IRIS Accounts Production v24.3.2.46 02128699 Board of Directors 1.4.23 31.3.24 31.3.24 The company's principal activity is the provision of care for older people in the North West of England by way of residential, nursing, continuing care, specialist dementia care units with respite and short stay availability. The company currently operates 8 homes, with approximately 276 available beds and employs more than 300 people throughout the Northwest as follows: ++ ++t mss:t1 <R><C16>Home<C11,,,,N>Town<C10,,C,,N>Date Opened<\R><R><C><C><C><\R><R><C>Lytham Court<C>Lytham<C>1985<\R><R><C>St Georges<C>Lytham<C>1986<\R><R><C>Mariners Court<C>Fleetwood<C>1989<\R><R><C>Gillibrand Hall<C>Chorley<C>1990<\R><R><C>Ambleside Bank<C>Wigan<C>1996<\R><R><C>Brimstage Manor<C>Wirral<C>2007<\R><R><C>New Thursby<C>Lytham<C>2007<\R><R><C>Priory Court<C>Lytham<C>2007<\R> ++t mss:t1 true true false true true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021286992023-03-31021286992024-03-31021286992023-04-012024-03-31021286992022-03-31021286992022-04-012023-03-31021286992023-03-3102128699ns15:EnglandWales2023-04-012024-03-3102128699ns14:PoundSterling2023-04-012024-03-3102128699ns10:Director12023-04-012024-03-3102128699ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102128699ns10:FRS1022023-04-012024-03-3102128699ns10:Audited2023-04-012024-03-3102128699ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-04-012024-03-3102128699ns10:LargeMedium-sizedCompaniesRegimeForAccounts2023-04-012024-03-3102128699ns10:FullAccounts2023-04-012024-03-310212869912023-04-012024-03-3102128699ns10:Director22023-04-012024-03-3102128699ns10:RegisteredOffice2023-04-012024-03-3102128699ns5:CurrentFinancialInstruments2024-03-3102128699ns5:CurrentFinancialInstruments2023-03-3102128699ns5:ShareCapital2024-03-3102128699ns5:ShareCapital2023-03-3102128699ns5:RevaluationReserve2024-03-3102128699ns5:RevaluationReserve2023-03-3102128699ns5:CapitalRedemptionReserve2024-03-3102128699ns5:CapitalRedemptionReserve2023-03-3102128699ns5:RetainedEarningsAccumulatedLosses2024-03-3102128699ns5:RetainedEarningsAccumulatedLosses2023-03-3102128699ns5:ShareCapital2022-03-3102128699ns5:RetainedEarningsAccumulatedLosses2022-03-3102128699ns5:RevaluationReserve2022-03-3102128699ns5:CapitalRedemptionReserve2022-03-3102128699ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3102128699ns5:RevaluationReserve2022-04-012023-03-3102128699ns5:CapitalRedemptionReserve2022-04-012023-03-3102128699ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3102128699ns5:RevaluationReserve2023-04-012024-03-3102128699ns5:CapitalRedemptionReserve2023-04-012024-03-3102128699ns5:NetGoodwill2023-04-012024-03-3102128699ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3102128699ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3102128699ns5:PlantMachinery2023-04-012024-03-3102128699ns5:FurnitureFittings2023-04-012024-03-3102128699ns5:MotorVehicles2023-04-012024-03-3102128699ns5:ComputerEquipment2023-04-012024-03-310212869912023-04-012024-03-3102128699ns5:ReportableOperatingSegment12023-04-012024-03-3102128699ns5:ReportableOperatingSegment12022-04-012023-03-3102128699ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2023-04-012024-03-3102128699ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2022-04-012023-03-3102128699ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2023-04-012024-03-3102128699ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2022-04-012023-03-3102128699ns5:OwnedAssets2023-04-012024-03-3102128699ns5:OwnedAssets2022-04-012023-03-310212869922023-04-012024-03-310212869922022-04-012023-03-3102128699ns5:NetGoodwill2023-03-3102128699ns5:NetGoodwill2024-03-3102128699ns5:NetGoodwill2023-03-3102128699ns5:LandBuildings2023-03-3102128699ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3102128699ns5:PlantMachinery2023-03-3102128699ns5:LandBuildings2023-04-012024-03-3102128699ns5:LandBuildings2024-03-3102128699ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3102128699ns5:PlantMachinery2024-03-3102128699ns5:LandBuildings2023-03-3102128699ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3102128699ns5:PlantMachinery2023-03-3102128699ns5:FurnitureFittings2023-03-3102128699ns5:MotorVehicles2023-03-3102128699ns5:ComputerEquipment2023-03-3102128699ns5:FurnitureFittings2024-03-3102128699ns5:MotorVehicles2024-03-3102128699ns5:ComputerEquipment2024-03-3102128699ns5:FurnitureFittings2023-03-3102128699ns5:MotorVehicles2023-03-3102128699ns5:ComputerEquipment2023-03-3102128699ns5:CostValuation2023-03-3102128699ns5:Subsidiary12023-04-012024-03-3102128699ns5:Subsidiary112023-04-012024-03-3102128699ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3102128699ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3102128699ns5:CurrentFinancialInstruments2023-04-012024-03-3102128699ns5:DeferredTaxation2023-03-3102128699ns5:DeferredTaxation2023-04-012024-03-3102128699ns5:DeferredTaxation2024-03-310212869912023-04-012024-03-31
REGISTERED NUMBER: 02128699 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CENTURY HEALTHCARE LIMITED

