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REGISTERED NUMBER: 04161913 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

Ashdown Care Ltd
Group Accounts

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company information 1

Group strategic report 2

Report of the director 3

Report of the independent auditors 4

Consolidated income statement 8

Consolidated other comprehensive income 9

Consolidated balance sheet 10

Company balance sheet 11

Consolidated statement of changes in equity 12

Company statement of changes in equity 13

Consolidated cash flow statement 14

Notes to the consolidated cash flow statement 15

Notes to the consolidated financial statements 16


Ashdown Care Ltd
Group Accounts

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: A S Pradhan



SECRETARY: Mrs N Pradhan



REGISTERED OFFICE: C/O Mcak & Co, 1st Floor,
Princeton Mews
167-169 London Road
Kingston Upon Thames
Surrey
LT2 6PT



REGISTERED NUMBER: 04161913 (England and Wales)



SENIOR STATUTORY AUDITOR: Fahreen Meghani



AUDITORS: Fairman Harris
Chartered Accountants
Registered Auditors
1 Landor Road
London
SW9 9RX

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

GROUP STRATEGIC REPORT
for the Year Ended 30 June 2023

The director presents his strategic report of the company and the group for the year ended 30 June 2023.

REVIEW OF BUSINESS
In the opinion of the director, the company has achieved good results of the year under review.

The results and the position of the group are shown in the financial statements. The results at the end of the year and the level of business during the year were satisfactory and the director expects to maintain the level of activity for the foreseeable future.

The turnover for the year to 30 June,2024 is likely be consistent and with tight control on the expenditure, profitability will continue at satisfactory level.
£ £
Turnover 10,020,209 8,416,702
Profit before taxation 1,236,050 2,254,608
Gross profit 4,408631 3,448,117
Gross profit percentage 43.99% 40.96%

Shareholders' funds amount to £11,032,322 (2022 - £9,665,649).The director is confident that the company sufficient funds to finance the anticipated levels of activity.

There have been no events since the balance sheet date that materially affect the financial position of the company.

ON BEHALF OF THE BOARD:





A S Pradhan - Director


30 September 2024

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

REPORT OF THE DIRECTOR
for the Year Ended 30 June 2023

The director presents his report with the financial statements of the company and the group for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of owning and managing nursing homes.

DIVIDENDS
No dividends will be distributed for the year ended 30 June 2023.

DIRECTOR
A S Pradhan held office during the whole of the period from 1 July 2022 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE
During the year company paid £30,233 to Aga Khan Foundation (UK), Charity registered in UK.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group strategic report, the Report of the director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Fairman Harris, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A S Pradhan - Director


30 September 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHDOWN CARE LTD
GROUP ACCOUNTS

Opinion
We have audited the financial statements of Ashdown Care Ltd Group Accounts (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2023 which comprise the Consolidated income statement, Consolidated other comprehensive income, Consolidated balance sheet, Company balance sheet, Consolidated statement of changes in equity, Company statement of changes in equity, Consolidated cash flow statement and Notes to the consolidated cash flow statement, Notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 June 2023 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

Other matters
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group strategic report and the Report of the director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group strategic report and the Report of the director have been prepared in accordance with applicable legal requirements.
- the group has not been audited in prior years despite being a requirement to do so.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Report of the director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHDOWN CARE LTD
GROUP ACCOUNTS


Responsibilities of director
As explained more fully in the Statement of director's responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHDOWN CARE LTD
GROUP ACCOUNTS


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management. We gained an understanding of the legal and regulatory framework applicable to the Union and the industry in which it operates, drawing on our broad sector experience, and considered the risk of acts by the Union that were contrary to these laws and regulations, including fraud. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Trade Union and Labour Relations (Consolidation) Act 1992, UK tax legislation and equivalent local laws and regulations. We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of the Central Executive Council meetings, minutes of regional meetings held, legal reports provided to the Central Executive Council and correspondence between the Union and its solicitors. We completed a sample of branch audit reviews with a focus on the income, expenditure and cash balances throughout the period to ensure that activities were supported and in line with Union rules and practices. Any unusual findings were raised with the regional secretaries for further investigation. Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. As in all of our audits, we also addressed the risk of management override of internal controls including testing journals and evaluation whether there was evidence of bias by the Central Executive Council that represented a risk of material misstatement due to fraud. Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognizing that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councils website at: www.frc.org.uk/auditors responsibilities. This description forms part of our auditor’s report.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHDOWN CARE LTD
GROUP ACCOUNTS


