Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01truetruetruetruetrue74false78truefalse 06299049 2022-04-01 2023-03-31 06299049 2021-04-01 2022-03-31 06299049 2023-03-31 06299049 2022-03-31 06299049 2021-04-01 06299049 3 2022-04-01 2023-03-31 06299049 3 2021-04-01 2022-03-31 06299049 d:Exceptional 2022-04-01 2023-03-31 06299049 d:Exceptional 2021-04-01 2022-03-31 06299049 e:Director1 2022-04-01 2023-03-31 06299049 e:Director1 2023-03-31 06299049 e:Director2 2022-04-01 2023-03-31 06299049 e:Director2 2023-03-31 06299049 e:Director7 2022-04-01 2023-03-31 06299049 e:Director8 2022-04-01 2023-03-31 06299049 e:Director8 2023-03-31 06299049 e:Director9 2022-04-01 2023-03-31 06299049 e:Director9 2023-03-31 06299049 e:Director10 2022-04-01 2023-03-31 06299049 e:Director10 2023-03-31 06299049 e:Director11 2022-04-01 2023-03-31 06299049 e:Director11 2023-03-31 06299049 e:RegisteredOffice 2022-04-01 2023-03-31 06299049 d:Buildings 2022-04-01 2023-03-31 06299049 d:Buildings 2023-03-31 06299049 d:Buildings 2022-03-31 06299049 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06299049 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 06299049 d:Buildings d:LongLeaseholdAssets 2023-03-31 06299049 d:Buildings d:LongLeaseholdAssets 2022-03-31 06299049 d:FurnitureFittings 2022-04-01 2023-03-31 06299049 d:FurnitureFittings 2023-03-31 06299049 d:FurnitureFittings 2022-03-31 06299049 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06299049 d:ComputerEquipment 2022-04-01 2023-03-31 06299049 d:ComputerEquipment 2023-03-31 06299049 d:ComputerEquipment 2022-03-31 06299049 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06299049 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06299049 d:CurrentFinancialInstruments 2023-03-31 06299049 d:CurrentFinancialInstruments 2022-03-31 06299049 d:Non-currentFinancialInstruments 2023-03-31 06299049 d:Non-currentFinancialInstruments 2022-03-31 06299049 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06299049 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06299049 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06299049 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 06299049 f:UnitedKingdom 2022-04-01 2023-03-31 06299049 f:UnitedKingdom 2021-04-01 2022-03-31 06299049 d:UKTax 2022-04-01 2023-03-31 06299049 d:UKTax 2021-04-01 2022-03-31 06299049 d:ShareCapital 2023-03-31 06299049 d:ShareCapital 2022-03-31 06299049 d:ShareCapital 2021-04-01 06299049 d:RevaluationReserve 2022-04-01 2023-03-31 06299049 d:RevaluationReserve 2023-03-31 06299049 d:RevaluationReserve 2022-03-31 06299049 d:RevaluationReserve 2021-04-01 06299049 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 06299049 d:RetainedEarningsAccumulatedLosses 2023-03-31 06299049 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 06299049 d:RetainedEarningsAccumulatedLosses 2022-03-31 06299049 d:RetainedEarningsAccumulatedLosses 2021-04-01 06299049 e:OrdinaryShareClass1 2022-04-01 2023-03-31 06299049 e:OrdinaryShareClass1 2023-03-31 06299049 e:OrdinaryShareClass1 2022-03-31 06299049 e:FRS102 2022-04-01 2023-03-31 06299049 e:Audited 2022-04-01 2023-03-31 06299049 e:FullAccounts 2022-04-01 2023-03-31 06299049 e:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06299049 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06299049 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 06299049 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 06299049 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 06299049 5 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06299049










HARTFORD CARE (SOUTHERN) LIMITED










DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023



 
HARTFORD CARE (SOUTHERN) LIMITED
 

COMPANY INFORMATION


Directors
J L Gavin (resigned 1 June 2022)
S F Gavin (resigned 1 June 2022)
A H Smith 
K A Shaw (appointed 1 June 2022)
E M Jones (appointed 1 June 2022)
V L Heenan (appointed 1 June 2022, resigned 30 September 2022)
N J Barnes (appointed 1 June 2022)




Registered number
06299049



Registered office
2nd Floor
Clifton House

Bunnian Place

Basingstoke

Hampshire

RG21 7JE




Independent auditor
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor

Reading Bridge House

George Street

Reading

Berkshire

RG1 8LS





 
HARTFORD CARE (SOUTHERN) LIMITED
 

CONTENTS



Page
Directors' Report
1 - 2
Independent Auditor's Report
3 - 5
Statement of Comprehensive Income
6
Statement of Financial Position
7
Statement of Changes in Equity
8
Notes to the Financial Statements
9 - 19


 
HARTFORD CARE (SOUTHERN) LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2023

The Directors present their report and the financial statements for the year ended 31 March 2023.

