Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The principal activity of the company during the year was that of nursing and residential homes for the elderly.truetrue2023-05-01false8069false 07144614 2023-05-01 2024-04-30 07144614 2022-05-01 2023-04-30 07144614 2024-04-30 07144614 2023-04-30 07144614 c:Director1 2023-05-01 2024-04-30 07144614 c:RegisteredOffice 2023-05-01 2024-04-30 07144614 d:Buildings 2023-05-01 2024-04-30 07144614 d:Buildings 2024-04-30 07144614 d:Buildings 2023-04-30 07144614 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07144614 d:MotorVehicles 2023-05-01 2024-04-30 07144614 d:MotorVehicles 2024-04-30 07144614 d:MotorVehicles 2023-04-30 07144614 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07144614 d:OfficeEquipment 2023-05-01 2024-04-30 07144614 d:OfficeEquipment 2024-04-30 07144614 d:OfficeEquipment 2023-04-30 07144614 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07144614 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07144614 d:Goodwill 2024-04-30 07144614 d:Goodwill 2023-04-30 07144614 d:CurrentFinancialInstruments 2024-04-30 07144614 d:CurrentFinancialInstruments 2023-04-30 07144614 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07144614 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07144614 d:ShareCapital 2024-04-30 07144614 d:ShareCapital 2023-04-30 07144614 d:RetainedEarningsAccumulatedLosses 2024-04-30 07144614 d:RetainedEarningsAccumulatedLosses 2023-04-30 07144614 c:FRS102 2023-05-01 2024-04-30 07144614 c:Audited 2023-05-01 2024-04-30 07144614 c:FullAccounts 2023-05-01 2024-04-30 07144614 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07144614 c:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07144614 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 07144614 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07144614 2 2023-05-01 2024-04-30 07144614 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 07144614 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 07144614







MH HANTS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024






















TWP Accounting LLP
Chartered Accountants & Statutory Auditors
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE

 
MH HANTS LIMITED
 

COMPANY INFORMATION


Director
Z Denning 




Registered number
07144614



Registered office
The Old Rectory
Church Street

Weybridge

Surrey

KT13 8DE




Independent auditor
TWP Accounting LLP
Chartered Accountants & Statutory Auditors

The Old Rectory

Church Street

Surrey

KT13 8DE





 
MH HANTS LIMITED
REGISTERED NUMBER: 07144614

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
-
51,822

Tangible assets
 6 
2,284,385
2,240,224

  
2,284,385
2,292,046

Current assets
  

Debtors: amounts falling due within one year
 7 
2,514,921
2,685,917

Cash at bank and in hand
 8 
146,500
353

  
2,661,421
2,686,270

Creditors: amounts falling due within one year
 9 
(2,246,307)
(2,482,794)

Net current assets
  
 
 
415,114
 
 
203,476

Total assets less current liabilities
  
2,699,499
2,495,522

Provisions for liabilities
  

Deferred tax
 10 
(50,086)
(32,884)

  
 
 
(50,086)
 
 
(32,884)

Net assets
  
2,649,413
2,462,638


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
2,649,412
2,462,637

  
2,649,413
2,462,638


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 January 2025.



................................................
Z Denning
Director

The notes on pages 2 to 9 form part of these financial statements.

Page 1

 
MH HANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

MH Hants Limited is a private company limited by shares, incorporated in England and Wales. The principal activity of the company is operating a nursing and residential home for the elderly. The registered office address is given in the company information page of these financial statements.
The company's principal place of business is:
Maple House
23 Manor Road
Aldershot
Hampshire
GU11 3DG
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of residential care home services supplied during the year, exclusive of Value Added Tax and trade discounts. 

 
2.3

Intangible assets - Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquire at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life. There are no indicators of impairment, with the company continuing to achieve good underlying profit and cash flows.
Amortisation is provided at the following rates:
Goodwill                               -         10 years straight line
The company's director will undertake impairment reviews on an annual basis, or more frequently if there is an indication that the carrying value may be impaired.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated.

