IRIS Accounts Production v24.2.0.383 08818432 director 1.4.23 31.3.24 31.3.24 21/8/2024 true false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088184322023-03-31088184322024-03-31088184322023-04-012024-03-31088184322022-03-31088184322022-04-012023-03-31088184322023-03-3108818432ns15:EnglandWales2023-04-012024-03-3108818432ns14:PoundSterling2023-04-012024-03-3108818432ns10:Director12023-04-012024-03-3108818432ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108818432ns10:SmallEntities2023-04-012024-03-3108818432ns10:Audited2023-04-012024-03-3108818432ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108818432ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108818432ns10:FullAccounts2023-04-012024-03-3108818432ns10:RegisteredOffice2023-04-012024-03-3108818432ns5:CurrentFinancialInstruments2024-03-3108818432ns5:CurrentFinancialInstruments2023-03-3108818432ns5:Non-currentFinancialInstruments2024-03-3108818432ns5:Non-currentFinancialInstruments2023-03-3108818432ns5:ShareCapital2024-03-3108818432ns5:ShareCapital2023-03-3108818432ns5:RetainedEarningsAccumulatedLosses2024-03-3108818432ns5:RetainedEarningsAccumulatedLosses2023-03-3108818432ns5:PlantMachinery2023-04-012024-03-3108818432ns5:FurnitureFittings2023-04-012024-03-3108818432ns5:ComputerEquipment2023-04-012024-03-3108818432ns5:LandBuildings2023-03-3108818432ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3108818432ns5:PlantMachinery2023-03-3108818432ns5:LandBuildings2023-04-012024-03-3108818432ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3108818432ns5:LandBuildings2024-03-3108818432ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3108818432ns5:PlantMachinery2024-03-3108818432ns5:LandBuildings2023-03-3108818432ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3108818432ns5:PlantMachinery2023-03-3108818432ns5:FurnitureFittings2023-03-3108818432ns5:MotorVehicles2023-03-3108818432ns5:ComputerEquipment2023-03-3108818432ns5:MotorVehicles2023-04-012024-03-3108818432ns5:FurnitureFittings2024-03-3108818432ns5:MotorVehicles2024-03-3108818432ns5:ComputerEquipment2024-03-3108818432ns5:FurnitureFittings2023-03-3108818432ns5:MotorVehicles2023-03-3108818432ns5:ComputerEquipment2023-03-3108818432ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108818432ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 08818432 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASPREY HEALTHCARE LIMITED

ASPREY HEALTHCARE LIMITED (REGISTERED NUMBER: 08818432)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASPREY HEALTHCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P M Connell





REGISTERED OFFICE: Smallbrook Care Home
Suffolk Close
Horley
Suffolk
RH6 7DU





REGISTERED NUMBER: 08818432 (England and Wales)





AUDITORS: GBJ LLP
Statutory Auditor
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

ASPREY HEALTHCARE LIMITED (REGISTERED NUMBER: 08818432)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 13,372,935 11,593,836

CURRENT ASSETS
Debtors 5 154,582 229,224
Cash at bank and in hand 84,635 130,799
239,217 360,023
CREDITORS
Amounts falling due within one year 6 8,190,845 5,886,043
NET CURRENT LIABILITIES (7,951,628 ) (5,526,020 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,421,307

6,067,816

CREDITORS
Amounts falling due after more than one
year

7

4,000,000

4,500,000
NET ASSETS 1,421,307 1,567,816

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,421,107 1,567,616
1,421,307 1,567,816

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 director and authorised for issue on 21 August 2024 and were signed by:





P M Connell - Director


ASPREY HEALTHCARE LIMITED (REGISTERED NUMBER: 08818432)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Asprey Healthcare 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. 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2023 - 79 ) .

ASPREY HEALTHCARE LIMITED (REGISTERED NUMBER: 08818432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£ £ £
COST
At 1 April 2023 3,006,225 8,192,411 102,519
Additions - 1,677,867 4,758
At 31 March 2024 3,006,225 9,870,278 107,277
DEPRECIATION
At 1 April 2023 - - 57,685
Charge for year - - 6,775
At 31 March 2024 - - 64,460
NET BOOK VALUE
At 31 March 2024 3,006,225 9,870,278 42,817
At 31 March 2023 3,006,225 8,192,411 44,834

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 April 2023 549,744 - 83,800 11,934,699
Additions 108,045 46,383 23,520 1,860,573
At 31 March 2024 657,789 46,383 107,320 13,795,272
DEPRECIATION
At 1 April 2023 260,204 - 22,974 340,863
Charge for year 54,540 9,002 11,157 81,474
At 31 March 2024 314,744 9,002 34,131 422,337
NET BOOK VALUE
At 31 March 2024 343,045 37,381 73,189 13,372,935
At 31 March 2023 289,540 - 60,826 11,593,836

ASPREY HEALTHCARE LIMITED (REGISTERED NUMBER: 08818432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 129,512 80,443
Corporation tax - 58,501
Prepayments 25,070 90,280
154,582 229,224

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 8) 387,500 -
Trade creditors 107,191 194,010
Social security and other taxes 40,767 37,107
Other creditors 14,074 10,891
Directors' loan accounts 7,402,585 5,265,623
Accrued expenses 220,877 326,907
Deferred income 17,851 51,505
8,190,845 5,886,043

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans (see note 8) 4,000,000 4,500,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,000,000 4,500,000

8. LOANS

Bank borrowings are secured by fixed and floating charges over all the assets of the company including freehold and leasehold properties.

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

The Report of the Auditors was unqualified.

Jonathan Hillier (Senior Statutory Auditor)
for and on behalf of GBJ LLP

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P M Connell.

ASPREY HEALTHCARE LIMITED (REGISTERED NUMBER: 08818432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £39,601 (2023: £35,241). Contributions totalling £6,969 (2023: £544) were payable to the fund at the balance sheet date and are included in creditors.

12. RELATED PARTY TRANSACTIONS

During the year, the company had an outstanding loan account with the director P M Connell. Debits totalling £nil (2023: £40,000) were made to the loan account. At the year end, the company owed P M Connell £7,402,585 (2023: £5,265,623).