Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse2023-04-01falseNo description of principal activity2222trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05010250 2023-04-01 2024-03-31 05010250 2022-04-01 2023-03-31 05010250 2024-03-31 05010250 2023-03-31 05010250 c:CompanySecretary1 2023-04-01 2024-03-31 05010250 c:Director1 2023-04-01 2024-03-31 05010250 c:Director2 2023-04-01 2024-03-31 05010250 c:RegisteredOffice 2023-04-01 2024-03-31 05010250 c:Agent1 2023-04-01 2024-03-31 05010250 d:PlantMachinery 2023-04-01 2024-03-31 05010250 d:PlantMachinery 2024-03-31 05010250 d:PlantMachinery 2023-03-31 05010250 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05010250 d:FurnitureFittings 2023-04-01 2024-03-31 05010250 d:FurnitureFittings 2024-03-31 05010250 d:FurnitureFittings 2023-03-31 05010250 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05010250 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05010250 d:Goodwill 2024-03-31 05010250 d:Goodwill 2023-03-31 05010250 d:CurrentFinancialInstruments 2024-03-31 05010250 d:CurrentFinancialInstruments 2023-03-31 05010250 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05010250 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05010250 d:ShareCapital 2024-03-31 05010250 d:ShareCapital 2023-03-31 05010250 d:RetainedEarningsAccumulatedLosses 2024-03-31 05010250 d:RetainedEarningsAccumulatedLosses 2023-03-31 05010250 c:FRS102 2023-04-01 2024-03-31 05010250 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05010250 c:FullAccounts 2023-04-01 2024-03-31 05010250 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05010250 d:Subsidiary1 2023-04-01 2024-03-31 05010250 d:Subsidiary1 1 2023-04-01 2024-03-31 05010250 2 2023-04-01 2024-03-31 05010250 6 2023-04-01 2024-03-31 05010250 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05010250









BPS CARE HOMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BPS CARE HOMES LIMITED
 
 
COMPANY INFORMATION


Directors
Mr B Balendra 
Mrs S Balendra 




Company secretary
Mrs S Balendra



Registered number
05010250



Registered office
Tasker House
160 Westfield Road

Wellingborough

Northamptonshire

NN8 3HX




Trading Address
Redcliffe Care Home
1 Pightles Terrace

Rushden

Northamptonshire

NN10 0LN






Accountants
Ashon Limited
Chartered Accountants

125 Knoll Crescent

Northwood

Middlesex

HA6 1HX




Bankers
National Westminster Bank plc
315 Station Road

Harrow

Middlesex

HA1 2AD





 
BPS CARE HOMES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BPS CARE HOMES 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 BPS Care Homes Limited for the year ended 31 March 2024 which comprise  the Statement of Financial Position 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 BPS Care Homes Limited, as a body, in accordance with the terms of our engagement letter dated 27 July 2017Our work has been undertaken solely to prepare for your approval the financial statements of BPS Care Homes Limited and state those matters that we have agreed to state to the Board of Directors of BPS Care Homes 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 BPS Care Homes Limited and its Board of Directors, as a body, for our work or for this report. 

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

  



Ashon Limited
Chartered Accountants
125 Knoll Crescent
Northwood
Middlesex
HA6 1HX
21 August 2024
Page 1

 
BPS CARE HOMES LIMITED
REGISTERED NUMBER: 05010250

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
124,836
126,130

Investments
 6 
329,801
329,801

  
454,637
455,931

Current assets
  

Debtors: amounts falling due within one year
 7 
31,804
46,880

Cash at bank and in hand
 8 
208,378
65,791

  
240,182
112,671

Creditors: amounts falling due within one year
 9 
(229,155)
(217,642)

Net current assets/(liabilities)
  
 
 
11,027
 
 
(104,971)

Total assets less current liabilities
  
465,664
350,960

  

Net assets
  
465,664
350,960

Page 2

 
BPS CARE HOMES LIMITED
REGISTERED NUMBER: 05010250
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
464,664
349,960

  
465,664
350,960


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 income and retained earnings 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 on 21 August 2024.




................................................
Mr B Balendra
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company lmited by share capital, incorporated in England & Wales. The
company number and registered office address are:
Company number:                 05010250
Registered office address: Tasker House
                                              160 Westfield Road
                                               Wellingborough
                                               Northamptonshire
                                               NN8 3HX

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.

Enter text here - user input

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
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, rebates, value added tax and other sales taxes. 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.

Page 4

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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 and any accumulated impairment losses.

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.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
15%
Fixtures & fittings
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

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.

 
2.11

Operating leases: the Company as lessee

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

 
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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

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

 
2.14

Taxation

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 reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 22).

Page 6

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
255,000



At 31 March 2024

255,000



Amortisation


At 1 April 2023
255,000



At 31 March 2024

255,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 7

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
212,600
4,835
217,435



At 31 March 2024

212,600
4,835
217,435



Depreciation


At 1 April 2023
86,471
4,834
91,305


Charge for the year on owned assets
1,294
-
1,294



At 31 March 2024

87,765
4,834
92,599



Net book value



At 31 March 2024
124,835
1
124,836



At 31 March 2023
126,129
1
126,130

Page 8

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
329,801



At 31 March 2024
329,801





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Monolace Limited
Ordinary £1
100%

The aggregate of the share capital and reserves as at 31 March 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Monolace Limited
88,994
170,780

Page 9

 
BPS CARE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£


Trade debtors
6,520
12,457

Other debtors
20,468
30,048

Prepayments and accrued income
4,816
4,375

31,804
46,880



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
208,378
65,791

208,378
65,791



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
34,949
32,849

Amounts owed to group undertakings
6,916
56,916

Corporation tax
125,150
87,415

Other taxation and social security
8,174
6,329

Other creditors
23,286
9,493

Accruals and deferred income
30,680
24,640

229,155
217,642


Incuded in other creditors ia an amount of £8,450 (2023: £516) due to the directors.


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to £6,017 (2023: £5,619).

 
Page 10