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REGISTERED NUMBER: 03278983 (England and Wales)














KENSINGTON HEALTH CARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


KENSINGTON HEALTH CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs J Walker
J R M Walker
P D M Walker





SECRETARY: D R C Munro





REGISTERED OFFICE: Old Charlton House
69 Baring Road
Cowes
Isle of Wight
PO31 8DW





REGISTERED NUMBER: 03278983 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
Rye
East Sussex
TN31 7LJ

KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,407,907 2,389,480
2,407,907 2,389,480

CURRENT ASSETS
Debtors 6 6,658 22,201
Cash at bank and in hand 336,094 225,027
342,752 247,228
CREDITORS
Amounts falling due within one year 7 239,649 203,657
NET CURRENT ASSETS 103,103 43,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,511,010

2,433,051

CREDITORS
Amounts falling due after more than
one year

8

(283,517

)

(338,655

)

PROVISIONS FOR LIABILITIES (7,898 ) (4,469 )
NET ASSETS 2,219,595 2,089,927

CAPITAL AND RESERVES
Called up share capital 11 175,152 175,152
Capital redemption reserve 424,848 424,848
Grant reserves 14,680 9,826
Retained earnings 1,604,915 1,480,101
SHAREHOLDERS' FUNDS 2,219,595 2,089,927

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.

KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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 8 November 2023 and were signed on its behalf by:





Mrs J Walker - Director


KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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


1. STATUTORY INFORMATION

Kensington Health 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 2006, was originally being amortised evenly over its estimated useful life of twenty years, but following an enquiry by H.M. Revenue & Customs this was reduced to ten years.The goodwill is now fully amortised.

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.
Freehold property - not provided
Improvements to property - 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

No depreciation is provided on freehold property used for the company's activities. It is the company's policy to maintain the property in a continuous state of sound repair and to extend and improve the properties from time to time, and accordingly, it is considered that the anticipated useful life of the property is such that any charge for depreciation would be insignificant.

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.


KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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


2. ACCOUNTING POLICIES - continued
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.

GRANT RESERVES
The balance of grant reserves represents specified grant income received which has not yet been spent on qualifying expenditure at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 250,000
AMORTISATION
At 1 March 2022
and 28 February 2023 250,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 March 2022 2,312,466 12,771 316,225
Additions - 15,803 25,911
Disposals - - (57,694 )
At 28 February 2023 2,312,466 28,574 284,442
DEPRECIATION
At 1 March 2022 - 2,439 252,891
Charge for year - 2,857 13,666
Eliminated on disposal - - (53,198 )
At 28 February 2023 - 5,296 213,359
NET BOOK VALUE
At 28 February 2023 2,312,466 23,278 71,083
At 28 February 2022 2,312,466 10,332 63,334

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 12,589 299 2,654,350
Additions - 1,461 43,175
Disposals - - (57,694 )
At 28 February 2023 12,589 1,760 2,639,831
DEPRECIATION
At 1 March 2022 9,441 99 264,870
Charge for year 3,148 581 20,252
Eliminated on disposal - - (53,198 )
At 28 February 2023 12,589 680 231,924
NET BOOK VALUE
At 28 February 2023 - 1,080 2,407,907
At 28 February 2022 3,148 200 2,389,480

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,615 20,235
Other debtors 21 1,966
Prepayments 1,022 -
6,658 22,201

KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 51,167 51,167
Trade creditors 24,782 10,310
Tax 38,174 8,901
Social security and other taxes 7,609 8,015
Pension contributions 2,128 3,968
Other creditors - 1,617
Directors' current accounts 94,187 104,407
Accrued expenses 6,922 5,446
Deferred government grants 14,680 9,826
239,649 203,657

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 51,167 52,657
Bank loans - 2-5 years 167,348 167,348
Bank loans more than 5 years
by instalments 65,002 118,650
283,517 338,655

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 65,002 118,650
65,002 118,650

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,083 14,583
Between one and five years 60,331 58,840
In more than five years 12,569 29,968
87,983 103,391

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 334,684 389,822

The bank loan is secured against the freehold property owned by the company.

KENSINGTON HEALTH CARE LIMITED (REGISTERED NUMBER: 03278983)

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: £    £   
175,152 Ordinary £1 175,152 175,152