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REGISTERED NUMBER: 09378587 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Care For Your Life (Fair Haven) Limited

Care For Your Life (Fair Haven) Limited (Registered number: 09378587)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Care For Your Life (Fair Haven) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr K Ravivaruman
Mrs K Ravivaruman
Mr G Ravivaruman





REGISTERED OFFICE: 6
Derby Avenue
Skegness
PE25 3DH





REGISTERED NUMBER: 09378587 (England and Wales)






Care For Your Life (Fair Haven) Limited (Registered number: 09378587)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,333 47,333
Tangible assets 5 739,913 753,808
779,246 801,141

CURRENT ASSETS
Stocks 608 593
Debtors 6 135,545 54,187
Cash at bank and in hand 68,131 64,585
204,284 119,365
CREDITORS
Amounts falling due within one year 7 220,325 144,666
NET CURRENT LIABILITIES (16,041 ) (25,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

763,205

775,840

CREDITORS
Amounts falling due after more than one
year

8

(355,939

)

(362,960

)

PROVISIONS FOR LIABILITIES (9,327 ) (6,787 )
NET ASSETS 397,939 406,093

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 396,939 405,093
SHAREHOLDERS' FUNDS 397,939 406,093

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

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

Care For Your Life (Fair Haven) Limited (Registered number: 09378587)

Balance Sheet - continued
31 March 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 5 November 2024 and were signed on its behalf by:




Mr K Ravivaruman - Director



Mr G Ravivaruman - Director


Care For Your Life (Fair Haven) Limited (Registered number: 09378587)

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

1. STATUTORY INFORMATION

Care For Your Life (Fair Haven) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of fourteen 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Care For Your Life (Fair Haven) Limited (Registered number: 09378587)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 33 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 110,000
AMORTISATION
At 1 April 2023 62,667
Charge for year 8,000
At 31 March 2024 70,667
NET BOOK VALUE
At 31 March 2024 39,333
At 31 March 2023 47,333

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 751,987 210,742 962,729
Additions - 12,875 12,875
Disposals - (5,154 ) (5,154 )
At 31 March 2024 751,987 218,463 970,450
DEPRECIATION
At 1 April 2023 78,647 130,274 208,921
Charge for year 10,040 13,565 23,605
Eliminated on disposal - (1,989 ) (1,989 )
At 31 March 2024 88,687 141,850 230,537
NET BOOK VALUE
At 31 March 2024 663,300 76,613 739,913
At 31 March 2023 673,340 80,468 753,808

Care For Your Life (Fair Haven) Limited (Registered number: 09378587)

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

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 12,738 2,835
Other debtors 4,245 14,402
16,983 17,237

Amounts falling due after more than one year:
Amounts owed by associates 118,562 36,950

Aggregate amounts 135,545 54,187

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 36,516 36,516
Trade creditors 90,401 54,587
Taxation and social security 36,174 28,417
Other creditors 57,234 25,146
220,325 144,666

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 355,939 362,960

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 355,939 362,960

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 392,455 399,476

The bank loans are secured on freehold property, and a cross guarantee among associated companies, Care For Your Life Ltd & Care For Your Life - St Clare's Limited.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Ravivaruman.