Principal activity

The Company's principal activity during the year under review was that of operating residential care homes. 

Results and dividends

The profit for the year, after taxation, amounted to £1,263,296 (2022 - £842,040).

No dividend was paid in the year (2022: £Nil).

Directors

The Directors who served during the year were:

J L Gavin (resigned 1 June 2022)
S F Gavin (resigned 1 June 2022)
A H Smith 
K A Shaw (appointed 1 June 2022)
E M Jones (appointed 1 June 2022)
V L Heenan (appointed 1 June 2022, resigned 30 September 2022)
N J Barnes (appointed 1 June 2022)

Directors' responsibilities statement

The Directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the Directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1

 
HARTFORD CARE (SOUTHERN) LIMITED
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023

Disclosure of information to auditor

Each of the persons who are Directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the Director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Auditor

The auditor, James Cowper Kreston Auditwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 6 November 2023 and signed on its behalf.
 





................................................
K A Shaw
Director

Page 2

 
HARTFORD CARE (SOUTHERN) LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HARTFORD CARE (SOUTHERN) LIMITED
 

Opinion


We have audited the financial statements of Hartford Care (Southern) Limited (the 'Company') for the year ended 31 March 2023, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 March 2023 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and  our Auditor's Report thereon.  The Directors are responsible for the other information contained within the Annual Report.  Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated.  If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves.  If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 3

 
HARTFORD CARE (SOUTHERN) LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HARTFORD CARE (SOUTHERN) LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' Report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 4

 
HARTFORD CARE (SOUTHERN) LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HARTFORD CARE (SOUTHERN) LIMITED (CONTINUED)


Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:
•  Enquiry of management and those charged with governance around actual and potential litigation and                      claims;
•      Enquiry of management and those charged with governance to identify any material instances of non-                                                     compliance with laws and regulations;
•       Reviewing financial statement disclosures and testing to supporting documentation to assess                                 compliance with applicable laws and regulations;
•       Performing audit work to address the risk of irregularities due to management override of controls,                  including testing of journal entries and other adjustments for appropriateness, evaluating the business                  rationale of significant transactions outside the normal course of business and reviewing accounting                   estimates for evidence of bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at:  www.frc.org.uk/auditorsresponsibilities.  This description forms part of our auditor's report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.




Alexander Peal BSc (Hons) FCA DChA (Senior Statutory Auditor)
for and on behalf of
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor
Reading Bridge House
George Street
Reading
Berkshire
RG1 8LS

7 November 2023
Page 5

 
HARTFORD CARE (SOUTHERN) LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2023

2023
2022
Note
 £
£

  

Turnover
 4 
3,432,400
3,056,497

Cost of sales
  
(1,858,048)
(1,726,375)

Gross profit
  
1,574,352
1,330,122

Administrative expenses
  
(504,723)
(374,420)

Winter fuel bonus
  
(35,280)
-

Other operating income
 5 
-
104,913

Operating profit
 6 
1,034,349
1,060,615

Tax on profit
 9 
228,947
(218,575)

Profit for the financial year
  
1,263,296
842,040

There was no other comprehensive income for 2023 (2022: £NIL).

The notes on pages 9 to 19 form part of these financial statements.

