Lifetime Care Limited |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. As the Company has remained dormant no depreciation has been provided for the year. |
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2 |
Tangible fixed assets |
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Building and Improvement costs |
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Equipment, fixtures and fittings |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 April 2023 |
535,694 |
|
127,158 |
|
662,852 |
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At 31 March 2024 |
535,694 |
|
127,158 |
|
662,852 |
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Depreciation |
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At 1 April 2023 |
51,469 |
|
104,928 |
|
156,397 |
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At 31 March 2024 |
51,469 |
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104,928 |
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156,397 |
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Net book value |
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At 31 March 2024 |
484,225 |
|
22,230 |
|
506,455 |
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At 31 March 2023 |
484,225 |
|
22,230 |
|
506,455 |
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3 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Related party balances |
- |
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2,166 |
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4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
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Director's current account |
151,490 |
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151,490 |
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Related party balances |
- |
|
433,566 |
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Related party balance: Abhaya Care Limited |
49,790 |
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49,790 |
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Other creditors and accruals |
- |
|
1,109 |
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201,280 |
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635,955 |
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5 |
Related party transactions |
2024 |
|
2023 |
£ |
£ |
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Protégé Corporation Limited |
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Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Protégé Corporation Limited. |
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An interest free and unsecured loan to Protégé Corporation Limited yet to be reimbursed to the company. |
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Amount due from the related party |
- |
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120 |
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Chippenham Limited |
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Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Chippenham Limited. |
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An interest free and unsecured loan to Chippenham Limited yet to be reimbursed to the company. |
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Amount due from the related party |
- |
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1,272 |
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Mulberry Property Management Ltd |
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Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Mulberry Property Management Ltd. |
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An interest free and unsecured loan to Mulberry Property Management Ltd yet to be reimbursed to the company. |
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Amount due from the related party |
- |
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222 |
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Saij Limited |
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Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Saij Limited. |
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An interest free and unsecured loan to Saij Limited yet to be reimbursed to the company. |
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Amount due from the related party |
- |
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552 |
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Mulberry care Limited |
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Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Mulberry Care Limited. |
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An interest free and unsecured loan by Mulberry Care Limited yet to be reimbursed by the company. |
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Amount due to the related party |
- |
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255,808 |
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Life Care Corporation Limited |
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Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Life Care Corporation Limited. |
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An interest free and unsecured loan by Life Care Corporation Limited yet to be reimbursed by the company. |
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Amount due to the related party |
- |
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156,355 |
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Willow Cottage Care Home Limited |
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Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Willow Cottage Care Home Limited. |
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An interest free and unsecured loan by Willow Cottage Care Home Limited yet to be reimbursed by the company. |
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Amount due to the related party |
- |
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20,923 |
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Abhaya Care Limited |
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The company is related by virtue of an interest in the company. |
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An interest free and unsecured loan by Abhaya Care Limited yet to be reimbursed by the company. |
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Amount due to the related party |
49,790 |
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49,790 |
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6 |
Controlling party |
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The director controls the company. |
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7 |
Other information |
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Lifetime Care Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Keyers Bridge House |
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Wokingham Road |
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Hurst |
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Reading |
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Berkshire RG 0RU |