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REGISTERED NUMBER: 05385738 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

St. Nicholas House Ltd

St. Nicholas House Ltd (Registered number: 05385738)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


St. Nicholas House Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms I Dubylovska
S Rizvi
Mrs R A Howell





REGISTERED OFFICE: Rdcp Care
86 Bearwood Road
Smethwick
Birmingham
B66 4HN





REGISTERED NUMBER: 05385738 (England and Wales)





AUDITORS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

St. Nicholas House Ltd (Registered number: 05385738)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 982,854 1,003,128
982,855 1,003,129

CURRENT ASSETS
Debtors 6 3,345,504 3,102,656
Cash at bank and in hand 85,360 67,198
3,430,864 3,169,854
CREDITORS
Amounts falling due within one year 7 (573,846 ) (497,237 )
NET CURRENT ASSETS 2,857,018 2,672,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,839,873

3,675,746

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,839,871 3,675,744
3,839,873 3,675,746

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 21 September 2024 and were signed on its behalf by:





S Rizvi - Director


St. Nicholas House Ltd (Registered number: 05385738)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

St. Nicholas House 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
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Intangible assets
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.

Negative goodwill arising on an acquisition is recognised on the face of the balance sheet on the acquisition date and subsequently the excess up to the fair value of non-monetary assets acquired is recognised in profit or loss in the periods in which the non-monetary assets are recovered.

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 - 2% on cost
Plant and machinery etc - 15% on cost

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.

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.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues ot adopt the going concern basis in preparing its financial statements.

St. Nicholas House Ltd (Registered number: 05385738)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2022 - 50 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 116,714
AMORTISATION
At 1 January 2023
and 31 December 2023 116,713
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,461,094 337,986 1,799,080
Additions 12,241 1,650 13,891
At 31 December 2023 1,473,335 339,636 1,812,971
DEPRECIATION
At 1 January 2023 459,891 336,061 795,952
Charge for year 30,590 3,575 34,165
At 31 December 2023 490,481 339,636 830,117
NET BOOK VALUE
At 31 December 2023 982,854 - 982,854
At 31 December 2022 1,001,203 1,925 1,003,128

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 183,182 92,206
Amounts owed by group undertakings 2,863,058 2,708,753
Amounts owed by associates 271,117 -
Other debtors 28,147 301,697
3,345,504 3,102,656

St. Nicholas House Ltd (Registered number: 05385738)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 65,063 83,636
Amounts owed to group undertakings 56,882 39,882
Taxation and social security 258,947 218,158
Other creditors 192,954 155,561
573,846 497,237

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna Ault FCCA ACA (Senior Statutory Auditor)
for and on behalf of Tomkinson Teal (Lichfield) LLP

9. CONTINGENT LIABILITIES

The company is bound by a intra-group cross guarantee in respect of bank debt with other members of the group headed by its ultimate parent undertaking, RDCP Care Limited. The amount guaranteed is £14,350,513 (2022 - £11,355,116)

10. ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is RDCP Care Limited, incorporated in England and Wales.

On 2 April 2024 RDCP Care Limited became a wholly owned subsidiary of RDCP Care Holdings Limited. There is no change in the controlling shareholders and directors.