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Registrar

Registration number: 06221899

Eden Health Care Services (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Eden Health Care Services (UK) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Eden Health Care Services (UK) Limited

Company Information

Directors

T Kovaleva

Registered office

Acorn Lodge Care Home
Bovingdon Road
Beazley End
Braintree
Essex
CM7 5JH

Bankers

Barclays Bank PLC
1 Bank Street
Braintree
Essex
CM7 7UQ

Accountants

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Eden Health Care Services (UK) Limited

(Registration number: 06221899)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,064,873

1,113,657

Current assets

 

Debtors

5

11,380

10,571

Cash at bank and in hand

 

2,461,026

2,011,878

 

2,472,406

2,022,449

Creditors: Amounts falling due within one year

6

(311,383)

(381,617)

Net current assets

 

2,161,023

1,640,832

Total assets less current liabilities

 

3,225,896

2,754,489

Creditors: Amounts falling due after more than one year

6

-

(53,545)

Provisions for liabilities

(21,823)

(26,557)

Net assets

 

3,204,073

2,674,387

Capital and reserves

 

Called up share capital

7

100

1

Retained earnings

3,203,973

2,674,386

Shareholders' funds

 

3,204,073

2,674,387

For the financial year ended 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 November 2024
 

T Kovaleva
Director

 

Eden Health Care Services (UK) Limited

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

1

General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is Acorn Lodge Care Home, Bovingdon Road, Beazley End, Braintree, Essex, CM7 5JH.

These financial statements were authorised for issue by the director on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents net invoiced sales of skilled nursing care services for the people with learning disabilities on an accruals basis. The Company has not registered for value added tax as its trade is an exempt supply.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% Straight Line Method

Plant & Machinery

25% Reducing Balance Method

Office Equipment

15% Reducing Balance Method

Fixtures & Fittings

15% Reducing Balance Method

Motor Vehicles

25% Reducing Balance Method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

 

Eden Health Care Services (UK) Limited

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

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the director) during the year, was 28 (2023 - 30).

 

Eden Health Care Services (UK) Limited

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

4

Tangible assets

Freehold Property
£

Office equipment
 £

Motor vehicles
 £

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

1,432,077

3,586

1,200

201,183

1,801

1,639,847

Additions

-

1,295

-

-

-

1,295

Disposals

-

(1,346)

(1,200)

(17,237)

-

(19,783)

At 31 March 2024

1,432,077

3,535

-

183,946

1,801

1,621,359

Depreciation

At 1 April 2023

425,856

1,860

715

97,182

577

526,190

Charge for the year

28,642

453

121

15,600

306

45,122

Eliminated on disposal

-

(1,148)

(836)

(12,842)

-

(14,826)

At 31 March 2024

454,498

1,165

-

99,940

883

556,486

Carrying amount

At 31 March 2024

977,579

2,370

-

84,006

918

1,064,873

At 31 March 2023

1,006,221

1,726

485

104,001

1,224

1,113,657

Included within the net book value of land and buildings above is £977,580 (2023 - £1,006,221) in respect of freehold land and buildings.
 

 

Eden Health Care Services (UK) Limited

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

5

Debtors

2024
£

2023
£

Prepayments

8,695

7,471

Other debtors

2,685

3,100

11,380

10,571

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

-

23,700

Trade creditors

 

148

8,428

Taxation and social security

 

196,368

151,493

Accruals and deferred income

 

3,408

1,815

Other creditors

 

111,459

196,181

 

311,383

381,617

Creditors include bank loans which are secured of £NIL (2023 - £23,700).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

-

53,545


Creditors include bank loans which are secured of £NIL (2023 - £53,545).

Bank borrowings

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

1

1

       

Following the issue of 99 ordinary shares of £1 in the year.

 

Eden Health Care Services (UK) Limited

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

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

23,700

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

53,545

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £5,178 (2023 - £6,813).