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REGISTERED NUMBER: 08283893 (England and Wales)










Financial Statements

for the Year Ended 29 April 2023

for

Agnes And Arthur Limited

Agnes And Arthur Limited (Registered number: 08283893)






Contents of the Financial Statements
for the Year Ended 29 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Agnes And Arthur Limited

Company Information
for the Year Ended 29 April 2023







DIRECTORS: S Klonin
W Morris
P Morris
L S Morris
W Morris Jnr


REGISTERED OFFICE: Moorland View
Bradeley
Stoke-On-Trent
Staffordshire
ST6 7NG


REGISTERED NUMBER: 08283893 (England and Wales)


SENIOR STATUTORY AUDITOR: Jeffrey Bor FCA


AUDITORS: SCB (Accountants) Limited
31 Sackville street
Manchester
M1 3LZ


BANKERS: HSBC (Midland)
130 New Street
Birmingham
West Midlands
B2 4JU

Agnes And Arthur Limited (Registered number: 08283893)

Balance Sheet
29 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 262,685 272,284

CURRENT ASSETS
Debtors 6 39,421 42,946
Cash at bank and in hand 422,270 391,067
461,691 434,013
CREDITORS
Amounts falling due within one year 7 (266,581 ) (236,090 )
NET CURRENT ASSETS 195,110 197,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

457,795

470,207

CREDITORS
Amounts falling due after more than one year 8 (20,471 ) (26,239 )

PROVISIONS FOR LIABILITIES (22,002 ) (21,793 )
NET ASSETS 415,322 422,175

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 414,322 421,175
SHAREHOLDERS' FUNDS 415,322 422,175

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





P Morris - Director


Agnes And Arthur Limited (Registered number: 08283893)

Notes to the Financial Statements
for the Year Ended 29 April 2023

1. STATUTORY INFORMATION

Agnes And Arthur 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from when the financial statements are authorised for issue.Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Since this year end the directors are aware of increased occupancy levels and increased average fee rates which gives the directors confidence that the company has sufficient resources to continue trading profitably.

The going concern basis assumes that the company will continue to receive the support of its parent company, fellow subsidiaries, and the Group bankers.

The care home premises are owned by the parent company, Resimed Limited. The parent company is funded by bank lending of £2.9m at the year-end.

The parent company also has material HMRC liabilities of £687,262 which are provisional and have been appealed against and not yet agreed with HMRC. The repayment period of these liabilities are unknown together with any final agreed liabilities which creates material uncertainty that may cast significant doubt on the parent company's ability to continue as a going concern. If the parent company were to cease, this company would be unable to trade and, as such, a material uncertainty relating to going concern exists within the company.

The Directors having considered the assessment with the HMRC and are in the view that the HMRC has duplicated the assessment.

We have examined the assumptions underlying the projections and are satisfied that those assumptions are reasonable.The financial statements have been prepared on a going concern basis which forecasts that the Company will be able to meet its financial obligations for a period of at least 12 months from the date of this financial report.

TURNOVER
The company provides residential and care services to the elderly. Turnover is represents the fees due for the services provided during the year.

Agnes And Arthur Limited (Registered number: 08283893)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2023

2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less residual values over the useful life on the following basis:

Plant and machinery - 5% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

EQUITY INSTRUMENTS
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Agnes And Arthur Limited (Registered number: 08283893)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2023

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

CLASSIFICATION OF FINANCIAL LIABILITIES
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BASIC FINANCIAL LIABILITIES
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Agnes And Arthur Limited (Registered number: 08283893)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2023

2. ACCOUNTING POLICIES - continued

PROVISION
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

HIRE PURCHASE AND LEASING COMMITMENT
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

EMPLOYEE BENEFITS
The company provides a range of benefits to employees. Short term benefits, including holiday pay, are recognised as an expense in the profit and loss account in the period in which they are incurred. The company operates a defined contribution plan for its employees. Amounts in respect of defined contribution plans are recognised as an expense in the profit and loss account when they are due.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as described below.

As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual lives are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidence by disposals during current and prior accounting periods.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2022 - 52 ) .

Agnes And Arthur Limited (Registered number: 08283893)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2023

4. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

4,800

4,200
Total audit fees 4,800 4,200

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 30 April 2022 113,112 326,018 53,500 492,630
Additions - 22,054 - 22,054
At 29 April 2023 113,112 348,072 53,500 514,684
DEPRECIATION
At 30 April 2022 31,106 167,506 21,734 220,346
Charge for year 5,655 18,056 7,942 31,653
At 29 April 2023 36,761 185,562 29,676 251,999
NET BOOK VALUE
At 29 April 2023 76,351 162,510 23,824 262,685
At 29 April 2022 82,006 158,512 31,766 272,284

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,588 31,736
Amounts owed by group undertakings 6,649 4,118
Other debtors - 445
Prepayments and accrued income 11,184 6,647
39,421 42,946

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of payment and are payable on demand.

Agnes And Arthur Limited (Registered number: 08283893)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,768 5,467
Trade creditors 48,255 51,765
Amounts owed to group undertakings 36,118 20,394
Social security and other tax 113,196 57,621
Other creditors 36,083 52,890
Directors' loan accounts 2,000 2,000
Accruals and deferred income 25,161 45,953
266,581 236,090

Composite Company Unlimited Multilateral Guarantee in favour of HSBC Bank PLC dated 4th August 2023 given by Resimed Limited, Florence House (Staffordshire) Limited, Agnes and Arthur Limited and The Place Up Hanley Limited.

Debenture dated 18 May 2015 in favour of HSBC Bank PLC incorporating a Fixed and Floating Charge over all present freehold and leasehold property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and future of the company.

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of payment and are payable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 20,471 26,239

9. CALLED UP SHARE CAPITAL

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

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

The Report of the Auditors was unqualified.


We draw attention to Going Concern as per note 2 accounting policies which indicates events or conditions that indicate a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Jeffrey Bor FCA (Senior Statutory Auditor)
for and on behalf of SCB (Accountants) Limited

Agnes And Arthur Limited (Registered number: 08283893)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2023

11. RELATED PARTY DISCLOSURES

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.

12. CONTROLLING PARTY

The ultimate controlling company is Resimed Limited, a company registered in England and Wale. The consolidated financial statements can be obtained from Companies House.