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REGISTERED NUMBER: 02390325 (England and Wales)















Strategic Report, Report of the Directors and

Audited Financial Statements for the Year Ended 31 October 2023

for

Rochcare (UK) Ltd

Rochcare (UK) Ltd (Registered number: 02390325)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 7

Balance Sheet 8

Cash Flow Statement 9

Notes to the Cash Flow Statement 10

Notes to the Financial Statements 12


Rochcare (UK) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: T Mahmood
A Mahmood





SECRETARY: T Mahmood





REGISTERED OFFICE: 75/77 Drake Street
Rochdale
Lancashire





REGISTERED NUMBER: 02390325 (England and Wales)





AUDITORS: PKW Chartered Accountants LLP
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

Rochcare (UK) Ltd (Registered number: 02390325)

Strategic Report
for the Year Ended 31 October 2023

The directors present their strategic report for the year ended 31 October 2023.

REVIEW OF BUSINESS
Rochcare (UK) Ltd is an established care home operator in the Northwest operating two care homes and a domiciliary care service.

This strategic report provides an updated overview of the financial performance, strategic initiatives, and future outlook for Rochcare (UK) Ltd for the fiscal year 2023. Our goal is to assess our current position, highlight key financial metrics, and outline strategies to ensure sustained growth and operational excellence.

Financial Performance:
The fiscal year 2023 has been a period of continued growth and operational refinement for Rochcare(UK) Ltd. Total revenue increased this year reflecting a 30% growth compared to the previous year. This positive trend is attributed to increased occupancy rates.

Operating Expenses and Cost Management:
Operating expenses have been managed prudently, with a focus on optimising resource allocation. Key cost components include staffing, medical supplies, and facility maintenance.

Investment in Infrastructure and Quality Enhancement:
Significant investments were made in 2023 to upgrade our facilities and enhance resident experience. Key initiatives included:
1. Renovation of existing facilities to modernize and improve living conditions.
2. Expansion of wellness programs and recreational activities to improve overall resident well-being.

Regulatory Compliance:
Maintaining high standards of regulatory compliance remains a top priority. In 2023, we successfully implemented an internal inspection regime , reinforcing our commitment to providing safe and high-quality care. Continuous training programs were conducted to ensure staff are well-versed in the latest compliance requirements and best practices.

Market Analysis and Future Outlook:
The demand for elderly care services continues to rise, driven by demographic trends and increased awareness of quality care options. We anticipate steady market growth and are well-positioned to capitalise on these opportunities.


Strategic Objectives:
1. Enhanced Marketing and Brand Positioning: We will intensify our marketing efforts, focusing on digital channels to increase brand visibility and highlight our unique value propositions, such as personalised care and state-of-the-art facilities.

2. Employee Development and Retention: Investing in our workforce remains critical. We will expand training programs, enhance employee benefits, and create a supportive work environment to attract and retain top talent.

3. Technology Integration: We will continue to invest in cutting-edge technologies to improve operational efficiency, enhance resident care, and streamline administrative processes.

Sustainability and Community Engagement:
Rochcare (UK) Ltd is committed to sustainability and community engagement. In 2023, we initiated several green projects, such as energy-efficient facility upgrades and waste reduction programs. Additionally, we strengthened our community ties through partnerships with local organizations and participation in social responsibility initiatives.

Conclusion:
The fiscal year 2023 has been marked by robust growth and strategic advancements for Rochcare (UK) Ltd. By focusing on our strategic objectives, we are confident in our ability to sustain this momentum and continue providing exceptional care to our residents. This report outlines our roadmap for the future, emphasizing our commitment to quality, growth, and community well-being.

We look forward to the opportunities and challenges ahead, confident in our ability to achieve our goals and uphold our mission of delivering compassionate and dignified care to the elderly.


Rochcare (UK) Ltd (Registered number: 02390325)

Strategic Report
for the Year Ended 31 October 2023

PRINCIPAL RISKS AND UNCERTAINTIES
The directors are aware of the principal risks and uncertainties facing the company and in brief these are:-

a) Changes in state funding provision; and
b) Other changes in regulation of the business leading to increased costs.

The company will continue to look for further savings while maintaining care standards.

ON BEHALF OF THE BOARD:





A Mahmood - Director


25 July 2024

Rochcare (UK) Ltd (Registered number: 02390325)

Report of the Directors
for the Year Ended 31 October 2023

The directors present their report with the financial statements of the company for the year ended 31 October 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the operation of care homes and the provision of domiciliary care services.

DIVIDENDS
No dividends will be distributed for the year ended 31 October 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

T Mahmood
A Mahmood

POLITICAL DONATIONS AND EXPENDITURE
No political donations were made in the year (2022: nil).

