IRIS Accounts Production v24.3.2.46 01019714 Board of Directors 1.4.23 31.3.24 31.3.24 Medium entities The principal activity of the company continued to be that of care home. true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010197142023-03-31010197142024-03-31010197142023-04-012024-03-31010197142022-03-31010197142022-04-012023-03-31010197142023-03-3101019714ns15:EnglandWales2023-04-012024-03-3101019714ns14:PoundSterling2023-04-012024-03-3101019714ns10:Director12023-04-012024-03-3101019714ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101019714ns10:MediumEntities2023-04-012024-03-3101019714ns10:Audited2023-04-012024-03-3101019714ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-04-012024-03-3101019714ns10:Medium-sizedCompaniesRegimeForAccounts2023-04-012024-03-3101019714ns10:FullAccounts2023-04-012024-03-3101019714ns10:OrdinaryShareClass12023-04-012024-03-3101019714ns10:Director22023-04-012024-03-3101019714ns10:Director32023-04-012024-03-3101019714ns10:RegisteredOffice2023-04-012024-03-3101019714ns5:CurrentFinancialInstruments2024-03-3101019714ns5:CurrentFinancialInstruments2023-03-3101019714ns5:ShareCapital2024-03-3101019714ns5:ShareCapital2023-03-3101019714ns5:RetainedEarningsAccumulatedLosses2024-03-3101019714ns5:RetainedEarningsAccumulatedLosses2023-03-3101019714ns5:ShareCapital2022-03-3101019714ns5:RetainedEarningsAccumulatedLosses2022-03-3101019714ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3101019714ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-310101971412023-04-012024-03-3101019714ns5:OwnedAssets2023-04-012024-03-3101019714ns5:OwnedAssets2022-04-012023-03-3101019714ns10:OrdinaryShareClass12022-04-012023-03-3101019714ns5:LandBuildings2023-03-3101019714ns5:PlantMachinery2023-03-3101019714ns5:FurnitureFittings2023-03-3101019714ns5:MotorVehicles2023-03-3101019714ns5:LandBuildings2023-04-012024-03-3101019714ns5:PlantMachinery2023-04-012024-03-3101019714ns5:FurnitureFittings2023-04-012024-03-3101019714ns5:MotorVehicles2023-04-012024-03-3101019714ns5:LandBuildings2024-03-3101019714ns5:PlantMachinery2024-03-3101019714ns5:FurnitureFittings2024-03-3101019714ns5:MotorVehicles2024-03-3101019714ns5:LandBuildings2023-03-3101019714ns5:PlantMachinery2023-03-3101019714ns5:FurnitureFittings2023-03-3101019714ns5:MotorVehicles2023-03-3101019714ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3101019714ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3101019714ns5:DeferredTaxation2023-03-3101019714ns5:DeferredTaxation2023-04-012024-03-3101019714ns5:DeferredTaxation2024-03-3101019714ns10:OrdinaryShareClass12024-03-3101019714ns5:RetainedEarningsAccumulatedLosses2023-03-31
REGISTERED NUMBER: 01019714 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 March 2024

for

Claremont Care Services Limited

Claremont Care Services Limited (Registered number: 01019714)






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 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Notes to the Financial Statements 13


Claremont Care Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M M Rajan
Mr Y Rajan
Mrs Z M Rajan





REGISTERED OFFICE: 3rd Floor Warrengate Nursing Home
2 The Warren
Kingswood
Surrey
KT20 6PN





REGISTERED NUMBER: 01019714 (England and Wales)





INDEPENDENT AUDITORS: TC Group
Statutory Auditor
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

Claremont Care Services Limited (Registered number: 01019714)

Strategic Report
for the Year Ended 31 March 2024

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

REVIEW OF BUSINESS
The results for the year and the financial position of the company at the year end were considered satisfactory by the directors who expect continued growth in the foreseeable future.

The company provides CQC regulated nursing care home services to elderly residents with complex needs.

The company recognises the challenges that the elderly may encounter, and the company seeks to assist the residents by providing them with the highest level of support within a comfortable environment, with access to specialist care facilities for complex needs including dementia, alzheimer's etc.

During the period under review, the company moved the trade and assets of one of its carehome's Offington Park into another group company.

As the government continues to raise standards of care across the sector, the company continues to adapt and respond to these changes and adjust its day to day operational practices to ensure compliance at all times.