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15


CENTURY HEALTHCARE LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mr N Brahmabhatt
Dr N Brahmabhatt





REGISTERED OFFICE: Temple Chambers
296 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1LH





REGISTERED NUMBER: 02128699 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Statutory Auditor
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

STRATEGIC REPORT
for the year ended 31 March 2024

The directors present their strategic report for the year ended 31 March 2024.

Established in 1998, Century Healthcare is one of the leading providers of care for older people in the North West of England. There are six care homes within the Century Healthcare group of homes. All are in the North West of England and all of them provide excellent standards of care, including residential, nursing, specialist dementia care units with respite and short stay.

REVIEW OF BUSINESS
The directors are pleased with the performance of the company this year.

Key Performance Indicators:
2024 2023
£ £
Turnover 11,643,572 11,107,907
Operating profit 903,774 271,831
Profit before taxation 927,048 272,633
Profit after taxation 630,341 169,922
Shareholders funds 12,198,195 11,567,854

During the year, we made the decision to sell one of our homes that was under performing. Despite this, we have managed to increase turnover by almost 5% on the previous year.

Occupancy rates have remained the same as the previous year at 91%.


CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

STRATEGIC REPORT
for the year ended 31 March 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The company's operations expose it to a variety of financial risks that include the effects of changes in credit risk, price risk, liquidity risk and interest rate risk.

The company's principle financial instruments comprise cash deposits, bank loans and overdrafts, together with trade debtors and trade creditors arising directly from trading.

Price risk
The company pricing policy is largely dependant upon social services. Each year social services revise their fees dependant upon the placement type. The company use these revised fees as a basis for their own fees in order to remain competitive.

Credit risk
The credit risk attributable to trade debtors is low as the company receives regular monthly payments from both social services and private residents. The company has good systems in place for the management of debts and the incidence of bad debt on private fees has been minimal.

Operational risks
The company's activities expose it to a number of operational risks including reputational risk and regulatory risk.

Reputational risks
We welcome independent visits from authorities such as the CQC to ensure we are acting at the very highest standard. This in turns ensures that our reputation remains high.

Regulatory risks
The care home sector is a highly regulated industry and the company is subject to a number of inspections from various agencies, the majority of which, are unannounced. Any failure to meet the necessary regulations could lead to the homes being placed in special measures or even closed.

Macro-economic risks
Brexit
When combined with the impact of Covid, most industries have experienced labour shortages. Encouragingly, at the end of 2021 the Government announced that care workers would be added to the Shortage Occupation List.

Interest & Inflation
The UK is currently navigating it's way out of a period of high inflation and high interest rates. As the company has no bank borrowings we are not effected by the high interest rates. Management feel that we are well placed to absorb the increasing costs caused by inflation.

ON BEHALF OF THE BOARD:





Mr N Brahmabhatt - Director


12 March 2025

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

REPORT OF THE DIRECTORS
for the year ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 March 2024.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
The director shown below has held office during the whole of the period from 1 April 2023 to the date of this report.

Mr N Brahmabhatt
Dr N Brahmabhatt

FINANCIAL INSTRUMENTS
See the Strategic Report for a summary of risks relating to financial instruments.

DISABLED EMPLOYEES
The company gives full consideration to applications for employment from disabled persons where the requirements of the job can be adequately fulfilled by a disabled person. Where existing employees become disabled, it is the company's policy wherever practicable, to provide continuing employment under normal terms and conditions and to provide training and career development and promotion to disabled employees wherever appropriate.

