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REGISTERED NUMBER: 04283031 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

YEW TREE CARE LIMITED

YEW TREE CARE LIMITED (REGISTERED NUMBER: 04283031)

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










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


YEW TREE CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr R S Patel
Mrs L R Patel



SECRETARY: Mrs L R Patel



REGISTERED OFFICE: 505 Pinner Road
Harrow
London
HA2 6EH



REGISTERED NUMBER: 04283031 (England and Wales)



ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH



BANKERS: Barclays Bank Plc

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
YEW TREE CARE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yew Tree Care Limited for the year ended 31 March 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Yew Tree Care Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Yew Tree Care Limited and state those matters that we have agreed to state to the Board of Directors of Yew Tree Care Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yew Tree Care Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Yew Tree Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Yew Tree Care Limited. You consider that Yew Tree Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Yew Tree Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


1 December 2023

YEW TREE CARE LIMITED (REGISTERED NUMBER: 04283031)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,180,068 2,732,343
3,180,068 2,732,343

CURRENT ASSETS
Stocks 4,377 4,251
Debtors 6 956,015 984,689
Cash at bank 219,205 243,362
1,179,597 1,232,302
CREDITORS
Amounts falling due within one year 7 1,013,227 926,018
NET CURRENT ASSETS 166,370 306,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,346,438

3,038,627

CREDITORS
Amounts falling due after more than one year 8 (978,565 ) (1,241,181 )

PROVISIONS FOR LIABILITIES (33,268 ) (34,587 )
NET ASSETS 2,334,605 1,762,859

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Revaluation reserve 12 1,152,019 725,578
Retained earnings 12 1,172,586 1,027,281
SHAREHOLDERS' FUNDS 2,334,605 1,762,859

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

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

YEW TREE CARE LIMITED (REGISTERED NUMBER: 04283031)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 30 November 2023 and were signed on its behalf by:





Mr R S Patel - Director


YEW TREE CARE LIMITED (REGISTERED NUMBER: 04283031)

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


1. STATUTORY INFORMATION

Yew Tree 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents fees receivable for services provided. Turnover is recognised when the company has a right to consideration.

Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated amortisation and impairment losses, if any. All impairment loss for goodwill is recognised directly in profit or loss in the statement of comprehensive income. Goodwill is amortised over 15 years from the date of purchase of the business.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost of building
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Inventories
Inventories are measured at the lower of cost and selling price less cost to sell. Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.

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 statement of financial position date.


YEW TREE CARE LIMITED (REGISTERED NUMBER: 04283031)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 97 (2022 - 107 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 810,000
AMORTISATION
At 1 April 2022
and 31 March 2023 810,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

YEW TREE CARE LIMITED (REGISTERED NUMBER: 04283031)

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


5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2022 2,837,073 1,128,057 - 13,819 3,978,949
Additions - 52,524 49,390 - 101,914
Revaluations 429,880 - - - 429,880
At 31 March 2023 3,266,953 1,180,581 49,390 13,819 4,510,743
DEPRECIATION
At 1 April 2022 237,929 996,792 - 11,885 1,246,606
Charge for year 28,938 45,947 8,232 952 84,069
At 31 March 2023 266,867 1,042,739 8,232 12,837 1,330,675
NET BOOK VALUE
At 31 March 2023 3,000,086 137,842 41,158 982 3,180,068
At 31 March 2022 2,599,144 131,265 - 1,934 2,732,343

Cost or valuation at 31 March 2023 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2014 341,178 - - - 341,178
Valuation in 2015 150,000 - - - 150,000
Valuation in 2016 150,000 - - - 150,000
Valuation in 2018 100,000 - - - 100,000
Valuation in 2023 429,880 - - - 429,880
Cost 2,095,895 1,180,581 49,390 13,819 3,339,685
3,266,953 1,180,581 49,390 13,819 4,510,743

Freehold land and buildings were valued on an open market basis on 31 March 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 120,080 16,314
Amounts owed by connected companies 835,935 958,935
Other debtors - 9,440
956,015 984,689

YEW TREE CARE LIMITED (REGISTERED NUMBER: 04283031)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 89,532 92,041
Other loans (see note 9) 175,503 171,222
Trade creditors - 177,400
Amounts owed to connected companies 32,000 -
Tax 28,694 46,271
Social security and other taxes 38,395 24,581
Other creditors 17,684 12,420
Wages control 171,241 155,977
Directors' current accounts 442,152 225,226
Accrued expenses 18,026 20,880
1,013,227 926,018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 425,290 512,403
Other loans (see note 9) 553,275 728,778
978,565 1,241,181

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 67,163 144,239

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 89,532 92,041
Other loans 175,503 171,222
265,035 263,263

Amounts falling due between one and two years:
Bank loans - 1-2 years 89,532 92,041
Other loans - 1-2 years 179,890 175,503
269,422 267,544

YEW TREE CARE LIMITED (REGISTERED NUMBER: 04283031)

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


9. LOANS - continued
2023 2022
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 268,595 276,123
Other loans - 2-5 years 373,385 553,275
641,980 829,398

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 67,163 144,239

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 514,822 604,444
Other loans 728,778 900,000
1,243,600 1,504,444

The bank loans are secured by a fixed charge and a debenture over the properties and other assets of the company. The rate of interest varies between 1.25% to 2.60% above the Bank's Base Rate per annum and the loans are repayable over 10 years to 25 years.

The other loan is secured by a legal charge over one of the properties of the company. The other loan is repayable over five years and the rate of interest is 2.50% per annum.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary shares £1 10,000 10,000

YEW TREE CARE LIMITED (REGISTERED NUMBER: 04283031)

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


12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 1,027,281 725,578 1,752,859
Profit for the year 202,266 202,266
Dividends (60,400 ) (60,400 )
Movements during the year - 429,880 429,880
Transfer between reserves 3,439 (3,439 ) -
At 31 March 2023 1,172,586 1,152,019 2,324,605

13. TRANSACTIONS WITH THE DIRECTORS

During the year, the company paid dividends of £45,300 (2022: £Nil) to the directors.

14. RELATED PARTY DISCLOSURES

At the year end the company was owed £835,935 (2022: £958,935) by Baggins Holding Limited, a company in which the directors have a beneficial interest. The amount owed is repayable on demand and interest free.

At the year end the company owed £32,000 (2022: £Nil) to Finbond Limited, a company in which the directors have a beneficial interest. The amount owed is repayable on demand and interest free.

15. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controller as they hold all of the issued share capital of the company.