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REGISTERED NUMBER: 15485088 (England and Wales)
















Group Strategic Report,

Report of the Director and

Consolidated Financial Statements

for the Period

12 February 2024 to 31 December 2024


for



RDCP Care Holdings Limited



RDCP Care Holdings Limited (Registered number: 15485088)








Contents of the Consolidated Financial Statements

for the Period 12 February 2024 to 31 December 2024





Page




Company Information  

1




Group Strategic Report  

2




Report of the Director  

3




Report of the Independent Auditors  

5




Consolidated Statement of Income and Retained Earnings  

8




Consolidated Balance Sheet  

9




Company Balance Sheet  

10




Consolidated Cash Flow Statement  

11




Notes to the Consolidated Cash Flow Statement

12




Notes to the Consolidated Financial Statements

13





RDCP Care Holdings Limited



Company Information

for the Period 12 February 2024 to 31 December 2024









DIRECTOR:

S Rizvi







REGISTERED OFFICE:

86 Bearwood Road


Smethwick


Birmingham


B66 4HN







REGISTERED NUMBER:

15485088 (England and Wales)







AUDITORS:

Tomkinson Teal (Lichfield) LLP


Hanover Court


5 Queen Street


Lichfield


Staffordshire


WS13 6QD



RDCP Care Holdings Limited (Registered number: 15485088)



Group Strategic Report

for the Period 12 February 2024 to 31 December 2024


The principal activity of the company is that of a holding company. The principal activity of the group is that of providing residential, nursing and dementia care services.


REVIEW OF BUSINESS

The results for the year, which are set out in the profit and loss account, show turnover of £9,970,500 and an operating loss of £346,910. At 31 December 2024, the group had total assets less current liabilities of £21,079,394. The directors consider the performance for the year and the financial position at the year end to be satisfactory.

Given the nature of the business, the group's directors are of the opinion that key performance indicators are important. The group uses a number of indicators to monitor and improve development, performance or the position of the business. Indicators are reviewed and altered to meet changes both in the internal and external environments. The directors do not consider the inclusion of an analysis using key performance indicators to be necessary to assist users of the financial statements in their understanding of the financial performance or position of the group.


During the period ended 31 December 2024, RDCP Care Holdings Limited purchased the investments held by RDCP Care Limited to become the new parent company to the group.


PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the group's strategy are subject to a number of risks. The key business risks and uncertainties affecting the group are considered to relate to the continued provision of adequate government funding and the ongoing compliance with current and future legislation affecting the sector.


SECTION 172(1) STATEMENT

The Board of Directors confirm it has performed its duties in respect of section 172 of the Companies act 2006.

Specifically, the Board has considered long term factors that affect the Group's strategic directions.

The Board has engaged with its stakeholders, which assist the board in its decision-making process and in fulfilling its duty to promote the success of the Group as set out in Section 172


The Board has fulfilled their duties as follows:


On an ongoing basis, the board assess the major risks affecting the Group and develop appropriate responses to address those risks in an efficient and affective manner. This is taken into consideration when setting goals, budgets and forecasting financial performance. This ensures that the Group understands the financial impact of these risks and can respond to them on a timely basis.


Employees are a key to RDCP Care Holdings Ltd's success. The Group engages with employees on a regular basis. Manager and Director meetings are held to cover a range of topics such as Health & Safety, financial performance, training and compliance. The group monitors staff turnover and performance to understand staff progression within the business.


The Group invests in the future of the business and has a successful mentoring plan to encourage young people into the Group.


RDCP Care Holdings Ltd aims to exceed its customers' expectations. We do this through communication and building strong business relationships with our clients. We further promote RDCP Care Holdings Ltd closely with our suppliers and our local communities. We understand our responsibility with our community and work hard to show how important that relationship is to the Group.


ON BEHALF OF THE BOARD:






S Rizvi - Director



28 March 2025



RDCP Care Holdings Limited (Registered number: 15485088)



Report of the Director

for the Period 12 February 2024 to 31 December 2024


The director presents his report with the financial statements of the company and the group for the period 12 February 2024 to 31 December 2024.


INCORPORATION

The group was incorporated on 12 February 2024 and commenced trading on the same date.


DIVIDENDS

The total distribution of dividends for the period ended 31 December 2024 will be £ 1,600,000 .


DIRECTOR

S Rizvi was appointed as a director on 12 February 2024 and held office during the whole of the period from then to the date of this report.


The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.


