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REGISTERED NUMBER: 09958667 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

VITALITY CARE HOMES LTD

VITALITY CARE HOMES LTD (REGISTERED NUMBER: 09958667)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


VITALITY CARE HOMES LTD (REGISTERED NUMBER: 09958667)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 150,856 163,356
Tangible assets 5 217,855 237,600
368,711 400,956

CURRENT ASSETS
Debtors 6 98,472 367,394
Cash at bank and in hand 131,812 14,996
230,284 382,390
CREDITORS
Amounts falling due within one year 7 116,603 111,743
NET CURRENT ASSETS 113,681 270,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,392

671,603

CREDITORS
Amounts falling due after more than one year 8 (382,254 ) (574,927 )

PROVISIONS FOR LIABILITIES (52,535 ) (43,356 )
NET ASSETS 47,603 53,320

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,503 53,220
SHAREHOLDERS' FUNDS 47,603 53,320

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 LTD (REGISTERED NUMBER: 09958667)

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 LTD (REGISTERED NUMBER: 09958667)

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

1. STATUTORY INFORMATION

Vitality Care Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09958667

Registered office: 2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provide at the following annual rates, in order to write off each asset over its estimated useful life.

Fixtures and Fittings - 15% reducing balance
Motor Vehicles - 25% reducing balance
Computer Equipment - 25% reducing balance

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.


VITALITY CARE HOMES LTD (REGISTERED NUMBER: 09958667)

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

2. ACCOUNTING POLICIES - continued
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 26 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 250,000
AMORTISATION
At 1 April 2023 86,644
Charge for year 12,500
At 31 March 2024 99,144
NET BOOK VALUE
At 31 March 2024 150,856
At 31 March 2023 163,356

VITALITY CARE HOMES LTD (REGISTERED NUMBER: 09958667)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 483,382
Additions 19,257
At 31 March 2024 502,639
DEPRECIATION
At 1 April 2023 245,782
Charge for year 39,002
At 31 March 2024 284,784
NET BOOK VALUE
At 31 March 2024 217,855
At 31 March 2023 237,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,131 22,022
Other debtors 38,341 345,372
98,472 367,394

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36 -
Taxation and social security 72,565 70,632
Other creditors 44,002 41,111
116,603 111,743

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 382,254 574,927

VITALITY CARE HOMES LTD (REGISTERED NUMBER: 09958667)

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

9. 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 177,206 -
Amounts advanced 143,202 247,726
Amounts repaid (316,808 ) (70,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,600 177,206

10. RELATED PARTY DISCLOSURES

Current assets are related party transactions
Khaira Properties Ltd = Nil (£133,425 in 2023)
Vitality Care Homes (Brookside) Ltd = £559 (£559 in 2023)
Vitality Care Homes (Norwood) Ltd £25,000 (£25,000 in 2023)

Current liability is a related party transaction
Khaira Group Ltd = £382,254 (£574,927 in 2023)

No terms are attached to any of the above assets or liabilities

Dividend issued to the parent company Khaira Group Ltd during the year = £150,000 (Nil in 2023)

11. ULTIMATE CONTROLLING PARTY

The shareholders are the ultimate controlling party