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REGISTERED NUMBER: 10964855 (England and Wales)



















HAILSHAM HOUSE AND OPERATIONS LIMITED

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 11

Notes to the Financial Statements 12


HAILSHAM HOUSE AND OPERATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S M P Adcock
E C Gilvear
J S Godden





REGISTERED OFFICE: 5th Floor
167-169 Great Portland Street
London
W1W 5PF





REGISTERED NUMBER: 10964855 (England and Wales)





AUDITORS: Keelings Limited
Statutory Auditors, Chartered Tax Advisers
and Chartered Certified Accountants
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

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.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a care home.

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

S M P Adcock
E C Gilvear
J S Godden

INDEMNITY PROVISION FOR DIRECTORS
No qualifying third party indemnity provision for the benefit of one or more directors was in force at any time during the financial year or at the date of approval of this report.

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing 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.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J S Godden - Director


27 March 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

Opinion
We have audited the financial statements of Hailsham House And Operations 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 loss 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)


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 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; or
- the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page two, 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
HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)


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:

In relation to fraud, the objectives of our audit are to identify and assess the risk 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 and the detection of fraud.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:
- obtained an understanding of the nature of the sector, including the legal and regulatory framework, in which the entity operates and how the entity is complying with the legal and regulatory framework;
- inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;
- discussed matters concerning non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.

As a result of these procedures we consider that the most significant laws and regulations which have a direct impact on the financial statements are compliance with Financial Reporting Framework FRS 102, Companies Act 2006, Corporation Tax Act 2010, General Data Protection Regulations and applicable Employment Legislation. In addition, we considered other laws and regulations which do not have a direct effect on the financial statements but compliance with which may be fundamental to the entity's ability to operate or to avoid a material penalty. The key laws and regulations that we considered in this context included the Health and Safety at Work etc Act 1974.

Our procedures to respond to risks identified included the following:
- reviewing financial statement disclosures;
- enquiring of management, the directors, and external legal; advisors concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate material misstatement due to fraud;
- testing the appropriateness of journal entries and assessing the assumptions reflected in accounting estimates for indications of potential bias;
- addressing the risk of fraud in revenue recognition by performing substantive testing on the revenue.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the further that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud, rather than error, as fraud may involve intentional concealment, forgery, collusion, omission or misrepresentation.

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
HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)


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.




Domenico Maurello (Senior Statutory Auditor)
for and on behalf of Keelings Limited
Statutory Auditors, Chartered Tax Advisers
and Chartered Certified Accountants
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

27 March 2025

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

PERIOD
1.10.21
YEAR ENDED TO
31.3.24 31.3.23
Notes £    £   

TURNOVER 5,206,928 6,068,868

Cost of sales 3,943,850 4,884,870
GROSS PROFIT 1,263,078 1,183,998

Administrative expenses 2,295,986 2,423,902
(1,032,908 ) (1,239,904 )

Other operating income 3 - 23,099
OPERATING LOSS 5 (1,032,908 ) (1,216,805 )


Interest payable and similar expenses 6 5,438 62,448
LOSS BEFORE TAXATION (1,038,346 ) (1,279,253 )

Tax on loss 7 - -
LOSS FOR THE FINANCIAL YEAR (1,038,346 ) (1,279,253 )

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2024

PERIOD
1.10.21
YEAR ENDED TO
31.3.24 31.3.23
Notes £    £   

LOSS FOR THE YEAR (1,038,346 ) (1,279,253 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(1,038,346

)

(1,279,253

)

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 1,358,093 975,512

CURRENT ASSETS
Debtors 9 1,711,361 554,060
Cash at bank and in hand 182,787 202,465
1,894,148 756,525
CREDITORS
Amounts falling due within one year 10 1,174,759 1,008,778
NET CURRENT ASSETS/(LIABILITIES) 719,389 (252,253 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,077,482

723,259

CREDITORS
Amounts falling due after more than one
year

11

5,706,356

3,313,787
NET LIABILITIES (3,628,874 ) (2,590,528 )

