Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30falsetrue672023-10-01falseRunning a care home67true 07357472 2023-10-01 2024-09-30 07357472 2022-10-01 2023-09-30 07357472 2024-09-30 07357472 2023-09-30 07357472 2022-10-01 07357472 1 2023-10-01 2024-09-30 07357472 d:Director1 2023-10-01 2024-09-30 07357472 c:Buildings c:ShortLeaseholdAssets 2023-10-01 2024-09-30 07357472 c:Buildings c:ShortLeaseholdAssets 2024-09-30 07357472 c:Buildings c:ShortLeaseholdAssets 2023-09-30 07357472 c:FurnitureFittings 2023-10-01 2024-09-30 07357472 c:FurnitureFittings 2024-09-30 07357472 c:FurnitureFittings 2023-09-30 07357472 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07357472 c:ComputerEquipment 2023-10-01 2024-09-30 07357472 c:ComputerEquipment 2024-09-30 07357472 c:ComputerEquipment 2023-09-30 07357472 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07357472 c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07357472 c:CurrentFinancialInstruments 2024-09-30 07357472 c:CurrentFinancialInstruments 2023-09-30 07357472 c:Non-currentFinancialInstruments 2024-09-30 07357472 c:Non-currentFinancialInstruments 2023-09-30 07357472 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 07357472 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 07357472 c:Non-currentFinancialInstruments c:AfterOneYear 2024-09-30 07357472 c:Non-currentFinancialInstruments c:AfterOneYear 2023-09-30 07357472 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-09-30 07357472 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-09-30 07357472 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-09-30 07357472 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-09-30 07357472 c:ShareCapital 2024-09-30 07357472 c:ShareCapital 2023-09-30 07357472 c:ShareCapital 2022-10-01 07357472 c:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 07357472 c:RetainedEarningsAccumulatedLosses 2024-09-30 07357472 c:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 07357472 c:RetainedEarningsAccumulatedLosses 2023-09-30 07357472 c:RetainedEarningsAccumulatedLosses 2022-10-01 07357472 d:FRS102 2023-10-01 2024-09-30 07357472 d:Audited 2023-10-01 2024-09-30 07357472 d:FullAccounts 2023-10-01 2024-09-30 07357472 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07357472 c:WithinOneYear 2024-09-30 07357472 c:WithinOneYear 2023-09-30 07357472 c:BetweenOneFiveYears 2024-09-30 07357472 c:BetweenOneFiveYears 2023-09-30 07357472 c:MoreThanFiveYears 2024-09-30 07357472 c:MoreThanFiveYears 2023-09-30 07357472 d:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07357472 c:AcceleratedTaxDepreciationDeferredTax 2024-09-30 07357472 c:AcceleratedTaxDepreciationDeferredTax 2023-09-30 07357472 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 07357472










NEEM TREE CARE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
NEEM TREE CARE LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Statement of changes in equity
 
 
3
Notes to the financial statements
 
 
4 - 12


 
NEEM TREE CARE LIMITED
REGISTERED NUMBER: 07357472

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
99,068
109,351

Current assets
  

Debtors: amounts falling due within one year
 5 
2,032,570
1,720,683

Cash at bank and in hand
 6 
931,235
645,465

  
2,963,805
2,366,148

Creditors: amounts falling due within one year
 7 
(763,712)
(638,994)

Net current assets
  
 
 
2,200,093
 
 
1,727,154

Total assets less current liabilities
  
2,299,161
1,836,505

Creditors: amounts falling due after more than one year
 8 
(10,000)
(20,000)

Provisions for liabilities
  

Deferred tax
 10 
(23,388)
(23,388)

  
 
 
(23,388)
 
 
(23,388)

Net assets
  
2,265,773
1,793,117


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
2,264,773
1,792,117

  
2,265,773
1,793,117


Page 1

 
NEEM TREE CARE LIMITED
REGISTERED NUMBER: 07357472
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 by: 




R Patel
Director
Date: 6 March 2025

The notes on pages 4 to 12 form part of these financial statements.

Page 2

 
NEEM TREE CARE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 October 2022
1,000
1,509,810
1,510,810



Profit for the year
-
753,239
753,239

Dividends: Equity capital
-
(470,932)
(470,932)



At 1 October 2023
1,000
1,792,117
1,793,117



Profit for the year
-
972,855
972,855

Dividends: Equity capital
-
(500,199)
(500,199)


At 30 September 2024
1,000
2,264,773
2,265,773


The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
NEEM TREE CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is a private company limited by shares, and is incorporated in England and Wales, registration number 07357472. The address of its registered office is Canjayar, Tydcombe Road, Warlingham, Surrey CR6 9LU.