Page 6

 
HARTFORD CARE (SOUTHERN) LIMITED
REGISTERED NUMBER: 06299049

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 10 
7,470,087
6,676,010

 
Current assets
  

Debtors: amounts falling due after more than one year
 11 
752,508
640,000

Debtors: amounts falling due within one year
 11 
325,730
212,422

Cash at bank and in hand
 12 
81,437
99,015

  
1,159,675
951,437

  

Creditors: amounts falling due within one year
 13 
(451,105)
(553,145)

Net current assets
  
 
 
708,570
 
 
398,292

Total assets less current liabilities
  
8,178,657
7,074,302

Creditors: amounts falling due after more than one year
 14 
(4,550,893)
(4,709,834)

Net assets
  
3,627,764
2,364,468


Capital and reserves
  

Called up share capital 
 16 
1,000
1,000

Revaluation reserve
 17 
461,344
461,344

Profit and loss account
 17 
3,165,420
1,902,124

  
3,627,764
2,364,468


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K A Shaw
Director

Date: 6 November 2023

The notes on pages 9 to 19 form part of these financial statements.

Page 7

 
HARTFORD CARE (SOUTHERN) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2022
1,000
461,344
1,902,124
2,364,468



Profit for the year
-
-
1,263,296
1,263,296


At 31 March 2023
1,000
461,344
3,165,420
3,627,764



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2021
1,000
461,344
1,060,084
1,522,428



Profit for the year
-
-
842,040
842,040


At 31 March 2022
1,000
461,344
1,902,124
2,364,468


The notes on pages 9 to 19 form part of these financial statements.

Page 8

 
HARTFORD CARE (SOUTHERN) LIMITED
 

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

1.


General information

The Company is a private company limited by shares (registered number 06299049) and registered in England and Wales. The address of the registered office and principal place of business is 2nd Floor, Clifton House, Bunnian Place, Basingstoke, Hampshire, RG21 7JE.
The Company's principal activity during the year under review was that of operating residential care homes.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Hartford Care Group Limited as at 31 March 2023 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

Page 9

 
HARTFORD CARE (SOUTHERN) LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
5% - 10% per annum on cost
Property improvements
-
5% - 10% per annum on cost
Fixtures and fittings
-
10% - 50% per annum on cost
Computer equipment
-
50% per annum on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 10

 
HARTFORD CARE (SOUTHERN) LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial liabilities and equity are classified according to the substance of the financial instrument’s contractual obligations, rather than the financial instrument’s legal form.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.10

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 11

 
HARTFORD CARE (SOUTHERN) LIMITED
 

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

2.Accounting policies (continued)

  
2.11

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 12

 
HARTFORD CARE (SOUTHERN) LIMITED
 

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

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
Tangible fixed assets (see note 10)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as the remaining life of the asset and projected disposal values.
Taxation (see note 9)
The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities of the respective countries in which it operates. The amount of such provisions is based on various factors, such as experience with previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority. Management estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies. Further details are contained in note 9.


4.


Turnover

Analysis of turnover by country of destination:

2023
2022
£
£

United Kingdom
3,432,400
3,056,497



5.


Other operating income

2023
2022
£
£

Coronavirus related grant income
-
104,913



6.


Operating profit

The operating profit is stated after charging:

2023
2022
£
£

Depreciation
68,975
52,132

Defined contribution pension cost
18,294
20,828

Page 13

 
HARTFORD CARE (SOUTHERN) LIMITED
 

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

7.


Auditor's remuneration

During the year, the Company obtained the following services from the Company's auditor:


2023
2022
£
£

Fees payable to the Company's auditor for the audit of the Company's financial statements

6,095
5,700


8.


Employees

Staff costs were as follows:


2023
2022
£
£

Wages and salaries
1,607,322
1,506,312

Social security costs
99,356
90,738

Cost of defined benefit scheme
18,294
20,828

1,724,972
1,617,878


The average monthly number of employees during the year was as follows:


        2023
        2022
            No.
            No.







Malden House
26
24



The Laurels & Pine Lodge
48
54

74
78

Page 14

 
HARTFORD CARE (SOUTHERN) LIMITED
 

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

9.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
15,833
195,897

Adjustments in respect of previous periods
(92,533)
19,380


Total current tax
(76,700)
215,277

Deferred tax


Origination and reversal of timing differences
(152,247)
6,450

Effect of tax rate change on opening balance
-
(3,152)

Total deferred tax
(152,247)
3,298


Taxation on profit on ordinary activities
(228,947)
218,575

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2022 - higher than) the standard rate of corporation tax in the UK of19% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Profit on ordinary activities before tax
1,034,349
1,060,615


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2022 - 19%)
196,526
201,517

Effects of:


Fixed asset differences
(7,479)
(719)

Adjustments to tax charge in respect of prior periods
(92,533)
19,380

Remeasurement of deferred tax for changes in tax rates
23,285
(19,315)

Deferred tax not recognised
-
17,712

Adjustments to tax charge in respect of previous periods - deferred tax
(249,268)
-

Group relief
(99,478)
-

Total tax charge for the year
(228,947)
218,575


Factors that may affect future tax charges

In the Spring Budget 2022, the Government announced that from 1 April 2023 the main corporation tax
rate will increase to 25%. The impact of these changes is not expected to be material.

