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REGISTERED NUMBER: 04161913 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

Ashdown Care Ltd
Group Accounts

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company information 1

Group strategic report 2

Report of the director 3

Report of the independent auditors 4

Consolidated income statement 8

Consolidated other comprehensive income 9

Consolidated balance sheet 10

Company balance sheet 11

Consolidated statement of changes in equity 12

Company statement of changes in equity 13

Consolidated cash flow statement 14

Notes to the consolidated cash flow statement 15

Notes to the consolidated financial statements 16


Ashdown Care Ltd
Group Accounts

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: A S Pradhan



SECRETARY: Mrs N Pradhan



REGISTERED OFFICE: C/O Mcak & Co, 1st Floor,
Princeton Mews
167-169 London Road
Kingston Upon Thames
Surrey
LT2 6PT



REGISTERED NUMBER: 04161913 (England and Wales)



SENIOR STATUTORY AUDITOR: Fahreen Meghani



AUDITORS: Fairman Harris
Chartered Accountants
Registered Auditors
1 Landor Road
London
SW9 9RX

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

GROUP STRATEGIC REPORT
for the Year Ended 30 June 2024

The director presents his strategic report of the company and the group for the year ended 30 June 2024.

REVIEW OF BUSINESS
In the opinion of the director, the company has achieved good results of the year under review.

The results and the position of the group are shown in the financial statements. The results at the end of the year and the level of business during the year were satisfactory and the director expects to maintain the level of activity for the foreseeable future.

The turnover for the year to 30 June,2024 is likely be consistent and with tight control on the expenditure, profitability will continue at satisfactory level.
£ £
Turnover 10,644,991 10,020,209
Profit before taxation 2,905,258 1,236,050
Gross profit 4,321,318 4,408,631
Gross profit percentage 40.6% 43.99%

Shareholders' funds amount to £13,198,001(2023- £11,032,322).The director is confident that the company sufficient funds to finance the anticipated levels of activity.

There have been no events since the balance sheet date that materially affect the financial position of the company.

PRINCIPAL RISKS AND UNCERTAINTIES
Like all Nursling home businesses, Ashdown Care Group faces a number of operating risks and uncertainties. The risk that could impact the group's long term performance and steps are taken to evaluate these in order to
achieve the group's objective of long term sustainable returns.

The fundamental risks faced are compliance with the regulatory requirements, negative publicity if any serious incident were to happen, occupany levels and weekly fee level to maintain profit margins and attracting and retaining good qualified staff.

ON BEHALF OF THE BOARD:





A S Pradhan - Director


31 March 2025

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

REPORT OF THE DIRECTOR
for the Year Ended 30 June 2024

The director presents his report with the financial statements of the company and the group for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of owning and managing nursing homes.

DIVIDENDS
No dividends will be distributed for the year ended 30 June 2024.

DIRECTOR
A S Pradhan held office during the whole of the period from 1 July 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group strategic report, the Report of the director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he 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 group's auditors are aware of that information.

AUDITORS
The auditors, Fairman Harris, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A S Pradhan - Director


31 March 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHDOWN CARE LTD
GROUP ACCOUNTS

Opinion
We have audited the financial statements of Ashdown Care Ltd Group Accounts (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2024 which comprise the Consolidated income statement, Consolidated other comprehensive income, Consolidated balance sheet, Company balance sheet, Consolidated statement of changes in equity, Company statement of changes in equity, Consolidated cash flow statement and Notes to the consolidated 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 group's and of the parent company affairs as at 30 June 2024 and of the group's 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 group 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 director's 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 group's and the parent 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 director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group strategic report and the Report of the director, 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.

Other matters
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group strategic report and the Report of the director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group strategic report and the Report of the director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHDOWN CARE LTD
GROUP ACCOUNTS


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Report of the director.

