Caseware UK (AP4) 2024.0.164 2024.0.164 2024-02-292024-02-29true442023-06-0144falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06382339 2023-06-01 2024-02-29 06382339 2022-06-01 2023-05-31 06382339 2024-02-29 06382339 2023-05-31 06382339 2022-06-01 06382339 5 2023-06-01 2024-02-29 06382339 6 2023-06-01 2024-02-29 06382339 d:Director1 2023-06-01 2024-02-29 06382339 e:Buildings e:LongLeaseholdAssets 2023-06-01 2024-02-29 06382339 e:Buildings e:LongLeaseholdAssets 2024-02-29 06382339 e:Buildings e:LongLeaseholdAssets 2023-05-31 06382339 e:LandBuildings 2024-02-29 06382339 e:LandBuildings 2023-05-31 06382339 e:PlantMachinery 2023-06-01 2024-02-29 06382339 e:PlantMachinery 2024-02-29 06382339 e:PlantMachinery 2023-05-31 06382339 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-06-01 2024-02-29 06382339 e:MotorVehicles 2023-06-01 2024-02-29 06382339 e:MotorVehicles 2024-02-29 06382339 e:MotorVehicles 2023-05-31 06382339 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-06-01 2024-02-29 06382339 e:FurnitureFittings 2023-06-01 2024-02-29 06382339 e:FurnitureFittings 2024-02-29 06382339 e:FurnitureFittings 2023-05-31 06382339 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-06-01 2024-02-29 06382339 e:OwnedOrFreeholdAssets 2023-06-01 2024-02-29 06382339 e:CurrentFinancialInstruments 2024-02-29 06382339 e:CurrentFinancialInstruments 2023-05-31 06382339 e:CurrentFinancialInstruments e:WithinOneYear 2024-02-29 06382339 e:CurrentFinancialInstruments e:WithinOneYear 2023-05-31 06382339 e:ShareCapital 2023-06-01 2024-02-29 06382339 e:ShareCapital 2024-02-29 06382339 e:ShareCapital 2022-06-01 2023-05-31 06382339 e:ShareCapital 2023-05-31 06382339 e:ShareCapital 2022-06-01 06382339 e:RevaluationReserve 2023-06-01 2024-02-29 06382339 e:RevaluationReserve 2024-02-29 06382339 e:RevaluationReserve 5 2023-06-01 2024-02-29 06382339 e:RevaluationReserve 6 2023-06-01 2024-02-29 06382339 e:RevaluationReserve 2023-05-31 06382339 e:RetainedEarningsAccumulatedLosses 2023-06-01 2024-02-29 06382339 e:RetainedEarningsAccumulatedLosses 2024-02-29 06382339 e:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 06382339 e:RetainedEarningsAccumulatedLosses 2023-05-31 06382339 e:RetainedEarningsAccumulatedLosses 2022-06-01 06382339 e:AcceleratedTaxDepreciationDeferredTax 2024-02-29 06382339 e:AcceleratedTaxDepreciationDeferredTax 2023-05-31 06382339 e:OtherDeferredTax 2024-02-29 06382339 e:OtherDeferredTax 2023-05-31 06382339 d:FRS102 2023-06-01 2024-02-29 06382339 d:AuditExemptWithAccountantsReport 2023-06-01 2024-02-29 06382339 d:FullAccounts 2023-06-01 2024-02-29 06382339 d:PrivateLimitedCompanyLtd 2023-06-01 2024-02-29 06382339 2 2023-06-01 2024-02-29 06382339 5 2023-06-01 2024-02-29 06382339 f:PoundSterling 2023-06-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: 06382339


HOME CARE HOME LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 29 FEBRUARY 2024




 
HOME CARE HOME LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HOME CARE HOME LIMITED
FOR THE PERIOD ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HOME CARE HOME LIMITED for the period ended 29 February 2024 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of HOME CARE HOME LIMITED, as a body, in accordance with the terms of our engagement letter dated 6 February 2025Our work has been undertaken solely to prepare for your approval the financial statements of HOME CARE HOME LIMITED and state those matters that we have agreed to state to the Board of directors of HOME CARE HOME LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HOME CARE HOME LIMITED and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that HOME CARE HOME LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HOME CARE HOME LIMITED. You consider that HOME CARE HOME LIMITED is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of HOME CARE HOME LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



CWM
 
Chartered Accountants
  
1a High Street
Epsom
Surrey
KT19 8DA
19 February 2025
Page 1

 
HOME CARE HOME LIMITED
REGISTERED NUMBER: 06382339

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
31 May
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,394,232
1,109,664

  
2,394,232
1,109,664

Current assets
  

Debtors: amounts falling due within one year
 5 
15,493
70,521

Cash at bank and in hand
 6 
54,736
550,356

  
70,229
620,877

Creditors: amounts falling due within one year
 7 
(801,682)
(1,363,884)

Net current liabilities
  
 
 
(731,453)
 
 
(743,007)

Total assets less current liabilities
  
1,662,779
366,657

Provisions for liabilities
  

Deferred tax
 8 
(304,429)
(2,135)

  
 
 
(304,429)
 
 
(2,135)

Net assets
  
1,358,350
364,522


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
805,113
-

Profit and loss account
  
553,137
364,422

  
1,358,350
364,522


Page 2

 
HOME CARE HOME LIMITED
REGISTERED NUMBER: 06382339
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 19 February 2025.







