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REGISTERED NUMBER: 07554043 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

CHURCH STREET HEALTHCARE LIMITED

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHURCH STREET HEALTHCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: J S Rahania
R Rahania
R K Saroy



REGISTERED OFFICE: 20 Coningsby Drive
Wolverhampton
West Midlands
WV2 2RN



REGISTERED NUMBER: 07554043 (England and Wales)



ACCOUNTANTS: Ashcrofts Accountants Limited
2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR



BANKERS: Lloyds Bank plc
3 Queen Square
Wolverhampton
West Midlands
WV1 1RF

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 99,000 110,000
Tangible assets 5 38,276 23,082
137,276 133,082

CURRENT ASSETS
Stocks 6 73,492 52,437
Debtors 7 1,105,765 946,963
Cash at bank and in hand 132,759 287,395
1,312,016 1,286,795
CREDITORS
Amounts falling due within one year 8 (583,751 ) (619,715 )
NET CURRENT ASSETS 728,265 667,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

865,541

800,162

PROVISIONS FOR LIABILITIES 10 (6,670 ) (3,612 )
NET ASSETS 858,871 796,550

CAPITAL AND RESERVES
Called up share capital 11 560 560
Retained earnings 12 858,311 795,990
SHAREHOLDERS' FUNDS 858,871 796,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

BALANCE SHEET - continued
28 FEBRUARY 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 6 November 2023 and were signed on its behalf by:




R Rahania - Director



R K Saroy - Director


CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Church Street 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 220,000
AMORTISATION
At 1 March 2022 110,000
Amortisation for year 11,000
At 28 February 2023 121,000
NET BOOK VALUE
At 28 February 2023 99,000
At 28 February 2022 110,000

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 March 2022 83,155 8,489 91,644
Additions - 20,796 20,796
Disposals - (8,489 ) (8,489 )
At 28 February 2023 83,155 20,796 103,951
DEPRECIATION
At 1 March 2022 60,764 7,798 68,562
Charge for year 4,478 447 4,925
Eliminated on disposal - (7,812 ) (7,812 )
At 28 February 2023 65,242 433 65,675
NET BOOK VALUE
At 28 February 2023 17,913 20,363 38,276
At 28 February 2022 22,391 691 23,082

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. STOCKS
2023 2022
£    £   
Stocks 73,492 52,437

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 145,265 137,200
Other debtors 230 -
Amounts owed by group undertakings 908,722 741,136
VAT 48,639 65,918
Prepayments and accrued income 2,909 2,709
1,105,765 946,963

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 304,805 293,028
Corporation tax 10,107 39,202
Social security and other taxes 1,724 1,836
Other creditors 260,547 274,697
Directors' loan accounts 168 -
Accruals and deferred income 6,400 10,952
583,751 619,715

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
In more than five years 29,000 29,000

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,670 3,612

Deferred
tax
£   
Balance at 1 March 2022 3,612
Charged during the year 3,058
Balance at 28 February 2023 6,670

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
560 Ordinary £1 560 560

12. RESERVES
Retained
earnings
£   

At 1 March 2022 795,990
Profit for the year 62,321
At 28 February 2023 858,311

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 28 February 2023, there was a loan from Mr R K Saroy of £168 (2022: £Nil). This unsecured loan is interest free and repayable on demand.

14. RELATED PARTY DISCLOSURES

The company was under the control of Mr J S Rahania, Mr R Rahania and Mr R K Saroy throughout the current year and previous year as directors of the company and RJR Chem Ltd as the sole shareholder and immediate and ultimate holding company.

At 28 February 2023, there was a loan to RJR Chem Ltd of £908,722 (2022: £741,136). This unsecured loan is interest free and repayable on demand.

At 28 February 2023, there was a loan from Wellington Pharmacy Limited of £419 (2022: £1,774), a company in which Mr J S Rahania, Mr R Rahania and Mr R K Saroy are directors. This unsecured loan is interest free and repayable on demand.

At 28 February 2023, there was a loan from Nightchem Limited of £20,499 (2022: £33,599), a company in which Mr J S Rahania, Mr R Rahania and Mr R K Saroy are directors. This unsecured loan is interest free and repayable on demand.

At 28 February 2023, there was a loan from Daychem Ltd of £239,303 (2022: £238,967), a company in which Mr J S Rahania, Mr R Rahania and Mr R K Saroy are directors. This unsecured loan is interest free and repayable on demand.

15. ULTIMATE CONTROLLING PARTY

The ultimate parent company is RJR Chem Ltd, a company incorporated in England and Wales.