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REGISTERED NUMBER: 12113517 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Quinton House Care Limited

Quinton House Care Limited (Registered number: 12113517)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quinton House Care Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Dr M A Raja
F J Raja





REGISTERED OFFICE: 962 Eastern Avenue
Newbury Park
Ilford
Essex
IG2 7JD





REGISTERED NUMBER: 12113517 (England and Wales)





ACCOUNTANTS: Alderton Accountancy Limited
Chartered Certified Accountants
962 Eastern Avenue
Newbury Park
Essex
IG2 7JD

Quinton House Care Limited (Registered number: 12113517)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,429,653 -
Investments 5 3,570,810 -
6,000,463 -

CURRENT ASSETS
Debtors 6 - 100

CREDITORS
Amounts falling due within one year 7 412,096 -
NET CURRENT (LIABILITIES)/ASSETS (412,096 ) 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,588,367

100

CREDITORS
Amounts falling due after more than one
year

8

5,588,267

-
NET ASSETS 100 100

CAPITAL AND RESERVES
Called up share capital 100 100
100 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Quinton House Care Limited (Registered number: 12113517)

Balance Sheet - continued
31 August 2023


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 22 March 2024 and were signed on its behalf by:





F J Raja - Director


Quinton House Care Limited (Registered number: 12113517)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Quinton House Care 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Quinton House Care Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 50 years based on cost/revalued amount

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

Quinton House Care Limited (Registered number: 12113517)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 2,429,653
At 31 August 2023 2,429,653
NET BOOK VALUE
At 31 August 2023 2,429,653

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 3,570,810
At 31 August 2023 3,570,810
NET BOOK VALUE
At 31 August 2023 3,570,810

The above represents investments made in Quinton House Limited, which is a company registered in England and Wales. On 19th May 2023, Quinton House Care Limited purchased 100 shares of Quinton House Limited.

The value of investments in the financial statements are stated at cost less accumulated impairment.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 81,667 -
Amounts owed to group undertakings 328,929 -
Accrued expenses 1,500 -
412,096 -

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 5,588,267 -

Quinton House Care Limited (Registered number: 12113517)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,088,504 -

Repayable by instalments
Bank loans more 5 yr by instal 3,103,901 -

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 81,667 -

Amounts falling due between one and two years:
Bank loans - 1-2 years 88,065 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 307,797 -

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,088,504 -

Repayable by instalments
Bank loans more 5 yr by instal 3,103,901 -

On 18 May 2023, the company entered into a loan agreement with Unity Trust Bank Plc, securing a loan facility amounting to £3.6 million. This loan is repayable over a term of 10 years. The annual interest rate applicable to this loan is 7.5%.

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,581,429 -

The bank loans are secured by legal charges over the associated properties.