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings (3,628,974 ) (2,590,628 )
SHAREHOLDERS' FUNDS (3,628,874 ) (2,590,528 )

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





J S Godden - Director


HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2021 100 (1,311,375 ) (1,311,275 )

Changes in equity
Total comprehensive income - (1,279,253 ) (1,279,253 )
Balance at 31 March 2023 100 (2,590,628 ) (2,590,528 )

Changes in equity
Total comprehensive income - (1,038,346 ) (1,038,346 )
Balance at 31 March 2024 100 (3,628,974 ) (3,628,874 )

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Hailsham House And Operations 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

Accounting convention
The company's financial statements are prepared in accordance with FRS 102.

The financial statements are prepared in Pounds 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
Based on current and projected performance, the directors have a reasonable expectation that the Company will continue to operate and meet its liabilities as they fall due for at least the twelve months following the date of approval of these accounts. Nonetheless, the company wholly-owning the group to which the Company belongs, Aurem Care Group Limited, has undertaken to provide the Company with any financial support it might need to meet its liabilities in this period. Consequently, these financial statements are again prepared on the going concern basis.

Related parties
For the purpose of these financial statements, a related party is as defined by FRS 102.

Reduced disclosure
The company has taken advantage of the following disclosure exemptions 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;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirement of paragraph 33.7.

Additionally, the company has taken advantage of the exemption provided by FRS 102 not to disclose transactions with group members.

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Significant judgements and estimates
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. These estimates and judgements are made in the light of historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstance. However, actual results may differ from those anticipated.

In the preparation of these financial statements, the company's critical accounting judgements and estimates are in respect of the recoverability of group debts, impairment of assets, depreciation and the provision for doubtful debts. Details of these judgements and estimates are described in the relevant accounting policy, the notes to the financial statements and below:

- Impairment of the company's tangible fixed assets: factors taken into consideration include the economic viability and expected future financial performance of the asset and, where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

- Depreciation of tangible fixed assets: these are depreciated over their useful lives, taking into account residual values. The useful lives and residual values are assessed annually and depend on a number of factors. As regards useful lives, considerations include technological innovation and maintenance programmes, while residual value assessments review matters such as future market conditions, the remaining life of the asset and projected disposal values.

- Doubtful debts: a provision is made when the directors consider that collection of the full amount due is no longer probable. Their assessment is based on the age of the debt, the likely success of any action taken to recover it and the costs of such action.

Turnover
The company operates a care home for older people who require residential or nursing care. Turnover represents fees in respect of these residents and is recognised for each period of occupancy within the accounting period.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently stated at cost less accumulated depreciation and any accumulated impairment losses. Where their valuation is used, this is treated as their deemed cost (as permitted by FRS 102's transition provisions).

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.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost
Land & buildings - 15% on cost

Government grants
Government grants have been accounted for under the accrual model, recognised as other income in the period to which they relate. There were no unfulfilled conditions or contingencies attached to the grants.

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The entity 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 entity's balance sheet when the entity 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 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.

Equity
Equity comprises the following
- share capital, which represents the nominal value of equity shares;
- profit and loss reserves, which represent retained profits; and
- the revaluation reserve, which represents the cumulative gains and losses arising on the revaluation of fixed assets.

An equity share is a contract that evidences a residual interest in the assets of the company after deducting all its liabilities. Equity shares issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity shares 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.

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.

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.

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.

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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

The 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.

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 and an impairment loss is recognised immediately in the Profit and Loss Account.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the lower of:
a. the revised estimate of its recoverable amount; and
b. 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 the Profit and Loss Account.

3. OTHER OPERATING INCOME
PERIOD
1.10.21
YEAR ENDED TO
31.3.24 31.3.23
£    £   
Government grants - 23,099

The Government grants received were to alleviate Covid-related costs.

