Registered number
14014937
Forevercare Group Limited
Report and Financial Statements
30 April 2024
Forevercare Group Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Strategic report 3
Independent auditor's report 4
Consolidated Income statement 7
Consolidtaed Statement of Comprehensive income 8
Consolidated Statement of financial position 9
Company Statement of financial position 10
Consolidated and Compnay Statement of changes in equity 11
Consolidated Statement of cash flows 12
Notes to the financial statements 13
Forevercare Group Limited
Company Information
Directors
N Rodgers
F Rodgers (resigned on 21st August 2024)
K Rodgers (resigned on 21st August 2024)
R N McCone
Auditors
Bell Anderson Limited
264-266 Durham Road
Gateshead
Tyne & Wear
NE8 4JR
Registered office
Hallgate House
9 Grange Terrace
Sunderland
Tyne & Wear
SR2 7DF
Registered number
14014937
Forevercare Group Limited
Registered number: 14014937
Directors' Report
The directors present their report and financial statements for the year ended 30 April 2024.
Principal activities
The group's principal activity during the year continued to be the care and development of young persons and the provision of related accomodation.
Future developments
The group continues to develop the services offered through its residential and supported accomodation for young people and continues to expand its housing portfolio
Directors
The following persons served as directors during the year:
N Rodgers
F Rodgers (resigned on 21st August 2024)
K Rodgers (resigned on 21st August 2024)
R N McCone
Directors' responsibilities
The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group's and company's transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the board on 30 January 2025 and signed on its behalf.
N Rodgers
Director
Forevercare Group Limited
Strategic Report
Review of business
Key financial and other indicators between this financial year and last year are as follows:
2024 2023
£ £
Turnover 8,999,710 7,617,857
Gross profit 8,094,223 6,689,998
Net profit before taxation 1,953,676 1,764,913
Shareholders' funds 3,989,760 2,668,905
The company continues to own and operate children's care homes and has continued to grow in the year to 30 April 2024. The directors and management have continued to focus on operational performance and have seen an increase in turnover and profit as a result of increased activity in both the residential and supported living sectors. The company has also continued to develop its portfolio by offering services in the North West of England

The directors consider that the financial performance has been robust given the continued challenges faced by the care sector. The balance sheet remain strong and the financial position remains strong with Net Shareholder's Funds approaching £4million. Cash balances remain healthy.

The company will develop supporting, administration and systems in all aspects of the business including the care of the young people to help make the company more efficient.
Principal risks and uncertainties
As with any business, the company faces a variety of risks and uncertainties in the normal course of its activities, but it aims to minimise any possible adverse effects on operations through the effective implementation of risk management procedures. These procedures seek to identify any potential risk to the company's business activities and on an on-going basis monitor such risk and the possible impact on the company's well-being.

The principal risks and uncertainties that the company faces and which management believes could have a material and adverse impact on operations include the following:
Financial risks
The company maintains credit control procedures aimed at mitigating financial risks. The maintenance of sufficient levels of cash liquidity and working capital are essential to the success of any business. As required, the company has agreed banking facilities available to it which are deemed to be more than adequate to meet both its short and longer term requirements
Interest rate risks
The company has a bank loan facility which carries variable interest 'rates at a fixed margin above prime and will continue to monitor the financial market and increasing base rates.
Liquidity risks
The company reduces its liquidity risk by virtue of the availability of its banking arrangements.
This report was approved by the board on 30 January 2025 and signed on its behalf.
N Rodgers
Director
Forevercare Group Limited
Independent auditor's report
to the members of Forevercare Group Limited
Opinion
We have audited the financial statements of Forevercare Group Limited (the 'parent company') and its subsidiaries (the group)for the year ended 30 April 2024 which comprise the Consolidated Income Statement, the Consolidated Statement of Comprehensive Income, the Consolidated and Company Statement of Financial Position, the Consolidated Statement of Changes in Equity, the Consolidated Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of group and the the company's affairs as at 30 April 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's or the group's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the company and the group and the industry in which it operates through discussions with the directors and other management (as required by auditing standards) and considered the risk of acts by the company and group that were contrary to applicable laws and regulations, including fraud. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. As a consequence of these inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

We did not identify any key audit matters relating to irregularities, including fraud. In common with all audits under ISA's (UK), we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Other matter
The financial statements for the year ended 30 April 2023, forming the corresponding figures of the financial statements for the year ended 30 April 2024, are unaudited as the directors' claimed exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 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.
