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REGISTERED NUMBER: 05582027 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Simicare Limited

Simicare Limited (Registered number: 05582027)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simicare Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Baljit Gill Thind





SECRETARY: Jashpal Singh Thind





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 05582027 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Simicare Limited (Registered number: 05582027)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 237,663 272,443
Tangible assets 5 947,079 918,034
Investments 6 406,067 -
1,590,809 1,190,477

CURRENT ASSETS
Debtors 7 876,286 748,077
Cash at bank 276,857 324,229
1,153,143 1,072,306
CREDITORS
Amounts falling due within one year 8 (897,663 ) (772,473 )
NET CURRENT ASSETS 255,480 299,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,846,289

1,490,310

CREDITORS
Amounts falling due after more than
one year

9

(648,562

)

(695,419

)
NET ASSETS 1,197,727 794,891

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,197,726 794,890
1,197,727 794,891

Simicare Limited (Registered number: 05582027)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2024 and were signed by:





Baljit Gill Thind - Director


Simicare Limited (Registered number: 05582027)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Simicare 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the invoiced value of services supplied by the company.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

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 - 1% on cost
Plant and machinery etc - 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 43 ) .

Simicare Limited (Registered number: 05582027)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 695,600
AMORTISATION
At 1 May 2023 423,157
Charge for year 34,780
At 30 April 2024 457,937
NET BOOK VALUE
At 30 April 2024 237,663
At 30 April 2023 272,443

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 982,749 199,125 1,181,874
Additions 44,400 293 44,693
At 30 April 2024 1,027,149 199,418 1,226,567
DEPRECIATION
At 1 May 2023 91,858 171,982 263,840
Charge for year 10,040 5,608 15,648
At 30 April 2024 101,898 177,590 279,488
NET BOOK VALUE
At 30 April 2024 925,251 21,828 947,079
At 30 April 2023 890,891 27,143 918,034

6. FIXED ASSET INVESTMENTS

Fixed asset investment shown as per statement as on 30-04-2024.

Simicare Limited (Registered number: 05582027)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors (5,793 ) 66,486
Other debtors 882,079 681,591
876,286 748,077

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 91,698 78,604
Trade creditors 50,396 23,265
Taxation and social security 254,649 154,265
Other creditors 500,920 516,339
897,663 772,473

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 648,562 695,419

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 648,562 695,419

Simicare Limited (Registered number: 05582027)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


10. RELATED PARTY DISCLOSURES

As of 30 April 2024, the company was owed by the following companies:

1. £142,528 by The Laurels Nursing Home (Hastings) Limited ('The Laurels')
2. £380,000 by Mentmore Estates Limited ('Mentmore')
3. £7,916 by Watts Healthcare Limited ('Watts')
4. £100,000 by The Winnock Hotel (Drymen) Limited ('The Winnock')
5. £130,000 by Assura Hospitality Limited ('Assura')

The company also owed £378,242 to Jeeves Estates Ltd ('Jeeves').
Interest is charged at 2% and the loan is repayable on demand.

Mr JS Thind (Mrs BG Thind's husband) was a director of Mentmore, Watts and Jeeves as of 30 April 2024.
Mrs BG Thind was a director of The Laurels as of 30 April 2024.
Mrs BG Thind and Mr JS Thind were directors of The Winnock and Assura as of 30 April 2024.

11. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Mrs BG Thind.