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REGISTERED NUMBER: 05332774 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ESK HALL LIMITED

ESK HALL LIMITED (REGISTERED NUMBER: 05332774)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ESK HALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R J D Inman
C N Spencer



SECRETARY: R J D Inman



REGISTERED OFFICE: Oak Trees Care Home
Main Street
Alne
North Yorkshire
YO61 1TB



REGISTERED NUMBER: 05332774 (England and Wales)



SENIOR STATUTORY AUDITOR: Diccon Thornely



AUDITORS: Sedulo Audit Limited
Statutory Auditors
605 Albert House
256-260 Old Street
London
EC1V 9DD

ESK HALL LIMITED (REGISTERED NUMBER: 05332774)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,035 3,035

CURRENT ASSETS
Stocks - 163,177
Debtors 5 1,076,090 1,102,464
Cash at bank 1,894 5,490
1,077,984 1,271,131
CREDITORS
Amounts falling due within one year 6 806,016 1,009,153
NET CURRENT ASSETS 271,968 261,978
TOTAL ASSETS LESS CURRENT LIABILITIES 275,003 265,013

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 274,903 264,913
SHAREHOLDERS' FUNDS 275,003 265,013

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 March 2024 and were signed on its behalf by:





R J D Inman - Director


ESK HALL LIMITED (REGISTERED NUMBER: 05332774)

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


1. STATUTORY INFORMATION

Esk Hall 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 principal activity of the company during the year was the provision of management services to care homes and development and sale of residential property.

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 as modified by the revaluation of certain assets.

The financial statements are prepared in Sterling (GBP), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

Going concern
The company utilises funding from its parent company from whom an undertaking has been received that repayment will not be sought until such time as sufficient funds are available. During the year end the company realized a profit on the sale of its remaining property development, proceeds of which were used to settle mortgage funding and provide additional working capital for the company. Subsequent to the property sale the company's outgoings are negligible and it expects to be able to meet its liabilities as and when they fall due.

Accordingly, at the time of signing these accounts the Directors are of the opinion that the company will remain viable for the foreseeable future and therefore these financial statements have been prepared on the going concern basis.

ESK HALL LIMITED (REGISTERED NUMBER: 05332774)

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


2. ACCOUNTING POLICIES - continued

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Recoverablity of balance from participating interest

The Directors judge the amount due from participating interest as fully recoverable for the following reasons:

The Company is engaged in discussions with the FCG to recover the debt, and has provided quantified statements via legal channels to support the company's stance.

The Company has reviewed the FCG posted financial statements and is aware, that the balance sheet still posts a strong net asset balance.

The Company is also aware of the financial value to it's shareholding of the FCG, and notes the financial position of the company post creditors, short and long term, and still deems there to be a satisfactory financial return from it's investment.

Notwithstanding the above the Directors acknowledge the below:

The Company has no involvement of the FCG trading and is also aware of the FCG's recent grading via the CQC which causes concern for two reasons:
- The damage to the company and it's independent reputation as a quality care provider
- The financial strength of the FCG as it continues to trade

The discussions around the relationship between the company and the FCG are open to the company parting ways with the FCG and securing guarantees/ charges, in relation to the debt.
Whilst the discussions are ongoing, the company is still progressing, via solicitors, to retrieve a settlement position/ charge on the outstanding balance.

Whilst the Directors are aware disputes are two sided, the company has created several potential balance sheets, to forecast the impact of any settlement the company is willing to accept with the FCG.

The Directors are therefore confident of recovering the full balance of the monies due from the participating interest but accept the limitation of scope recorded in the audit opinion.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stock and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ESK HALL LIMITED (REGISTERED NUMBER: 05332774)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

The company only enters into transactions in 'basic' financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost, and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classified as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially recognised at present value of future cash flows and subsequently at amortised costs using the effective interest method. Basic financial liabilities classified as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amounts reported 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.

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.

Investments
Investments in associates are accounted for at cost less impairment.

Investments in participating interests are accounted for at cost less impairment.

Operating leases
Rental income under operating leases is charged / credited to the profit and loss account for the period to which it relates.

ESK HALL LIMITED (REGISTERED NUMBER: 05332774)

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


3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 April 2022
and 31 March 2023 3,035
NET BOOK VALUE
At 31 March 2023 3,035
At 31 March 2022 3,035

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 411
Amounts owed by group undertakings 35,869 -
Amounts owed by participating interests 1,030,282 1,030,282
Other debtors 9,939 71,771
1,076,090 1,102,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 118,109
Trade creditors - 4,064
Amounts owed to group undertakings 779,778 863,085
Taxation and social security 11,739 9,396
Other creditors 14,499 14,499
806,016 1,009,153

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans - 118,020

ESK HALL LIMITED (REGISTERED NUMBER: 05332774)

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


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'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 qualified opinion.

The scope of our work was limited in that we were unable to obtain sufficient audit evidence concerning the accuracy of Amounts owed by participating interest of £1,030,282 (note 5). Based on the enquiries and procedures we were able to undertake the debtor balance may be overstated by up to £502,420. Consequently, our report is qualified in respect of this matter.

Diccon Thornely (Senior Statutory Auditor)
for and on behalf of Sedulo Audit Limited

9. RELATED PARTY DISCLOSURES

Included in debtors is an amount owed by Fisher Care Group Limited, a participating interest, of £1,030,282 (2022: £1,030,282). Interest is chargeable on certain parts of this debtor at rates of 2% and 3.5% over Santander loan rate. No interest has been charged in the current period due to uncertainty over the quantum of the loan balance. Once loan balance has been agreed by both parties interest will be charged.

Included in debtors is an amount owed by Castellum (Summerbridge MC) Limited, a company with common shareholders, of £Nil (2022: £52,718). No interest is chargeable on this balance.

Included in debtors is an amount owed by The Fisher Partnership Limited, a fellow group undertaking, of £35,869 (2022: £54,700) owed to the Fisher Partnership Limited. No interest is chargeable on this balance.

Included in creditors is an amount owed to the company's immediate parent undertaking, The TFP Group Limited, of £779,778 (2022: £808,385). No interest is chargeable on this balance.