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REGISTERED NUMBER: 09297618 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

GOLD LEAF HOMECARE LIMITED

GOLD LEAF HOMECARE LIMITED (REGISTERED NUMBER: 09297618)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLD LEAF HOMECARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr M S Nandhra
Mrs J K Bansal Nandhra





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 09297618 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

GOLD LEAF HOMECARE LIMITED (REGISTERED NUMBER: 09297618)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,000 5,000
Tangible assets 5 13,001 15,196
Investments 6 155,488 155,488
172,489 175,684

CURRENT ASSETS
Debtors 7 437,158 445,058
Cash at bank and in hand 827 219
437,985 445,277
CREDITORS
Amounts falling due within one year 8 233,938 203,323
NET CURRENT ASSETS 204,047 241,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,536

417,638

CREDITORS
Amounts falling due after more than one
year

9

117,315

145,129
NET ASSETS 259,221 272,509

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 259,121 272,409
SHAREHOLDERS' FUNDS 259,221 272,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

GOLD LEAF HOMECARE LIMITED (REGISTERED NUMBER: 09297618)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





Mr M S Nandhra - Director


GOLD LEAF HOMECARE LIMITED (REGISTERED NUMBER: 09297618)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Gold Leaf Homecare 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.

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.

Turnover
Turnover represents net fees receivable for services provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 28 ) .

GOLD LEAF HOMECARE LIMITED (REGISTERED NUMBER: 09297618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 10,000
AMORTISATION
At 1 December 2022 5,000
Charge for year 1,000
At 30 November 2023 6,000
NET BOOK VALUE
At 30 November 2023 4,000
At 30 November 2022 5,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 22,166 9,202 31,368
Additions 619 700 1,319
At 30 November 2023 22,785 9,902 32,687
DEPRECIATION
At 1 December 2022 10,502 5,670 16,172
Charge for year 2,456 1,058 3,514
At 30 November 2023 12,958 6,728 19,686
NET BOOK VALUE
At 30 November 2023 9,827 3,174 13,001
At 30 November 2022 11,664 3,532 15,196

GOLD LEAF HOMECARE LIMITED (REGISTERED NUMBER: 09297618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 155,488
NET BOOK VALUE
At 30 November 2023 155,488
At 30 November 2022 155,488

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 46,822 48,960
Amount due from
related company 67,180 60,995
Directors' current accounts 240,461 252,408
Tax 82,695 82,695
437,158 445,058

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 10) 5,833 6,155
Trade creditors 17,410 7,354
Amounts owed to group undertakings 68,116 57,824
Tax 125,841 95,687
Social security and other taxes 12,017 28,366
Pension 1,221 1,177
Accrued expenses 3,500 6,760
233,938 203,323

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 10) 117,315 145,129

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 96,117 120,214

GOLD LEAF HOMECARE LIMITED (REGISTERED NUMBER: 09297618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


10. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 322
Bank loans 5,833 5,833
5,833 6,155

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,198 14,915

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 96,117 120,214

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary 1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr M S Nandhra
Balance outstanding at start of year 252,408 198,630
Amounts advanced - 53,778
Amounts repaid (11,947 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 240,461 252,408

During the year the director was charged £4,914 interest on his overdrawn current account calculated at HM Revenue and Customs rates.