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REGISTERED NUMBER: 05795079 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Totem Care Limited

Totem Care Limited (Registered number: 05795079)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Totem Care Limited

Company Information
for the Year Ended 31 October 2022







DIRECTORS: M Barrett
S S Barrett





SECRETARY: S S Barrett





REGISTERED OFFICE: 147a High Street
Waltham Cross
Hertfordshire
EN8 7AP





REGISTERED NUMBER: 05795079 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Totem Care Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Totem Care Limited for the year ended 31 October 2022 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Totem Care Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Totem Care Limited and state those matters that we have agreed to state to the Board of Directors of Totem Care Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Totem Care Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Totem Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Totem Care Limited. You consider that Totem Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Totem Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP


Date: .............................................

Totem Care Limited (Registered number: 05795079)

Statement of Financial Position
31 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 712,494 709,773
Investments 5 841,125 841,125
1,553,619 1,550,898

CURRENT ASSETS
Debtors 6 7,586,578 7,234,203
Cash at bank and in hand 40,554 5,825
7,627,132 7,240,028
CREDITORS
Amounts falling due within one year 7 6,753,240 6,715,927
NET CURRENT ASSETS 873,892 524,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,427,511

2,074,999

CREDITORS
Amounts falling due after more than
one year

8

1,334,748

1,045,123
NET ASSETS 1,092,763 1,029,876

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,092,663 1,029,776
SHAREHOLDERS' FUNDS 1,092,763 1,029,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

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

Totem Care Limited (Registered number: 05795079)

Statement of Financial Position - continued
31 October 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 27 October 2023 and were signed on its behalf by:





M Barrett - Director


Totem Care Limited (Registered number: 05795079)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Totem 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Totem Care Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Freehold property - Not Depreciated
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 10% on reducing balance

It is the company's policy not to provide deprecation on freehold premises. The premises are maintained to a high standard and the director considers that the lives of the premises are so long and their residual value so great that deprecation is not necessary. Where any permanent diminution of property value is incurred, a provision is made in the profit and loss account. The director's estimate of residual values is based on prices prevailing at the time of acquisition or subsequent independent valuation.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


Totem Care Limited (Registered number: 05795079)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 statement of financial position 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 19 (2021 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2021 706,503 54,069 25,150 785,722
Additions 2,996 - - 2,996
At 31 October 2022 709,499 54,069 25,150 788,718
DEPRECIATION
At 1 November 2021 - 50,799 25,150 75,949
Charge for year - 275 - 275
At 31 October 2022 - 51,074 25,150 76,224
NET BOOK VALUE
At 31 October 2022 709,499 2,995 - 712,494
At 31 October 2021 706,503 3,270 - 709,773

Totem Care Limited (Registered number: 05795079)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2021
and 31 October 2022 841,125
NET BOOK VALUE
At 31 October 2022 841,125
At 31 October 2021 841,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 157,758 97,363
Other debtors 7,428,820 7,136,840
7,586,578 7,234,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 71,112 194,418
Taxation and social security 1,201,837 1,174,899
Other creditors 5,480,291 5,346,610
6,753,240 6,715,927

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 1,334,748 1,045,123

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 915,471 373,603

Totem Care Limited (Registered number: 05795079)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 1,405,860 1,239,541

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2022 and 31 October 2021:

2022 2021
£    £   
M Barrett and S S Barrett
Balance outstanding at start of year 5,225,537 5,771,315
Amounts advanced 72,194 804,222
Amounts repaid (360,000 ) (1,350,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,937,731 5,225,537

12. RELATED PARTY DISCLOSURES

The company was under the control of Mr M Barrett and Mrs S Barrett throughout the current and previous year. They are joint directors and own the entire share capital of the company. Amounts due to and from the directors are disclosed in a separate note in the financial statements.

The directors of Totem Care Limited are related to the director of Nellsar Limited. A loan has been provided between the two companies and the amount due to Nellsar Limited at the balance sheet date amounted to £4,856,090 (2021: £4,751,723). This loan balance is interest free and repayable on demand. The amount is disclosed in other creditors in the financial statements.

Totem Care Limited has common directors with Tamarind Care Limited, Mr M Barrett and Mrs S Barrett. A loan has been provided between the two companies and the amount due to Tamarind Care Limited at the balance sheet date amounted to £567,469 (2021: £580,543). This loan balance is interest free and repayable on demand. The amount is disclosed in other creditors in the financial statements.

Totem Care Limited (Registered number: 05795079)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S S Barrett.