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





A Mahmood - Director


25 July 2024

Report of the Independent Auditors to the Members of
Rochcare (UK) Ltd

Opinion
We have audited the financial statements of Rochcare (UK) Ltd (the 'company') for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 October 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of
Rochcare (UK) Ltd


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- review of financial statement disclosures and vouching to supporting documentation to assess compliance with applicable laws and regulations;
- auditing the risk of management override of controls, including the testing of journal entries and other adjustments for appropriateness;
- testing the effectiveness of the company's internal controls and systems;
- use of analytical procedures to review client data for unusual trends and fluctuations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Michael J Pickup (Senior Statutory Auditor)
for and on behalf of PKW Chartered Accountants LLP
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

25 July 2024

Rochcare (UK) Ltd (Registered number: 02390325)

Statement of Income and
Retained Earnings
for the Year Ended 31 October 2023

2023 2022
Notes £    £   

TURNOVER 3 3,388,687 2,604,894

Cost of sales 2,489,390 1,953,654
GROSS PROFIT 899,297 651,240

Administrative expenses 712,140 2,674,242
187,157 (2,023,002 )

Other operating income 295,298 273,784
OPERATING PROFIT/(LOSS) 5 482,455 (1,749,218 )

Interest receivable and similar income 7 1,776 414
484,231 (1,748,804 )

Interest payable and similar expenses 8 54,759 34,607
PROFIT/(LOSS) BEFORE TAXATION 429,472 (1,783,411 )

Tax on profit/(loss) 9 109,014 25,313
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

320,458

(1,808,724

)

Retained earnings at beginning of year 2,952,425 4,761,149

RETAINED EARNINGS AT END OF YEAR 3,272,883 2,952,425

Rochcare (UK) Ltd (Registered number: 02390325)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 1,334,959 1,362,110

CURRENT ASSETS
Debtors 11 4,186,758 4,194,824
Investments 12 2,478 2,478
Cash in hand 199,131 218,980
4,388,367 4,416,282
CREDITORS
Amounts falling due within one year 13 1,670,209 1,947,044
NET CURRENT ASSETS 2,718,158 2,469,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,053,117

3,831,348

CREDITORS
Amounts falling due after more than one year 14 (772,999 ) (875,600 )

PROVISIONS FOR LIABILITIES 18 (7,135 ) (3,223 )
NET ASSETS 3,272,983 2,952,525

CAPITAL AND RESERVES
Called up share capital 19 100 100
Retained earnings 3,272,883 2,952,425
SHAREHOLDERS' FUNDS 3,272,983 2,952,525

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





A Mahmood - Director


Rochcare (UK) Ltd (Registered number: 02390325)

Cash Flow Statement
for the Year Ended 31 October 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 209,395 219,007
Interest paid (54,235 ) (33,894 )
Interest element of hire purchase payments paid (480 ) (713 )
Finance costs paid (44 ) -
Tax paid (45,494 ) (37,242 )
Net cash from operating activities 109,142 147,158

Cash flows from investing activities
Purchase of tangible fixed assets (15,475 ) (27,204 )
Sale of tangible fixed assets - 74,546
Interest received 1,776 414
Net cash from investing activities (13,699 ) 47,756

Cash flows from financing activities
Loan repayments in year (102,601 ) (193,964 )
Capital repayments in year (2,799 ) (5,196 )
Net cash from financing activities (105,400 ) (199,160 )

Decrease in cash and cash equivalents (9,957 ) (4,246 )
Cash and cash equivalents at beginning of year 2 205,819 210,065

Cash and cash equivalents at end of year 2 195,862 205,819

Rochcare (UK) Ltd (Registered number: 02390325)

Notes to the Cash Flow Statement
for the Year Ended 31 October 2023

1. RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2023 2022
£    £   
Profit/(loss) before taxation 429,472 (1,783,411 )
Depreciation charges 42,626 40,227
Loss on disposal of fixed assets - 23,255
Finance costs 54,759 34,607
Finance income (1,776 ) (414 )
525,081 (1,685,736 )
Decrease in trade and other debtors 8,066 2,055,887
Decrease in trade and other creditors (323,752 ) (151,144 )
Cash generated from operations 209,395 219,007

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 October 2023
31.10.23 1.11.22
£    £   
Cash and cash equivalents 199,131 218,980
Bank overdrafts (3,269 ) (13,161 )
195,862 205,819
Year ended 31 October 2022
31.10.22 1.11.21
£    £   
Cash and cash equivalents 218,980 210,065
Bank overdrafts (13,161 ) -
205,819 210,065


Rochcare (UK) Ltd (Registered number: 02390325)

Notes to the Cash Flow Statement
for the Year Ended 31 October 2023

3. ANALYSIS OF CHANGES IN NET DEBT

At 1.11.22 Cash flow At 31.10.23
£    £    £   
Net cash
Cash at bank and in hand 218,980 (19,849 ) 199,131
Bank overdrafts (13,161 ) 9,892 (3,269 )
205,819 (9,957 ) 195,862

Liquid resources
Current asset investments 2,478 - 2,478
2,478 - 2,478
Debt
Finance leases (2,799 ) 2,799 -
Debts falling due within 1 year (105,856 ) - (105,856 )
Debts falling due after 1 year (875,600 ) 102,601 (772,999 )
(984,255 ) 105,400 (878,855 )
Total (775,958 ) 95,443 (680,515 )

Rochcare (UK) Ltd (Registered number: 02390325)

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

1. STATUTORY INFORMATION

Rochcare (UK) Ltd 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services supplied to customers during the year.