EMPLOYMENT OF DISABLED PERSONS

The Group's policy is to consider the recruitment of disabled workers for those vacancies that they are able to fill. All  necessary assistance with initial training courses are given. Once employed, a career plan is developed so as to ensure suitable opportunities for each disabled person. Arrangements are made, wherever possible, for retraining employees who become disabled, to enable them to perform work identified as appropriate to their aptitudes and abilities.


EMPLOYEE INVOLVEMENT

The group encourages the involvement of employees in its management through regular departmental meetings.


FUTURE DEVELOPMENTS

The external environment is expected to remain competitive going forward, however the directors remain confident that the group will improve on its current level of performance in the future.


FINANCIAL INSTRUMENTS


Price risk, credit risk, liquidity risk and cash flow risk

The group is exposed to the usual credit and cashflow risk associated with selling on credit and manages this though credit control procedures. Credit risk in respect of bank balances is safeguarded by using banks with high credit ratings. The group's bank loans are subject to price and liquidity risk as detailed in the note 6 to the financial statements.


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.



RDCP Care Holdings Limited (Registered number: 15485088)



Report of the Director

for the Period 12 February 2024 to 31 December 2024



AUDITORS

The auditors,  Tomkinson Teal (Lichfield) LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.


ON BEHALF OF THE BOARD:






S Rizvi - Director



28 March 2025


Report of the Independent Auditors to the Members of

RDCP Care Holdings Limited


Opinion

We have audited the financial statements of RDCP Care Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 December 2024 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, 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 31 December 2024 and of the group's profit for the period 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.


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 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

RDCP Care Holdings Limited



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.


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:


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, through discussion with the directors and other management. We discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

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

RDCP Care Holdings 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.





Susanna Ault FCCA ACA (Senior Statutory Auditor)

for and on behalf of Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD


28 March 2025



RDCP Care Holdings Limited (Registered number: 15485088)



Consolidated

Statement of Income and

Retained Earnings

for the Period 12 February 2024 to 31 December 2024



Notes

£   




TURNOVER

9,970,500





Cost of sales

(7,177,635

)



GROSS PROFIT

2,792,865





Administrative expenses

(3,139,775

)



OPERATING LOSS

5

(346,910

)




Gain/loss on revaluation of tangible assets

9,283,305



8,936,395





Interest payable and similar expenses

6

(1,181,452

)



PROFIT BEFORE TAXATION

7,754,943





Tax on profit

7

-




PROFIT FOR THE FINANCIAL PERIOD

7,754,943






Dividends

9

(1,600,000

)




RETAINED EARNINGS FOR THE GROUP

AT END OF PERIOD

6,154,943





Profit attributable to:


Owners of the parent

7,754,943





RDCP Care Holdings Limited (Registered number: 15485088)



Consolidated Balance Sheet

31 December 2024



Notes

£   



ASSETS



FIXED ASSETS


Intangible assets

10

7,264,067




Tangible assets

11

16,148,617




Investments

12

-



23,412,684





CURRENT ASSETS


Stocks

13

5,800




Debtors

14

916,291




Cash at bank and in hand

280,440



1,202,531



24,615,215





CAPITAL, RESERVES AND LIABILITIES



CAPITAL AND RESERVES


Called up share capital

15

2




Retained earnings

16

6,154,943




SHAREHOLDERS' FUNDS

6,154,945





PROVISIONS FOR LIABILITIES

17

214,949





CREDITORS


Amounts falling due within one year

18

3,535,821




Amounts falling due after more than one year

19

14,709,500



24,615,215




The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:






S Rizvi - Director




RDCP Care Holdings Limited (Registered number: 15485088)



Company Balance Sheet

31 December 2024



Notes

£   



ASSETS



FIXED ASSETS


Intangible assets

10

-




Tangible assets

11

9,057




Investments

12

20,133,130



20,142,187





CURRENT ASSETS


Debtors

14

1,762,616




Cash at bank

64,588



1,827,204



21,969,391





CAPITAL, RESERVES AND LIABILITIES



CAPITAL AND RESERVES


Called up share capital

15

2




Retained earnings

278,800




SHAREHOLDERS' FUNDS

278,802





CREDITORS


Amounts falling due within one year

18

6,981,089




Amounts falling due after more than one year

19

14,709,500



21,969,391





Company's profit for the financial year

1,878,800




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


The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:






S Rizvi - Director




RDCP Care Holdings Limited (Registered number: 15485088)



Consolidated Cash Flow Statement

for the Period 12 February 2024 to 31 December 2024



Notes

£   



Cash flows from operating activities


Cash generated from operations

1

1,284,682




Interest paid

(1,181,452

)