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of director's responsibilities set out on page three, the director is 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 director determines 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 director is responsible for assessing the group's and the parent 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 director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHDOWN CARE LTD
GROUP ACCOUNTS


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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management. We gained an understanding of the legal and regulatory framework applicable to the Union and the industry in which it operates, drawing on our broad sector experience, and considered the risk of acts by the Union that were contrary to these laws and regulations, including fraud. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Trade Union and Labour Relations (Consolidation) Act 1992, UK tax legislation and equivalent local laws and regulations. We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of the Central Executive Council meetings, minutes of regional meetings held, legal reports provided to the Central Executive Council and correspondence between the Union and its solicitors. We completed a sample of branch audit reviews with a focus on the income, expenditure and cash balances throughout the period to ensure that activities were supported and in line with Union rules and practices. Any unusual findings were raised with the regional secretaries for further investigation. Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. As in all of our audits, we also addressed the risk of management override of internal controls including testing journals and evaluation whether there was evidence of bias by the Central Executive Council that represented a risk of material misstatement due to fraud. Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognizing that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councils website at: www.frc.org.uk/auditors responsibilities. This description forms part of our auditor’s report.

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
ASHDOWN CARE LTD
GROUP ACCOUNTS


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.




Fahreen Meghani (Senior Statutory Auditor)
for and on behalf of Fairman Harris
Chartered Accountants
Registered Auditors
1 Landor Road
London
SW9 9RX

31 March 2025

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

CONSOLIDATED INCOME STATEMENT
for the Year Ended 30 June 2024

30.6.24 30.6.23
Notes £    £   

TURNOVER 10,644,991 10,020,209

Cost of sales 6,323,673 5,611,578
GROSS PROFIT 4,321,318 4,408,631

Administrative expenses 1,688,529 3,156,264
2,632,789 1,252,367

Other operating income 317,047 93,099
OPERATING PROFIT 4 2,949,836 1,345,466

Interest receivable and similar income 128,702 28,597
3,078,538 1,374,063

Interest payable and similar expenses 5 173,280 138,013
PROFIT BEFORE TAXATION 2,905,258 1,236,050

Tax on profit 6 739,579 (130,623 )
PROFIT FOR THE FINANCIAL YEAR 2,165,679 1,366,673
Profit attributable to:
Owners of the parent 2,165,679 1,366,673

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
for the Year Ended 30 June 2024

30.6.24 30.6.23
Notes £    £   

PROFIT FOR THE YEAR 2,165,679 1,366,673


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

2,165,679

1,366,673

Total comprehensive income attributable to:
Owners of the parent 2,165,679 1,366,673

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

CONSOLIDATED BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 3,501,155 3,508,400
Tangible assets 9 4,501,807 4,513,531
Investments 10 - -
Investment property 11 883,425 883,425
8,886,387 8,905,356

CURRENT ASSETS
Debtors 12 6,768,618 5,270,238
Cash at bank and in hand 2,427,939 3,836,786
9,196,557 9,107,024
CREDITORS
Amounts falling due within one year 13 3,076,201 4,622,870
NET CURRENT ASSETS 6,120,356 4,484,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,006,743

13,389,510

CREDITORS
Amounts falling due after more than one
year

14

1,808,742

2,357,188
NET ASSETS 13,198,001 11,032,322

CAPITAL AND RESERVES
Called up share capital 17 600 600
Retained earnings 18 13,197,401 11,031,722
SHAREHOLDERS' FUNDS 13,198,001 11,032,322

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:





A S Pradhan - Director


Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

COMPANY BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - 7,245
Tangible assets 9 3,353,846 3,321,440
Investments 10 3,503,155 3,503,155
Investment property 11 883,425 883,425
7,740,426 7,715,265

CURRENT ASSETS
Debtors 12 6,277,698 4,950,581
Cash at bank and in hand 2,328,919 3,405,559
8,606,617 8,356,140
CREDITORS
Amounts falling due within one year 13 3,370,882 4,600,840
NET CURRENT ASSETS 5,235,735 3,755,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,976,161

11,470,565

CREDITORS
Amounts falling due after more than one
year

14

1,774,946

2,318,299
NET ASSETS 11,201,215 9,152,266

CAPITAL AND RESERVES
Called up share capital 17 600 600
Retained earnings 18 11,200,615 9,151,666
SHAREHOLDERS' FUNDS 11,201,215 9,152,266

Company's profit for the financial year 2,048,949 1,251,958

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:





A S Pradhan - Director


Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
for the Year Ended 30 June 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 July 2022 600 9,665,049 9,665,649

