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REGISTERED NUMBER: 04134536 (England and Wales)









UNITED CARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






UNITED CARE LIMITED (REGISTERED NUMBER: 04134536)






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


UNITED CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Patel
A Verma





REGISTERED OFFICE: 9-11 Vittoria Street,
Birmingham
West Midlands
B1 3ND





REGISTERED NUMBER: 04134536 (England and Wales)





ACCOUNTANTS: UHY Hacker Young (Bham) LLP
9-11 Vittoria Street
Birmingham
B1 3ND

UNITED CARE LIMITED (REGISTERED NUMBER: 04134536)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,929,802 2,960,326
2,929,802 2,960,326

CURRENT ASSETS
Debtors 6 424,573 418,585
Cash in hand 828 683
425,401 419,268
CREDITORS
Amounts falling due within one year 7 741,877 540,876
NET CURRENT LIABILITIES (316,476 ) (121,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,613,326

2,838,718

CREDITORS
Amounts falling due after more than
one year

8

(1,007,281

)

(1,143,298

)

PROVISIONS FOR LIABILITIES (10,257 ) (6,949 )
NET ASSETS 1,595,788 1,688,471

UNITED CARE LIMITED (REGISTERED NUMBER: 04134536)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 195,000 195,000
Revaluation reserve 10 657,306 657,306
Capital redemption reserve 145,000 145,000
Retained earnings 598,482 691,165
SHAREHOLDERS' FUNDS 1,595,788 1,688,471

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.

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 profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:





J Patel - Director


UNITED CARE LIMITED (REGISTERED NUMBER: 04134536)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

United Care 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

General information
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.

United Care Limited is a limited company incorporated in the United Kingdom. The address of the registered office is:

9-11 Vittoria Street
Birmingham
B1 3ND

The principal activity of the Company is that of providing a care home provision for elderly residents.

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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentational and functional currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1.

Going concern
The company's business activities together with the factors likely to affect its future development, performance and position are set out in the Strategic Report on page 2. It also describes how the company manages its capital, and the principal risks and uncertainties facing the company and its exposure to credit and liquidity risk.

As described in the Strategic Report on page 2, the current economic environment is challenging. No matter has been brought to the directors attention to suggest that facilities will not continue to be made available to the company for the foreseeable future. The directors have not prepared forecasts past this date due to the challenging economic environment resulting in forecasts past this date becoming unreliable.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly they continue to adopt the going concern basis in preparing the accounts.

UNITED CARE LIMITED (REGISTERED NUMBER: 04134536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Measurement convention
The financial statements are prepared on the historical cost basis except in the instance where assets and liabilities are stated at their fair value.

Basic financial instruments

Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance

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.

UNITED CARE LIMITED (REGISTERED NUMBER: 04134536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other income, in which case it is recognised directly in equity or other income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 59 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 160,000
AMORTISATION
At 1 April 2023
and 31 March 2024 160,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

UNITED CARE LIMITED (REGISTERED NUMBER: 04134536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 3,537,054 240,431 3,777,485
Additions - 25,030 25,030
At 31 March 2024 3,537,054 265,461 3,802,515
DEPRECIATION
At 1 April 2023 613,300 203,859 817,159
Charge for year 47,937 7,617 55,554
At 31 March 2024 661,237 211,476 872,713
NET BOOK VALUE
At 31 March 2024 2,875,817 53,985 2,929,802
At 31 March 2023 2,923,754 36,572 2,960,326


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 49,083 927
Amounts owed by group undertakings 369,200 412,713
Other debtors 6,290 4,945
424,573 418,585

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 200,793 186,678
Trade creditors 79,515 140,863
Amounts owed to group undertakings 263,430 -
Taxation and social security 21,376 15,524
Other creditors 176,763 197,811
741,877 540,876

UNITED CARE LIMITED (REGISTERED NUMBER: 04134536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,007,281 1,143,298

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 269,583

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,169,046 1,297,413

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 657,306