Tax paid

983,433




Net cash from operating activities

1,086,663





Cash flows from investing activities


Purchase of intangible fixed assets

(8,071,186

)



Purchase of tangible fixed assets

(6,895,389

)



Net cash from investing activities

(14,966,575

)




Cash flows from financing activities


New loans in year

16,120,000




Loan repayments in year

(359,650

)



Share issue

2




Equity dividends paid

(1,600,000

)



Net cash from financing activities

14,160,352





Increase in cash and cash equivalents

280,440




Cash and cash equivalents at beginning of

period

2

-





Cash and cash equivalents at end of period

2

280,440





RDCP Care Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Cash Flow Statement

for the Period 12 February 2024 to 31 December 2024


1.

RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS


£   



Profit before taxation

7,754,943




Depreciation charges

837,197




Gain on revaluation of fixed assets

(9,283,305

)



Finance costs

1,181,452



490,287




Increase in stocks

(5,800

)



Increase in trade and other debtors

(935,119

)



Increase in trade and other creditors

1,735,314




Cash generated from operations

1,284,682




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:



Period ended 31 December 2024


31/12/24


12/2/24

£   

£   



Cash and cash equivalents

280,440


-





3.

ANALYSIS OF CHANGES IN NET DEBT



At 12/2/24

Cash flow

At 31/12/24

£   

£   

£   



Net cash



Cash at bank and in hand

-


280,440


280,440



-


280,440


280,440




Debt


Debts falling due within 1 year

-


(806,000

)

(806,000

)



Debts falling due after 1 year

-


(14,709,500

)

(14,709,500

)


-


(15,515,500

)

(15,515,500

)



Total

-


(15,235,060

)

(15,235,060

)




RDCP Care Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Financial Statements

for the Period 12 February 2024 to 31 December 2024


1.

STATUTORY INFORMATION



RDCP Care 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 General Information page.


The presentation currency of the financial statements is the Pound Sterling (£).


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" 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.  



Basis of consolidation


The consolidated group financial statements consist of the financial statements of the parent company, RDCP Care Holdings Limited together with all entities controlled by the parent company (its subsidiaries) and the group's share of its interests in joint ventures and associates.



All financial statements are made up to 31 December 2024. where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.



All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.



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.



Critical accounting judgements and key sources of estimation uncertainty

In the application of the group'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 estimates 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.


RDCP Care Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Financial Statements - continued

for the Period 12 February 2024 to 31 December 2024


3.

ACCOUNTING POLICIES - continued



Turnover


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



Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.
Negative goodwill arising on an acquisition is recognised on the face of the balance sheet on the acquisition date and subsequently the excess up to the fair value of non-monetary assets acquired is recognised in profit or loss in the periods in which the non-monetary assets are recovered.

Amortisation
Amortisation is provided on goodwill so as to write off the cost, less any estimated residual value, over the entities estimated useful life of ten 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

-

2% on cost


Fixtures and fittings

-        

25% on cost, 20% on cost, 15% on cost, 15% on reducing balance and 10% on cost  


Motor vehicles

-  

25% on reducing balance and 15% on cost


Computer equipment

-

33% on cost



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Taxation

Taxation for the period 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.


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 period 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 Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Financial Statements - continued

for the Period 12 February 2024 to 31 December 2024


3.

ACCOUNTING POLICIES - continued



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.



Going concern


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


4.

EMPLOYEES AND DIRECTORS

£   



Wages and salaries

5,436,784




Social security costs

610,030




Other pension costs

137,198



6,184,012





The average number of employees during the period was as follows:



Care

305




Administration and support

7




Directors

1



313





The average number of employees by undertakings that were proportionately consolidated during the period was 306 .


£   



Director's remuneration

-




5.

OPERATING PROFIT



The operating profit is stated after charging:


£   



Depreciation - owned assets

30,078




Goodwill amortisation

807,119




Auditors remuneration  

32,500




6.

INTEREST PAYABLE AND SIMILAR EXPENSES


£   



Bank loan interest

1,181,452




7.

TAXATION



Analysis of the tax charge


No liability to UK corporation tax arose for the period.



RDCP Care Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Financial Statements - continued

for the Period 12 February 2024 to 31 December 2024


8.

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.



9.

DIVIDENDS

£   



Ordinary shares of £1 each



Interim

1,600,000




10.

