Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity22022-04-01false2true 05079216 2022-04-01 2023-03-31 05079216 2021-04-01 2022-03-31 05079216 2023-03-31 05079216 2022-03-31 05079216 c:Director1 2022-04-01 2023-03-31 05079216 d:FurnitureFittings 2023-03-31 05079216 d:FurnitureFittings 2022-03-31 05079216 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05079216 d:CurrentFinancialInstruments 2023-03-31 05079216 d:CurrentFinancialInstruments 2022-03-31 05079216 d:Non-currentFinancialInstruments 2023-03-31 05079216 d:Non-currentFinancialInstruments 2022-03-31 05079216 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05079216 c:FullAccounts 2022-04-01 2023-03-31 05079216 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05079216 c:Micro-entities 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 05079216










BHARANI CARE (UK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BHARANI CARE (UK) LIMITED
REGISTERED NUMBER: 05079216

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£


Fixed assets
628,655
628,700

Current assets
798
6,495

Creditors: amounts falling due within one year
(393,804)
(340,393)

Net current liabilities
 
 
(393,006)
 
 
(333,898)

Total assets less current liabilities
235,649
294,802

Creditors: amounts falling due after more than one year
(295,144)
(353,777)


Net liabilities
(59,495)
(58,975)



Capital and reserves
(59,495)
(58,975)


Notes


Average number of employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2023.




Dr M L H Kumar MBE
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
BHARANI CARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Bharani Care (UK) Limited is a private company, limited by share capital, incorporated in England and Wales under registration number 05079216. The address of the registered office of the company is 37 Warren Street, London W1T 6AD.

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 105 the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The financial statements have been prepared on the assumption that the company will have the continued financial support of the shareholders. The shareholders of the company have sufficient resources to finance the company as and when the need arises.
The financial statements have been prepared on a going concern basis which is dependent on the financial support of the shareholders to ensure that the company will continue in operational existence for the foreseeable future.

 
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.

Page 2

 
BHARANI CARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
20%  reducing balance

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.


3.


Employees

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


        2023
        2022
            No.
            No.







No of employees
2
2

Page 3

 
BHARANI CARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 April 2022
2,060



At 31 March 2023

2,060



Depreciation


At 1 April 2022
1,834


Charge for the year on owned assets
45



At 31 March 2023

1,879



Net book value



At 31 March 2023
181



At 31 March 2022
226


5.


Fixed asset investments





Investment  properties

£



Cost or valuation


At 1 April 2022
628,474



At 31 March 2023
628,474




In the opinion of the directors', the aggregate open market value of the freehold land at the year end is £628,474 the value shown in the accounts.

Page 4

 
BHARANI CARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Rent received in arrears
-
74

-
74



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
52,400
46,150

Amount due to connected company
114,758
69,170

Directors' loan account
223,886
222,673

Accruals and deferred income
2,760
2,400

393,804
340,393


Included in bank loans is £10,000 (2022 - £10,000) unsecured bounce back loan and £42,400 (2022 - £36,150) is secured loan.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
295,144
353,777

295,144
353,777


Included in bank loans is £30,000 (2022 - £40,000) of unsecured bounce back loan and £265,144 (2022 - £313,777) of secured loan by a fixed and floating charge over the assets of the company.


9.


Controlling party

The company was under the control of the directors Dr M L H Kumar MBE (50% share) and Mrs R R Kumar (50% share), by virtue of the fact that between them they own 100% of the issued share capital.

Page 5