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Fahreen Meghani (Senior Statutory Auditor)
for and on behalf of Fairman Harris
Chartered Accountants
Registered Auditors
1 Landor Road
London
SW9 9RX

1 October 2024

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

CONSOLIDATED INCOME STATEMENT
for the Year Ended 30 June 2023

30.6.23 30.6.22
Notes £    £   

TURNOVER 10,020,209 8,416,702

Cost of sales 5,611,578 4,968,525
GROSS PROFIT 4,408,631 3,448,177

Administrative expenses 3,156,264 1,552,759
1,252,367 1,895,418

Other operating income 93,099 414,217
OPERATING PROFIT 4 1,345,466 2,309,635

Interest receivable and similar income 28,597 5,395
1,374,063 2,315,030

Interest payable and similar expenses 5 138,013 60,422
PROFIT BEFORE TAXATION 1,236,050 2,254,608

Tax on profit 6 (130,623 ) 433,460
PROFIT FOR THE FINANCIAL YEAR 1,366,673 1,821,148
Profit attributable to:
Owners of the parent 1,366,673 1,821,148

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
for the Year Ended 30 June 2023

30.6.23 30.6.22
Notes £    £   

PROFIT FOR THE YEAR 1,366,673 1,821,148


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,366,673

1,821,148

Total comprehensive income attributable to:
Owners of the parent 1,366,673 1,821,148

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

CONSOLIDATED BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 3,508,400 4,876,220
Tangible assets 9 4,513,531 4,540,020
Investments 10 - -
Investment property 11 883,425 496,091
8,905,356 9,912,331

CURRENT ASSETS
Debtors 12 5,270,239 3,496,991
Cash at bank and in hand 3,836,786 3,503,235
9,107,025 7,000,226
CREDITORS
Amounts falling due within one year 13 4,622,871 4,388,646
NET CURRENT ASSETS 4,484,154 2,611,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,389,510

12,523,911

CREDITORS
Amounts falling due after more than one
year

14

2,357,188

2,858,262
NET ASSETS 11,032,322 9,665,649

CAPITAL AND RESERVES
Called up share capital 17 600 600
Retained earnings 18 11,031,722 9,665,049
SHAREHOLDERS' FUNDS 11,032,322 9,665,649

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





A S Pradhan - Director


Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

COMPANY BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 7,245 36,621
Tangible assets 9 3,321,440 3,350,670
Investments 10 3,503,155 4,841,599
Investment property 11 883,425 496,091
7,715,265 8,724,981

CURRENT ASSETS
Debtors 12 4,950,581 3,213,275
Cash at bank and in hand 3,405,559 2,974,832
8,356,140 6,188,107
CREDITORS
Amounts falling due within one year 13 4,600,840 4,198,963
NET CURRENT ASSETS 3,755,300 1,989,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,470,565

10,714,125

CREDITORS
Amounts falling due after more than one
year

14

2,318,299

2,813,817
NET ASSETS 9,152,266 7,900,308

CAPITAL AND RESERVES
Called up share capital 17 600 600
Retained earnings 18 9,151,666 7,899,708
SHAREHOLDERS' FUNDS 9,152,266 7,900,308

Company's profit for the financial year 1,251,958 1,652,088

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





A S Pradhan - Director


Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
for the Year Ended 30 June 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 July 2021 600 7,843,901 7,844,501

Changes in equity
Total comprehensive income - 1,821,148 1,821,148
Balance at 30 June 2022 600 9,665,049 9,665,649

Changes in equity
Total comprehensive income - 1,366,673 1,366,673
Balance at 30 June 2023 600 11,031,722 11,032,322

