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REGISTERED NUMBER: 09808704 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MILLSTREAM CARE LIMITED

MILLSTREAM CARE LIMITED (REGISTERED NUMBER: 09808704)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MILLSTREAM CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Dr S Ananthram





SECRETARY: Mrs K Ananthram





REGISTERED OFFICE: 232 Sladepool Farm Road
Birmingham
B14 5EE





REGISTERED NUMBER: 09808704 (England and Wales)





ACCOUNTANTS: Clive Shedd & Co
Chartered Accountants
232 Sladepool Farm Road
Birmingham
B14 5EE

MILLSTREAM CARE LIMITED (REGISTERED NUMBER: 09808704)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 851,329 851,329

CURRENT ASSETS
Debtors 6 13,208 11,507
Cash at bank 8,386 21,074
21,594 32,581
CREDITORS
Amounts falling due within one year 7 322,556 346,142
NET CURRENT LIABILITIES (300,962 ) (313,561 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,367

537,768

CREDITORS
Amounts falling due after more than one
year

8

497,243

497,140
NET ASSETS 53,124 40,628

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 53,122 40,626
SHAREHOLDERS' FUNDS 53,124 40,628

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MILLSTREAM CARE LIMITED (REGISTERED NUMBER: 09808704)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 director and authorised for issue on 30 July 2024 and were signed by:





Dr S Ananthram - Director


MILLSTREAM CARE LIMITED (REGISTERED NUMBER: 09808704)

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

1. STATUTORY INFORMATION

Millstream 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company's functional and presentation currency is the pound sterling, rounded to the nearest £.

Significant judgements and estimates
In preparing these financial statements the company's management make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the statement of financial position date and the amounts reported in the income statement for the year under review.

The nature of estimates means that the actual outcome could differ and the company's management consider there are no estimates or assumptions that have a significant risk of causing a material adjustment to the amounts reported for assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
The company's practice is to maintain its land and buildings in a continual state of repair and refurbishment such that the residual value is at least equal to its book value. Consequently a depreciation charge is considered to be immaterial.

Tangible fixed assets are initially recorded at cost.

Financial instruments
Basic financial assets and liabilities are initially recognised at transaction price and are subsequently measured at amortised cost.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

4. EMPLOYEES AND DIRECTORS

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

MILLSTREAM CARE LIMITED (REGISTERED NUMBER: 09808704)

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

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 November 2022
and 31 October 2023 851,329
NET BOOK VALUE
At 31 October 2023 851,329
At 31 October 2022 851,329

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 2,940 120
Prepayments and accrued income 1,733 1,647
4,673 1,767

Amounts falling due after more than one year:
Prepayments and accrued income 8,535 9,740

Aggregate amounts 13,208 11,507

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,856 1,387
Amounts owed to group undertakings 232,456 246,391
Taxation and social security 3,244 6,244
Other creditors 80,000 89,780
Accruals and deferred income 3,000 2,340
322,556 346,142

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan over 5 years 497,243 497,140

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan over 5 years 497,243 497,140

MILLSTREAM CARE LIMITED (REGISTERED NUMBER: 09808704)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 497,243 497,140

Borrowings are secured by a legal mortgage over the company's land and buildings and by a debenture over the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Millstream Group Limited whose registered office address is Millstream Surgery,
Cherry Tree Walk, Redditch, Worcestershire B97 6PB.