0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,068,021 284,305 2,352,326 2,352,326 2,068,021 xbrli:pure xbrli:shares iso4217:GBP 13494094 2023-04-01 2024-03-31 13494094 2024-03-31 13494094 2023-03-31 13494094 2022-04-01 2023-03-31 13494094 2023-03-31 13494094 2022-03-31 13494094 bus:Director2 2023-04-01 2024-03-31 13494094 bus:Director1 2023-04-01 2024-03-31 13494094 bus:Director3 2023-04-01 2024-03-31 13494094 core:WithinOneYear 2024-03-31 13494094 core:WithinOneYear 2023-03-31 13494094 core:AfterOneYear 2024-03-31 13494094 core:AfterOneYear 2023-03-31 13494094 core:ShareCapital 2024-03-31 13494094 core:ShareCapital 2023-03-31 13494094 core:RetainedEarningsAccumulatedLosses 2024-03-31 13494094 core:RetainedEarningsAccumulatedLosses 2023-03-31 13494094 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 13494094 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 13494094 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 13494094 core:Non-currentFinancialInstruments 2024-03-31 13494094 core:Non-currentFinancialInstruments 2023-03-31 13494094 bus:Director1 2023-03-31 13494094 bus:Director1 2024-03-31 13494094 bus:Director2 2023-03-31 13494094 bus:Director2 2024-03-31 13494094 bus:Director3 2023-03-31 13494094 bus:Director3 2024-03-31 13494094 bus:Director1 2022-03-31 13494094 bus:Director1 2023-03-31 13494094 bus:Director2 2022-03-31 13494094 bus:Director2 2023-03-31 13494094 bus:Director3 2022-03-31 13494094 bus:Director3 2023-03-31 13494094 bus:Director1 2022-04-01 2023-03-31 13494094 bus:Director2 2022-04-01 2023-03-31 13494094 bus:Director3 2022-04-01 2023-03-31 13494094 bus:SmallEntities 2023-04-01 2024-03-31 13494094 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13494094 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13494094 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13494094 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 13494094
Midlands Homecare Limited
Filleted Unaudited Financial Statements
31 March 2024
Midlands Homecare Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
2,352,326
2,068,021
Current assets
Debtors
5
100,655
Cash at bank and in hand
1,523
4,342
---------
-------
102,178
4,342
Creditors: amounts falling due within one year
6
1,554,896
1,177,190
------------
------------
Net current liabilities
1,452,718
1,172,848
------------
------------
Total assets less current liabilities
899,608
895,173
Creditors: amounts falling due after more than one year
7
601,439
512,091
---------
---------
Net assets
298,169
383,082
---------
---------
Capital and reserves
Called up share capital
300
300
Profit and loss account
297,869
382,782
---------
---------
Shareholders funds
298,169
383,082
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Midlands Homecare Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 14 November 2024 , and are signed on behalf of the board by:
Mr D Ahmad
Director
Company registration number: 13494094
Midlands Homecare Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2023
2,068,021
Additions
284,305
------------
At 31 March 2024
2,352,326
------------
Impairment
At 1 April 2023 and 31 March 2024
------------
Carrying amount
At 31 March 2024
2,352,326
------------
At 31 March 2023
2,068,021
------------
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
100,655
---------
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
77,168
90,382
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,256,151
678,334
Other creditors
221,577
408,474
------------
------------
1,554,896
1,177,190
------------
------------
The bank loans are secured by a fixed and floating charge on the assets of the company.
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
461,439
512,091
Other creditors
140,000
---------
---------
601,439
512,091
---------
---------
Included within creditors: amounts falling due after more than one year is an amount of £77,421 (2023: £185,740) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The bank loans are secured by a fixed and floating charge on the assets of the company.
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A S Shah
( 230,009)
141,340
( 88,669)
Mr D Ahmad
3,153
14,990
( 18,500)
( 357)
Mr H S Sehmi
3,587
3,587
---------
---------
--------
--------
( 223,269)
156,330
( 18,500)
( 85,439)
---------
---------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A S Shah
( 364,182)
134,173
( 230,009)
Mr D Ahmad
90
3,063
3,153
Mr H S Sehmi
2,033
1,554
3,587
---------
---------
----
---------
( 362,059)
138,790
( 223,269)
---------
---------
----
---------