Changes in equity
Total comprehensive income - 1,366,673 1,366,673
Balance at 30 June 2023 600 11,031,722 11,032,322

Changes in equity
Total comprehensive income - 2,165,679 2,165,679
Balance at 30 June 2024 600 13,197,401 13,198,001

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

COMPANY STATEMENT OF CHANGES IN EQUITY
for the Year Ended 30 June 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 July 2022 600 7,899,708 7,900,308

Changes in equity
Total comprehensive income - 1,251,958 1,251,958
Balance at 30 June 2023 600 9,151,666 9,152,266

Changes in equity
Total comprehensive income - 2,048,949 2,048,949
Balance at 30 June 2024 600 11,200,615 11,201,215

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

CONSOLIDATED CASH FLOW STATEMENT
for the Year Ended 30 June 2024

30.6.24 30.6.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (2,055,070 ) 1,094,047
Interest paid (173,280 ) (138,013 )
Tax paid (687,199 ) (1,133,216 )
Net cash from operating activities (2,915,549 ) (177,182 )

Cash flows from investing activities
Purchase of tangible fixed assets (147,422 ) (101,237 )
Purchase of investment property - (387,334 )
Sale of tangible fixed assets - 14,958
Interest received 128,702 28,597
Net cash from investing activities (18,720 ) (445,016 )

Cash flows from financing activities
Amount introduced by directors (644 ) (9,590 )
Loans advanced 1,526,066 965,339
Net cash from financing activities 1,525,422 955,749

(Decrease)/increase in cash and cash equivalents (1,408,847 ) 333,551
Cash and cash equivalents at
beginning of year

2

3,836,786

3,503,235

Cash and cash equivalents at end of
year

2

2,427,939

3,836,786

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
for the Year Ended 30 June 2024

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

30.6.24 30.6.23
£    £   
Profit before taxation 2,905,258 1,236,050
Depreciation charges 131,331 155,048
Profit on disposal of fixed assets - (12,904 )
Finance costs 173,280 138,013
Finance income (128,702 ) (28,597 )
3,081,167 1,487,610
Increase in trade and other debtors (3,124,808 ) (503,928 )
(Decrease)/increase in trade and other creditors (2,011,429 ) 110,365
Cash generated from operations (2,055,070 ) 1,094,047

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 30 June 2024
30.6.24 1.7.23
£    £   
Cash and cash equivalents 2,427,939 3,836,786
Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 3,836,786 3,503,235


3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.7.23 Cash flow At 30.6.24
£    £    £   
Net cash
Cash at bank and in hand 3,836,786 (1,408,847 ) 2,427,939
3,836,786 (1,408,847 ) 2,427,939
Debt
Debts falling due within 1 year (596,733 ) (222,345 ) (819,078 )
Debts falling due after 1 year (2,357,188 ) 763,446 (1,593,742 )
(2,953,921 ) 541,101 (2,412,820 )
Total 882,865 (867,746 ) 15,119

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ashdown Care Ltd Group Accounts 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 General 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 1% on cost
Improvements to property - 1% on cost
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment properties are stated at fair value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.


Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 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.

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

3. EMPLOYEES AND DIRECTORS
30.6.24 30.6.23
£    £   
Wages and salaries 5,449,446 4,865,169
Social security costs 432,575 336,270
Other pension costs 75,967 77,959
5,957,988 5,279,398

The average number of employees during the year was as follows:
30.6.24 30.6.23

Administration,management & finance 12 12
Care & Nursing 199 187
Kitchen & other services 39 37
250 236

The average number of employees by undertakings that were proportionately consolidated during the year was 250 (2023 - 236 ) .

30.6.24 30.6.23
£    £   
Director's remuneration - -

4. OPERATING PROFIT

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

30.6.24 30.6.23
£    £   
Depreciation - owned assets 124,087 125,672
Profit on disposal of fixed assets - (12,904 )
Goodwill amortisation 7,245 29,376
Audit fees 18,000 30,000

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. INTEREST PAYABLE AND SIMILAR EXPENSES
30.6.24 30.6.23
£    £   
Bank loan interest 173,280 138,013

6. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
30.6.24 30.6.23
£    £   
Current tax:
UK corporation tax 739,579 538,677

Deferred tax - (669,300 )
Tax on profit 739,579 (130,623 )

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income statement of the parent company is not presented as part of these financial statements.


8. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 5,522,103
AMORTISATION
At 1 July 2023 2,013,703
Amortisation for year 7,245
At 30 June 2024 2,020,948
NET BOOK VALUE
At 30 June 2024 3,501,155
At 30 June 2023 3,508,400

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

8. INTANGIBLE FIXED ASSETS - continued

Company
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 587,504
AMORTISATION
At 1 July 2023 580,259
Amortisation for year 7,245
At 30 June 2024 587,504
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 7,245

9. TANGIBLE FIXED ASSETS

Group
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 4,167,867 916,049 1,136,603
Additions - 76,021 8,826
Impairments - (23,072 ) -
At 30 June 2024 4,167,867 968,998 1,145,429
DEPRECIATION
At 1 July 2023 740,372 85,897 1,075,344
Charge for year 36,001 9,690 17,522
Impairments - (1,716 ) -
At 30 June 2024 776,373 93,871 1,092,866
NET BOOK VALUE
At 30 June 2024 3,391,494 875,127 52,563
At 30 June 2023 3,427,495 830,152 61,259

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. TANGIBLE FIXED ASSETS - continued

Group

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 1,008,080 11,000 83,768 7,323,367
Additions 48,116 - 14,459 147,422
Impairments (31,914 ) - - (54,986 )
At 30 June 2024 1,024,282 11,000 98,227 7,415,803
DEPRECIATION
At 1 July 2023 849,901 11,000 47,322 2,809,836
Charge for year 48,148 - 12,726 124,087
Impairments (18,211 ) - - (19,927 )
At 30 June 2024 879,838 11,000 60,048 2,913,996
NET BOOK VALUE
At 30 June 2024 144,444 - 38,179 4,501,807
At 30 June 2023 158,179 - 36,446 4,513,531

Company
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 3,013,251 723,551 1,019,524
Additions - 71,104 7,208
At 30 June 2024 3,013,251 794,655 1,026,732
DEPRECIATION
At 1 July 2023 549,507 53,359 967,921
Charge for year 30,132 7,947 14,703
At 30 June 2024 579,639 61,306 982,624
NET BOOK VALUE
At 30 June 2024 2,433,612 733,349 44,108
At 30 June 2023 2,463,744 670,192 51,603

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. TANGIBLE FIXED ASSETS - continued

Company

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 712,042 11,000 77,707 5,557,075
Additions 40,796 - 13,673 132,781
At 30 June 2024 752,838 11,000 91,380 5,689,856
DEPRECIATION
At 1 July 2023 610,989 11,000 42,859 2,235,635
Charge for year 35,463 - 12,130 100,375
At 30 June 2024 646,452 11,000 54,989 2,336,010
NET BOOK VALUE
At 30 June 2024 106,386 - 36,391 3,353,846
At 30 June 2023 101,053 - 34,848 3,321,440

10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 3,503,155
NET BOOK VALUE
At 30 June 2024 3,503,155
At 30 June 2023 3,503,155

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

10. FIXED ASSET INVESTMENTS - continued

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

Subsidiaries

Knightingale Care Ltd
Registered office: C/O Mcak & Co, No15, 1st Floor, Princeton Mews,167-169 London Road, Kingston Upon Thames.Surrey. KT2 6PT
Nature of business: Nursing Home
%
Class of shares: holding
Ordinary shares 100.00
30.6.24 30.6.23
£    £   
Aggregate capital and reserves 1,808,350 1,655,204
Profit for the year 153,146 114,715

Ridgewood Care Ltd
Registered office: C/O Mcak & Co, No15,1st Floor, Princeton Mews, 167-169 London Road Kingston Upon Thames. Surrey. KT2 6PT
Nature of business: Dormant
%
Class of shares: holding
Ordinary shares 100.00
30.6.24 30.6.23
£    £   
Aggregate capital and reserves 190,436 226,852
Loss for the year (36,416 ) -


11. INVESTMENT PROPERTY

The investment properties are stated at fair value.