EMPLOYEE INVOLVEMENT
During the year, the policy of providing employees with information about the company has been continued through internal media methods in which employees have also been encouraged to present their suggestions and views on the company's performance. Regular meetings are held between local management and employees to allow a free flow of information and ideas.

ENGAGEMENT WITH EMPLOYEES
We consider communication with our employees to be of the utmost importance and as such, our staff are kept informed of the company's activities through regular meetings with staff representatives. During these meetings, employees are given the opportunity to relay any ideas they may have that could benefit not only themselves, but the company as a whole. Employees are more than welcome to approach management directly with any comments or ideas that they may have and we remain committed to be approachable at all times.

We are committed to giving our employees a safe and positive working environment, with our staff's mental and physical wellbeing at the forefront. A range of benefits are offered to employees to invest themselves in the company performance including enhanced sick pay, training opportunities and career support. Pay is reviewed on an annual basis and all staff are eligible to join the work place pension scheme.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the 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 (United Kingdom Accounting Standards 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 company and of the profit or loss of the company 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 accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

REPORT OF THE DIRECTORS
for the year ended 31 March 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES - continued
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director 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 auditors are aware of that information.

ON BEHALF OF THE BOARD:





Mr N Brahmabhatt - Director


12 March 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CENTURY HEALTHCARE LIMITED

Opinion
We have audited the financial statements of Century Healthcare Limited (the 'company') for the year ended 31 March 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of 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 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 the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of 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 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CENTURY HEALTHCARE LIMITED


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 Report of the Directors.

We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities set out on pages four and five, 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 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CENTURY HEALTHCARE LIMITED


Auditors' 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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company and the industry in which it operates;

We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, care home regulations and health and safety legislation;

We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

Performed analytical procedures to identify any unusual or unexpected relationships;

Tested journal entries to identify unusual transactions;

Investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Agreeing financial statement disclosures to underlying supporting documentation;

Enquiring of management as to actual and potential litigation and claims; and

Reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, CQC, and the company’s legal advisors.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CENTURY HEALTHCARE LIMITED

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.




Martin Wigley MSc ACA ATII (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
Statutory Auditor
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

12 March 2025

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

STATEMENT OF COMPREHENSIVE
INCOME
for the year ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 4 11,643,572 11,107,907

Cost of sales 8,330,888 8,521,848
GROSS PROFIT 3,312,684 2,586,059

Administrative expenses 2,437,384 2,415,864
875,300 170,195

Other operating income 28,474 101,636
OPERATING PROFIT 6 903,774 271,831

Interest receivable and similar income 23,415 11,302
927,189 283,133

Interest payable and similar expenses 7 141 10,500
PROFIT BEFORE TAXATION 927,048 272,633

Tax on profit 8 296,707 102,711
PROFIT FOR THE FINANCIAL YEAR 630,341 169,922

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

630,341

169,922

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 10,373,588 12,081,601
Investments 11 1 1
10,373,589 12,081,602

CURRENT ASSETS
Stocks 12 2,000 2,000
Debtors 13 3,475,376 806,069
Cash at bank and in hand 330,794 1,153,239
3,808,170 1,961,308
CREDITORS
Amounts falling due within one year 14 (1,618,031 ) (2,121,132 )
NET CURRENT ASSETS/(LIABILITIES) 2,190,139 (159,824 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,563,728

11,921,778

PROVISIONS FOR LIABILITIES 15 (365,533 ) (353,924 )
NET ASSETS 12,198,195 11,567,854

CAPITAL AND RESERVES
Called up share capital 16 160 160
Fair value reserve 4,493,530 5,265,982
Capital redemption reserve 55 55
Retained earnings 7,704,450 6,301,657
SHAREHOLDERS' FUNDS 12,198,195 11,567,854

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





Mr N Brahmabhatt - Director


CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

STATEMENT OF CHANGES IN EQUITY
for the year ended 31 March 2024

Called up Fair Capital
share Retained value redemption Total
capital earnings reserve reserve equity
£    £    £    £    £   
Balance at 1 April 2022 160 6,139,693 5,258,024 55 11,397,932

Changes in equity
Total comprehensive income - 161,964 7,958 - 169,922
Balance at 31 March 2023 160 6,301,657 5,265,982 55 11,567,854