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. EMPLOYEES AND DIRECTORS
PERIOD
1.10.21
YEAR ENDED TO
31.3.24 31.3.23
£    £   
Wages and salaries 3,257,175 4,104,121
Social security costs 242,650 272,015
Other pension costs 46,577 62,395
3,546,402 4,438,531

The average number of employees during the year was as follows:
PERIOD
1.10.21
YEAR ENDED TO
31.3.24 31.3.23

Management, nursing and administrative 94 79

PERIOD
1.10.21
YEAR ENDED TO
31.3.24 31.3.23
£    £   
Directors' remuneration - -

5. OPERATING LOSS

The operating loss is stated after charging:

PERIOD
1.10.21
YEAR ENDED TO
31.3.24 31.3.23
£    £   
Hire of plant and machinery 52,152 64,697
Other operating leases 1,392,859 1,150,085
Depreciation - owned assets 236,513 171,079
Auditors' remuneration 3,600 -
Auditors' remuneration
- non-audit services 3,600 -
Accountancy services - 7,200

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INTEREST PAYABLE AND SIMILAR EXPENSES
PERIOD
1.10.21
YEAR ENDED TO
31.3.24 31.3.23
£    £   
Other interest - 52,418
Interest on late payment
of tax 5,438 10,030
5,438 62,448

7. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 March 2024 nor for the period ended 31 March 2023.

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:

PERIOD
1.10.21
YEAR ENDED TO
31.3.24 31.3.23
£    £   
Loss before tax (1,038,346 ) (1,279,253 )
Loss multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

(259,587

)

(243,058

)

Effects of:
Capital allowances in excess of depreciation (99,130 ) (192,447 )
Surrendered to group 358,717 225,961
Losses brought forward - (39,925 )
Losses carried forward - 249,469
Total tax charge - -

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 999,303 18,734 18,078 110,476 1,146,591
Additions 253,014 165,996 167,768 32,316 619,094
At 31 March 2024 1,252,317 184,730 185,846 142,792 1,765,685
DEPRECIATION
At 1 April 2023 134,221 335 452 36,071 171,079
Charge for year 164,927 26,096 15,696 29,794 236,513
At 31 March 2024 299,148 26,431 16,148 65,865 407,592
NET BOOK VALUE
At 31 March 2024 953,169 158,299 169,698 76,927 1,358,093
At 31 March 2023 865,082 18,399 17,626 74,405 975,512

9. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 525,122 357,565
Other debtors 1,883 3,800
Prepayments and accrued income 170,046 180,651
697,051 542,016

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,014,310 12,044

Aggregate amounts 1,711,361 554,060

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 474,643 454,978
Social security and other taxes 255,159 226,827
Other creditors 291,717 225,300
Accruals and deferred income 153,240 101,673
1,174,759 1,008,778

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 5,706,356 3,313,787

HAILSHAM HOUSE AND OPERATIONS LIMITED (REGISTERED NUMBER: 10964855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,262,000 1,262,000
Between one and five years 5,051,000 5,051,000
In more than five years 6,519,000 7,781,000
12,832,000 14,094,000

13. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

14. PENSION COMMITMENTS

The company contributes to workplace pension schemes for the benefit of its employees. The assets of the schemes are held in independent funds. At the balance sheet date, £10,698 was payable to these funds (2023: £16,257).

15. PARENT COMPANIES

The Company's immediate parent is Aurem Care (Alium) Limited, incorporated in England and Wales, whose registered office is at 5th Floor, 167-169 Great Portland Street, London, W1W 5PF.

Aurem Care Group Limited is the Company's most proximate parent preparing consolidated financial statements, copies of which are available from Companies House, Crown Way, Cardiff CF14 3UZ. Aurem Care Group Limited's registered office is at 5th Floor, 167-169 Great Portland Street, London, W1W 5PF.

The Company's ultimate controlling party is Gresham House plc, whose registered office is at 5 New Street Square, London EC4A 3TW and its consolidated financial statements are available from Companies House,Crown Way, Cardiff CF14 3UZ.

16. GUARANTEES SUPPORTED BY CHARGES OVER ASSETS

Aurem Care (Alium) Limited has guaranteed the Company's liabilities and those of its associate Kettlewell House and Operations Limited to Hailsham House (New Road) Limited and Kettlewell House Limited by virtue of fixed and floating charges over all the property and undertakings of the Company.