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REGISTERED NUMBER: 02163445 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Eldercare (UK) Ltd.

Eldercare (UK) Ltd. (Registered number: 02163445)






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


Eldercare (UK) Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr P T M Carlsson
Mr J McLoughlin



REGISTERED OFFICE: Aspinall House
Walker Office Park
Blackburn
Lancashire
BB1 2QE



REGISTERED NUMBER: 02163445 (England and Wales)



AUDITOR: Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex
RH10 1HT



BANKERS: Skandinaviska Enskilda Banken AB
1 Carter Lane
London
EC4V 5AN

Eldercare (UK) Ltd. (Registered number: 02163445)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2
Tangible assets 5 - 28,801
- 28,803

CURRENT ASSETS
Debtors 6 1 871,263
Cash at bank and in hand - 808,842
1 1,680,105
CREDITORS
Amounts falling due within one year 7 - 480,836
NET CURRENT ASSETS 1 1,199,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

1

1,228,072

CREDITORS
Amounts falling due after more than one
year

8

-

(16,046

)

PROVISIONS FOR LIABILITIES - (24,500 )
NET ASSETS 1 1,187,526

CAPITAL AND RESERVES
Called up share capital 11 1 188
Share premium 12 - 207,591
Capital redemption reserve 12 - 70
Retained earnings 12 - 979,677
SHAREHOLDERS' FUNDS 1 1,187,526

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 24 September 2024 and were signed on its behalf by:





Mr P T M Carlsson - Director


Eldercare (UK) Ltd. (Registered number: 02163445)

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

1. STATUTORY INFORMATION

Eldercare (UK) 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.

Up until 30 June 2023 Eldercare (UK) Ltd was a wholly owned subsidiary of Doro Care (UK) Ltd.

Careium AB is the smallest and largest group to consolidate Eldercare's financial statements. Copies of Careium AB financial statements for the year ended 31 December 2023 are publicly available and can be obtained from Jörgen Kocksgatan 1B, 211 20 Malmö, Sweden.

Going concern
At the time of approving the financial statements, the company had ceased to trade and are therefore not prepared on a going concern basis. All assets have been written down to their recoverable amounts and all potential liabilities provided for.

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 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property - 25% to 33% straight line basis
Fixtures and fittings - 15% to 33% straight line basis
Motor Vehicles - 33% straight line basis
Computer and office equipment - 20% to 33% straight line basis

Eldercare (UK) Ltd. (Registered number: 02163445)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Introduction
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. Amounts 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 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.

Eldercare (UK) Ltd. (Registered number: 02163445)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 93 (2022 - 125 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill asset Totals
£    £    £   
COST
At 1 January 2023 108,998 2 109,000
Disposals (108,998 ) (2 ) (109,000 )
At 31 December 2023 - - -
AMORTISATION
At 1 January 2023 108,998 - 108,998
Eliminated on disposal (108,998 ) - (108,998 )
At 31 December 2023 - - -
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - 2 2

Eldercare (UK) Ltd. (Registered number: 02163445)

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

5. TANGIBLE FIXED ASSETS
Computer
Fixtures and
and office
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 58,567 544,689 603,256
Disposals (58,567 ) (544,689 ) (603,256 )
At 31 December 2023 - - -
DEPRECIATION
At 1 January 2023 58,567 515,888 574,455
Charge for year - 7,780 7,780
Eliminated on disposal (58,567 ) (523,668 ) (582,235 )
At 31 December 2023 - - -
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - 28,801 28,801

Fixed assets, included in the above, which are held under finance leases are as follows:
Computer
and
office
equipment
£   
COST
At 1 January 2023 109,796
Transfer to ownership (109,796 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 109,795
Transfer to ownership (109,795 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 511,729
Other debtors 1 359,534
1 871,263

Eldercare (UK) Ltd. (Registered number: 02163445)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Finance leases (see note 9) - 21,395
Trade creditors - 48,318
Taxation and social security - 150,400
Other creditors - 260,723
- 480,836

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Finance leases (see note 9) - 16,046

9. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year - 21,395
Between one and five years - 16,046
- 37,441

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows;

2023 2022
£    £   
- 159,295

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Finance leases - 37,441

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £0.01 1 188

Eldercare (UK) Ltd. (Registered number: 02163445)

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

12. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 January 2023 979,677 207,591 70 1,187,338
Profit for the year 901,454 901,454
Dividends (2,088,978 ) (2,088,978 )
Group reorganisation 207,847 (207,591 ) (70 ) 186
At 31 December 2023 - - - -

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

The Report of the Auditor was unqualified.

Darren Harding ACA FCCA DChA (Senior Statutory Auditor)
for and on behalf of Richard Place Dobson Services Limited

14. RELATED PARTY DISCLOSURES

As a wholly owned subsidiary, the Company is exempt from the requirements of FRS 102 Para 33.4 to disclose related party transactions with other members of the Group headed by Careium AB on the grounds that the financial statements of that company are publicly available from Jörgen Kocksgatan 1B, 211 20 Malmö, Sweden.