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REGISTERED NUMBER: 14568059 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 3 JANUARY 2023 TO 31 DECEMBER 2023

FOR

SOUTHCREST CARE 2 LTD

SOUTHCREST CARE 2 LTD (REGISTERED NUMBER: 14568059)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 JANUARY 2023 TO 31 DECEMBER 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SOUTHCREST CARE 2 LTD

COMPANY INFORMATION
FOR THE PERIOD 3 JANUARY 2023 TO 31 DECEMBER 2023







DIRECTORS: S S Gill
K S Gill
T S Gill





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 14568059 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SOUTHCREST CARE 2 LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Southcrest Care 2 Ltd for the period ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Southcrest Care 2 Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Southcrest Care 2 Ltd and state those matters that we have agreed to state to the Board of Directors of Southcrest Care 2 Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southcrest Care 2 Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Southcrest Care 2 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Southcrest Care 2 Ltd. You consider that Southcrest Care 2 Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Southcrest Care 2 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


5 September 2024

SOUTHCREST CARE 2 LTD (REGISTERED NUMBER: 14568059)

BALANCE SHEET
31 DECEMBER 2023

Notes £ £
FIXED ASSETS
Intangible assets 4 252,000
Tangible assets 5 454,896
706,896

CURRENT ASSETS
Debtors 6 45,893
Cash at bank and in hand 47,164
93,057
CREDITORS
Amounts falling due within one year 7 70,444
NET CURRENT ASSETS 22,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

729,509

CREDITORS
Amounts falling due after more than one year 8 (719,679 )

PROVISIONS FOR LIABILITIES (3,271 )
NET ASSETS 6,559

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 6,459
6,559

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

SOUTHCREST CARE 2 LTD (REGISTERED NUMBER: 14568059)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





K S Gill - Director


SOUTHCREST CARE 2 LTD (REGISTERED NUMBER: 14568059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 JANUARY 2023 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Southcrest Care 2 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten 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 provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

SOUTHCREST CARE 2 LTD (REGISTERED NUMBER: 14568059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 JANUARY 2023 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

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 period was 21 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
Additions 280,000
At 31 December 2023 280,000
AMORTISATION
Charge for period 28,000
At 31 December 2023 28,000
NET BOOK VALUE
At 31 December 2023 252,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
Additions 437,679 22,956 460,635
At 31 December 2023 437,679 22,956 460,635
DEPRECIATION
Charge for period - 5,739 5,739
At 31 December 2023 - 5,739 5,739
NET BOOK VALUE
At 31 December 2023 437,679 17,217 454,896

Director confirms that freehold property value remained same as the cost, compared on an open market.

SOUTHCREST CARE 2 LTD (REGISTERED NUMBER: 14568059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 JANUARY 2023 TO 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade debtors 29,550
Other debtors 16,343
45,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 24,761
Amounts owed to participating interests 8,305
Taxation and social security 8,401
Other creditors 28,977
70,444

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£
Other creditors 719,679