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
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on 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.

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. TURNOVER

The turnover and profit (2022 - loss) before taxation are attributable to the one principal activity of the company.

4. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 2,003,212 1,675,203
Social security costs 132,934 102,086
Other pension costs 40,269 34,546
2,176,415 1,811,835

Rochcare (UK) Ltd (Registered number: 02390325)

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

4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2023 2022

Directors 2 2
Others 118 108
120 110

2023 2022
£    £   
Directors' remuneration 26,057 26,179
Directors' pension contributions to money purchase schemes 12,000 12,000

5. OPERATING PROFIT/(LOSS)

The operating profit (2022 - operating loss) is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 42,626 40,226
Loss on disposal of fixed assets - 23,255
Auditors' remuneration 5,400 5,040

6. EXCEPTIONAL ITEMS
2023 2022
£    £   
Group loan write off - (2,000,000 )

7. INTEREST RECEIVABLE AND SIMILAR INCOME
2023 2022
£    £   
Deposit account interest 1,543 149
Dividend Receivable 233 265
1,776 414

8. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Bank interest 871 469
Bank loan interest 53,364 33,425
Hire purchase 480 713
Corporation tax interest 44 -
54,759 34,607

Rochcare (UK) Ltd (Registered number: 02390325)

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

9. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 105,102 45,538

Deferred tax 3,912 (20,225 )
Tax on profit/(loss) 109,014 25,313

10. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 1,926,212 337,276 24,445 2,287,933
Additions - - 15,475 15,475
At 31 October 2023 1,926,212 337,276 39,920 2,303,408
DEPRECIATION
At 1 November 2022 609,730 291,648 24,445 925,823
Charge for year 33,564 5,838 3,224 42,626
At 31 October 2023 643,294 297,486 27,669 968,449
NET BOOK VALUE
At 31 October 2023 1,282,918 39,790 12,251 1,334,959
At 31 October 2022 1,316,482 45,628 - 1,362,110

Included in cost of land and buildings is freehold land of £ 248,000 (2022 - £ 248,000 ) which is not depreciated.

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 182,662 232,447
Amounts owed by group undertakings 4,004,096 3,955,005
Other debtors - 7,372
4,186,758 4,194,824

12. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 2,478 2,478
Market value of listed investments at 31 October 2023 - £ 1,659 (2022 - £ 1,659 ).

Rochcare (UK) Ltd (Registered number: 02390325)

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

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 15) 109,125 119,017
Hire purchase contracts (see note 16) - 2,799
Trade creditors 115,003 154,422
Amounts owed to group undertakings 989,939 1,304,939
Tax 105,048 45,440
Social security and other taxes 15,575 -
Loan UK Fuel Ltd 61,704 61,704
Other creditors 178,507 -
Directors' current accounts 90,510 90,510
Accruals and deferred income 4,798 168,213
1,670,209 1,947,044

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 15) 772,999 875,600

15. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,269 13,161
Bank loans 105,856 105,856
109,125 119,017

Amounts falling due between two and five years:
Bank loans - 2-5 years 772,999 875,600

16. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year - 2,799

Rochcare (UK) Ltd (Registered number: 02390325)

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

17. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 3,269 13,161
Bank loans 878,855 981,456
882,124 994,617

During the year the company had three bank loans :

There is a bank loan payable by equal monthly instalments over the period ending February 2026. Interest is charged on a quarterly basis at 2.15% over the official bank base rate.

The bounce back loan of £50,000 is payable by equal monthly instalments over the period ending May 2026. Interest is fixed at 2.5%pa over the period and charged within the monthly repayments. This loan is unsecured.

The bank loans and overdraft are secured by a fixed charge over the freehold land and buildings and a floating charge over the other assets.

18. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 7,135 3,223

Deferred
tax
£   
Balance at 1 November 2022 3,223
Charge to Income Statement during year 3,912
Balance at 31 October 2023 7,135

19. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

20. ULTIMATE PARENT COMPANY

The parent company and ultimate holding company is Oakwood House (UK) Limited which owns 100% of the issued share capital.

Rochcare (UK) Ltd (Registered number: 02390325)

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

21. RELATED PARTY DISCLOSURES

Included within debtors due within one year are loans to:
2023 2022
£ £
Rochemont Ltd 948,853 899,762
Rochecare Homes Ltd - -
Linderfarm Ltd - -
Rochcare Ltd 3,050,243 3,050,243
Roche Construction Ltd 5,000 5,000



Included within creditors due within one year are loans from:
2022 2022
£ £
Oakwood House (UK) Ltd 664,288 979,288
Rochecare Homes Ltd 325,651 325,651

Roche Group Ltd - -
Rochcare (UK) Ltd - -

These are companies in which A Mahmood and T Mahmood are directors and/or
shareholders of. The balances are unsecured, interest free and repayable on demand.