Page 2

 
MH HANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Motor vehicles
-
15%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Consolidated Statement of Comprehensive Income in the same period as the related expenditure.

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
MH HANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
MH HANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.


4.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Care home staff
80
69


5.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
675,000



At 30 April 2024

675,000



Amortisation


At 1 May 2023
623,178


Charge for the year on owned assets
51,822



At 30 April 2024

675,000



Net book value



At 30 April 2024
-



At 30 April 2023
51,822



Page 5

 
MH HANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Tangible fixed assets





Freehold property
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
2,195,000
23,945
218,490
2,437,435


Additions
-
-
103,834
103,834


Disposals
-
-
(33,446)
(33,446)



At 30 April 2024

2,195,000
23,945
288,878
2,507,823



Depreciation


At 1 May 2023
68,700
6,645
121,866
197,211


Charge for the year on owned assets
22,900
2,595
29,670
55,165


Disposals
-
-
(28,938)
(28,938)



At 30 April 2024

91,600
9,240
122,598
223,438



Net book value



At 30 April 2024
2,103,400
14,705
166,280
2,284,385



At 30 April 2023
2,126,300
17,300
96,624
2,240,224

Page 6

 
MH HANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors

2024
2023
£
£


Trade debtors
119,022
51,280

Other debtors
2,387,630
2,627,630

Prepayments and accrued income
8,269
7,007

2,514,921
2,685,917



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
146,500
353

146,500
353



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
86,400
54,414

Amounts owed to group undertakings
1,800,344
2,059,235

Other taxation and social security
126,558
210,384

Other creditors
65,108
51,882

Accruals and deferred income
167,897
106,879

2,246,307
2,482,794


Page 7

 
MH HANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Deferred taxation




2024


£






At beginning of year
(32,884)


Charged to profit or loss
(17,202)



At end of year
(50,086)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(50,086)
(32,884)

(50,086)
(32,884)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £38,343 (2023 - £30,362). Contributions totalling £8,354 (2023 - £6,710) were payable to the fund at the balance sheet date.


12.


Related party transactions

The company is a wholly owned subsidiary and accordingly has taken the exemptions provided within paragraph 33.1A of FRS 102 and therefore transactions with group companies have not been disclosed.
An amount of £2,387,630 has been loaned to ZYD Care Ltd, a connected company. The loan is free from interest and repayable on demand.  At the balance sheet date, the balance due from ZYD Care Ltd is £2,387,630.
The company has an annual operating lease commitment at fair market rate of £240,000, for land and buildings on a rolling agreement basis with ZYD Care Ltd, a connected company.

Page 8

 
MH HANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

13.


Controlling party

The parent undertaking is Jasmine Care Holdings Limited, a company incorporated in England and Wales. The ultimate parent undertaking is Jasmine Care Group Limited, a company incorporated in England and Wales. Jasmine Care Group Limited is the parent of the largest group in which the Company is consolidated. Copies of the accounts of Jasmine Care Group Limited are available at the parent company's registered office address The Old Rectory, Church Street, Weybridge, Surrey, England, KT13 8DE. 
The ultimate controlling party at the balance sheet date is Qubic Trustees Ltd in its capacity as trustee of The Jasmine Care Holdings Limited Trust (the Trust) by virtue of its majority shareholding of the Group’s ultimate parent undertaking.
Qubic Trustees Ltd is registered in England and Wales and its registered office is St Ann's Quay, 118 Quayside, Newcastle Upon Tyne, United Kingdom, NE1 3BD.
The ultimate controlling party changed on 17 May 2024, after which date the ultimate controlling party undertaking is Alpine Skin Clinic SA, a company incorporated in Switzerland.


14.


Auditor's information

The auditor's report on the financial statements for the year ended 30 April 2024 was unqualified.

The audit report was signed on 29 January 2025 by Philip Munk FCA FCCA (Senior Statutory Auditor) on behalf of TWP Accounting LLP.

This report is made solely to the company’s members, as a body, in accordance with Sections 495 and 496 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed


Page 9