S K Konkumalla
Director

The notes on pages 6 to 12 form part of these financial statements.

Page 3

 
HOME CARE HOME LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 29 FEBRUARY 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 June 2023
100
-
364,422
364,522


Comprehensive income for the period

Profit for the period

-
-
111,073
111,073

Surplus on revaluation of freehold property
-
805,113
-
805,113

Surplus on revaluation of leasehold property
-
-
77,642
77,642


Other comprehensive income for the period
-
805,113
77,642
882,755


Total comprehensive income for the period
-
805,113
188,715
993,828


Total transactions with owners
-
-
-
-


At 29 February 2024
100
805,113
553,137
1,358,350


The notes on pages 6 to 12 form part of these financial statements.

Page 4

 
HOME CARE HOME LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 June 2022
100
191,858
191,958


Comprehensive income for the year

Profit for the year

-
322,564
322,564


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
322,564
322,564


Contributions by and distributions to owners

Dividends: Equity capital
-
(150,000)
(150,000)


Total transactions with owners
-
(150,000)
(150,000)


At 31 May 2023
100
364,422
364,522


The notes on pages 6 to 12 form part of these financial statements.

Page 5

 
HOME CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.Accounting policies

 
1.1

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

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

Page 6

 
HOME CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.Accounting policies (continued)

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
1.6

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.

 
1.7

Current and deferred taxation

The tax expense for the period 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 7

 
HOME CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.Accounting policies (continued)

 
1.8

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as detailed below.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2%
straight line
Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
reducing balance basis
Fixtures and fittings
-
25%
straight line

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.

 
1.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
1.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.11

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 8

 
HOME CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.Accounting policies (continued)

 
1.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.13

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.

 
1.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

The company is a private limited company incorporated in England and Wales. Its registered office is situated at Orchard House, 35 Hallmead Road, Sutton, Surrey SM1 1RD..


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2024
        2023
            No.
            No.







Directors
2
2



Other
42
42

44
44

Page 9

 
HOME CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
1,176,516
54,595
17,000
153,663
1,401,774


Additions
-
1,373
139,231
-
140,604


Revaluations
1,073,484
-
-
-
1,073,484



At 29 February 2024

2,250,000
55,968
156,231
153,663
2,615,862



Depreciation


At 1 June 2023
77,642
52,789
17,000
144,679
292,110


Charge for the period on owned assets
-
1,339
2,900
2,923
7,162


On revalued assets
(77,642)
-
-
-
(77,642)



At 29 February 2024

-
54,128
19,900
147,602
221,630



Net book value



At 29 February 2024
2,250,000
1,840
136,331
6,061
2,394,232



At 31 May 2023
1,098,874
1,806
-
8,984
1,109,664




The net book value of land and buildings may be further analysed as follows:


29 February
31 May
2024
2023
£
£

Long leasehold
2,250,000
1,098,874

2,250,000
1,098,874


Page 10

 
HOME CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024
Cost or valuation at 29 February 2024 is as follows:

Land and buildings
£


At cost
1,176,516
At valuation:

Enter date & basis
1,073,484



2,250,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

29 February
31 May
2024
2023
£
£



Cost
1,176,516
1,176,516

Accumulated depreciation
95,957
77,642

Net book value
1,272,473
1,254,158


5.


Debtors

29 February
31 May
2024
2023
£
£


Trade debtors
15,293
68,685

Other debtors
200
1,836

15,493
70,521



6.


Cash and cash equivalents

29 February
31 May
2024
2023
£
£

Cash at bank and in hand
54,736
550,356

54,736
550,356


Page 11

 
HOME CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
31 May
2024
2023
£
£

Bank loans
2,378
-

Trade creditors
39,870
61,898

Amounts owed to group undertakings
715,455
1,127,466

Corporation tax
2,710
85,588

Other taxation and social security
1,867
17,727

Other creditors
7,815
65,572

Accruals and deferred income
31,587
5,633

801,682
1,363,884



8.


Deferred taxation






2024


£






At beginning of year
(2,135)


Charged to profit or loss
(302,294)



At end of year
(304,429)

The provision for deferred taxation is made up as follows:

29 February
31 May
2024
2023
£
£


Accelerated capital allowances
(36,058)
(2,135)

Deferred tax on revaluation of property
(268,371)
-

(304,429)
(2,135)


9.


Controlling party

The company is controlled by Mr S K Konkumalla.

 
Page 12