,157,617 6,361
At 31 March 2023 3,006,225 8,192,411 102,519
DEPRECIATION
At 1 April 2022 - - 49,649
Charge for year - - 8,036
At 31 March 2023 - - 57,685
NET BOOK VALUE
At 31 March 2023 3,006,225 8,192,411 44,834
At 31 March 2022 3,006,225 5,034,794 46,509

Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 April 2022 345,421 38,153 8,520,751
Additions 204,323 45,647 3,413,948
At 31 March 2023 549,744 83,800 11,934,699
DEPRECIATION
At 1 April 2022 214,071 17,764 281,484
Charge for year 46,133 5,210 59,379
At 31 March 2023 260,204 22,974 340,863
NET BOOK VALUE
At 31 March 2023 289,540 60,826 11,593,836
At 31 March 2022 131,350 20,389 8,239,267

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 80,443 58,772
Corporation tax 58,501 -
Prepayments 90,280 179,256
229,224 238,028

ASPREY HEALTHCARE LIMITED (REGISTERED NUMBER: 08818432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 194,010 207,051
Corporation tax - 58,501
Social security and other taxes 37,107 42,122
Other creditors 10,891 16,652
Directors' loan accounts 5,265,623 1,942,123
Accrued expenses 326,907 203,356
Deferred income 51,505 50,401
5,886,043 2,520,206

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans (see note 8) 4,500,000 4,500,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,500,000 4,500,000

8. LOANS

Bank borrowings are secured by fixed and floating charges over all the assets of the company including freehold and leasehold properties.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Hillier (Senior Statutory Auditor)
for and on behalf of GBJ LLP

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P M Connell.

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 £ 35,241 (2022: £29,955). Contributions totalling £544 (2022: £5,181) were payable to the fund at the balance sheet date and are included in creditors.

12. RELATED PARTY TRANSACTIONS

During the year, the company had an outstanding loan account with the director P M Connell. Debits totalling £40,000(2022: £45,000) were made to the loan account. At the year end, the company owed P M Connell £5,265,623 (2022: £1,942,123).