INTANGIBLE FIXED ASSETS



Group


Goodwill

£   



COST


Additions

8,071,186




At 31 December 2024

8,071,186




AMORTISATION


Amortisation for period

807,119




At 31 December 2024

807,119




NET BOOK VALUE


At 31 December 2024

7,264,067




11.

TANGIBLE FIXED ASSETS



Group


Improvements


Fixtures


Freehold


to


and


property


property


fittings

£   

£   

£   



COST OR VALUATION


At 12 February 2024

9,218,966


9,750


1,647,717




Additions

141,641


86,315


27,848




Revaluations

6,506,035


-


-




At 31 December 2024

15,866,642


96,065


1,675,565




DEPRECIATION


At 12 February 2024

2,777,271


-


1,467,317




Charge for period

-


-


28,031




Revaluation adjustments

(2,777,271

)

-


-




At 31 December 2024

-


-


1,495,348




NET BOOK VALUE


At 31 December 2024

15,866,642


96,065


180,217




At 11 February 2024

6,441,695


9,750


180,400





RDCP Care Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Financial Statements - continued

for the Period 12 February 2024 to 31 December 2024


11.

TANGIBLE FIXED ASSETS - continued



Group



Motor


Computer



vehicles


equipment


Totals

£   

£   

£   



COST OR VALUATION


At 12 February 2024

13,398


6,097


10,895,928




Additions

-


2,297


258,101




Revaluations

-


-


6,506,035




At 31 December 2024

13,398


8,394


17,660,064




DEPRECIATION


At 12 February 2024

12,869


1,183


4,258,640




Charge for period

409


1,638


30,078




Revaluation adjustments

-


-


(2,777,271

)



At 31 December 2024

13,278


2,821


1,511,447




NET BOOK VALUE


At 31 December 2024

120


5,573


16,148,617




At 11 February 2024

529


4,914


6,637,288





Cost or valuation at 31 December 2024 is represented by:



Improvements


Fixtures


Freehold


to


and


property


property


fittings

£   

£   

£   



Valuation in 2024

6,506,035


-


-




Cost

9,360,607


96,065


1,675,565



15,866,642


96,065


1,675,565





Motor


Computer



vehicles


equipment


Totals

£   

£   

£   



Valuation in 2024

-


-


6,506,035




Cost

13,398


8,394


11,154,029



13,398


8,394


17,660,064





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


£   



Cost

9,360,607




Aggregate depreciation

2,777,271





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



RDCP Care Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Financial Statements - continued

for the Period 12 February 2024 to 31 December 2024


11.

TANGIBLE FIXED ASSETS - continued



Company


Fixtures



and


Computer



fittings


equipment


Totals

£   

£   

£   



COST


At 12 February 2024

-


4,914


4,914




Additions

5,781


-


5,781




At 31 December 2024

5,781


4,914


10,695




DEPRECIATION


Charge for period

-


1,638


1,638




At 31 December 2024

-


1,638


1,638




NET BOOK VALUE


At 31 December 2024

5,781


3,276


9,057




At 11 February 2024

-


4,914


4,914




12.

FIXED ASSET INVESTMENTS



Company


Shares in


group


undertakings

£   



COST


Additions

20,133,130




At 31 December 2024

20,133,130




NET BOOK VALUE


At 31 December 2024

20,133,130





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



Subsidiaries



Bartholamew Lodge Nursing Home Limited


Registered office: As parent undertaking - see page 1


Nature of business: Provision of care services


%


Class of shares:

holding



Ordinary

100.00


2024



£   

£   



Aggregate capital and reserves

747,121


654,832




Profit for the period

842,389


178,881





RDCP Care Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Financial Statements - continued

for the Period 12 February 2024 to 31 December 2024


12.

FIXED ASSET INVESTMENTS - continued



Bearwood Nursing Home Limited


Registered office: As parent undertaking - see page 1


Nature of business: Provision of care services


%


Class of shares:

holding



Ordinary

100.00


2024



£   

£   



Aggregate capital and reserves

4,133,646


2,021,922




Profit for the period

2,861,724


413,925





Richmond Court Nursing Home Limited


Registered office: As parent undertaking - see page 1


Nature of business: Provision of care services


%


Class of shares:

holding



Ordinary

100.00


2024



£   

£   



Aggregate capital and reserves

4,456,942


3,046,824




Profit for the period

2,160,219


544,436





RDCP Care One Limited


Registered office: As parent undertaking - see page 1


Nature of business: Provision of dementia care


%


Class of shares:

holding



Ordinary

100.00


2024



£   

£   



Aggregate capital and reserves

1,707,000


1,090,396




Profit for the period

1,616,605


480,845





St. Nicholas House Limited


Registered office: As parent undertaking - see page 1


Nature of business: Provision of care services


%


Class of shares:

holding



Ordinary

100.00


2024



£   

£   



Aggregate capital and reserves

6,597,797


3,839,873




Profit for the period

3,857,924


914,127





RDCP Care Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Financial Statements - continued

for the Period 12 February 2024 to 31 December 2024


12.

