Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01falseThe principal activity of the company continued to be that of a nursing auxiliary recruitment agency which predominantly operates in Sussex.157162truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03958335 2023-04-01 2024-03-31 03958335 2022-04-01 2023-03-31 03958335 2024-03-31 03958335 2023-03-31 03958335 2022-04-01 03958335 c:Director1 2023-04-01 2024-03-31 03958335 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 03958335 d:Buildings d:LongLeaseholdAssets 2024-03-31 03958335 d:Buildings d:LongLeaseholdAssets 2023-03-31 03958335 d:MotorVehicles 2023-04-01 2024-03-31 03958335 d:MotorVehicles 2024-03-31 03958335 d:MotorVehicles 2023-03-31 03958335 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03958335 d:OfficeEquipment 2023-04-01 2024-03-31 03958335 d:OfficeEquipment 2024-03-31 03958335 d:OfficeEquipment 2023-03-31 03958335 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03958335 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03958335 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 03958335 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 03958335 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 03958335 d:CurrentFinancialInstruments 2024-03-31 03958335 d:CurrentFinancialInstruments 2023-03-31 03958335 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03958335 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03958335 d:ShareCapital 2024-03-31 03958335 d:ShareCapital 2023-03-31 03958335 d:SharePremium 2024-03-31 03958335 d:SharePremium 2023-03-31 03958335 d:OtherMiscellaneousReserve 2024-03-31 03958335 d:OtherMiscellaneousReserve 2023-03-31 03958335 d:RetainedEarningsAccumulatedLosses 2024-03-31 03958335 d:RetainedEarningsAccumulatedLosses 2023-03-31 03958335 c:OrdinaryShareClass1 2023-04-01 2024-03-31 03958335 c:OrdinaryShareClass1 2024-03-31 03958335 c:OrdinaryShareClass1 2023-03-31 03958335 c:OrdinaryShareClass2 2023-04-01 2024-03-31 03958335 c:OrdinaryShareClass2 2024-03-31 03958335 c:OrdinaryShareClass2 2023-03-31 03958335 c:FRS102 2023-04-01 2024-03-31 03958335 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03958335 c:FullAccounts 2023-04-01 2024-03-31 03958335 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03958335 2 2023-04-01 2024-03-31 03958335 7 2023-04-01 2024-03-31 03958335 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03958335 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03958335 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 03958335 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 03958335 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03958335










Hanover Care Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2024

 
Hanover Care Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Hanover Care Limited for the year ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hanover Care Limited for the year ended 31 March 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Hanover Care Limited, as a body, in accordance with the terms of our engagement letter dated 19 October 2022Our work has been undertaken solely to prepare for your approval the financial statements of Hanover Care Limited and state those matters that we have agreed to state to the Board of directors of Hanover Care Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hanover Care Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Hanover Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hanover Care Limited. You consider that Hanover Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Hanover Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
16 October 2024
Page 1

 
Hanover Care Limited
Registered number: 03958335

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
11,220
12,515

  
11,220
12,515

Current assets
  

Debtors: amounts falling due within one year
 6 
999,914
1,052,889

Cash at bank and in hand
  
15,651
98,478

  
1,015,565
1,151,367

Creditors: amounts falling due within one year
 7 
(568,945)
(538,050)

Net current assets
  
 
 
446,620
 
 
613,317

Total assets less current liabilities
  
457,840
625,832

Provisions for liabilities
  

Deferred tax
 8 
-
(673)

  
 
 
-
 
 
(673)

Net assets
  
457,840
625,159


Capital and reserves
  

Called up share capital 
 9 
950
950

Share premium account
  
22,050
22,050

Equity reserves
  
235
235

Profit and loss account
  
434,605
601,924

  
457,840
625,159


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
R D Hearn
Director
Page 2

 
Hanover Care Limited
Registered number: 03958335

Balance sheet (continued)
As at 31 March 2024

Date: 16 October 2024

Page 3

 
Hanover Care Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

The company is a private company limited by share capital, incorporated in England & Wales (registered number: 03958335). 
The address of the company's registered office is: 
71 Church Road
Hove
East Sussex
BN3 2BB

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts and value added tax. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website development costs
-
3
years

Page 4

 
Hanover Care Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold improvements
-
Over the term of the lease
Motor vehicles
-
15%
reducing balance
Office equipment
-
33%
straight line

  
2.6

Debtors

Short term debtors are measured at transaction price, less any impairments.

  
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Operating leases: Lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.10

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
Hanover Care Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.13

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences and is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 157 (2023 - 162).

Page 6

 
Hanover Care Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

4.


Intangible assets




Website development costs

£



Cost


At 1 April 2023
8,425



At 31 March 2024

8,425



Amortisation


At 1 April 2023
8,425



At 31 March 2024

8,425



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 7

 
Hanover Care Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

5.


Tangible fixed assets





Leasehold improvements
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
2,200
20,703
33,744
56,647


Additions
-
-
2,498
2,498


Disposals
-
-
(12,843)
(12,843)



At 31 March 2024

2,200
20,703
23,399
46,302



Depreciation


At 1 April 2023
1,148
12,273
30,711
44,132


Charge for the year on owned assets
574
1,264
1,827
3,665


Disposals
-
-
(12,715)
(12,715)



At 31 March 2024

1,722
13,537
19,823
35,082



Net book value



At 31 March 2024
478
7,166
3,576
11,220



At 31 March 2023
1,052
8,430
3,033
12,515


6.


Debtors

2024
2023
£
£


Trade debtors
438,620
486,998

Amounts owed by related party undertakings
548,000
555,050

Other debtors
6,031
6,031

Prepayments and accrued income
7,157
4,810

Deferred taxation
106
-

999,914
1,052,889


Page 8

 
Hanover Care Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
27,527
14,049

Corporation tax
18,053
60,344

Other taxation and social security
160,551
224,876

Other creditors
185,128
107,132

Accruals and deferred income
177,686
131,649

568,945
538,050



8.


Deferred taxation




2024
2023


£

£






At beginning of year
(673)
(1,078)


Charged to profit or loss
779
405



At end of year
106
(673)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(563)
(673)

Short term timing differences
669
-

106
(673)

Page 9

 
Hanover Care Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



9,000 (2023 - 9,000) Ordinary shares of £0.10 each
900
900
500 (2023 - 500) Ordinary A shares of £0.10 each
50
50

950

950



10.


Related party transactions

R D Hearn
(Director)
During the year the director provided the company with an interest free unsecured loan. At the balance sheet date the amount due to the director was £59,950 (2023: £34,950).
M Jackson-Smith
(Director)
During the year the director provided the company with an interest free unsecured loan. At the balance sheet date the amount due to the director was £14,950 (2023: £19,950).
N Jackson-Smith
(Director)
During the year the director provided the company with an interest free unsecured loan. At the balance sheet date the amount due to the director was £109,950 (2023: £49,950).
TTA Investments LTD
(A company under common control) 
During the year Hanover Care Limited provided TTA Investments LTD with an interest free unsecured
loan. At the balance sheet date the amount owed to Hanover Care Limited amounted to £548,000 (2023: £555,050). 


11.


Controlling party note

The company is controlled by the directors jointly, who own 95% of the called up share capital.

Page 10