Changes in equity
Total comprehensive income - 1,402,793 (772,452 ) - 630,341
Balance at 31 March 2024 160 7,704,450 4,493,530 55 12,198,195

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

CASH FLOW STATEMENT
for the year ended 31 March 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 233,719 817,538
Interest paid (141 ) (10,500 )
Tax paid (403,182 ) 10,496
Net cash from operating activities (169,604 ) 817,534

Cash flows from investing activities
Purchase of tangible fixed assets (184,011 ) (111,176 )
Purchase of fixed asset investments - (1 )
Sale of tangible fixed assets 1,523,246 -
Interest received 23,415 11,302
Net cash from investing activities 1,362,650 (99,875 )

Cash flows from financing activities
Repayment of loan from parent company (2,015,491 ) (534,879 )
Net cash from financing activities (2,015,491 ) (534,879 )

(Decrease)/increase in cash and cash equivalents (822,445 ) 182,780
Cash and cash equivalents at beginning of
year

2

1,153,239

970,459

Cash and cash equivalents at end of year 2 330,794 1,153,239

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

NOTES TO THE CASH FLOW STATEMENT
for the year ended 31 March 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 927,048 272,633
Depreciation charges 319,498 342,665
Loss on disposal of fixed assets 49,280 -
Impairment - 108,182
Finance costs 141 10,500
Finance income (23,415 ) (11,302 )
1,272,552 722,678
Decrease in stocks - 13,107
Increase in trade and other debtors (773,736 ) (209,327 )
(Decrease)/increase in trade and other creditors (265,097 ) 291,080
Cash generated from operations 233,719 817,538

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31/3/24 1/4/23
£    £   
Cash and cash equivalents 330,794 1,153,239
Year ended 31 March 2023
31/3/23 1/4/22
£    £   
Cash and cash equivalents 1,153,239 970,459


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/23 Cash flow At 31/3/24
£    £    £   
Net cash
Cash at bank and in hand 1,153,239 (822,445 ) 330,794
1,153,239 (822,445 ) 330,794
Total 1,153,239 (822,445 ) 330,794

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

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

1. STATUTORY INFORMATION

Century Healthcare 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Amortisation is calculated so as to write off the cost of an asset over the useful economic life of that asset of 10 years straight line.Goodwill has now been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Long leasehold - 2% on cost
Plant and machinery - 6.67% on cost
Fixtures and fittings - 12.5% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended. The valuation of the property on the date of transition to FRS 102 was taken as the deemed cost as per the transition relief allowances.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. The effective interest rate amortisation is included in finance revenue in the income statement.

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

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

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

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

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and 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 if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies and key source of estimation uncertainty

The following are the key sources of estimation uncertainty that the directors have assessed as being applicable to the entity and that have the most significant effect on the amounts recognised in the financial statements. It is deemed that there are no critical accounting judgements.

Fixed Assets

Accounting for fixed assets involves the use of estimates for (a) the useful live of the assets over which they are to be depreciated , and (b) the existence and any amount of impairment. Details of fixed assets can be found in note 10.

Fixed assets are depreciated on a straight line basis over the estimated useful lives. When the company estimates useful lives various factors are considered including expected technology obsolescence and the expected usage of the asset. The company regularly reviews these assets useful lives and future economic utilization and the physical condition of the assets concerned.

The carrying value of the assets is assessed periodically to determine whether there are any indications of any impairment of the value beyond the depreciation charge. If this is the case, an impairment charge is taken against the carrying value of the assets and charged to profit and loss account. The impairment of fixed assets require management judgement in determining the amounts to be impaired, in particular judgement is used when assessing the future cash flows.

4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Care services 11,643,572 11,107,907
11,643,572 11,107,907

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 6,923,729 6,455,577
Social security costs 577,468 523,571
Other pension costs 113,384 112,738
7,614,581 7,091,886

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

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

5. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2024 2023

Care and domestic staff 320 319
Administrative staff 4 4
Management staff 10 14
334 337

2024 2023
£    £   
Directors' remuneration - -

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 25,331 20,549
Other operating leases 18,496 17,072
Operating lease income (3,308 ) (3,167 )
Depreciation - owned assets 319,498 342,665
Loss on disposal of fixed assets 49,280 -
Auditors' remuneration 26,400 21,300

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 64 -
Other interest 77 10,500
141 10,500

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 285,098 106,506

Deferred tax 11,609 (3,795 )
Tax on profit 296,707 102,711

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

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

8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 927,048 272,633
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

