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REGISTERED NUMBER: 05283297 (England and Wales)











THE UNITED HEALTHCARE LAND COMPANY
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






THE UNITED HEALTHCARE LAND COMPANY
LIMITED (REGISTERED NUMBER: 05283297)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


THE UNITED HEALTHCARE LAND COMPANY
LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: L S Neilson
A G Doyle
N C S Robson
D J Winch
M A O'Brien





SECRETARY: A G Doyle





REGISTERED OFFICE: 1 Quay Point
Station Road
Woodbridge
Suffolk
IP12 4AL





REGISTERED NUMBER: 05283297 (England and Wales)





AUDITORS: Berringers LLP
Chartered Accountants
and Statutory Auditors
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

THE UNITED HEALTHCARE LAND COMPANY
LIMITED (REGISTERED NUMBER: 05283297)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Contract costs 4 4,791,173 5,402,642
Debtors 5 329,730 307,928
Cash at bank 1,787,138 1,344,438
6,908,041 7,055,008
CREDITORS
Amounts falling due within one year 6 1,714,023 1,524,576
NET CURRENT ASSETS 5,194,018 5,530,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,194,018

5,530,432

CREDITORS
Amounts falling due after more than one
year

7

8,756,604

9,634,654
NET LIABILITIES (3,562,586 ) (4,104,222 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings (3,563,586 ) (4,105,222 )
SHAREHOLDERS' FUNDS (3,562,586 ) (4,104,222 )

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 12 September 2024 and were signed on its behalf by:





D J Winch - Director


THE UNITED HEALTHCARE LAND COMPANY
LIMITED (REGISTERED NUMBER: 05283297)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

The United Healthcare Land Company 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.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the
amounts reported for revenues and expenditures during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Management do not consider that there is a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.

Going concern
The Directors have considered the current economic and financial situation against the Company's activities, income and expenditure and have concluded that the current risks to the Company are not significant and that no additional provisions need to be made. It is the Directors' opinion that the Company will be a going concern for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Contract costs
Contract Costs are written off over the period of the contract.

Debtors
Short term debtors are measures at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks. Bank overdrafts, when applicable are shown within borrowings in current liabilities.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

THE UNITED HEALTHCARE LAND COMPANY
LIMITED (REGISTERED NUMBER: 05283297)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. CONTRACT COSTS

Contract costs comprise the net balance of the aggregate of costs incurred to date in respect of the contract to provide services to the Altnagelvin Hospital Health and Social Services Trust and the aggregate amounts
charged to the Profit and Loss Account to write off the aggregate contract costs over the period of the contract.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 322,565 301,450
Other debtors 7,165 6,478
329,730 307,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 857,625 779,987
Trade creditors 172,680 87,456
Taxation and social security 67,446 40,274
Other creditors 616,272 616,859
1,714,023 1,524,576

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,600,330 8,457,954
Other creditors 1,156,274 1,176,700
8,756,604 9,634,654

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 3,277,918 4,504,490

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 8,457,955 9,237,941

The bank loan is secured by way of a debenture over all the company's activities.

THE UNITED HEALTHCARE LAND COMPANY
LIMITED (REGISTERED NUMBER: 05283297)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

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

The Report of the auditors was unqualified.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)
for and on behalf of Berringers LLP