IRIS Accounts Production v24.3.0.553 10355093 Board of Directors 1.1.24 31.12.24 31.12.24 28.3.2025 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103550932023-12-31103550932024-12-31103550932024-01-012024-12-31103550932022-12-31103550932023-01-012023-12-31103550932023-12-3110355093ns15:EnglandWales2024-01-012024-12-3110355093ns14:PoundSterling2024-01-012024-12-3110355093ns10:Director12024-01-012024-12-3110355093ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3110355093ns10:SmallEntities2024-01-012024-12-3110355093ns10:Audited2024-01-012024-12-3110355093ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3110355093ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3110355093ns10:FullAccounts2024-01-012024-12-3110355093ns10:Director22024-01-012024-12-3110355093ns10:Director32024-01-012024-12-3110355093ns10:RegisteredOffice2024-01-012024-12-3110355093ns5:CurrentFinancialInstruments2024-12-3110355093ns5:CurrentFinancialInstruments2023-12-3110355093ns5:Non-currentFinancialInstruments2024-12-3110355093ns5:Non-currentFinancialInstruments2023-12-3110355093ns5:ShareCapital2024-12-3110355093ns5:ShareCapital2023-12-3110355093ns5:RetainedEarningsAccumulatedLosses2024-12-3110355093ns5:RetainedEarningsAccumulatedLosses2023-12-3110355093ns5:PlantMachinery2024-01-012024-12-3110355093ns5:LandBuildings2023-12-3110355093ns5:PlantMachinery2023-12-3110355093ns5:LandBuildings2024-01-012024-12-3110355093ns5:LandBuildings2024-12-3110355093ns5:PlantMachinery2024-12-3110355093ns5:LandBuildings2023-12-3110355093ns5:PlantMachinery2023-12-3110355093ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3110355093ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 10355093 (England and Wales)















Financial Statements

for the Year Ended 31 December 2024

for

RDCP Care One Limited

RDCP Care One Limited (Registered number: 10355093)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RDCP Care One Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Ms I Dubylovska
S Rizvi
Mrs R A Howell





REGISTERED OFFICE: Rdcp Care
86 Bearwood Road
Smethwick
Birmingham
B66 4HN





BUSINESS ADDRESS: Kings Bromley Care Home
Manor Park
Kings Bromley
Burton-on-Trent
Staffordshire
DE13 7JA





REGISTERED NUMBER: 10355093 (England and Wales)





AUDITORS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

RDCP Care One Limited (Registered number: 10355093)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,166,320 1,016,466

CURRENT ASSETS
Debtors 6 537,922 1,415,580
Cash at bank and in hand 44,694 18,398
582,616 1,433,978
CREDITORS
Amounts falling due within one year 7 (397,137 ) (428,396 )
NET CURRENT ASSETS 185,479 1,005,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,351,799

2,022,048

CREDITORS
Amounts falling due after more than one
year

8

(644,798

)

(931,652

)
NET ASSETS 1,707,001 1,090,396

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,707,000 1,090,395
SHAREHOLDERS' FUNDS 1,707,001 1,090,396

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 Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





S Rizvi - Director


RDCP Care One Limited (Registered number: 10355093)

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

1. STATUTORY INFORMATION

RDCP Care One 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

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 - 20% on cost

In the year ended 31 December 2024, the freehold property was revalued and therefore no depreciation has been charged in the year.

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.

RDCP Care One Limited (Registered number: 10355093)

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

3. ACCOUNTING POLICIES - continued

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.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues ot adopt the going concern basis in preparing its financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 53 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 1,152,105 269,772 1,421,877
Additions 8,460 5,229 13,689
Revaluations 997,895 - 997,895
At 31 December 2024 2,158,460 275,001 2,433,461
DEPRECIATION
At 1 January 2024 138,270 267,141 405,411
Revaluation adjustments (138,270 ) - (138,270 )
At 31 December 2024 - 267,141 267,141
NET BOOK VALUE
At 31 December 2024 2,158,460 7,860 2,166,320
At 31 December 2023 1,013,835 2,631 1,016,466

Cost or valuation at 31 December 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 997,895 - 997,895
Cost 1,160,565 275,001 1,435,566
2,158,460 275,001 2,433,461

RDCP Care One Limited (Registered number: 10355093)

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

5. TANGIBLE FIXED ASSETS - continued

If freehold land and property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,160,565 1,152,105
Aggregate depreciation 159,386 138,270

Freehold land and buildings were valued on an open market basis on 29 January 2024 by Knight Frank LLP (RICS Registered Valuer) .

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 128,878 76,219
Amounts owed by group undertakings 350,825 1,197,493
Other debtors 58,219 18,898
537,922 1,292,610

Amounts falling due after more than one year:
Amounts owed by group undertakings - 122,970

Aggregate amounts 537,922 1,415,580

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 60,170 86,634
Taxation and social security 202,358 187,537
Other creditors 134,609 154,225
397,137 428,396

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 644,798 931,652

9. SECURED DEBTS

Barclays Bank plc holds two fixed and floating charges over the assets including Kings Bromley Care Home, Manor Park, Kings Bromley, DE13 7JA, dated 29 April 2020 and 2 April 2024, which can be enforced on demand.

RDCP Care One Limited (Registered number: 10355093)

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

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna D Ault FCCA ACA (Senior Statutory Auditor)
for and on behalf of Tomkinson Teal (Lichfield) LLP

11. CONTINGENT LIABILITIES

The company is bound by an intra-group cross guarantee in respect of bank debt with other members of the group headed by its ultimate parent, RDCP Care Holdings Limited. The amount guaranteed is £15,515,500 (2023 - £14,350,513)

12. ULTIMATE CONTROLLING PARTY

The company's ultimate parent company was RDCP Care Limited, incorporated in England and Wales.

On 2 April 2024 RDCP Care One Limited became a wholly owned subsidiary of RDCP Care Holdings Limited. There is no change in the controlling shareholders and directors.