2.Accounting policies

 
2.1

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 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:

 
2.2

Going concern

The operational environment has remained stable over the past year, with continued demand for our services. We have maintained strong occupancy levels and continue to welcome new residents. The bank loan held by the company’s parent entity was successfully repaid after the year-end, further strengthening the company’s financial position.
Based on these factors, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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.

Page 4

 
NEEM TREE CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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

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.

Page 5

 
NEEM TREE CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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:

Short-term leasehold property
-
over term of lease
Fixtures and fittings
-
20% straight line basis
Computer equipment
-
33% straight line basis

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes
Page 6

 
NEEM TREE CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

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.

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 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 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.

Page 7

 
NEEM TREE CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 67 (2023 - 67).


4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
39,478
260,987
26,220
326,685


Additions
-
19,478
2,627
22,105


Disposals
-
(116,066)
(15,920)
(131,986)



At 30 September 2024

39,478
164,399
12,927
216,804



Depreciation


At 1 October 2023
20,680
175,623
21,031
217,334


Charge for the year on owned assets
1,880
27,566
2,942
32,388


Disposals
-
(116,066)
(15,920)
(131,986)



At 30 September 2024

22,560
87,123
8,053
117,736



Net book value



At 30 September 2024
16,918
77,276
4,874
99,068



At 30 September 2023
18,798
85,364
5,189
109,351

Page 8

 
NEEM TREE CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
140,536
193,956

Amounts owed by group undertakings
1,779,908
1,392,627

Other debtors
46,297
88,826

Prepayments and accrued income
65,829
45,274

2,032,570
1,720,683



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
931,235
645,465



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
38,294
46,579

Corporation tax
332,435
214,243

Other taxation and social security
48,997
43,872

Other creditors
203,605
168,352

Accruals and deferred income
130,381
155,948

763,712
638,994



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,000
20,000


Page 9

 
NEEM TREE CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
-
10,000


20,000
30,000



10.


Deferred taxation




2024


£






At beginning of year
(23,388)



At end of year
(23,388)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(23,388)
(23,388)

(23,388)
(23,388)


11.


Contingent liabilities

The company's assets have been used to provide security by way of a fixed and floating charge for a loan provided to the parent undertaking. An unlimited intercompany guarantee has been provided against the same loan. As at 30 September 2024 the total bank indebtness was £3,820,190 (2023: £3,924,851).
After the balance sheet date, the parent company sold a property and used the resulting funds to repay the bank loan. Following the repayment, the security and charges were satisfied on 30 October 2024. Please also refer to note 16 for further details on post balance sheet events.

Page 10

 
NEEM TREE CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £31,199 (2023: £30,131). Contributions totalling £2,687 (2023: £2,697) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
400,000
400,000

Later than 1 year and not later than 5 years
1,600,000
1,600,000

Later than 5 years
1,600,000
2,000,000

3,600,000
4,000,000

Please refer to note 16 for further details on post balance sheet events.


14.


Related party transactions

During the year, dividends of £500,199 (2023: £470,932) were paid to the directors.
During the year the parent undertaking charged rent to the company of £400,000 (2023: £400,000). As at the year end the company was owed £1,779,908 (2023: £1,392,627) by the parent undertaking.
Included in other debtors is an amount of £Nil (2023: £287) owed by a director. No interest was charged on these balances.


15.


Post balance sheet events

After the financial year-end, the following significant events occurred:
1. Repayment of Bank Loan
The bank loan held by the company’s parent entity with the Royal Bank of Scotland was fully repaid on  29 October 2024. Subsequently, all charges against the company were removed on 30 October 2024.
2. New Operating Lease
On 29 October 2024, the company entered into a new 30-year operating lease, securing long-term stability for its operations. The financial impact of this being an increase in the rent charge from £400,000 to £778,500 per annum.

Page 11

 
NEEM TREE CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

16.


Controlling party

The company is controlled in this and the preceding period by the members of Sunflower Healthcare (Greenford) LLP, its parent undertaking, by virtue of their interest in the Limited Liability Partnership.
The largest and the smallest group for which the company is a member is headed by Sunflower Healthcare (Greenford) LLP. Consolidated accounts can be obtained from Canjayar, Tydcombe Road, Warlingham, Surrey CR6 9LU.


17.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 6 March 2025 by Rajiv Thakerar FCA (Senior statutory auditor) on behalf of Sumer Auditco Limited.

 
Page 12