GHS Care Limited is a company limited by shares incorporated in England and Wales. The registered office is Glebe Business Park, Lunts Heath Road, Widnes, Cheshire, WA8 5SQ.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The average monthly number of persons (including directors) employed by the company during the year was:
A legal charge dated 19 September 2012 over the property at Stubbins Vale Road, Ramsbottom, BL0 0NP.
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
During the year the company had the following related party transactions:
Millennium Care (U.K.) Limited
Millennium Care (U.K.) Limited holds 100% of shares in GHS Care Limited.
Expenses were paid on behalf of GHS Care Limited amounting to £1,329,077.
Included within other debtor is a balance of £2,701,459 (2023 - £1,372,382).
Langtree Care Ltd
Millennium Care (U.K.) Limited holds 100% of shares in Langtree Care Ltd.
Included within other debtors is a balance of £122,788 (2023 - £122,788).
Millennium Property Enterprises Limited
Millennium Property Enterprises Limited is a company under the common control of G Haider who is both a shareholder and a director.
Included within other debtors is a balance of £16,692 (2023 - £16,692).
Marley Court Nursing Home Limited
Marley Court Nursing Home Limited is a company under the common control of G Haider who is both a shareholder and a director.
Included within other debtors is a balance of £nil(2023 - £14,869).
Windsor House
Windsor House is a sole trader business which is owned by G Haider.
Expenses were paid on behalf of Windsor House amounting to £35,452.
Included within other debtors is a balance of £69,199 (2023 - £33,747).
Arise Millennium Construction Limited
Arise Millennium Construction Limited is a company under the common control of G Haider who is both a shareholder and a director.
Expenses were paid on behalf of Arise Millennium Construction amounting to £8,645.
Included within other debtors is a balance of £114,442 (2023 - £105,797).