PRINCIPAL RISKS AND UNCERTAINTIES
The company's activities expose it to a number of operational and financial risks. The principal risks include:

QUALITY OF SERVICE
Failure to provide a high quality of service to the residents in our care would cause severe damage to the group's brand and its ability to attract new residents. Staff induction and training programmes are in place to ensure they all have an understanding of regulatory requirements and quality standards. The company also operates in robust levels of performance monitoring with reporting to senior management and directors of any potential issues.

RECRUITMENT
Our services rely on the capable skills and expertise of the team we employ. Shortage of appropriate staff is a potential risk to the business, especially with the prevalent national shortage of qualified staff. In order to mitigate this risk, the company has a proactive Human Resources and Recruitment team, which is always on the lookout for suitable skilled candidates.

GOVERNMENT ACTION
Failure to anticipate or respond to changes in government policy or regulation could negatively impact the company's performance. Regular intelligence gathering by senior management on proposed legislative and regulatory changes takes place and is cascaded down to teams during regular meetings.

DEVELOPMENT AND PERFORMANCE
The companys' strategy is primarily to maintain its operational activities at their existing levels but also to explore opportunities for growth including through the acquisition and development of other homes.


Claremont Care Services Limited (Registered number: 01019714)

Strategic Report
for the Year Ended 31 March 2024

KEY PERFORMANCE INDICATORS
The Key Performance indicators used by the directors to assess the performance of the group are as follows:-

31.3.24 31.3.23
£    £   
Turnover 4,091,916 5,001,641
Operating profit 1,174,017 1,623,887

ON BEHALF OF THE BOARD:





Mr M M Rajan - Director


26 March 2025

Claremont Care Services Limited (Registered number: 01019714)

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.

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

Mr M M Rajan
Mr Y Rajan
Mrs Z M Rajan

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.

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
TC Group were deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:





Mr M M Rajan - Director


26 March 2025

Report of the Independent Auditors to the Members of
Claremont Care Services Limited

Opinion
We have audited the financial statements of Claremont Care Services Limited (the 'company') for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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
Claremont Care Services 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 page four, 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
Claremont Care Services 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud
The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

- We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations;

- We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK;

- We considered the nature of the industry, the control environment and business performance, including the key drivers for management's remuneration;

- We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit;

- We considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Report of the Independent Auditors to the Members of
Claremont Care Services Limited


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.




Sadikali Premji FCCA (Senior Statutory Auditor)
for and on behalf of TC Group
Statutory Auditor
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

26 March 2025

Claremont Care Services Limited (Registered number: 01019714)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 4,091,916 5,001,641

Cost of sales (2,244,877 ) (2,623,815 )
GROSS PROFIT 1,847,039 2,377,826

Administrative expenses (698,187 ) (793,164 )
1,148,852 1,584,662

Other operating income 25,165 39,225
OPERATING PROFIT 5 1,174,017 1,623,887

Interest receivable and similar income 261,926 81,946
1,435,943 1,705,833

Interest payable and similar expenses 6 (317 ) (29,967 )
PROFIT BEFORE TAXATION 1,435,626 1,675,866

Tax on profit 7 (359,393 ) (338,587 )
PROFIT FOR THE FINANCIAL YEAR 1,076,233 1,337,279

Claremont Care Services Limited (Registered number: 01019714)

Other Comprehensive Income
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

PROFIT FOR THE YEAR 1,076,233 1,337,279


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,076,233

1,337,279

Claremont Care Services Limited (Registered number: 01019714)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 9 1,156,142 2,036,686

CURRENT ASSETS
Debtors 10 2,182,551 674,421
Cash at bank 29,344 7,477,021
2,211,895 8,151,442
CREDITORS
Amounts falling due within one year 11 (1,347,703 ) (9,242,123 )
NET CURRENT ASSETS/(LIABILITIES) 864,192 (1,090,681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,020,334

946,005

PROVISIONS FOR LIABILITIES 12 (68,227 ) (70,131 )
NET ASSETS 1,952,107 875,874

CAPITAL AND RESERVES
Called up share capital 13 10,000 10,000
Retained earnings 14 1,942,107 865,874
SHAREHOLDERS' FUNDS 1,952,107 875,874

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr M M Rajan - Director


Claremont Care Services Limited (Registered number: 01019714)

Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 10,000 5,328,595 5,338,595

Changes in equity
Dividends - (5,800,000 ) (5,800,000 )
Total comprehensive income - 1,337,279 1,337,279
Balance at 31 March 2023 10,000 865,874 875,874

Changes in equity
Total comprehensive income - 1,076,233 1,076,233
Balance at 31 March 2024 10,000 1,942,107 1,952,107

Claremont Care Services Limited (Registered number: 01019714)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Claremont Care Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, Warrengate Nursing Home, 2 The Warren, Kingswood, Surrey, KT20 6NN.

