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REGISTERED NUMBER: 03424491 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

POSTGRAD LIMITED

POSTGRAD LIMITED (REGISTERED NUMBER: 03424491)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POSTGRAD LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: R B Sodha
B C Sodha





SECRETARY: B B Sodha





REGISTERED OFFICE: 3rd Floor Westbury House
23-25 Bridge Street
Pinner
Middlesex
HA5 3HR





REGISTERED NUMBER: 03424491 (England and Wales)





AUDITORS: Accumen Business Consultancy Limited
Coventry University
Technology Park
Puma Way
Coventry
CV1 2TT

POSTGRAD LIMITED (REGISTERED NUMBER: 03424491)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,010,865 2,982,940
3,010,865 2,982,940

CURRENT ASSETS
Debtors 7 77,951 96,630
Cash at bank and in hand 27,708 127,017
105,659 223,647
CREDITORS
Amounts falling due within one year 8 1,977,291 1,617,315
NET CURRENT LIABILITIES (1,871,632 ) (1,393,668 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,139,233

1,589,272

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,139,133 1,589,172
SHAREHOLDERS' FUNDS 1,139,233 1,589,272

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 24 April 2024 and were signed on its behalf by:





B C Sodha - Director


POSTGRAD LIMITED (REGISTERED NUMBER: 03424491)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023


1. STATUTORY INFORMATION

Postgrad 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, as modified by the revaluation of investment properties measured at fair value through the income statement.

Significant judgements and estimates
No significant judgements have been made by management in preparing these financial statements.

The director has made the following key assumptions:

The fair value estimation of the investment property is based on the latest independent valuation obtained, the state of the property market in the location where the property is situated and rental potential of the property.

The recoverability of the carrying amount of balances receivable from the group undertaking is determined after giving consideration to past experience of collecting payments and the financial position of the relevant group undertaking.

A different assessment of these considerations may result in different values being determined.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts.

Turnover also includes rental income receivable by the company under the lease agreement and is recognised on a straight line basis over the term of the lease.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

15% reducing balance

POSTGRAD LIMITED (REGISTERED NUMBER: 03424491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash and cash equivalents, trade and other payables, and loans and borrowings.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are initially measured at fair value.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits. The cash and cash equivalents are stated at their nominal values, as this approximates to amortised cost.

Other financial liabilities
Other financial liabilities are subsequently measured at amortised cost using the effective interest method.

Loans and borrowings
These are initially recognised at fair value, based upon the nominal amount outstanding. Subsequent to initial recognition, they are recorded at amortised cost. Borrowing costs arising on bank borrowings are expensed as incurred within financial expense using the effective interest method.

Trade and other payables
Trade and other payables are initially recognised at fair value, based upon the nominal amount outstanding. Subsequent to initial recognition, they are recorded at amortised cost.

Impairment of financial assets
For financial assets carried at amortised cost, the amount of the impairment loss recognised is the difference between the asset's carrying amount and the present value of estimated future cash flows.

Offsetting of financial instruments
Financial assets and financial liabilities are offset and the net amount reported in the balance sheet if, and only if, there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, or to realise the assets and settle the liabilities 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.


POSTGRAD LIMITED (REGISTERED NUMBER: 03424491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investment property
Investment properties are stated at fair value. Any gains or loss arising from a change in fair value is recognised on the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2022 - 87 ) .

4. AUDITORS' REMUNERATION
31.7.23 31.7.22
£    £   
Fees payable to the company's auditors for the audit of the company's financial
statements

1,200

1,200

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 27,900
AMORTISATION
At 1 August 2022
and 31 July 2023 27,900
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

POSTGRAD LIMITED (REGISTERED NUMBER: 03424491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 2,955,000 65,002 3,020,002
Additions - 37,784 37,784
At 31 July 2023 2,955,000 102,786 3,057,786
DEPRECIATION
At 1 August 2022 - 37,062 37,062
Charge for year - 9,859 9,859
At 31 July 2023 - 46,921 46,921
NET BOOK VALUE
At 31 July 2023 2,955,000 55,865 3,010,865
At 31 July 2022 2,955,000 27,940 2,982,940

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 60,018 79,226
Other debtors 17,933 17,404
77,951 96,630

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 48,854 78,281
Amounts owed to group undertakings 1,679,550 1,220,094
Taxation and social security 30,352 49,270
Other creditors 218,535 269,670
1,977,291 1,617,315

The company has provided security in the form of a fixed legal charge on its freehold property and a fixed and floating charge over its other assets and undertakings dated 24th February 2020 to the bank in respect of a bank loan and overdraft facility granted to H & H Care Homes Limited.

POSTGRAD LIMITED (REGISTERED NUMBER: 03424491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 ORDINARY SHARES 1 100 100

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

The Report of the Auditors was unqualified.

Tejinder Saran (Senior Statutory Auditor)
for and on behalf of Accumen Business Consultancy Limited

11. RELATED PARTY DISCLOSURES

The company has provided security in the form of a fixed legal charge on its freehold property and a fixed and floating charge over its other assets and undertakings dated 24th February 2020 to the bank in respect of a bank loan and overdraft facility granted to H & H Care Homes Limited.

12. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13. POST BALANCE SHEET EVENTS

The Treelands Care Home property was sold in August 2023. Trading ceased on the same day.

14. ULTIMATE CONTROLLING PARTY

The controlling party is B C Sodha.

The ultimate controlling party is B C Sodha.

The ultimate controlling party is the director, Bharat Sodha and his family.

The ultimate parent company is Handsale Limited, a company incorporated in England and Wales.

The entity's place of business are Shakespeare Court, Shakespeare Court, Bradford BD3 9ES and Treelands Care Home, Westhill Road, Oldham OL8 2QH.

Group accounts are prepared for Handsale Limited and are available from the registered office at -

3rd Floor Westbury House
23-25 Bridge Street
Pinner
Middlesex
England
HA5 3HR