Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truetruetruetruetruetruetruetruetruetruetruetruetruetruetrue2023-01-01trueNo description of principal activity22true 10581282 2023-01-01 2023-12-31 10581282 2022-01-01 2022-12-31 10581282 2023-12-31 10581282 2022-12-31 10581282 2023-01-01 10581282 c:Director1 2023-01-01 2023-12-31 10581282 c:Director2 2023-01-01 2023-12-31 10581282 c:Director3 2023-01-01 2023-12-31 10581282 c:Director3 2023-12-31 10581282 c:Director4 2023-01-01 2023-12-31 10581282 c:Director5 2023-01-01 2023-12-31 10581282 c:Director5 2023-12-31 10581282 c:RegisteredOffice 2023-01-01 2023-12-31 10581282 d:CurrentFinancialInstruments 2023-12-31 10581282 d:CurrentFinancialInstruments 2022-12-31 10581282 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10581282 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10581282 d:ShareCapital 2023-12-31 10581282 d:ShareCapital 2022-12-31 10581282 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10581282 c:OrdinaryShareClass1 2023-12-31 10581282 c:OrdinaryShareClass1 2022-12-31 10581282 c:EntityHasNeverTraded 2023-01-01 2023-12-31 10581282 c:FRS101 2023-01-01 2023-12-31 10581282 c:Audited 2023-01-01 2023-12-31 10581282 c:FullAccounts 2023-01-01 2023-12-31 10581282 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10581282 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10581282 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 10581282







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


HOLLINGWOOD CARE HOME LIMITED






































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HOLLINGWOOD CARE HOME LIMITED
 


 
COMPANY INFORMATION


Directors
H K Arora 
A R C De Changy 
C P Hartshorne (resigned 4 January 2023)
M H Lefebvre 
S T Foxall-Smith (appointed 4 January 2023)




Registered number
10581282



Registered office
1st Floor
1 Lakeside Headlands Business Park

Salisbury Road, Blashford

Ringwood

England

BH24 3PB




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


HOLLINGWOOD CARE HOME LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 6


 


HOLLINGWOOD CARE HOME LIMITED
REGISTERED NUMBER:10581282



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Fixed assets
  

Investments
 3 
5,370,218
5,370,218

  
5,370,218
5,370,218

  

Creditors: amounts falling due within one year
 4 
(5,370,216)
(5,370,216)

Net current liabilities
  
 
 
(5,370,216)
 
 
(5,370,216)

Total assets less current liabilities
  
2
2

  

  

Net assets
  
2
2


Capital and reserves
  

Called up share capital 
 5 
2
2

  
2
2


The Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
H K Arora
Director

Date: 22 July 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 


HOLLINGWOOD CARE HOME LIMITED
 


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

1.


General information

Hollingwood Care Home Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.
The presentational and functional currency of the financial statements is the Pound Sterling (£). 
The principal activity is that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of paragraphs 45(b) and 46-52 of IFRS 2 Share-based payment
the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations
the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held For Sale and Discontinued Operations
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement
the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers
the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases. The requirements of paragraph 58 of IFRS 16, provided that the disclosure of details in indebtedness relating to amounts payable after 5 years required by company law is presented separately for lease liabilities and other liabilities, and in total
the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
 - paragraph 79(a)(iv) of IAS 1;
 - paragraph 73(e) of IAS 16 Property, Plant and Equipment;
 - paragraph 118(e) of IAS 38 Intangible Assets;
 - paragraphs 76 and 79(d) of IAS 40 Investment Property; and
 - paragraph 50 of IAS 41 Agriculture
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
the requirements of paragraph 74A(b) of IAS 16
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
Page 2

 


HOLLINGWOOD CARE HOME LIMITED
 


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

2.Accounting policies (continued)


2.2
Financial Reporting Standard 101 - reduced disclosure exemptions (continued)

the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member
the requirements of paragraphs 130(f)(ii), 130(f)(iii), 134(d)-134(f) and 135(c)-135(e) of IAS 36 Impairment of Assets.

This information is included in the consolidated financial statements of Care Tree Holding Ltd as at 31 December 2023 and these financial statements may be obtained from Companies House.



 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.



 
2.4

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.



Page 3

 


HOLLINGWOOD CARE HOME LIMITED
 


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

2.Accounting policies (continued)

  
2.5

Financial instruments

The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below:
Financial assets and financial liabilities are initially measured at fair value. 
Financial assets
All recognised financial assets are subsequently measured in their entirety at either fair value or amortised cost, depending on the classification of the financial assets.
Fair value through profit or loss
All of the Company's financial assets are subsequently measured at fair value at the end of each reporting period, with any fair value gains or losses being recognised in profit or loss to the extent they are not part of a designated hedging relationship. The net gain or loss recognised in profit or loss includes any dividend or interest earned on the financial asset. 
Impairment of financial assets
The Company always recognises lifetime ECL for trade receivables and amounts due on contracts with customers. The expected credit losses on these financial assets are estimated based on the Company's historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate. Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial instrument.
Financial liabilities
Fair value through profit or loss
Financial liabilities are classified as at fair value through profit or loss, when the financial liability is held for trading, or is designated as at fair value through profit or loss. This designation may be made if such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise, or the financial liability forms part of a group of financial instruments which is managed and its performance is evaluated on a fair value basis, or the financial liability forms part of a contract containing one or more embedded derivatives, and IFRS 9 permits the entire combined contract to be designated as at fair value through profit or loss. Any gains or losses arising on changes in fair value are recognised in profit or loss to the extent that they are not part of a designated hedging relationship.
At amortised cost
Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability.

Page 4

 


HOLLINGWOOD CARE HOME LIMITED
 


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

3.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
5,370,218



At 31 December 2023
5,370,218





4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
5,370,216
5,370,216

5,370,216
5,370,216


Balances with group undertakings are on demand and carry no interest or repayment terms.


5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2

Each ordinary share has equal voting and dividend rights.



6.


Controlling party

The company's immediate parent undertaking is Care Tree Invest 2 Ltd.
The company's ultimate parent undertaking is Care Tree Holding Ltd, a company incorporated in England and
Wales and whose registered office is 1st Floor, 1 Lakeside Headlands Business Park, Salisbury Road, Blashford
Ringwood, United Kingdom, BH23 3PB. Copies of group financial statements may be obtained from the Registrar of
Companies for England & Wales.

Page 5

 


HOLLINGWOOD CARE HOME LIMITED
 


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

7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 23 July 2024 by Andrew Galliers (FCA) (Senior statutory auditor) on behalf of Menzies LLP.

Page 6