IRIS Accounts Production v23.3.0.418 05442816 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054428162022-06-30054428162023-06-30054428162022-07-012023-06-30054428162021-06-30054428162021-07-012022-06-30054428162022-06-3005442816ns10:Originalns15:EnglandWales2022-07-012023-06-3005442816ns14:PoundSterlingns10:Original2022-07-012023-06-3005442816ns10:Originalns10:Director12022-07-012023-06-3005442816ns10:Original2022-07-012023-06-3005442816ns10:Original2023-06-3005442816ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3005442816ns10:Originalns10:SmallEntities2022-07-012023-06-3005442816ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3005442816ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3005442816ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3005442816ns10:Originalns10:FullAccounts2022-07-012023-06-3005442816ns10:Originalns10:Director22022-07-012023-06-3005442816ns10:Originalns10:Director32022-07-012023-06-3005442816ns10:Originalns10:Director42022-07-012023-06-3005442816ns10:CompanySecretary1ns10:Original2022-07-012023-06-3005442816ns10:Originalns10:RegisteredOffice2022-07-012023-06-3005442816ns10:Original2022-06-3005442816ns10:Originalns5:CurrentFinancialInstruments2023-06-3005442816ns10:Originalns5:CurrentFinancialInstruments2022-06-3005442816ns10:Originalns5:Non-currentFinancialInstruments2023-06-3005442816ns10:Originalns5:Non-currentFinancialInstruments2022-06-3005442816ns5:ShareCapitalns10:Original2023-06-3005442816ns5:ShareCapitalns10:Original2022-06-3005442816ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3005442816ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3005442816ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-07-012023-06-3005442816ns10:Originalns5:FurnitureFittings2022-07-012023-06-3005442816ns10:Originalns5:MotorVehicles2022-07-012023-06-3005442816ns10:Originalns5:ComputerEquipment2022-07-012023-06-3005442816ns10:Original2021-07-012022-06-3005442816ns10:Originalns5:LandBuildings2022-06-3005442816ns10:Originalns5:FurnitureFittings2022-06-3005442816ns10:Originalns5:MotorVehicles2022-06-3005442816ns10:Originalns5:ComputerEquipment2022-06-3005442816ns10:Original2022-06-3005442816ns10:Originalns5:LandBuildings2022-07-012023-06-3005442816ns10:Originalns5:LandBuildings2023-06-3005442816ns10:Originalns5:FurnitureFittings2023-06-3005442816ns10:Originalns5:MotorVehicles2023-06-3005442816ns10:Originalns5:ComputerEquipment2023-06-3005442816ns10:Originalns5:LandBuildings2022-06-3005442816ns10:Originalns5:FurnitureFittings2022-06-3005442816ns10:Originalns5:MotorVehicles2022-06-3005442816ns10:Originalns5:ComputerEquipment2022-06-3005442816ns10:Originalns5:LeasedAssetsHeldAsLessee2022-07-012023-06-3005442816ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3005442816ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3005442816ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3005442816ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-30
REGISTERED NUMBER: 05442816 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Meadow Care Homes Ltd

Meadow Care Homes Ltd (Registered number: 05442816)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Meadow Care Homes Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr J S Baryah
Mr G S Baryah
Mr S S Battoo
Mr V K Sharma





SECRETARY: Mr J S Baryah





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 05442816 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Meadow Care Homes Ltd (Registered number: 05442816)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,125,117 3,136,231
Investment property 5 1,427,911 1,427,491
4,553,028 4,563,722

CURRENT ASSETS
Debtors 6 3,604,236 3,062,454
Cash at bank and in hand 23,279 268,086
3,627,515 3,330,540
CREDITORS
Amounts falling due within one year 7 637,634 767,125
NET CURRENT ASSETS 2,989,881 2,563,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,542,909

7,127,137

CREDITORS
Amounts falling due after more than one year 8 (3,057,770 ) (3,233,903 )

PROVISIONS FOR LIABILITIES (7,967 ) -
NET ASSETS 4,477,172 3,893,234

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,477,072 3,893,134
SHAREHOLDERS' FUNDS 4,477,172 3,893,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 28 December 2023 and were signed on its behalf by:





Mr J S Baryah - Director


Meadow Care Homes Ltd (Registered number: 05442816)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Meadow Care Homes Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
2/3 Belvedere Road - 50% on reducing balance
Fixtures and fittings - 15% on reducing balance basis
Motor vehicles - 25% on reducing balance basis
Computer equipment - 33.33% on straight line basis

The directors have carried out a full impairment review in accordance with Financial Reporting Standard 11, as a result of which no depreciation charge is made in respect of freehold property on the grounds that the estimated residual value is not materially different from its carrying value in the Balance Sheet.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2022 - 48 ) .

Meadow Care Homes Ltd (Registered number: 05442816)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
2/3 Fixtures
Belvedere and Motor Computer
Road fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 2,922,226 398,549 49,530 20,046 3,390,351
Additions - 24,836 - 5,277 30,113
At 30 June 2023 2,922,226 423,385 49,530 25,323 3,420,464
DEPRECIATION
At 1 July 2022 - 234,326 5,160 14,634 254,120
Charge for year - 27,458 11,093 2,676 41,227
At 30 June 2023 - 261,784 16,253 17,310 295,347
NET BOOK VALUE
At 30 June 2023 2,922,226 161,601 33,277 8,013 3,125,117
At 30 June 2022 2,922,226 164,223 44,370 5,412 3,136,231

Included within Fixtures and Fittings, are assets of £180,460, which were acquired under a finance lease.

Included within Motor vehicles are assets of £49,530, which were acquired under a hire purchase agreement,

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 1,427,491
Additions 420
At 30 June 2023 1,427,911
NET BOOK VALUE
At 30 June 2023 1,427,911
At 30 June 2022 1,427,491

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 104,591 78,433
Other debtors 35,285 35,285
MCH 2 partnership 2,010,304 1,749,772
Deferred tax asset - 21,645
Prepayments 6,474 2,192
2,156,654 1,887,327

Amounts falling due after more than one year:
Baryah properties & other long term debtors 1,447,582 1,175,127

Aggregate amounts 3,604,236 3,062,454

Meadow Care Homes Ltd (Registered number: 05442816)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 183,249 229,544
Other loans - less than 1 yr 54,597 237,512
Hire purchase contracts 8,895 27,502
Trade creditors 47,625 44,868
Tax 148,132 101,815
Social security and other taxes 41,761 21,838
Advance fees 13,583 5,649
RBS business credit card 12,792 -
Payroll Control a/c 97,255 81,926
Accruals and deferred income 29,745 16,471
637,634 767,125

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 3,052,582 3,179,421
Other Loans - 1-5 years - 40,399
Hire purchase contracts 5,188 14,083
3,057,770 3,233,903

9. RELATED PARTY DISCLOSURES

During the period, the company held an interest free loan due from Baryahs' Properties, a property investment partnership in which all the directors are partners.The balance due to the company as at 30 June 2023 amounted to £1,323,653 (2022; £1,073,494). The balance is shown in debtors falling due after more than one year.

During the period, JS & GS Properties a property investment partnership of which Messrs G S & J S Baryah are partners, had a balance due to the company as at 30 June 2023 which amounted to £103,790 (2022: £96,590). The loan was made on an interest free basis.The balance is shown in debtors falling due after more than one year

Baryah's at Fishponds, a convenience store partnership which Messrs G S & J S Baryah are partners, had a balance due to the company as at 30 June 2023 which amounted to £8,134 (2022: £8,134). The loan was made on an interest free basis.The balance is shown in debtors falling due after more than one year.

During the period, the company had an amount due from Meadow Care 2 partnership, in which all the directors are partners.The balance due to the company as at 30 June 2023 amounted to £2,010,304 (2022; £1,749,772).

During the year there was a administration recharge fee received from Meadow Care 2 partnership of £120,000 (2022; £60,000), in respect the integrated costs and services between the two care homes.

10. ULTIMATE CONTROLLING PARTY

Meadow Care Homes Limited was under the joint control of the directors by virtue of their shareholdings' in the company.