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

COMPANY STATEMENT OF CHANGES IN EQUITY
for the Year Ended 30 June 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 July 2021 600 6,247,620 6,248,220

Changes in equity
Total comprehensive income - 1,652,088 1,652,088
Balance at 30 June 2022 600 7,899,708 7,900,308

Changes in equity
Total comprehensive income - 1,251,958 1,251,958
Balance at 30 June 2023 600 9,151,666 9,152,266

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

CONSOLIDATED CASH FLOW STATEMENT
for the Year Ended 30 June 2023

30.6.23 30.6.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,094,048 1,997,422
Interest paid (138,013 ) (60,422 )
Tax paid (1,133,216 ) 47,899
Net cash from operating activities (177,181 ) 1,984,899

Cash flows from investing activities
Purchase of tangible fixed assets (101,237 ) (94,107 )
Purchase of investment property (387,334 ) (496,091 )
Sale of tangible fixed assets 14,958 -
Interest received 28,597 5,395
Net cash from investing activities (445,016 ) (584,803 )

Cash flows from financing activities
Amount introduced by directors (9,590 ) 204,253
Loans advanced 965,338 23,556
Net cash from financing activities 955,748 227,809

Increase in cash and cash equivalents 333,551 1,627,905
Cash and cash equivalents at
beginning of year

2

3,503,235

1,875,330

Cash and cash equivalents at end of
year

2

3,836,786

3,503,235

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
for the Year Ended 30 June 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

30.6.23 30.6.22
£    £   
Profit before taxation 1,236,050 2,254,608
Depreciation charges 155,048 148,298
Profit on disposal of fixed assets (12,904 ) -
Government grants - (381,784 )
Finance costs 138,013 60,422
Finance income (28,597 ) (5,395 )
1,487,610 2,076,149
(Increase)/decrease in trade and other debtors (503,928 ) 313,564
Increase/(decrease) in trade and other creditors 110,366 (392,291 )
Cash generated from operations 1,094,048 1,997,422

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash flow statement in respect of cash and cash equivalents are in respect of these Balance sheet amounts:

Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 3,836,786 3,503,235
Year ended 30 June 2022
30.6.22 1.7.21
£    £   
Cash and cash equivalents 3,503,235 1,875,330


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.22 Cash flow At 30.6.23
£    £    £   
Net cash
Cash at bank and in hand 3,503,235 333,551 3,836,786
3,503,235 333,551 3,836,786
Debt
Debts falling due within 1 year (538,045 ) (58,688 ) (596,733 )
Debts falling due after 1 year (2,858,262 ) 501,074 (2,357,188 )
(3,396,307 ) 442,386 (2,953,921 )
Total 106,928 775,937 882,865

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Ashdown Care Ltd Group Accounts 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

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 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Improvements to property - 1% on cost
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment properties are stated at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.


Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
30.6.23 30.6.22
£    £   
Wages and salaries 4,865,169 4,306,013
Social security costs 336,270 302,091
Other pension costs 77,959 66,103
5,279,398 4,674,207

The average number of employees during the year was as follows:
30.6.23 30.6.22

Administration,management & finance 12 12
Care & Nursing 187 191
Kitchen & other services 37 28
236 231

The average number of employees by undertakings that were proportionately consolidated during the year was 236 (2022 - 231 ) .

30.6.23 30.6.22
£    £   
Director's remuneration - -

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30.6.23 30.6.22
£    £   
Depreciation - owned assets 125,672 118,922
Profit on disposal of fixed assets (12,904 ) -
Goodwill amortisation 29,376 29,375
Audit fees 30,000 -

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

5. INTEREST PAYABLE AND SIMILAR EXPENSES
30.6.23 30.6.22
£    £   
Bank loan interest 138,013 60,422

6. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the profit for the year was as follows:
30.6.23 30.6.22
£    £   
Current tax:
UK corporation tax 538,677 433,460

Deferred tax (669,300 ) -
Tax on profit (130,623 ) 433,460

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income statement of the parent company is not presented as part of these financial statements.


8. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 5,522,103
AMORTISATION
At 1 July 2022 645,883
Amortisation for year 29,376
Impairments 1,338,444
At 30 June 2023 2,013,703
NET BOOK VALUE
At 30 June 2023 3,508,400
At 30 June 2022 4,876,220

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

8. INTANGIBLE FIXED ASSETS - continued

Company
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 587,504
AMORTISATION
At 1 July 2022 550,883
Amortisation for year 29,376
At 30 June 2023 580,259
NET BOOK VALUE
At 30 June 2023 7,245
At 30 June 2022 36,621

9. TANGIBLE FIXED ASSETS

Group
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2022 4,169,921 916,049 1,121,895
Additions - - 14,708
Disposals (2,054 ) - -
At 30 June 2023 4,167,867 916,049 1,136,603
DEPRECIATION
At 1 July 2022 704,350 76,967 1,054,932
Charge for year 36,022 8,930 20,412
At 30 June 2023 740,372 85,897 1,075,344
NET BOOK VALUE
At 30 June 2023 3,427,495 830,152 61,259
At 30 June 2022 3,465,571 839,082 66,963

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

9. TANGIBLE FIXED ASSETS - continued

Group

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 934,752 11,000 70,567 7,224,184
Additions 73,328 - 13,201 101,237
Disposals - - - (2,054 )
At 30 June 2023 1,008,080 11,000 83,768 7,323,367
DEPRECIATION
At 1 July 2022 801,742 11,000 35,173 2,684,164
Charge for year 48,159 - 12,149 125,672
At 30 June 2023 849,901 11,000 47,322 2,809,836
NET BOOK VALUE
At 30 June 2023 158,179 - 36,446 4,513,531
At 30 June 2022 133,010 - 35,394 4,540,020

Company
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2022 3,015,305 723,551 1,005,880
Additions - - 13,644
Disposals (2,054 ) - -
At 30 June 2023 3,013,251 723,551 1,019,524
DEPRECIATION
At 1 July 2022 519,354 46,124 950,720
Charge for year 30,153 7,235 17,201
At 30 June 2023 549,507 53,359 967,921
NET BOOK VALUE
At 30 June 2023 2,463,744 670,192 51,603
At 30 June 2022 2,495,951 677,427 55,160

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

9. TANGIBLE FIXED ASSETS - continued

Company

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 666,173 11,000 64,507 5,486,416
Additions 45,869 - 13,200 72,713
Disposals - - - (2,054 )
At 30 June 2023 712,042 11,000 77,707 5,557,075
DEPRECIATION
At 1 July 2022 577,305 11,000 31,243 2,135,746
Charge for year 33,684 - 11,616 99,889
At 30 June 2023 610,989 11,000 42,859 2,235,635
NET BOOK VALUE
At 30 June 2023 101,053 - 34,848 3,321,440
At 30 June 2022 88,868 - 33,264 3,350,670

10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 July 2022 4,841,599
Impairments (1,338,444 )
At 30 June 2023 3,503,155
NET BOOK VALUE
At 30 June 2023 3,503,155
At 30 June 2022 4,841,599

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

10. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance sheet date in the share capital of companies include the following:

Subsidiaries

Knightingale Care Ltd
Registered office: C/O Mcak & Co, No15, 1st Floor, Princeton Mews,167-169 London Road, Kingston Upon Thames.Surrey. KT2 6PT
Nature of business: Nursing Home
%
Class of shares: holding
Ordinary shares 100.00
30.6.23 30.6.22
£    £   
Aggregate capital and reserves 1,655,204 1,540,489
Profit for the year 114,715 169,059

Ridgewood Care Ltd
Registered office: C/O Mcak & Co, No15,1st Floor, Princeton Mews, 167-169 London Road Kingston Upon Thames. Surrey. KT2 6PT
Nature of business: Dormant
%
Class of shares: holding
Ordinary shares 100.00
30.6.23 30.6.22
£    £   
Aggregate capital and reserves 226,852 226,852


11. INVESTMENT PROPERTY

The investment properties are stated at cost.