FIXED ASSET INVESTMENTS - continued



Coton Holdings Limited


Registered office: 55 Coton Road, Penn, Wolverhampton, WV4 5AT


Nature of business: Holding company


%


Class of shares:

holding



Ordinary

100.00


2024



£   

£   



Aggregate capital and reserves

675,602


245,446




Profit for the period

525,602


20,139





Coton Care Limited


Registered office: 55 Coton Road, Penn, Wolverhampton, WV4 5AT


Nature of business: Provision of care services


%


Class of shares:

holding



Ordinary

100.00


2024



£   

£   



Aggregate capital and reserves

331,546


301,591




Profit for the period

179,955


299,944





RDCP Care Limited


Registered office: As parent undertaking - see page 1


Nature of business: Holding company


%


Class of shares:

holding



Ordinary A

100.00



Ordinary B

100.00


2024



£   

£   



Aggregate capital and reserves

108,889


21,813,392




(Loss)/profit for the period

(97,892

)

6,933





13.

STOCKS




Group


£   



Stocks

5,800





RDCP Care Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Financial Statements - continued

for the Period 12 February 2024 to 31 December 2024


14.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR





Group


Company


£   

£   



Trade debtors

442,901


-




Amounts owed by group undertakings

-


1,434,309




Amounts owed by associates

11,196


312




Other debtors

18,826


-




Called up share capital not paid

2


2




Prepayments

443,366


327,993



916,291


1,762,616




15.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal


value:

£   



1

Ordinary A

£1

1




1

Ordinary B

£1

1



2





The following shares were issued during the period for cash at par :



2 Ordinary shares of £1


All classes of shares have pari passu rights in all aspects.

16.

CONSOLIDATION RESERVES



Group


Retained


earnings

£   




Profit for the period

7,754,943




Dividends

(1,600,000

)



At 31 December 2024

6,154,943





17.

PROVISIONS FOR LIABILITIES



At 31 December 2024, deferred tax provision of £214,949 has been provided for.



RDCP Care Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Financial Statements - continued

for the Period 12 February 2024 to 31 December 2024


18.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR





Group


Company


£   

£   



Bank loans and overdrafts (see note 20)

806,000


806,000




Trade creditors

398,676


26,653




Amounts owed to group undertakings

-


5,976,946




Tax

768,484


-




Social security and other taxes

584,870


47,730




pension creditor

43,841


2,558




Other creditors

707,927


121,202




Accrued expenses

226,023


-



3,535,821


6,981,089




19.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR





Group


Company


£   

£   



Bank loans (see note 20)

14,709,500


14,709,500




20.

LOANS



An analysis of the maturity of loans is given below:




Group


Company


£   

£   



Amounts falling due within one year or on

demand:



Bank loans

806,000


806,000




Amounts falling due between one and two years:



Bank loans - 1-2 years

806,000


806,000




Amounts falling due between two and five years:



Bank loans - 2-5 years

2,418,000


2,418,000




Amounts falling due in more than five years:



Repayable by instalments


Bank loans more 5 yr by instal

11,485,500


11,485,500





RDCP Care Holdings Limited (Registered number: 15485088)



Notes to the Consolidated Financial Statements - continued

for the Period 12 February 2024 to 31 December 2024


21.

SECURED DEBTS



The following secured debts are included within creditors:




Company


£   



Bank loans

15,515,500





Barclays Bank plc hold a fixed and floating charge dated 2 April 2024, over all assets of the group which can be enforced on demand.


The group is bound by an intra-group cross guarantee in respect of the bank loans.


22.

RELATED PARTY DISCLOSURES



Balances owed between wholly owned group companies are exempt from disclosure under FRS 102.



As at 31 December 2024, the group was owed £312 by RDCP Limited, a company under common control. The loan is interest free and has no fixed repayment terms.



As at 31 December 2024, the group was owed £10,884 by RDCP Group Limited, a company under common control. The loan is interest free and has no fixed repayment terms.


23.

ULTIMATE CONTROLLING PARTY



The ultimate controlling parties are Mr S Rizvi and Ms I Dubylovska by virtue of their 100% shareholding.