Company
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 883,425
NET BOOK VALUE
At 30 June 2024 883,425
At 30 June 2023 883,425

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

12. DEBTORS

Group Company
30.6.24 30.6.23 30.6.24 30.6.23
£    £    £    £   
Amounts falling due within one year:
Trade debtors 280,412 66,141 204,572 27,178
Amounts owed by group undertakings - - 328,248 328,248
Amounts owed by participating interests - 215,522 - -
Other debtors 358,294 396,022 - 3,402
Other Loans 4,000,000 1,050,000 4,000,000 1,050,000
Prepayments 58,556 60,291 55,680 60,291
4,697,262 1,787,976 4,588,500 1,469,119

Amounts falling due after more than one year:
Amounts owed by associates 1,401,256 2,812,162 1,019,898 2,812,162
Other debtors 800 800 - -
Deferred Tax 669,300 669,300 669,300 669,300
2,071,356 3,482,262 1,689,198 3,481,462

Aggregate amounts 6,768,618 5,270,238 6,277,698 4,950,581

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.6.24 30.6.23 30.6.24 30.6.23
£    £    £    £   
Bank loans and overdrafts (see note 15) 819,078 596,733 819,078 596,733
Trade creditors 214,791 227,024 157,093 195,532
Amounts owed to group undertakings - - 861,933 274,493
Amounts owed to participating interests 190,679 - - -
Tax 963,954 911,574 871,539 842,492
Social security and other taxes 105,791 101,563 90,822 90,219
Other creditors 464,860 2,530,889 394,697 2,474,675
Other creditors - 2,816 - 2,816
Company credit card 175 712 175 712
Directors' current accounts 99,109 99,753 - 523
Accruals and deferred income 131,045 89,165 131,045 89,165
Accrued expenses 86,719 62,641 44,500 33,480
3,076,201 4,622,870 3,370,882 4,600,840

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
30.6.24 30.6.23 30.6.24 30.6.23
£    £    £    £   
Bank loans (see note 15) 1,593,742 2,357,188 1,559,946 2,318,299
Amounts owed to associates 215,000 - 215,000 -
1,808,742 2,357,188 1,774,946 2,318,299

15. LOANS

An analysis of the maturity of loans is given below:

Group Company
30.6.24 30.6.23 30.6.24 30.6.23
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 819,078 596,733 819,078 596,733
Amounts falling due between one and two years:
Bank loans - 1-2 years 1,532,099 2,284,885 1,532,099 2,284,885
Amounts falling due between two and five years:
Bank loans - 2-5 years 27,847 - 27,847 -
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 33,796 72,303 - 33,414

16. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
30.6.24 30.6.23 30.6.24 30.6.23
£    £    £    £   
Bank loans 2,412,820 - 2,379,024 2,915,032

A debenture from Ashdown Care Ltd.

A legal charge from Ashdown Care Ltd over the freehold property at Ashdown Care Centre, Orkney Mews Tiverton Devon EX16 6SJ, freehold property at Culm Valley Care centre, Gravel Walk, Cullompton. Devon EX15 1DA and Freehold property at Knappe Cross Community centre, Brixinton Lane,Exmouth. Devon EX8 5DL.

The loan is repayable in 48 instalments with an interest rate of 1.25% per annum over the Bank of England Base Rate.

Ashdown Care Ltd
Group Accounts (Registered number: 04161913)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
600 Ordinary shares 1 600 600

18. RESERVES

Group
Retained
earnings
£   

At 1 July 2023 11,031,722
Profit for the year 2,165,679
At 30 June 2024 13,197,401

Company
Retained
earnings
£   

At 1 July 2023 9,151,666
Profit for the year 2,048,949
At 30 June 2024 11,200,615


19. RELATED PARTY DISCLOSURES

Other related parties
30.6.24 30.6.23
£    £   
Amount due from related party 1,759,550 3,002,556
Amount due to related party 2,253,371 -

During the year,the company paid £89,042 to Paradedown Ltd and £8,304 to Paris Care Ltd for office services, companies under the control of the director.

20. ULTIMATE CONTROLLING PARTY

The controlling party is A S Pradhan.

The ultimate controlling party is A S Pradhan.

21. OTHER DEBTORS

Other debtors include loans of £3,600,000 made to third parties, which are secured over the assets of those companies.