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REGISTERED NUMBER: SC220891 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

OREMS CARE SERVICES LIMITED

OREMS CARE SERVICES LIMITED (REGISTERED NUMBER: SC220891)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OREMS CARE SERVICES LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: I Hailstones
A Hailstones
L Hailstones



REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC220891 (Scotland)



ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



BANKERS: The Royal Bank of Scotland plc
1304 Duke Street
Glasgow
G31 5PZ

OREMS CARE SERVICES LIMITED (REGISTERED NUMBER: SC220891)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 869,258 872,581

CURRENT ASSETS
Debtors 5 232,128 500,895
Cash at bank and in hand 946,900 620,356
1,179,028 1,121,251
CREDITORS
Amounts falling due within one year 6 289,325 199,225
NET CURRENT ASSETS 889,703 922,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,758,961

1,794,607

CREDITORS
Amounts falling due after more than one
year

7

167,997

186,904
NET ASSETS 1,590,964 1,607,703

CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves 13,134 13,134
Retained earnings 1,577,730 1,594,469
SHAREHOLDERS' FUNDS 1,590,964 1,607,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OREMS CARE SERVICES LIMITED (REGISTERED NUMBER: SC220891)

Balance Sheet - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





I Hailstones - Director


OREMS CARE SERVICES LIMITED (REGISTERED NUMBER: SC220891)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Orems Care Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on a reducing balance basis and 20% on a reducing balance basis

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 52 ) .

OREMS CARE SERVICES LIMITED (REGISTERED NUMBER: SC220891)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 855,000 152,121 1,007,121
Additions - 1,400 1,400
At 31 March 2024 855,000 153,521 1,008,521
DEPRECIATION
At 1 April 2023 - 134,540 134,540
Charge for year - 4,723 4,723
At 31 March 2024 - 139,263 139,263
NET BOOK VALUE
At 31 March 2024 855,000 14,258 869,258
At 31 March 2023 855,000 17,581 872,581

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 13,134 - 13,134
Cost 841,866 153,521 995,387
855,000 153,521 1,008,521

The year the freehold property was valued by Allied Surveyors (Scotland) PLC Chartered Surveyors, at open market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 227,197 346,778
Other debtors 4,931 154,117
232,128 500,895

OREMS CARE SERVICES LIMITED (REGISTERED NUMBER: SC220891)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,740 22,740
Taxation and social security 127,383 171,983
Other creditors 139,202 4,502
289,325 199,225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 167,997 186,904

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 77,037 95,944

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 190,737 209,644

The term loans are secured over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is Orems Holdings Ltd.