Lifetime Care Limited
Registered number: 05287259
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 506,455 506,455
Current assets
Debtors 3 - 2,166
Cash at bank and in hand 522 300
522 2,466
Creditors: amounts falling due within one year 4 (201,280) (635,955)
Net current assets (200,758) (633,489)
Net Assets 305,697 (127,034)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 304,697 (128,034)
Shareholders' funds 305,697 (127,034)
Average number of employees 0 0
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 1 September 2024
Lifetime 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. As the Company has remained dormant no depreciation has been provided for the year.
2 Tangible fixed assets
Building and Improvement costs Equipment, fixtures and fittings Total
£ £ £
Cost
At 1 April 2023 535,694 127,158 662,852
At 31 March 2024 535,694 127,158 662,852
Depreciation
At 1 April 2023 51,469 104,928 156,397
At 31 March 2024 51,469 104,928 156,397
Net book value
At 31 March 2024 484,225 22,230 506,455
At 31 March 2023 484,225 22,230 506,455
3 Debtors 2024 2023
£ £
Related party balances - 2,166
4 Creditors: amounts falling due within one year 2024 2023
£ £
Director's current account 151,490 151,490
Related party balances - 433,566
Related party balance: Abhaya Care Limited 49,790 49,790
Other creditors and accruals - 1,109
201,280 635,955
5 Related party transactions 2024 2023
£ £
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 to Protégé Corporation Limited yet to be reimbursed to the company.
Amount due from the related party - 120
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 to Chippenham Limited yet to be reimbursed to the company.
Amount due from the related party - 1,272
Mulberry Property Management Ltd
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Mulberry Property Management Ltd.
An interest free and unsecured loan to Mulberry Property Management Ltd yet to be reimbursed to the company.
Amount due from the related party - 222
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 from the related party - 552
Mulberry care Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Mulberry Care Limited.
An interest free and unsecured loan by Mulberry Care Limited yet to be reimbursed by the company.
Amount due to the related party - 255,808
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 by Life Care Corporation Limited yet to be reimbursed by the company.
Amount due to the related party - 156,355
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 by Willow Cottage Care Home Limited yet to be reimbursed by the company.
Amount due to the related party - 20,923
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 49,790 49,790
6 Controlling party
The director controls the company.
7 Other information
Lifetime 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 RG 0RU
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