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REGISTERED NUMBER: 11961134 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

VITALITY CARE HOMES (NORWOOD) LTD

VITALITY CARE HOMES (NORWOOD) LTD (REGISTERED NUMBER: 11961134)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VITALITY CARE HOMES (NORWOOD) LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Bulvant Singh Khaira





REGISTERED OFFICE: 2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD





REGISTERED NUMBER: 11961134 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

VITALITY CARE HOMES (NORWOOD) LTD (REGISTERED NUMBER: 11961134)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,085 54,045

CURRENT ASSETS
Debtors 5 216,988 213,549
Cash at bank and in hand 165,311 119,181
382,299 332,730
CREDITORS
Amounts falling due within one year 6 231,781 153,227
NET CURRENT ASSETS 150,518 179,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,603

233,548

CREDITORS
Amounts falling due after more than one year 7 (22,479 ) (31,986 )

PROVISIONS FOR LIABILITIES (15,602 ) (7,330 )
NET ASSETS 187,522 194,232

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 187,422 194,132
SHAREHOLDERS' FUNDS 187,522 194,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

VITALITY CARE HOMES (NORWOOD) LTD (REGISTERED NUMBER: 11961134)

Balance Sheet - continued
31 March 2024


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 2 September 2024 and were signed by:





Bulvant Singh Khaira - Director


VITALITY CARE HOMES (NORWOOD) LTD (REGISTERED NUMBER: 11961134)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Vitality Care Homes (Norwood) 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" 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

1. Plant and Machinery - 25% reducing balance
2. Fixtures and Fittings - 15% reducing balance

VITALITY CARE HOMES (NORWOOD) LTD (REGISTERED NUMBER: 11961134)

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 27,945 32,796
Other debtors 189,043 180,753
216,988 213,549

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 83,967 27,048
Other creditors 147,814 126,179
231,781 153,227

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,479 31,986

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Bulvant Singh Khaira
Balance outstanding at start of year - -
Amounts advanced 3,000 -
Amounts repaid (13,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,000 ) -

9. RELATED PARTY DISCLOSURES

Current assets are related party transactions with no terms attached

Kharia Properties Ltd = £25 (£25 in 2023)
Khaira Group Ltd = £63,000 (£90,000 in 2023)
Khaira Properties 2 Ltd= £126,018 (£81,794 in 2023)

Current liabilities are related party transactions with no terms attached

Vitality Care Homes Ltd £25,000 (£30,000 in 2023)

Dividends of £190,000 (£85,000 in 2023) were issued to the holding company Khaira Group Ltd during the year

VITALITY CARE HOMES (NORWOOD) LTD (REGISTERED NUMBER: 11961134)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. ULTIMATE CONTROLLING PARTY

The shareholders are the ultimate controlling party