2. ACCOUNTING POLICIES

Company information
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling , which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Claremont Care Services Limited (Registered number: 01019714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment5% Reducing balance basis
Fixtures and fittings5% Reducing balance basis
Motor vehicles33% Reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The residual value of the freehold property is not less than its carrying value, Consequently, no depreciation
has been provided in respect of Freehold building. The costs for maintenance and upkeeping the property are expensed in the profit and loss account in the year they are incurred.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Claremont Care Services Limited (Registered number: 01019714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of 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 deducting all of its liabilities.


Basic financial liabilities

Claremont Care Services Limited (Registered number: 01019714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Claremont Care Services Limited (Registered number: 01019714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

4. EMPLOYEES AND DIRECTORS
31.3.24 31.3.23
£    £   
Wages and salaries 1,479,335 1,613,057
Social security costs 135,680 153,705
Other pension costs 20,375 24,388
1,635,390 1,791,150

The average number of employees during the year was as follows:
31.3.24 31.3.23

Management and directors 3 3
Care workers and support staff 54 66
57 69

Claremont Care Services Limited (Registered number: 01019714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS - continued

31.3.24 31.3.23
£    £   
Directors' remuneration 13,239 25,453

5. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 15,219 19,923
Loss on disposal of fixed assets - 18,420
Auditors' remuneration 3,200 7,200

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31.3.24 31.3.23
£    £   
Interest payable 317 29,967

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax 361,297 324,388

Deferred tax (1,904 ) 14,199
Tax on profit 359,393 338,587

UK corporation tax has been charged at 25% .

Claremont Care Services Limited (Registered number: 01019714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. 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:

31.3.24 31.3.23
£    £   
Profit before tax 1,435,626 1,675,866
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

358,907

318,415

Effects of:
Expenses not deductible for tax purposes 486 3,500
Depreciation in excess of capital allowances 1,904 2,473
Deferred tax (1,904 ) 14,199
Total tax charge 359,393 338,587

8. DIVIDENDS
31.3.24 31.3.23
£    £   
Ordinary shares of £1 each
Interim - 5,800,000

9. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 1,714,077 646,569 142,153 76,950 2,579,749
Additions - - 12,148 - 12,148
Disposals (830,841 ) (70,356 ) (7,670 ) - (908,867 )
At 31 March 2024 883,236 576,213 146,631 76,950 1,683,030
DEPRECIATION
At 1 April 2023 - 349,712 126,485 66,866 543,063
Charge for year - 11,634 1,007 2,578 15,219
Eliminated on disposal - (24,483 ) (6,911 ) - (31,394 )
At 31 March 2024 - 336,863 120,581 69,444 526,888
NET BOOK VALUE
At 31 March 2024 883,236 239,350 26,050 7,506 1,156,142
At 31 March 2023 1,714,077 296,857 15,668 10,084 2,036,686

Claremont Care Services Limited (Registered number: 01019714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 235,511 530,059
Amounts owed by group undertakings 1,888,141 -
Amounts owed by participating interests 1,080 -
Other debtors 13,850 58,356
Prepayments and accrued income 43,969 86,006
2,182,551 674,421

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 100,458 154,580
Amounts owed to group undertakings 861,345 8,775,643
Amounts owed to participating interests 59,241 44,321
Tax 257,565 192,359
Social security and other taxes 42,664 40,428
Other creditors 22,132 10,949
Accruals and deferred income 4,298 23,843
1,347,703 9,242,123

12. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 68,227 70,131

Deferred
tax
£   
Balance at 1 April 2023 70,131
Credit to Income Statement during year (1,904 )
Balance at 31 March 2024 68,227

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10,000 Ordinary £1 10,000 10,000

Claremont Care Services Limited (Registered number: 01019714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

14. RESERVES
Retained
earnings
£   

At 1 April 2023 865,874
Profit for the year 1,076,233
At 31 March 2024 1,942,107

15. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under section 33.1A of FRS 102, from the requirement to disclose transactions with wholly owned members of the group.

Included within debtors is an amount of £1,889,221 (2023: £Nil) owed by companies in which the directors have an interest.

Also, included within creditors is an amount of £920,586 (2023: £8,819,964) owed to companies in which the directors have an interest.

16. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking is Kenjaro Investments Limited, a company incorporated in England and Wales under company registration number 01826681.

The directors consider the ultimate controlling party to be the Rajan Family by virtue of holding the entire issued share capital of Kenjaro Investments Limited.