Page 15

 
HARTFORD CARE (SOUTHERN) LIMITED
 

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

10.


Tangible fixed assets





Freehold property
Property improvements
Fixtures & fittings
Computer equipment

£
£
£
£



Cost or valuation


At 1 April 2022
6,879,242
-
500,441
28,777


Additions
-
83,700
766,515
12,837



At 31 March 2023

6,879,242
83,700
1,266,956
41,614



Depreciation


At 1 April 2022
286,562
-
425,879
20,009


Charge for the year on owned assets
-
4,380
54,199
10,396



At 31 March 2023

286,562
4,380
480,078
30,405



Net book value



At 31 March 2023
6,592,680
79,320
786,878
11,209



At 31 March 2022
6,592,680
-
74,562
8,768

Total

£



Cost or valuation


At 1 April 2022
7,408,460


Additions
863,052



At 31 March 2023

8,271,512



Depreciation


At 1 April 2022
732,450


Charge for the year on owned assets
68,975



At 31 March 2023

801,425



Net book value



At 31 March 2023
7,470,087



At 31 March 2022
6,676,010

Page 16

 
HARTFORD CARE (SOUTHERN) LIMITED
 

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

11.


Debtors: Amounts falling due within one year

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
752,508
640,000


2023
2022
£
£

Due within one year

Trade debtors
107,505
165,353

Prepayments and accrued income
59,297
40,388

Deferred taxation
158,928
6,681

325,730
212,422


The intercompany receivable is unsecured and fully subordinated to any charges or rights accrued in connection with the Group loan facility. The intercompany receivable is repayable on a rolling 367 day basis and accrues no interest.
The bank loan held by Hartford Care Group Limited is secured by an intercompany guarantee over the Group's assets.                                                                                                                      


12.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
81,437
99,015



13.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
74,713
89,668

Corporation tax
119,225
195,925

Other taxation and social security
18,802
27,514

Other creditors
10,562
9,730

Accruals and deferred income
227,803
230,308

451,105
553,145


Page 17

 
HARTFORD CARE (SOUTHERN) LIMITED
 

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

14.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
4,550,893
4,709,834


The intercompany payable is unsecured and fully subordinated to any charges or rights accrued in connection with the Group loan facility. The intercompany payable is repayable on a rolling 367 day basis and accrues no interest.
The bank loan held by Hartford Care Group Limited is secured by an intercompany guarantee over the Group's assets.


15.


Deferred taxation




2023
2022


£

£






At beginning of year
6,681
9,979


Charged to profit or loss
152,247
(3,298)



At end of year
158,928
6,681

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
6,681
9,979

Other short term timings differences
152,247
(3,298)

158,928
6,681


16.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


Page 18

 
HARTFORD CARE (SOUTHERN) LIMITED
 

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

17.


Reserves

Revaluation reserve

The revaluation reserves relate to the property revaluation surplus.

Profit & loss account

The profit & loss accounts represents the cumulative profit available for distribution to shareholders.


18.


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 £18,294 (2022: £20,828). The total contributions payable to the fund at the balance sheet date were £1,168 (2022: £1,278). 


19.


Related party transactions

The Company is exempt from disclosing related party transactions with other 100% owned members of the Group headed by Hartford Care Group Limited by virtue of FRS 102 section 33.1A. Balances due from and to members of the Group are disclosed in notes 11 and 14 respectively.


20.


Controlling party

The immediate parent company is Hartford Care Limited, a company incorporated in England and Wales.
The ultimate parent Company and the smallest and largest group in which the Company’s results are consolidated is Hartford Care Limited, a Company incorporated in England and Wales. The consolidated accounts of Hartford Care Group Limited are available from Companies House, Crown Way, Cardiff, CF14 3UZ.
There is no one ultimate controlling party.


Page 19