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REGISTERED NUMBER: 05394231 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Sage Care Homes Holdings Limited

Sage Care Homes Holdings Limited (Registered number: 05394231)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sage Care Homes Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: O Ahmad





SECRETARY: O Ahmad





REGISTERED OFFICE: 52 The Drive
South Woodford
London
E18 2BJ





REGISTERED NUMBER: 05394231 (England and Wales)





ACCOUNTANTS: Oscroft & Co Limited
41 Tyninghame Avenue
Tettenhall
Wolverhampton
West Midlands
WV6 9PP

Sage Care Homes Holdings Limited (Registered number: 05394231)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 597 158
Investments 5 1,917,159 1,917,159
1,917,756 1,917,317

CURRENT ASSETS
Debtors 6 126,992 137,467
Cash at bank - 2,538
126,992 140,005
CREDITORS
Amounts falling due within one year 7 1,767,735 1,695,371
NET CURRENT LIABILITIES (1,640,743 ) (1,555,366 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,013

361,951

PROVISIONS FOR LIABILITIES 149 59
NET ASSETS 276,864 361,892

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 275,864 360,892
SHAREHOLDERS' FUNDS 276,864 361,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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

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

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

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





O Ahmad - Director


Sage Care Homes Holdings Limited (Registered number: 05394231)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Sage Care Homes Holdings 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 4 ) .

Sage Care Homes Holdings Limited (Registered number: 05394231)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 4,102 299 4,401
Additions - 718 718
At 30 June 2024 4,102 1,017 5,119
DEPRECIATION
At 1 July 2023 3,944 299 4,243
Charge for year 40 239 279
At 30 June 2024 3,984 538 4,522
NET BOOK VALUE
At 30 June 2024 118 479 597
At 30 June 2023 158 - 158

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 1,917,159
NET BOOK VALUE
At 30 June 2024 1,917,159
At 30 June 2023 1,917,159

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by participating interests 126,992 137,467

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 13 -
Amounts owed to group undertakings 1,423,836 1,341,381
Amounts owed to participating interests 335,988 346,988
Taxation and social security 1,018 2,507
Other creditors 6,880 4,495
1,767,735 1,695,371

8. ULTIMATE CONTROLLING PARTY

The controlling party is O Ahmad.

The ultimate controlling party is O Ahmad.