Michael Anderson BA, FCA
(Senior Statutory Auditor) 264-266 Durham Road
for and on behalf of Gateshead
Bell Anderson Limited
Statutory Auditor Tyne & Wear
30 January 2025 NE8 4JR
Forevercare Group Limited
Consolidated Income Statement
for the year ended 30 April 2024
Notes 2024 2023
£ £
Turnover 3 8,999,710 7,617,857
Cost of sales (905,487) (927,859)
Gross profit 8,094,223 6,689,998
Administrative expenses (5,858,821) (4,719,297)
Other operating income 20,090 6,868
Operating profit 4 2,255,492 1,977,569
Interest receivable 7,026 -
Interest payable 7 (308,842) (212,656)
Profit on ordinary activities before taxation 1,953,676 1,764,913
Tax on profit on ordinary activities 8 (482,821) (357,574)
Profit for the financial year 1,470,855 1,407,339
Forevercare Group Limited
Consolidated Statement of Comprehensive Income
for the year ended 30 April 2024
Notes 2024 2023
£ £
Profit for the financial year 1,470,855 1,407,339
Other comprehensive income
Total comprehensive income for the year 1,470,855 1,407,339
Forevercare Group Limited
Consolidated Statement of Financial Position
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 9 5,179,211 3,770,628
Current assets
Debtors 11 1,949,194 1,379,724
Cash at bank and in hand 1,431,428 1,262,017
3,380,622 2,641,741
Creditors: amounts falling due within one year 12 (1,756,475) (1,960,782)
Net current assets 1,624,147 680,959
Total assets less current liabilities 6,803,358 4,451,587
Creditors: amounts falling due after more than one year 13 (2,739,466) (1,707,743)
Provisions for liabilities
Deferred taxation 16 (74,132) (74,939)
Net assets 3,989,760 2,668,905
Capital and reserves
Called up share capital 17 100 100
Profit and loss account 18 3,989,660 2,668,805
Total equity 3,989,760 2,668,905
N Rodgers
Director
Approved by the board on 30 January 2025
Forevercare Group Limited
Statement of Financial Position
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Investments 10 100 100
Net current assets
Net assets 100 100
Capital and reserves
Called up share capital 17 100 100
Total equity 100 100
N Rodgers
Director
Approved by the board on 30 January 2025
The Company is not publishing a separate income statement as permitted by s408 of the Companies Act 2006. The profit for the year was £nil (2023:£nil)
Forevercare Group Limited
Consolidated Statement of Changes in Equity
for the year ended 30 April 2024
Share Profit Total
capital and loss
account
£ £ £
At 1 May 2022 100 1,461,466 1,461,566
Profit for the financial year 1,407,339 1,407,339
Dividends (200,000) (200,000)
At 30 April 2023 100 2,668,805 2,668,905
At 1 May 2023 100 2,668,805 2,668,905
Profit for the financial year 1,470,855 1,470,855
Dividends (150,000) (150,000)
At 30 April 2024 100 3,989,660 3,989,760
Forevercare Group Limited
Statement of Cash Flows
for the year ended 30 April 2024
Notes 2024 2023
£ £
Operating activities
Profit for the financial year 1,470,855 1,407,339
Adjustments for:
Interest receivable (7,026) -
Interest payable 308,842 212,656
Tax on profit on ordinary activities 482,821 357,574
Depreciation 48,352 48,000
Increase in debtors (569,470) (672,900)
(Decrease)/increase in creditors (90,855) 52,384
1,643,519 1,405,053
Interest received 7,026 -
Interest paid (300,572) (204,386)
Interest element of finance lease payments (8,270) (8,270)
Corporation tax paid (569,220) (26,697)
Cash generated by operating activities 772,483 1,165,700
Investing activities
Payments to acquire tangible fixed assets (1,479,327) (1,006,290)
Proceeds from sale of tangible fixed assets 22,392 -
Cash used in investing activities (1,456,935) (1,006,290)
Financing activities
Equity dividends paid (150,000) (200,000)
Repayment of loans 1,026,255 471,416
Capital element of finance lease payments (22,392) -
Cash generated by financing activities 853,863 271,416
Net cash generated
Cash generated by operating activities 772,483 1,165,700
Cash used in investing activities (1,456,935) (1,006,290)
Cash generated by financing activities 853,863 271,416
Net cash generated 169,411 430,826
Cash and cash equivalents at 1 May 1,262,017 831,191
Cash and cash equivalents at 30 April 1,431,428 1,262,017
Cash and cash equivalents comprise:
Cash at bank 1,431,428 1,262,017
Forevercare Group Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Summary of significant accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue received from the rendering of services. Turnover from the rendering of services is recognised by reference to delivery of those services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Motor Vehicles over 5 years reducing balance
Fixtures, fittings, tools and equipment 10% to 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Critical accounting estimates and judgements
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and 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 where the revision affects only that period, or in the period of the revision and future periods where the revision effects both current and future periods.
