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REGISTERED NUMBER: 03815046 (England and Wales)















HALCYON CARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HALCYON CARE LIMITED (REGISTERED NUMBER: 03815046)






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




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 8


HALCYON CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: K S K Lalji
A S Pradhan
Mrs N Pradhan
Mrs K Lalji



SECRETARY: K S K Lalji



REGISTERED OFFICE: 27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT



REGISTERED NUMBER: 03815046 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT



BANKERS: Yorkshire Bank
11 Smithy Row
Nottingham
Nottinghamshire
NG1 2AU

HALCYON CARE LIMITED (REGISTERED NUMBER: 03815046)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,329,580 1,368,877
1,329,580 1,368,877

CURRENT ASSETS
Stocks 11,100 11,350
Debtors 6 292,720 482,681
Cash at bank and in hand 934,390 583,551
1,238,210 1,077,582
CREDITORS
Amounts falling due within one year 7 946,706 771,639
NET CURRENT ASSETS 291,504 305,943
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,621,084

1,674,820

CREDITORS
Amounts falling due after more than
one year

8

(31,019

)

(465,282

)

PROVISIONS FOR LIABILITIES (35,326 ) (28,468 )
NET ASSETS 1,554,739 1,181,070

HALCYON CARE LIMITED (REGISTERED NUMBER: 03815046)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,554,639 1,180,970
SHAREHOLDERS' FUNDS 1,554,739 1,181,070

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

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

The directors acknowledge their 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.

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 and authorised for issue by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





K S K Lalji - Director


HALCYON CARE LIMITED (REGISTERED NUMBER: 03815046)

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

1. STATUTORY INFORMATION

Halcyon 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.

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
Purchased goodwill acquired in 2004 has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15% on reducing balance and 2% on cost
Plant and machinery etc - 33% on cost, 25% on cost, 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Tangible fixed assets are held at cost less depreciation.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

HALCYON CARE LIMITED (REGISTERED NUMBER: 03815046)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position 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.

Government grants
Government grants are recognised at fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 102 (2022 - 111 ) .

HALCYON CARE LIMITED (REGISTERED NUMBER: 03815046)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 400,000
AMORTISATION
At 1 January 2023
and 31 December 2023 400,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,586,971 749,786 2,336,757
Additions - 17,961 17,961
At 31 December 2023 1,586,971 767,747 2,354,718
DEPRECIATION
At 1 January 2023 367,634 600,246 967,880
Charge for year 22,039 35,219 57,258
At 31 December 2023 389,673 635,465 1,025,138
NET BOOK VALUE
At 31 December 2023 1,197,298 132,282 1,329,580
At 31 December 2022 1,219,337 149,540 1,368,877

Included in cost of land and buildings is freehold land of £ 485,000 (2022 - £ 485,000 ) which is not depreciated.

HALCYON CARE LIMITED (REGISTERED NUMBER: 03815046)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 208,369 348,901
Other debtors 84,351 133,780
292,720 482,681

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 447,846 47,971
Trade creditors 11,942 34,269
Taxation and social security 234,339 218,188
Other creditors 252,579 471,211
946,706 771,639

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 31,019 465,282

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans - more than 5 years - 14,352

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 478,865 513,253

A bank loan of £442,291 is secured by a fixed charge over property owned by the company.

A bank loan of £36,574 is secured by the UK Government.

HALCYON CARE LIMITED (REGISTERED NUMBER: 03815046)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
50 Ordinary A shares £1 50 50
50 Ordinary B shares £1 50 50
100 100

11. DIRECTORS LOAN

The directors have provided an interest free loan totalling £86,369 (2022: £265,335).