231,762

51,800

Effects of:
Expenses not deductible for tax purposes 52,624 64,207
Capital allowances in excess of depreciation - (3,163 )
Depreciation in excess of capital allowances 712 -

Deferred tax 11,609 (3,796 )
Capital allowances super deduction - (6,337 )
Total tax charge 296,707 102,711

9. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,451,325
AMORTISATION
At 1 April 2023
and 31 March 2024 1,451,325
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

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

10. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2023 11,029,478 2,485,191 1,183,195
Additions 43,691 - 35,905
Disposals (1,833,355 ) - -
At 31 March 2024 9,239,814 2,485,191 1,219,100
DEPRECIATION
At 1 April 2023 1,620,255 449,232 653,694
Charge for year 160,794 49,704 65,817
Eliminated on disposal (260,829 ) - -
At 31 March 2024 1,520,220 498,936 719,511
NET BOOK VALUE
At 31 March 2024 7,719,594 1,986,255 499,589
At 31 March 2023 9,409,223 2,035,959 529,501

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,032,690 60,019 148,343 15,938,916
Additions 83,638 - 20,777 184,011
Disposals - - - (1,833,355 )
At 31 March 2024 1,116,328 60,019 169,120 14,289,572
DEPRECIATION
At 1 April 2023 935,432 58,376 140,326 3,857,315
Charge for year 35,513 413 7,257 319,498
Eliminated on disposal - - - (260,829 )
At 31 March 2024 970,945 58,789 147,583 3,915,984
NET BOOK VALUE
At 31 March 2024 145,383 1,230 21,537 10,373,588
At 31 March 2023 97,258 1,643 8,017 12,081,601

Included in cost of land and buildings is freehold land of £ 1,868,590 (2023 - £ 2,135,504 ) which is not depreciated.

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

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

11. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Century Healthcare Management Services Limited
Registered office: Temple Chambers, 296 Clifton Drive South, Lytham St. Annes, Lancashire, FY8 1LH, England
Nature of business:
%
Class of shares: holding
Ordinary 100.00

12. STOCKS
2024 2023
£    £   
Consumable stores 2,000 2,000

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 443,355 706,349
Amounts owed by group undertakings 1,895,870 299
Other debtors 1,071,736 3,000
Prepayments 64,415 96,421
3,475,376 806,069

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 222,281 284,682
Amounts owed to group undertakings - 119,920
Tax 285,055 403,139
Social security and other taxes 167,190 152,808
Other creditors 546,443 714,470
Accruals and deferred income 397,062 446,113
1,618,031 2,121,132

Amounts owed to group undertakings are due on demand and bear no interest.

CENTURY HEALTHCARE LIMITED (REGISTERED NUMBER: 02128699)

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

15. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 228,065 216,456
Accelerated capital allowances 137,468 137,468
365,533 353,924

Deferred
tax
£   
Balance at 1 April 2023 353,924
Charge to Statement of Comprehensive Income during year 11,609
Balance at 31 March 2024 365,533

Finance bill 2021 provisions to increase the main rate of UK corporation tax from 1st April 2023. As substantive enactment had occurred before the balance sheet date, deferred tax balances as at 31st March 2023 have been updated to be measured at a rate of 25% (2022: 25%).

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid
Number: Class: Nominal 2022 2021
value: £ £
12 A Ordinary £1 12 12
50 B Ordinary £1 50 50
50 C Ordinary £1 50 50
48 D Ordinary £1 48 48
160 160

The Ordinary B and Ordinary C shares rank pari passu with the Ordinary A shares. The Ordinary D shares do not have voting rights.

17. ULTIMATE PARENT COMPANY

The immediate and ultimate parent undertaking and controlling party is Renal Health Limited. The registered office of Renal Health Ltd is, 66 Avior Drive, Northwood, Middlesex, HA6 3J.

18. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption permitted under Section 33 'Related Party Disclosures' paragraph 33.1A from disclosing transactions with the parent company.

19. POST BALANCE SHEET EVENTS

One of the nursing homes operated by the company, Brimstage Manor Nursing Home, was sold in October 2024. This is considered a non adjusting event.

In October 2024, 2 of the homes owned by the company, Gillibrand Nursing home and Ambleside Nursing home, were transferred to a company within the same group as Century Healthcare Limited.

In May 2024 a group restructure lead to NBB Holdings Limited becoming the ultimate parent company.