V4P (Stockport) Newco 1A Limited 15042232 false 2023-08-01 2024-03-28 2024-03-28 The principal activity of the company is a holding company. The company holds an investment in Companion Care (Stockport) Limited from which dividends are received. Digita Accounts Production Advanced 6.30.9574.0 true true 15042232 2023-08-01 2024-03-28 15042232 2024-03-28 15042232 core:CurrentFinancialInstruments 2024-03-28 15042232 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-28 15042232 core:Non-currentFinancialInstruments 2024-03-28 15042232 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-28 15042232 1 2024-03-28 15042232 bus:SmallEntities 2023-08-01 2024-03-28 15042232 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-03-28 15042232 bus:FilletedAccounts 2023-08-01 2024-03-28 15042232 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-03-28 15042232 bus:RegisteredOffice 2023-08-01 2024-03-28 15042232 bus:CompanySecretaryDirector1 2023-08-01 2024-03-28 15042232 bus:Director2 2023-08-01 2024-03-28 15042232 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-03-28 15042232 core:PlantMachinery 2023-08-01 2024-03-28 15042232 1 2023-08-01 2024-03-28 15042232 countries:AllCountries 2023-08-01 2024-03-28 15042232 core:CostValuation 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 15042232

V4P (Stockport) Newco 1A Limited

Unaudited Filleted Financial Statements

for the Period from 1 August 2023 to 28 March 2024

 

V4P (Stockport) Newco 1A Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

V4P (Stockport) Newco 1A Limited

Company Information

Directors

Companion Care (Services) Limited Companion Care (Services) Limited

J Ferrario

Company secretary

Companion Care (Services) Limited Companion Care (Services) Limited

Registered office

Epsom Avenue
Stanley Green Trading Estate
Handforth
Cheshire
SK9 3RN

 

V4P (Stockport) Newco 1A Limited

(Registration number: 15042232)
Balance Sheet as at 28 March 2024

Note

2024
£

Fixed assets

 

Investments

4

351,119

Current assets

 

Cash at bank and in hand

 

60

Creditors: Amounts falling due within one year

5

(142,488)

Net current liabilities

 

(142,428)

Total assets less current liabilities

 

208,691

Creditors: Amounts falling due after more than one year

5

(199,533)

Net assets

 

9,158

Capital and reserves

 

Called up share capital

7

6

Share premium reserve

35,058

Retained earnings

(25,906)

Shareholders' funds

 

9,158

For the financial period ending 28 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
Companion Care (Services) Limited Companion Care (Services) Limited
Company secretary and director

 

V4P (Stockport) Newco 1A Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 28 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Epsom Avenue
Stanley Green Trading Estate
Handforth
Cheshire
SK9 3RN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Accounts are prepared on a 52 week period (2023: 52 week period) resulting in a fluctuating year end between the 25th and 31st March.

Going concern

The directors have considered the factors that impact the company’s future development, performance, cash flows and financial position along with the company’s current liquidity in forming their opinion on the going concern basis. Notwithstanding net current liabilities of £142,428 as at 28 March 2024 the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Revenue recognition

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers in the UK.

Turnover is recognised at point of sale except for turnover derived from care plans, which is recognised on an apportioned basis relative to delivery of the service.

Depreciation

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

3 - 10 years straight line

 

V4P (Stockport) Newco 1A Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 28 March 2024

2

Accounting policies (continued)

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments are investments in equity shares which are not publicly traded and where fair value cannot be measured reliably. They are therefore measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Stocks

Stocks stated at the lower of cost and estimated selling price less costs to sell. Stock is recognised as an expense in the period in which the related turnover is recognised.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

V4P (Stockport) Newco 1A Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 28 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Investments

2024
£

Investments in associates

351,119

Associates

£

Cost

At 1 August 2023

351,119

Carrying amount

At 28 March 2024

351,119

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

6

53,209

Amounts owed to related parties

29,301

Deferred consideration

 

48,287

Other creditors

 

11,691

 

142,488

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

6

199,533

 

V4P (Stockport) Newco 1A Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 28 March 2024

6

Loans and borrowings

Non-current loans and borrowings

2024
£

Bank borrowings

199,533

Current loans and borrowings

2024
£

Bank borrowings

53,209

Bank borrowings

Bank loan is denominated in GBP with a nominal interest rate of 3.75% above the Bank of England base rate, and the final instalment is due on 9 November 2028. The carrying amount at period end is £252,742.

There is no set date for the repayment of loans due to the Directors and Companion Care (Services) Limited, however this is repayable within 90 days of demand. Loans due to the Directors and Companion Care (Services) Limited are repayable following the repayment of any bank loans, when the company is in a net asset position and has available cash balances.

 

V4P (Stockport) Newco 1A Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 28 March 2024

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

60

60