Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30No description of principal activity422022-10-01false44truetrue 11846867 2022-10-01 2023-09-30 11846867 2021-10-01 2022-09-30 11846867 2023-09-30 11846867 2022-09-30 11846867 c:Director1 2022-10-01 2023-09-30 11846867 d:Buildings 2022-10-01 2023-09-30 11846867 d:Buildings 2023-09-30 11846867 d:Buildings 2022-09-30 11846867 d:Buildings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 11846867 d:PlantMachinery 2022-10-01 2023-09-30 11846867 d:PlantMachinery 2023-09-30 11846867 d:PlantMachinery 2022-09-30 11846867 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 11846867 d:FurnitureFittings 2022-10-01 2023-09-30 11846867 d:FurnitureFittings 2023-09-30 11846867 d:FurnitureFittings 2022-09-30 11846867 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 11846867 d:OfficeEquipment 2022-10-01 2023-09-30 11846867 d:OfficeEquipment 2023-09-30 11846867 d:OfficeEquipment 2022-09-30 11846867 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 11846867 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 11846867 d:Goodwill 2022-10-01 2023-09-30 11846867 d:Goodwill 2023-09-30 11846867 d:Goodwill 2022-09-30 11846867 d:CurrentFinancialInstruments 2023-09-30 11846867 d:CurrentFinancialInstruments 2022-09-30 11846867 d:Non-currentFinancialInstruments 2023-09-30 11846867 d:Non-currentFinancialInstruments 2022-09-30 11846867 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 11846867 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 11846867 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 11846867 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 11846867 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 11846867 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 11846867 d:ShareCapital 2023-09-30 11846867 d:ShareCapital 2022-09-30 11846867 d:RevaluationReserve 2023-09-30 11846867 d:RevaluationReserve 2022-09-30 11846867 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 11846867 d:RetainedEarningsAccumulatedLosses 2023-09-30 11846867 d:RetainedEarningsAccumulatedLosses 2022-09-30 11846867 c:FRS102 2022-10-01 2023-09-30 11846867 c:Audited 2022-10-01 2023-09-30 11846867 c:FullAccounts 2022-10-01 2023-09-30 11846867 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 11846867 c:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 11846867 5 2022-10-01 2023-09-30 11846867 d:Goodwill d:OwnedIntangibleAssets 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 11846867









MOORHOUSE CARE SERVICES LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
MOORHOUSE CARE SERVICES LIMITED
REGISTERED NUMBER: 11846867

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
77,867
90,667

Tangible assets
 5 
2,596,633
2,688,893

  
2,674,500
2,779,560

Current assets
  

Debtors: amounts falling due within one year
 6 
81,876
28,327

Cash at bank and in hand
 7 
365,651
293,422

  
447,527
321,749

Creditors: amounts falling due within one year
 8 
(326,398)
(244,018)

Net current assets
  
 
 
121,129
 
 
77,731

Total assets less current liabilities
  
2,795,629
2,857,291

Creditors: amounts falling due after more than one year
 9 
(1,681,899)
(1,737,767)

Provisions for liabilities
  

Other provisions
  
(245,753)
(238,394)

  
 
 
(245,753)
 
 
(238,394)

Net assets
  
867,977
881,130


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 11 
711,383
711,383

Profit and loss account
 11 
156,494
169,647

  
867,977
881,130


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with 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 22 February 2024.

Page 1

 
MOORHOUSE CARE SERVICES LIMITED
REGISTERED NUMBER: 11846867
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023




Amit Bharat Bhundia
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
MOORHOUSE CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The 
address of the registered office is The Old Wheel House, 31/37 Church Street, Reigate, Surrey, 
RH2 0AD, United Kingdom.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

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:

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 costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

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.

Page 3

 
MOORHOUSE CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Taxation

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.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
10%

 
2.8

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 4

 
MOORHOUSE CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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
-
2%
Plant and machinery
-
20%
Fixtures and fittings
-
20%
Equipment
-
20%

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
MOORHOUSE CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.14

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position 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

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The
Page 6

 
MOORHOUSE CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.14
Financial instruments (continued)

impairment reversal is recognised in the profit or loss.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 42 (2022 - 44).

Page 7

 
MOORHOUSE CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2022
128,000



At 30 September 2023

128,000



Amortisation


At 1 October 2022
37,333


Charge for the year on owned assets
12,800



At 30 September 2023

50,133



Net book value



At 30 September 2023
77,867



At 30 September 2022
90,667



Page 8

 
MOORHOUSE CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2022
2,618,028
4,133
374,935
10,288
3,007,384


Additions
-
-
34,887
6,483
41,370



At 30 September 2023

2,618,028
4,133
409,822
16,771
3,048,754



Depreciation


At 1 October 2022
126,573
1,523
184,255
6,140
318,491


Charge for the year on owned assets
52,361
827
77,717
2,725
133,630



At 30 September 2023

178,934
2,350
261,972
8,865
452,121



Net book value



At 30 September 2023
2,439,094
1,783
147,850
7,906
2,596,633



At 30 September 2022
2,491,455
2,610
190,680
4,148
2,688,893

Cost or valuation at 30 September 2023 is as follows:

Land and buildings
£


At cost
1,555,306
At valuation:

The freehold property was revalued by an external valuer at 5 July 2022. The valuation was performed by reference to the profits method as a fully equipped and operational entity and assuming normalised market conditions. The directors do not consider that any material change has occurred in the market since that date.
1,062,722



2,618,028

Page 9

 
MOORHOUSE CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

           5.Tangible fixed assets (continued)

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2023
2022
£
£



Cost
1,555,306
1,555,306

Accumulated depreciation
(121,722)
(90,516)

Net book value
1,433,584
1,464,790


6.


Debtors

2023
2022
£
£


Trade debtors
65,385
13,828

Other debtors
16,491
14,499

81,876
28,327



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
365,651
293,422

365,651
293,422



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
55,868
54,296

Trade creditors
62,331
53,977

Other taxation and social security
14,303
12,384

Other creditors
193,896
123,361

326,398
244,018


Page 10

 
MOORHOUSE CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,141,899
1,197,767

Other loans
540,000
540,000

1,681,899
1,737,767



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
55,868
54,296


55,868
54,296


Amounts falling due 2-5 years

Bank loans
1,141,899
1,197,767

Other loans
540,000
540,000


1,681,899
1,737,767


1,737,767
1,792,063



11.


Reserves

Profit and loss account

Other than the profit for the year there were no movements on reserves.


12.


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. 

Page 11

 
MOORHOUSE CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

13.


Related party transactions

Expenses of £456 were paid by a company with common shareholders, on behalf the company during the year.

A short term loan was made to a company with common shareholders of £275,000 during the prior 
period and that the loan was repaid in full by 30 September 2022.

There were no other related party transactions or balances requiring disclosure under FRS102 
Section 1A


14.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2023 was unqualified.

The audit report was signed on 22 February 2024 by Mr Jeffrey Kelly (Senior Statutory Auditor) on behalf of Coveney Nicholls Partnership LLP.

 
Page 12