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REGISTERED NUMBER: 04944727 (England and Wales)















ASHLEY COURT CARE LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2024






ASHLEY COURT CARE LIMITED (REGISTERED NUMBER: 04944727)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ASHLEY COURT CARE LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: K S Bachra
Mrs N K Bachra





SECRETARY: Mrs N K Bachra





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 04944727 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

ASHLEY COURT CARE LIMITED (REGISTERED NUMBER: 04944727)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,186,336 1,062,022

CURRENT ASSETS
Debtors 5 62,961 20,512
Cash at bank 24,983 25,562
87,944 46,074
CREDITORS
Amounts falling due within one year 6 238,065 122,161
NET CURRENT LIABILITIES (150,121 ) (76,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,036,215

985,935

CREDITORS
Amounts falling due after more than one
year

7

(524,427

)

(549,649

)

PROVISIONS FOR LIABILITIES (19,699 ) (15,020 )
NET ASSETS 492,089 421,266

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 491,989 421,166
SHAREHOLDERS' FUNDS 492,089 421,266

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

ASHLEY COURT CARE LIMITED (REGISTERED NUMBER: 04944727)

Balance Sheet - continued
31 January 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 31 October 2024 and were signed on its behalf by:





Mrs N K Bachra - Director


ASHLEY COURT CARE LIMITED (REGISTERED NUMBER: 04944727)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Ashley Court Care Limited 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The Financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of 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. There were no material departures from that standard.

Turnover
Turnover is recognised when fees are received. The turnover is adjusted for fees received in advance or refunds due.

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 - 2% on cost
Improvements to property - 25% Straight Line
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33.33% on cost

Financial instruments
Basic financial instruments are recognised and amortised at cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

ASHLEY COURT CARE LIMITED (REGISTERED NUMBER: 04944727)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued

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

Going concern
At the date of signing these accounts the directors believe that the company has sufficient reserves to enable the business to continue for the foreseeable future, and therefore continues to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 961,806 285,509 119,012 7,382 1,373,709
Additions 142,457 - 48,391 1,681 192,529
Disposals - - (8,080 ) - (8,080 )
At 31 January 2024 1,104,263 285,509 159,323 9,063 1,558,158
DEPRECIATION
At 1 February 2023 - 262,516 42,285 6,886 311,687
Charge for year 22,085 13,665 26,640 977 63,367
Eliminated on disposal - - (3,232 ) - (3,232 )
At 31 January 2024 22,085 276,181 65,693 7,863 371,822
NET BOOK VALUE
At 31 January 2024 1,082,178 9,328 93,630 1,200 1,186,336
At 31 January 2023 961,806 22,993 76,727 496 1,062,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 61,679 18,261
Prepayments 1,282 2,251
62,961 20,512

ASHLEY COURT CARE LIMITED (REGISTERED NUMBER: 04944727)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 25,039 24,311
Social security and other taxes 90,672 73,796
Other creditors 25,020 10,130
Directors' current accounts 81,493 2,300
Accrued expenses 15,841 11,624
238,065 122,161

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 2-5 years 524,427 84,304
Bank loans more 5 yr by instal - 465,345
524,427 549,649

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 465,345

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 549,466 573,960

The loan is secured by a fixed charge on 249 Penn Road Wolverhampton and a floating charge on all property or undertakings of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 were paid to the directors .

At the balance sheet date the company owed the directors £81,493 (2023 £2,300) The movement of £79,193 is accounted for by undrawn dividends and cash introduced

During the year rent was paid to the directors in the sum of £40,000 (2023 £40,000).

ASHLEY COURT CARE LIMITED (REGISTERED NUMBER: 04944727)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


11. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of it's directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ashley Court Care Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ashley Court Care Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ashley Court Care Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ashley Court Care Limited and state those matters that we have agreed to state to the Board of Directors of Ashley Court Care Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashley Court Care Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ashley Court 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 Ashley Court Care Limited. You consider that Ashley Court Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ashley Court 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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


31 October 2024