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REGISTERED NUMBER: 13164120 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Only Care (Blackwell) Limited

Only Care (Blackwell) Limited (Registered number: 13164120)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Only Care (Blackwell) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R R Dhamecha





REGISTERED OFFICE: 5 Churchill Court
58 Station Road
North Harrow
Harrow
HA2 7SA





REGISTERED NUMBER: 13164120 (England and Wales)

Only Care (Blackwell) Limited (Registered number: 13164120)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,669,454 2,713,145

CURRENT ASSETS
Debtors 5 62,481 13,891
Cash at bank and in hand 299,976 266,614
362,457 280,505
CREDITORS
Amounts falling due within one year 6 2,660,273 2,599,834
NET CURRENT LIABILITIES (2,297,816 ) (2,319,329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,638

393,816

PROVISIONS FOR LIABILITIES 41,503 26,826
NET ASSETS 330,135 366,990

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 330,134 366,989
SHAREHOLDERS' FUNDS 330,135 366,990

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 director and authorised for issue on 2 December 2024 and were signed by:





R R Dhamecha - Director


Only Care (Blackwell) Limited (Registered number: 13164120)

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

1. STATUTORY INFORMATION

Only Care (Blackwell) 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
The turnover shown in the profit and loss account represents residents' fees earned during the year.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised as to write off the cost of assets less their residual values over their useful lives on the following bases:

Land0%
Freehold Property2% straight line
Plant and Machinery10% straight line, 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

Government grants
Government and local authority revenue-based grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the group will comply with the conditions attached to them and the grants will be received.

Government grants are recognised using the accrual model.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

Employee and retirement benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2023 - 72 ) .

Only Care (Blackwell) Limited (Registered number: 13164120)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 2,627,385 182,391 2,809,776
Additions 11,294 10,243 21,537
At 31 July 2024 2,638,679 192,634 2,831,313
DEPRECIATION
At 1 August 2023 78,822 17,809 96,631
Charge for year 46,649 18,579 65,228
At 31 July 2024 125,471 36,388 161,859
NET BOOK VALUE
At 31 July 2024 2,513,208 156,246 2,669,454
At 31 July 2023 2,548,563 164,582 2,713,145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,965 780
Other debtors 45,516 13,111
62,481 13,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 49,376 52,191
Amounts owed to group undertakings 2,310,802 2,302,017
Taxation and social security 75,982 62,150
Other creditors 224,113 183,476
2,660,273 2,599,834

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 36,135 20,843
Between one and five years 55,357 31,316
In more than five years - 1,341
91,492 53,500

Only Care (Blackwell) Limited (Registered number: 13164120)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Botham (Senior Statutory Auditor)
for and on behalf of Botham Accounting Limited

10. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The company is part of a cross group guarantee securing the borrowings of a group entity of £6,149,714 (2023 - £6,363,301) which consists of a fixed and floating charge over all of the property and assets of the company.

11. PARENT COMPANY

The immediate and ultimate parent company is Only Care Limited whose registered office address is 5 Churchill Court, 58 Station Road, North Harrow, HA2 7SA. The group financial statements can be obtained from Companies House.