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Registered Number: 07852619


 

 

 

PEARTREELIFECARE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Directors Megan Chinaka
Tatenda Billy Chinaka
Registered Number 07852619
Registered Office The University of Northampton
Innovation Centre, Green Street
Northampton
Northamptonshire
NN1 1SY
Accountants EMUS
148 Rye House
113 High Street
Ruislip
HA4 8JN
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 November 2023.
Principal activities
Principal activity of the company during the financial period was that of the provision of health and social care services
Directors
The directors who served the company throughout the year were as follows:
Megan Chinaka
Tatenda Billy Chinaka
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
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 United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). 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 the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • 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 enable them to ensure that the financial statements comply with the Companies Act 2006. The directors 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.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Megan Chinaka
Director

Date approved: 30 November 2023
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
EMUS
30 November 2023



....................................................
EMUS
148 Rye House
113 High Street
Ruislip
HA4 8JN
30 November 2023
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 62,690    57,582 
62,690    57,582 
Current assets      
Debtors: amounts falling due within one year 4 96,627    73,943 
Debtors: amounts falling due after one year 5 95,072    78,917 
Cash at bank and in hand (17,648)   (13,869)
174,051    138,991 
Creditors: amount falling due within one year 6 (132,276)   (85,357)
Net current assets 41,775    53,634 
 
Total assets less current liabilities 104,465    111,216 
Creditors: amount falling due after more than one year 7 (75,099)   (61,718)
Net assets 29,366    49,498 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 29,364    49,496 
Shareholder's funds 29,366    49,498 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 November 2023 and were signed on its behalf by:


-------------------------------
Megan Chinaka
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 December 2021 2  1,025  1,027 
Profit for the year 90,526  90,526 
Total comprehensive income for the year 90,526  90,526 
Dividends (42,055) (42,055)
Total investments by and distributions to owners (42,055) (42,055)
At 30 November 2022 2  49,496  49,498 
At 01 December 2022 2  49,497  49,499 
Profit for the year 61,008  61,008 
Total comprehensive income for the year 61,008  61,008 
Dividends (81,141) (81,141)
Total investments by and distributions to owners (81,141) (81,141)
At 30 November 2023 2  29,364  29,366 
5
General Information
PEARTREELIFECARE LIMITED is a private company, limited by shares, registered in , registration number 07852619, registration address The University of Northampton, Innovation Centre, Green Street, Northampton, Northamptonshire, NN1 1SY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.

Average number of employees


Average number of employees during the year was 50 (2022 : 40).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 December 2022 37,201    70,099    107,300 
Additions   25,366    25,366 
Disposals   (13,134)   (13,134)
At 30 November 2023 37,201    82,331    119,532 
Depreciation
At 01 December 2022 25,552    24,166    49,718 
Charge for year 9,300    14,241    23,541 
On disposals   (16,417)   (16,417)
At 30 November 2023 34,852    21,990    56,842 
Net book values
Closing balance as at 30 November 2023 2,349    60,341    62,690 
Opening balance as at 01 December 2022 11,649    45,933    57,582 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 96,627    15,000 
Directors' Current Accounts   58,943 
96,627    73,943 

5.

Debtors: amounts falling due after one year

2023
£
  2022
£
Other Debtors 26,574    78,917 
Directors Loan Accounts 68,498   
95,072    78,917 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 39,667    31,552 
PAYE & Social Security 86,108    48,304 
Accrued Expenses 6,500    5,500 
Other Creditors 1    1 
132,276    85,357 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 75,099   
Debenture Loans   61,718 
75,099    61,718 

6