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REGISTERED NUMBER: 09284483 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 October 2024

for

The Gables Care Limited

The Gables Care Limited (Registered number: 09284483)






Contents of the Financial Statements
for the Year Ended 29 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Gables Care Limited

Company Information
for the Year Ended 29 October 2024







DIRECTOR: Pangisani Mabhena





REGISTERED OFFICE: 93 Tabernacle Street
London
EC2A 4BA





REGISTERED NUMBER: 09284483 (England and Wales)





ACCOUNTANTS: Ramon Lee Ltd
93 Tabernacle Street
London
EC2A 4BA

The Gables Care Limited (Registered number: 09284483)

Balance Sheet
29 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 46,358 87,272
Tangible assets 5 16,286 19,101
62,644 106,373

CURRENT ASSETS
Debtors 6 69,867 76,546
Cash at bank and in hand 35,858 26,516
105,725 103,062
CREDITORS
Amounts falling due within one year 7 (40,116 ) (46,002 )
NET CURRENT ASSETS 65,609 57,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,253

163,433

CREDITORS
Amounts falling due after more than one year 8 (238,675 ) (273,655 )
NET LIABILITIES (110,422 ) (110,222 )

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings (110,432 ) (110,232 )
SHAREHOLDERS' FUNDS (110,422 ) (110,222 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 October 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 Gables Care Limited (Registered number: 09284483)

Balance Sheet - continued
29 October 2024


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 Profit And Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2025 and were signed by:





Pangisani Mabhena - Director


The Gables Care Limited (Registered number: 09284483)

Notes to the Financial Statements
for the Year Ended 29 October 2024

1. STATUTORY INFORMATION

The Gables Care 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.

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


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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business , and is shown net of VAT and other sales related taxes .The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

GOODWILL
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

The Gables Care Limited (Registered number: 09284483)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2024

2. ACCOUNTING POLICIES - continued

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less residual values over the useful life on the following basis :

Fixtures, fittings & equipment 15% on cost
IT equipment 15% on cost
Plant & machinery 15% on cost
Motor vehicles 25% on net book value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, 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.

The Gables Care Limited (Registered number: 09284483)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2024

2. ACCOUNTING POLICIES - continued

CASH AND CASH EQUIVALENTS
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

BASIC FINANCIAL ASSETS
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CLASSIFICATION OF FINANCIAL LIABILITIES
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BASIC FINANCIAL LIABILITIES
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

EQUITY INSTRUMENTS
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the
discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk

The Gables Care Limited (Registered number: 09284483)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2024

2. ACCOUNTING POLICIES - continued

EMPLOYEE BENEFITS
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

RETIREMENT BENEFITS
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 30 October 2023
and 29 October 2024 400,000 9,142 409,142
AMORTISATION
At 30 October 2023 320,000 1,870 321,870
Amortisation for year 40,000 914 40,914
At 29 October 2024 360,000 2,784 362,784
NET BOOK VALUE
At 29 October 2024 40,000 6,358 46,358
At 29 October 2023 80,000 7,272 87,272

The Gables Care Limited (Registered number: 09284483)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 October 2023 3,660 62,081 39,714 9,347 114,802
Additions - 3,050 5,095 - 8,145
Disposals - - (34,715 ) - (34,715 )
At 29 October 2024 3,660 65,131 10,094 9,347 88,232
DEPRECIATION
At 30 October 2023 1,647 60,817 28,974 4,263 95,701
Charge for year 549 1,201 2,939 1,360 6,049
Eliminated on disposal - - (29,804 ) - (29,804 )
At 29 October 2024 2,196 62,018 2,109 5,623 71,946
NET BOOK VALUE
At 29 October 2024 1,464 3,113 7,985 3,724 16,286
At 29 October 2023 2,013 1,264 10,740 5,084 19,101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 69,867 76,546

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 16,402 19,981
Other creditors 23,714 26,021
40,116 46,002

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 238,675 273,655

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary Share Capital 1 10 10