3 Analysis of turnover 2024 2023
£ £
Sale of services 8,999,710 7,617,857
By geographical market:
UK 8,999,710 7,617,857
4 Operating profit 2024 2023
£ £
This is stated after charging:
Depreciation of owned fixed assets 48,352 48,000
Operating lease rentals - land and buildings 64,874 58,331
Auditors' remuneration for audit services 7,000 -
5 Directors' emoluments 2024 2023
£ £
Emoluments 24,570 24,000
Company contributions to defined contribution pension plans 38,950 -
63,520 24,000
Number of directors to whom retirement benefits accrued: 2024 2023
Number Number
Defined contribution plans 1 -
6 Staff costs 2024 2023
£ £
Wages and salaries 3,978,898 3,228,252
Social security costs 334,441 276,191
Other pension costs 148,914 166,237
4,462,253 3,670,680
Average number of employees during the year Number Number
Administration 10 10
Care Staff 173 130
183 140
7 Interest payable 2024 2023
£ £
Bank loans and overdrafts 151,058 61,808
Other loans 149,514 142,578
Finance charges payable under finance leases and hire purchase contracts 8,270 8,270
308,842 212,656
8 Taxation 2024 2023
£ £
Analysis of charge in period
Current tax:
UK corporation tax on profits of the period 483,628 349,600
Deferred tax:
Origination and reversal of timing differences (807) 7,974
Tax on profit on ordinary activities 482,821 357,574
Factors affecting tax charge for period
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
2024 2023
£ £
Profit on ordinary activities before tax 1,953,676 1,764,913
Standard rate of corporation tax in the UK 25% 19%
£ £
Profit on ordinary activities multiplied by the standard rate of corporation tax 488,419 335,333
Effects of:
Expenses not deductible for tax purposes 14,370 (11,295)
Capital allowances for period in excess of depreciation (19,161) 25,562
Deferred tax (807) 7,974
Current tax charge for period 482,821 357,574
Factors that may affect future tax charges
None
9 Tangible fixed assets
The Group Land and buildings Plant and machinery Fixtures, fittings, tools and equipment Total
At cost At cost At cost
£ £ £ £
Cost or valuation
At 1 May 2023 3,433,981 140,635 458,940 4,033,556
Additions 1,415,982 12,679 50,666 1,479,327
Disposals - (38,500) - (38,500)
At 30 April 2024 4,849,963 114,814 509,606 5,474,383
Depreciation
At 1 May 2023 32,571 58,578 171,779 262,928
Charge for the year - 12,000 36,352 48,352
On disposals - (16,108) - (16,108)
At 30 April 2024 32,571 54,470 208,131 295,172
Carrying amount
At 30 April 2024 4,817,392 60,344 301,475 5,179,211
At 30 April 2023 3,401,410 82,057 287,161 3,770,628
10 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 May 2023 100
At 30 April 2024 100
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
HMO (NE) Limited Ordinary 100 3,989,760 1,470,855
Forevercare North East Limited Ordinary 100 - -
11 Debtors 2024 2023
£ £
The Group
Trade debtors 899,615 757,189
Other debtors 1,041,258 622,535
Prepayments and accrued income 8,321 -
1,949,194 1,379,724
12 Creditors: amounts falling due within one year 2024 2023
£ £
The Group
Bank loans 148,032 166,800
Obligations under finance lease and hire purchase contracts - 9,092
Trade creditors 32,097 44,889
Corporation tax 262,497 348,089
Other taxes and social security costs 76,965 77,870
Other creditors 889,261 1,143,186
Accruals and deferred income 347,623 170,856
1,756,475 1,960,782
13 Creditors: amounts falling due after one year 2024 2023
£ £
The Group
Bank loans 2,739,466 1,694,443
Obligations under finance lease and hire purchase contracts - 13,300
2,739,466 1,707,743
14 Loans 2024 2023
The Group £ £
Loans not wholly repayable within five years:
Loan 1 (the loan is repayable over 10 years at 2.5% above base rate) 2,791,600 1,708,742
Analysis of maturity of debt:
Within one year or on demand 148,032 166,800
Between one and two years 100,032 118,000
Between two and five years 300,096 354,000
After five years 2,291,440 1,118,742
2,839,600 1,757,542
The bank loans are secured on the properties of the company
15 Obligations under finance leases and hire purchase 2024 2023
contracts £ £
Amounts payable:
Within one year - 9,092
Within two to five years - 13,300
- 22,392
16 Deferred taxation 2024 2023
£ £
The Group
Accelerated capital allowances 74,132 74,939
2024 2023
£ £
At 1 May 74,939 66,965
(Credited)/charged to the profit and loss account (807) 7,974
At 30 April 74,132 74,939
17 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
18 Profit and loss account 2024 2023
£ £
At 1 May 2,668,805 1,461,466
Profit for the financial year 1,470,855 1,407,339
Dividends (150,000) (200,000)
At 30 April 3,989,660 2,668,805
19 Dividends 2024 2023
£ £
Dividends on ordinary shares (note 18) 150,000 200,000
20 Other financial commitments
Total future minimum lease payments under non-cancellable operating leases:
Land and buildings Land and buildings Other Other
2024 2023 2024 2023
£ £ £ £
Falling due:
within two to five years 194,622 174,993 - -
21 Related party transactions
Included in other debtors is an amount owed by Boyd Industries Limited a company under common control, Mr N Rodgers. The balance owed at the year end was £900,603. This was the advancement of working capital to refurbish and develop properties for the future benefit of the company.
22 Controlling party
The ultimate controlling party is Mr N Rodgers
23 Presentation currency
The financial statements are presented in Sterling.
24 Legal form of entity and country of incorporation
Forevercare Group Limited is a private company limited by shares and incorporated in England.
25 Principal place of business
The address of the company's principal place of business and registered office is:
Hallgate House
9 Grange Terrace
Sunderland
Tyne & Wear
SR2 7DF
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