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REGISTERED NUMBER: 07998863 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BEYOND LIMITS (PLYMOUTH) LTD

BEYOND LIMITS (PLYMOUTH) LTD (REGISTERED NUMBER: 07998863)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


BEYOND LIMITS (PLYMOUTH) LTD (REGISTERED NUMBER: 07998863)

BALANCE SHEET
31 MARCH 2023

2023 2022
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 564,215 422,600

CURRENT ASSETS
Debtors 5 665,947 122,069
Cash at bank and in hand 206,778 866,467
872,725 988,536
CREDITORS
Amounts falling due within one year 6 423,488 409,706
NET CURRENT ASSETS 449,237 578,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,013,452

1,001,430

PROVISIONS FOR LIABILITIES 4,311 1,961
NET ASSETS 1,009,141 999,469

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,009,139 999,467
1,009,141 999,469

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





P N Ledgard - Director


BEYOND LIMITS (PLYMOUTH) LTD (REGISTERED NUMBER: 07998863)

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


1. STATUTORY INFORMATION

Beyond Limits (Plymouth) Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 07998863, and registered office address is York House, Unit 4 Stoke Damerel Business Centre, Church Street, Plymouth, Devon, PL3 4DT.

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.

The financial statements represent the results of the individual entity. The functional and presentation currency is £ sterling.

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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Provisions
A provision is recognised in the balance sheet when the entity has a present legal or constructive obligation as a result of a past event, that can be reliably measured and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Depreciation
Depreciation is provided over the estimated useful life of the asset. The directors make estimates as to the length of those useful lives.

Trade debtors recoverability
Amounts recoverable on trade debtors are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses. The directors make estimates as to the recoverability of these debts and provide for them accordingly.

Carrying value of property
The company's properties are revalued on a regular basis by independent valuers. In between those valuations the directors make estimates with regards the valuation of properties to ensure that the carrying value is not materially different to market value.

BEYOND LIMITS (PLYMOUTH) LTD (REGISTERED NUMBER: 07998863)

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


2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is received quarterly in advance and deferred to the period it relates to.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property - in accordance with the property
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% to 50% straight line

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Property, which consists of freehold and long leasehold buildings, is initially recognised at cost and subsequently carried at the revalued amount less accumulated impairment losses.

BEYOND LIMITS (PLYMOUTH) LTD (REGISTERED NUMBER: 07998863)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade debtors, other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade creditors, other creditors, and amounts owed to group undertakings, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

BEYOND LIMITS (PLYMOUTH) LTD (REGISTERED NUMBER: 07998863)

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


2. ACCOUNTING POLICIES - continued

Going concern
At 31 March 2023 the company had a profit for the financial year of £278,672 (2022: £399,308) and net assets of £1,009,141 (2022: £999,467).

The directors have reviewed the working capital requirements for the group of companies headed up by Tristone Capital Ltd for the next twelve months and consider that the group companies have sufficient working capital to enable this company to continue to trade and meet its liabilities as they fall due for at least the next twelve months from the date of approval of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements for the year ended 31 March 2023.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 138 (2022 - 134 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 454,853 62,145 17,100 51,937 586,035
Additions 163,146 8,104 - 5,687 176,937
Disposals - - (17,100 ) (1,059 ) (18,159 )
At 31 March 2023 617,999 70,249 - 56,565 744,813
DEPRECIATION
At 1 April 2022 60,127 41,359 16,737 45,212 163,435
Charge for year 20,583 7,223 60 7,153 35,019
Eliminated on disposal - - (16,797 ) (1,059 ) (17,856 )
At 31 March 2023 80,710 48,582 - 51,306 180,598
NET BOOK VALUE
At 31 March 2023 537,289 21,667 - 5,259 564,215
At 31 March 2022 394,726 20,786 363 6,725 422,600

Property includes freehold and leasehold property. At 31 March 2023 property carrying value of £537,289 consisted of £254,825 freehold land and buildings, £282,464 leasehold land and buildings.
At 31 March 2023 the directors consider that the market value is not materially different to the carrying value of £537,289.

Fixtures and fittings, motor vehicles and computer equipment are carried at cost at 31 March 2023.

BEYOND LIMITS (PLYMOUTH) LTD (REGISTERED NUMBER: 07998863)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£    £   
Trade debtors 118,017 104,005
Amounts owed by group undertakings 518,389 -
Other debtors 29,541 18,064
665,947 122,069

Amounts owed by group undertakings are repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£    £   
Trade creditors 20,703 11,102
Taxation and social security 80,664 157,714
Other creditors 322,121 240,890
423,488 409,706

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
(Unaudited)
£    £   
Within one year 40,000 40,000
Between one and five years 87,517 127,517
127,517 167,517

8. SECURED DEBTS

The company along with its immediate parent, Tristone BL Holdings Ltd, its fellow subsidiary companies, Roundhouse Care Holdings Ltd, Tristone SSS Holdings Ltd, Tristone PCM Holdings Ltd, Premier Care Management Ltd, Sportfit Support Services Limited, K Bond Healthcare Ltd, Seaside Care Homes Ltd, Tristone NS Holdings Ltd, Tristone PW Holdings Limited, Procare Wales Ltd and Bangor Centre for Developmental Disabilities Ltd, entered into guarantees in the form of a fixed and floating charges to secure the borrowings of their parent company, Tristone Healthcare Limited. At 31 March 2023 the amount outstanding in respect of these guarantees was £17,599,000. The beneficiary of the securities are Duke Royalty UK Limited. At 31 March 2023 the company was owed £50,000 by Tristone Healthcare Limited.

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

The Report of the Auditors was unqualified.

Karen Dent (Senior Statutory Auditor)
for and on behalf of Harold Sharp Limited

BEYOND LIMITS (PLYMOUTH) LTD (REGISTERED NUMBER: 07998863)

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


10. PENSION COMMITMENTS

During the year the company contributed to a defined contribution pension scheme. At 31 March 2023 outstanding contributions of £14,698 are included within other creditors.

11. RELATED PARTY DISCLOSURES

At 31 March 2023 the company was owed £50,000 by Tristone Healthcare Limited, a parent company.

During the year, rent payments of £40,000 were paid to a company under the control of a director.

12. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Tristone BL Holdings Ltd and its ultimate parent company is Tristone Capital Ltd, whose registered office is 5 Brooklands Place, Brooklands Road, Sale, Cheshire, M33 3SD. Consolidated financial statements can be obtained at Companies House, Crown Way, Cardiff, CF14 3UZ.