Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Bina Pepper 24/06/1998 Dr Gregory James Pepper 24/06/1998 15 August 2024 The principal activity of the Company during the financial year was the running of Vicarage residential home. 03586598 2024-01-31 03586598 bus:Director1 2024-01-31 03586598 bus:Director2 2024-01-31 03586598 2023-01-31 03586598 core:CurrentFinancialInstruments 2024-01-31 03586598 core:CurrentFinancialInstruments 2023-01-31 03586598 core:Non-currentFinancialInstruments 2024-01-31 03586598 core:Non-currentFinancialInstruments 2023-01-31 03586598 core:ShareCapital 2024-01-31 03586598 core:ShareCapital 2023-01-31 03586598 core:RetainedEarningsAccumulatedLosses 2024-01-31 03586598 core:RetainedEarningsAccumulatedLosses 2023-01-31 03586598 core:Goodwill 2023-01-31 03586598 core:Goodwill 2024-01-31 03586598 core:LandBuildings 2023-01-31 03586598 core:PlantMachinery 2023-01-31 03586598 core:Vehicles 2023-01-31 03586598 core:FurnitureFittings 2023-01-31 03586598 core:LandBuildings 2024-01-31 03586598 core:PlantMachinery 2024-01-31 03586598 core:Vehicles 2024-01-31 03586598 core:FurnitureFittings 2024-01-31 03586598 core:CurrentFinancialInstruments core:Secured 2024-01-31 03586598 2022-01-31 03586598 bus:OrdinaryShareClass1 2024-01-31 03586598 2023-02-01 2024-01-31 03586598 bus:FilletedAccounts 2023-02-01 2024-01-31 03586598 bus:SmallEntities 2023-02-01 2024-01-31 03586598 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 03586598 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03586598 bus:Director1 2023-02-01 2024-01-31 03586598 bus:Director2 2023-02-01 2024-01-31 03586598 core:Goodwill core:TopRangeValue 2023-02-01 2024-01-31 03586598 core:LandBuildings core:TopRangeValue 2023-02-01 2024-01-31 03586598 core:PlantMachinery 2023-02-01 2024-01-31 03586598 core:Vehicles 2023-02-01 2024-01-31 03586598 core:FurnitureFittings 2023-02-01 2024-01-31 03586598 2022-02-01 2023-01-31 03586598 core:LandBuildings 2023-02-01 2024-01-31 03586598 core:CurrentFinancialInstruments 2023-02-01 2024-01-31 03586598 core:Non-currentFinancialInstruments 2023-02-01 2024-01-31 03586598 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 03586598 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03586598 (England and Wales)

DR PEPPER'S CARE CORPORATION LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

DR PEPPER'S CARE CORPORATION LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

DR PEPPER'S CARE CORPORATION LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 January 2024
DR PEPPER'S CARE CORPORATION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 683,343 642,012
683,343 642,012
Current assets
Stocks 5,100 4,700
Debtors 5 170,691 22,849
Cash at bank and in hand 107,293 145,816
283,084 173,365
Creditors: amounts falling due within one year 6 ( 184,270) ( 146,366)
Net current assets 98,814 26,999
Total assets less current liabilities 782,157 669,011
Creditors: amounts falling due after more than one year 7 ( 577,582) ( 637,704)
Provision for liabilities 8 ( 47,345) ( 37,251)
Net assets/(liabilities) 157,230 ( 5,944)
Capital and reserves
Called-up share capital 9 2 2
Profit and loss account 157,228 ( 5,946 )
Total shareholders' funds/(deficit) 157,230 ( 5,944)

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dr Pepper's Care Corporation Limited (registered number: 03586598) were approved and authorised for issue by the Board of Directors on 15 August 2024. They were signed on its behalf by:

Dr Gregory James Pepper
Director
DR PEPPER'S CARE CORPORATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
DR PEPPER'S CARE CORPORATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dr Pepper's Care Corporation Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Amberley 89 High Street Sidford, Sidmouth, Exeter, EX10 9SA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

VAT

The company is not registered for VAT. All expenditure is therefore stated inclusive of VAT where applicable.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 39 35

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 February 2023 335,000 335,000
At 31 January 2024 335,000 335,000
Accumulated amortisation
At 01 February 2023 335,000 335,000
At 31 January 2024 335,000 335,000
Net book value
At 31 January 2024 0 0
At 31 January 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 February 2023 729,012 1,834 0 337,805 1,068,651
Additions 0 2,039 62,150 0 64,189
At 31 January 2024 729,012 3,873 62,150 337,805 1,132,840
Accumulated depreciation
At 01 February 2023 131,366 594 0 294,679 426,639
Charge for the financial year 5,580 509 10,300 6,469 22,858
At 31 January 2024 136,946 1,103 10,300 301,148 449,497
Net book value
At 31 January 2024 592,066 2,770 51,850 36,657 683,343
At 31 January 2023 597,646 1,240 0 43,126 642,012

5. Debtors

2024 2023
£ £
Trade debtors 22,760 18,523
Amounts owed by directors 107,382 0
Prepayments 4,308 4,326
Other debtors 36,241 0
170,691 22,849

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 36,460 36,148
Trade creditors 7,375 2,049
Amounts owed to directors 0 9,030
Accruals 27,828 20,050
Taxation and social security 76,420 52,192
Other creditors 36,187 26,897
184,270 146,366

The bank loans are secured over the property owned by the company.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 577,582 637,704

The bank loans are secured over the property owned by the company.

8. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 37,251) ( 38,680)
(Charged)/credited to the Statement of Income and Retained Earnings ( 10,094) 1,429
At the end of financial year ( 47,345) ( 37,251)

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

10. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 1,193 1,022

11. Related party transactions

Transactions with the entity's directors

At the year end, the directors owed the company £107,382 (2023: the company owed the directors £9,030). Interest is charged by the company on overdrawn amounts.