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REGISTERED NUMBER: 14499320 (England and Wales)















MULBERRY CARE HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024






MULBERRY CARE HOMES LIMITED (REGISTERED NUMBER: 14499320)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MULBERRY CARE HOMES LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTOR: P S Banwait





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 14499320 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

MULBERRY CARE HOMES LIMITED (REGISTERED NUMBER: 14499320)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 5 5

CURRENT ASSETS
Debtors 5 2,963,521 -
Cash at bank and in hand 404,315 2
3,367,836 2
CREDITORS
Amounts falling due within one year 6 (551,040 ) (2 )
NET CURRENT ASSETS 2,816,796 -
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,816,801

5

CREDITORS
Amounts falling due after more than one
year

7

(2,814,922

)

-
NET ASSETS 1,879 5

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 1,874 -
1,879 5

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MULBERRY CARE HOMES LIMITED (REGISTERED NUMBER: 14499320)

BALANCE SHEET - continued
31 October 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 March 2025 and were signed by:





P S Banwait - Director


MULBERRY CARE HOMES LIMITED (REGISTERED NUMBER: 14499320)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024


1. STATUTORY INFORMATION

Mulberry Care Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Mulberry Care Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors, bank loans, accruals and amounts owed to group undertakings, are initially recognised at transaction price.

Debt instruments are subsequently measured at amortised cost using the effective interest method.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

MULBERRY CARE HOMES LIMITED (REGISTERED NUMBER: 14499320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 5
NET BOOK VALUE
At 31 October 2024 5
At 31 October 2023 5

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 2,902,681 -
Other debtors 60,840 -
2,963,521 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,322 -
Amounts owed to group undertakings 479,716 -
Taxation and social security 440 -
Other creditors 29,562 2
551,040 2

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,814,922 -

MULBERRY CARE HOMES LIMITED (REGISTERED NUMBER: 14499320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,853,100 -

The bank loan is secured by several guarantees and charges. A personal guarantee of £250,000, plus interest and any applicable charges, is provided by the director.

The loan is also secured by guarantees from Astley Grange Care Home Ltd, White Rose House Care Home Ltd, and Southfield Court Care Home Ltd, each for £2,900,000, plus interest and any applicable charges.

In addition, the loan is secured by a fixed and floating charge over all assets, business undertakings, and rights of Astley Grange Care Home Ltd, White Rose House Care Home Ltd, and Southfield Court Care Home Ltd. The loan is further secured by a fixed charge over the properties held by these entities.

9. RELATED PARTY DISCLOSURES

Included within debtors is an amount of £1,291,001 owed from White Rose House Care Home Ltd, and £1,611,680 owed from Southfield Court Care Home Ltd.

Included within creditors is an amount of £479,716 owed to Astley Grange Care Home Ltd.

These companies are fully owned subsidiaries of Mulberry Care Homes Ltd. The loans are interest-free and are repayable on demand.