Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true2023-07-01falseNo description of principal activity4755falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11213892 2023-07-01 2024-06-30 11213892 2022-07-01 2023-06-30 11213892 2024-06-30 11213892 2023-06-30 11213892 c:Director1 2023-07-01 2024-06-30 11213892 d:PlantMachinery 2023-07-01 2024-06-30 11213892 d:PlantMachinery 2024-06-30 11213892 d:PlantMachinery 2023-06-30 11213892 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11213892 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 11213892 d:MotorVehicles 2023-07-01 2024-06-30 11213892 d:MotorVehicles 2024-06-30 11213892 d:MotorVehicles 2023-06-30 11213892 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11213892 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 11213892 d:FurnitureFittings 2023-07-01 2024-06-30 11213892 d:FurnitureFittings 2024-06-30 11213892 d:FurnitureFittings 2023-06-30 11213892 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11213892 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 11213892 d:OfficeEquipment 2023-07-01 2024-06-30 11213892 d:OfficeEquipment 2024-06-30 11213892 d:OfficeEquipment 2023-06-30 11213892 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11213892 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 11213892 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11213892 d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 11213892 d:Goodwill 2023-07-01 2024-06-30 11213892 d:Goodwill 2024-06-30 11213892 d:Goodwill 2023-06-30 11213892 d:CurrentFinancialInstruments 2024-06-30 11213892 d:CurrentFinancialInstruments 2023-06-30 11213892 d:Non-currentFinancialInstruments 2024-06-30 11213892 d:Non-currentFinancialInstruments 2023-06-30 11213892 d:Non-currentFinancialInstruments 1 2024-06-30 11213892 d:Non-currentFinancialInstruments 1 2023-06-30 11213892 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11213892 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11213892 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 11213892 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11213892 d:ShareCapital 2024-06-30 11213892 d:ShareCapital 2023-06-30 11213892 d:RetainedEarningsAccumulatedLosses 2024-06-30 11213892 d:RetainedEarningsAccumulatedLosses 2023-06-30 11213892 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-06-30 11213892 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 11213892 c:FRS102 2023-07-01 2024-06-30 11213892 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11213892 c:FullAccounts 2023-07-01 2024-06-30 11213892 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11213892 2 2023-07-01 2024-06-30 11213892 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-30 11213892 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 11213892 d:LeasedAssetsHeldAsLessee 2024-06-30 11213892 d:LeasedAssetsHeldAsLessee 2023-06-30 11213892 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 11213892 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 11213892









CAMANCHI CARE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CAMANCHI CARE LIMITED
REGISTERED NUMBER: 11213892

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
561,819
702,273

Tangible assets
 5 
62,048
21,184

  
623,867
723,457

Current assets
  

Debtors: amounts falling due within one year
 6 
105,632
42,113

Cash at bank and in hand
 7 
1,277,782
1,137,814

  
1,383,414
1,179,927

Creditors: amounts falling due within one year
 8 
(943,793)
(1,014,104)

Net current assets
  
 
 
439,621
 
 
165,823

Total assets less current liabilities
  
1,063,488
889,280

Creditors: amounts falling due after more than one year
 9 
(337,175)
(309,303)

Provisions for liabilities
  

Deferred tax
  
(5,296)
(5,296)

  
 
 
(5,296)
 
 
(5,296)

Net assets
  
721,017
574,681

Page 1

 
CAMANCHI CARE LIMITED
REGISTERED NUMBER: 11213892
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
720,917
574,581

  
721,017
574,681


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 year 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 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 11 December 2024.




M R Ashiq
Director

Page 2

 
CAMANCHI CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Camanchi Care Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 11213892. The address of the registered office is Haslers, Old Station Road, Loughton, Essex, United Kingdom, IG10 4PL. The principal activity continued to be that of a residential care home for the eldery and disabled.

2.Accounting policies

 
2.1

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.

 
2.2

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:

 
2.3

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:

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.

 
2.4

Interest income

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

Page 3

 
CAMANCHI CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.


 
2.7

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 acquiree 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.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
CAMANCHI CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% Straight Line Method
Motor vehicles
-
25% Straight Line Method
Fixtures and fittings
-
25% Straight Line Method
Office equipment
-
33.33% Straight Line Method

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
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.

Page 5

 
CAMANCHI CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.13

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is
Page 6

 
CAMANCHI CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)

due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.14

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.

Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 47 (2023 - 55).

Page 7

 
CAMANCHI CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
1,404,549



At 30 June 2024

1,404,549



Amortisation


At 1 July 2023
702,275


Charge for the year on owned assets
140,454



At 30 June 2024

842,729



Net book value



At 30 June 2024
561,820



At 30 June 2023
702,274



Page 8

 
CAMANCHI CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
150,000
40,840
53,002
2,515
246,357


Additions
-
44,760
15,294
2,170
62,224


Disposals
-
(40,840)
-
-
(40,840)



At 30 June 2024

150,000
44,760
68,296
4,685
267,741



Depreciation


At 1 July 2023
150,000
38,288
34,841
2,044
225,173


Charge for the year on owned assets
-
-
8,840
643
9,483


Charge for the year on financed assets
-
9,325
-
-
9,325


Disposals
-
(38,288)
-
-
(38,288)



At 30 June 2024

150,000
9,325
43,681
2,687
205,693



Net book value



At 30 June 2024
-
35,435
24,615
1,998
62,048



At 30 June 2023
-
2,552
18,161
471
21,184

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
35,435
2,552

35,435
2,552

Page 9

 
CAMANCHI CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
64,116
39,039

Other debtors
28,913
-

Prepayments and accrued income
12,603
3,074

105,632
42,113



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,277,782
1,137,814

1,277,782
1,137,814



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
104,009
81,333

Other taxation and social security
307
15,955

Obligations under finance lease and hire purchase contracts
6,793
17,480

Other creditors
742,647
828,641

Accruals and deferred income
90,037
70,695

943,793
1,014,104



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
27,872
-

Share capital treated as debt
309,303
309,303

337,175
309,303


Page 10

 
CAMANCHI CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,277,782
1,137,814




Financial assets measured at fair value through profit or loss comprise...


11.


Related party transactions

Information about related party transactions and outstanding balances is outlined below:


2024
2023
£
£

Key Management Personnel
(2,735)
(2,735)
Parent company undertaking
(735,677)
(811,087)
Amount owed by group undertaking
874
-
(737,538)
(813,822)


12.


Controlling party

The ultimate controlling party is Camanchi Holdings Limited by virtue of its 100% holding of the issued share capital.

Page 11