Company
Total
£   
FAIR VALUE
At 1 July 2022 496,091
Additions 387,334
At 30 June 2023 883,425
NET BOOK VALUE
At 30 June 2023 883,425
At 30 June 2022 496,091

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

12. DEBTORS

Group Company
30.6.23 30.6.22 30.6.23 30.6.22
£    £    £    £   
Amounts falling due within one year:
Trade debtors 66,141 267,295 27,178 166,478
Amounts owed by group undertakings - - 328,248 328,248
Amounts owed by participating interests 3,027,685 2,427,665 2,812,162 2,312,142
Other debtors 396,022 394,880 3,402 4,692
Platinum Loan Account 400,000 400,000 400,000 400,000
Prepayments 60,291 5,436 60,291 -
3,950,139 3,495,276 3,631,281 3,211,560

Amounts falling due after more than one year:
Other debtors 650,800 - 650,000 -
Deferred Tax 669,300 - 669,300 -
Prepayments and accrued income - 1,715 - 1,715
1,320,100 1,715 1,319,300 1,715

Aggregate amounts 5,270,239 3,496,991 4,950,581 3,213,275

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.6.23 30.6.22 30.6.23 30.6.22
£    £    £    £   
Bank loans and overdrafts (see note 15) 596,733 538,045 596,733 538,045
Trade creditors 227,024 199,207 195,532 129,851
Amounts owed to group undertakings - - 274,493 177,225
Tax 911,574 836,813 842,492 734,633
Social security and other taxes 101,563 33,713 90,219 33,713
Other creditors 2,530,889 2,489,616 2,474,675 2,424,082
Other creditors 2,816 81,869 2,816 81,869
Company credit card 712 1,469 712 1,469
Overpayments by residents - 62,520 - 62,520
Directors' current accounts 99,753 109,343 523 76
Accruals and deferred income 91,172 - 89,165 -
Accrued expenses 60,635 36,051 33,480 15,480
4,622,871 4,388,646 4,600,840 4,198,963

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
30.6.23 30.6.22 30.6.23 30.6.22
£    £    £    £   
Bank loans (see note 15) 2,357,188 2,858,262 2,318,299 2,813,817

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

15. LOANS

An analysis of the maturity of loans is given below:

Group Company
30.6.23 30.6.22 30.6.23 30.6.22
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 596,733 538,045 596,733 538,045
Amounts falling due between one and two years:
Bank loans - 1-2 years 2,284,885 2,125,335 2,284,885 2,125,335
Amounts falling due between two and five years:
Bank loans - 2-5 years - 650,657 - 650,657
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 72,303 82,270 33,414 37,825

16. SECURED DEBTS

The following secured debts are included within creditors:

Company
30.6.23 30.6.22
£    £   
Bank loans 2,915,032 -

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
600 Ordinary shares 1 600 600

18. RESERVES

Group
Retained
earnings
£   

At 1 July 2022 9,665,049
Profit for the year 1,366,673
At 30 June 2023 11,031,722

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

18. RESERVES - continued

Company
Retained
earnings
£   

At 1 July 2022 7,899,708
Profit for the year 1,251,958
At 30 June 2023 9,151,666


19. RELATED PARTY DISCLOSURES

Other related parties
30.6.23 30.6.22
£    £   
Amount due from related party 3,002,556 2,402,557

The company was owed £3,002,557 (2022: £2,402,557) by Parish Care Ltd ,which is under the common control of the director.

During the year,the company paid £88,609 to Paradedown Ltd, and £18,362 to Paris Care Ltd for office services, companies under the control of the director.

20. ULTIMATE CONTROLLING PARTY

The controlling party is A S Pradhan.

The ultimate controlling party is A S Pradhan.

21. BANK BORROWINGS

The current bank loan agreement expires in November,2024,however the director has been in discussion with the lender to renew the borrowing facility. The bank have confirmed they see no reason for this to be extended for a further four years for full repayment.