Silverfin false false 31/08/2024 01/09/2023 31/08/2024 C Coppard 28/01/2006 A Prince 28/01/2006 L Prince 01/09/2014 P A Rousseau 28/01/2006 C Stupple 28/01/2006 M T Stupple 28/01/2006 V Stupple 28/01/2006 14 April 2025 The principal activity of the company is the provision of supported accommodation. 05690503 2024-08-31 05690503 bus:Director1 2024-08-31 05690503 bus:Director2 2024-08-31 05690503 bus:Director3 2024-08-31 05690503 bus:Director4 2024-08-31 05690503 bus:Director5 2024-08-31 05690503 bus:Director6 2024-08-31 05690503 bus:Director7 2024-08-31 05690503 2023-08-31 05690503 core:CurrentFinancialInstruments 2024-08-31 05690503 core:CurrentFinancialInstruments 2023-08-31 05690503 core:Non-currentFinancialInstruments 2024-08-31 05690503 core:Non-currentFinancialInstruments 2023-08-31 05690503 core:ShareCapital 2024-08-31 05690503 core:ShareCapital 2023-08-31 05690503 core:RetainedEarningsAccumulatedLosses 2024-08-31 05690503 core:RetainedEarningsAccumulatedLosses 2023-08-31 05690503 core:Goodwill 2023-08-31 05690503 core:Goodwill 2024-08-31 05690503 core:LandBuildings 2023-08-31 05690503 core:LeaseholdImprovements 2023-08-31 05690503 core:PlantMachinery 2023-08-31 05690503 core:Vehicles 2023-08-31 05690503 core:FurnitureFittings 2023-08-31 05690503 core:OfficeEquipment 2023-08-31 05690503 core:LandBuildings 2024-08-31 05690503 core:LeaseholdImprovements 2024-08-31 05690503 core:PlantMachinery 2024-08-31 05690503 core:Vehicles 2024-08-31 05690503 core:FurnitureFittings 2024-08-31 05690503 core:OfficeEquipment 2024-08-31 05690503 core:CurrentFinancialInstruments core:Secured 2024-08-31 05690503 core:Non-currentFinancialInstruments core:Secured 2024-08-31 05690503 core:MoreThanFiveYears 2024-08-31 05690503 core:MoreThanFiveYears 2023-08-31 05690503 2023-09-01 2024-08-31 05690503 bus:FilletedAccounts 2023-09-01 2024-08-31 05690503 bus:SmallEntities 2023-09-01 2024-08-31 05690503 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05690503 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05690503 bus:Director1 2023-09-01 2024-08-31 05690503 bus:Director2 2023-09-01 2024-08-31 05690503 bus:Director3 2023-09-01 2024-08-31 05690503 bus:Director4 2023-09-01 2024-08-31 05690503 bus:Director5 2023-09-01 2024-08-31 05690503 bus:Director6 2023-09-01 2024-08-31 05690503 bus:Director7 2023-09-01 2024-08-31 05690503 core:Goodwill core:TopRangeValue 2023-09-01 2024-08-31 05690503 core:PlantMachinery core:TopRangeValue 2023-09-01 2024-08-31 05690503 core:Vehicles core:TopRangeValue 2023-09-01 2024-08-31 05690503 core:FurnitureFittings core:TopRangeValue 2023-09-01 2024-08-31 05690503 core:OfficeEquipment core:TopRangeValue 2023-09-01 2024-08-31 05690503 2022-09-01 2023-08-31 05690503 core:LandBuildings 2023-09-01 2024-08-31 05690503 core:LeaseholdImprovements 2023-09-01 2024-08-31 05690503 core:PlantMachinery 2023-09-01 2024-08-31 05690503 core:Vehicles 2023-09-01 2024-08-31 05690503 core:FurnitureFittings 2023-09-01 2024-08-31 05690503 core:OfficeEquipment 2023-09-01 2024-08-31 05690503 core:CurrentFinancialInstruments 2023-09-01 2024-08-31 05690503 core:MoreThanFiveYears 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Company No: 05690503 (England and Wales)

2 CARE UK LTD

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

2 CARE UK LTD

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

2 CARE UK LTD

BALANCE SHEET

As at 31 August 2024
2 CARE UK LTD

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 569,702 791,845
569,702 791,845
Current assets
Debtors 5 84,108 20,329
Cash at bank and in hand 148,945 11,219
233,053 31,548
Creditors: amounts falling due within one year 6 ( 172,699) ( 134,572)
Net current assets/(liabilities) 60,354 (103,024)
Total assets less current liabilities 630,056 688,821
Creditors: amounts falling due after more than one year 7 ( 220,300) ( 311,499)
Provision for liabilities ( 16,926) ( 16,133)
Net assets 392,830 361,189
Capital and reserves
Called-up share capital 100 100
Profit and loss account 392,730 361,089
Total shareholders' funds 392,830 361,189

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of 2 Care UK Ltd (registered number: 05690503) were approved and authorised for issue by the Board of Directors on 14 April 2025. They were signed on its behalf by:

M T Stupple
Director
V Stupple
Director
P A Rousseau
Director
L Prince
Director
A Prince
Director
C Coppard
Director
C Stupple
Director
2 CARE UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
2 CARE UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

2 Care UK Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 935 Christchurch Road, Bournemouth, BH7 6AY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

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.

Taxation

Current tax
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 15 years straight line
Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Land and buildings not depreciated
Leasehold improvements depreciated over the life of the lease
Plant and machinery 4 years straight line
Vehicles 4 years straight line
Fixtures and fittings 5 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other

consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 35 35

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 September 2023 720,000 720,000
At 31 August 2024 720,000 720,000
Accumulated amortisation
At 01 September 2023 720,000 720,000
At 31 August 2024 720,000 720,000
Net book value
At 31 August 2024 0 0
At 31 August 2023 0 0

4. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £ £
Cost
At 01 September 2023 682,000 194,748 48,696 59,141 138,685 26,075 1,149,345
Additions 6,372 0 2,361 0 4,707 3,298 16,738
Disposals ( 186,372) 0 ( 350) ( 13,495) ( 3,924) ( 2,459) ( 206,600)
At 31 August 2024 502,000 194,748 50,707 45,646 139,468 26,914 959,483
Accumulated depreciation
At 01 September 2023 0 169,751 27,941 58,545 82,070 19,193 357,500
Charge for the financial year 0 24,997 7,523 325 14,710 3,506 51,061
Disposals 0 0 ( 350) ( 13,494) ( 3,641) ( 1,295) ( 18,780)
At 31 August 2024 0 194,748 35,114 45,376 93,139 21,404 389,781
Net book value
At 31 August 2024 502,000 0 15,593 270 46,329 5,510 569,702
At 31 August 2023 682,000 24,997 20,755 596 56,615 6,882 791,845

5. Debtors

2024 2023
£ £
Trade debtors 35,183 13,819
Prepayments 47,320 6,510
Other debtors 1,605 0
84,108 20,329

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts (secured £ 15,441) 21,457 25,300
Trade creditors 44,372 42,105
Amounts owed to directors 2,115 5,378
Accruals 16,939 12,687
Corporation tax 67,835 28,705
Other taxation and social security 19,981 20,397
172,699 134,572

The bank loans totalling £ 207,507 are secured against the freehold land and buildings.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured £ 192,066) 220,300 311,499

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (secured £125,030) 127,634 174,349

The bank loans totalling £ 207,507 are secured against the freehold land and buildings.