Mulberry Care Limited
Registered number: 06009439
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 1,807,245 1,859,144
Investments 3 222,398 272,398
2,029,643 2,131,542
Current assets
Debtors 4 - 537,525
Cash at bank and in hand 56,167 32,014
56,167 569,539
Creditors: amounts falling due within one year 5 (456,982) (935,679)
Net current Assets (400,815) (366,140)
Total assets less current liabilities 1,628,828 1,765,402
Creditors: amounts falling due after more than one year 6 (31,572) (36,624)
Net Assets 1,597,256 1,728,778
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 1,596,256 1,727,778
Shareholders' funds 1,597,256 1,728,778
Average number of employees 44 46
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Satbir Singh Ahluwalia
Director
Approved by the board on 4 September 2024
Mulberry Care Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised when received.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Properties and improvement costs over 50 years straight line
Equipment, fixtures and fittings 20% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Tangible fixed assets
Properties and Improvement costs Equipment, fixtures and fittings Total
£ £ £
Cost
At 1 April 2023 2,112,656 503,967 2,616,623
At 31 March 2024 2,112,656 503,967 2,616,623
Depreciation
At 1 April 2023 335,272 422,207 757,479
Charge for the year 35,547 16,352 51,899
At 31 March 2024 370,819 438,559 809,378
Net book value
At 31 March 2024 1,741,837 65,408 1,807,245
At 31 March 2023 1,777,384 81,760 1,859,144
3 Investment in property development
Other
investments
£
Cost
At 1 April 2023 272,398
Disposals (50,000)
At 31 March 2024 222,398
4 Debtors 2024 2023
£ £
Related party balances - 507,525
Loan to staff - 30,000
- 537,525
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director's current account 152,190 140,384
Related party balances - 487,264
Related party balance: Abhaya Care Limited 281,000 281,000
Other taxes and social security costs 23,792 21,031
Other creditors and accruals - 6,000
456,982 935,679
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce back loan 31,572 36,624
7 Related party transactions 2024 2023
£ £
Lifetime Care Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Lifetime Care Limited.
An interest free and unsecured loan to Lifetime Care Limited yet to be reimbursed to the company.
Amount due from the related party - 255,808
Sudaj Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Sudaj Limited.
An interest free and unsecured loan to Sudaj Limited yet to be reimbursed to the company.
Amount due to and from the related party - 68,689
Vogue Assets Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Vogue Assets Limited.
An interest free and unsecured loan from Vogue Assets Limited yet to be reimbursed by the company.
Amount due to and from the related party - 113,774
Sat Bir Asset Holdings Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Sat Bir Asset Holdings Limited.
An interest free and unsecured loan to Sat Bir Asset Holdings Limited yet to be reimbursed to the company.
Amount due from the related party - 2,629
Mulberry Care Group Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Mulberry Care Group Limited.
An interest free and unsecured loan to Mulberry care Group Limited yet to be reimbursed to the company.
Amount due from the related party - 147,705
Willow Cottage Care Home Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Willow Cottage Care Home Limited.
An interest free and unsecured loan to and from Willow Cottage Care Home Limited yet to be reimbursed to and by the company.
Amount due to the related party - 26,898
Protégé Corporation Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Protégé Corporation Limited.
An interest free and unsecured loan from Protégé Corporation Limited yet to be reimbursed to the company.
Amount due to the related party - 98,393
Saij Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Saij Limited.
An interest free and unsecured loan to Saij Limited yet to be reimbursed to the company.
Amount due to the related party - 179,510
Life Care Corporation Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Life Care Corporation Limited.
An interest free and unsecured loan from Life Care Corporation Limited yet to be reimbursed by the company.
Amount due from and to the related party - 92,128
Chippenham Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Chippenham Limited.
An interest free and unsecured loan from Chippenham Limited yet to be reimbursed by the company.
Amount due from and to the related party - 9,255
Abhaya Care Limited
The company is related by virtue of an interest in the company.
An interest free and unsecured loan by Abhaya Care Limited yet to be reimbursed by the company.
Amount due to the related party 281,000 281,000
8 Controlling party
The director controls the company.
9 Other information
Mulberry Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
Keyers Bridge House
Wokingham Road
Hurst
Reading
Berkshire RG10 0RU
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