| REGISTERED NUMBER: 10813821 (England and Wales) |
| GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |
| CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 |
| FOR |
| KPS ONE CARE LIMITED |
| REGISTERED NUMBER: 10813821 (England and Wales) |
| GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |
| CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 |
| FOR |
| KPS ONE CARE LIMITED |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2024 |
| Page |
| Company Information | 1 |
| Group Strategic Report | 2 |
| Report of the Directors | 6 |
| Report of the Independent Auditors | 8 |
| Consolidated Income Statement | 12 |
| Consolidated Other Comprehensive Income | 13 |
| Consolidated Balance Sheet | 14 |
| Company Balance Sheet | 16 |
| Consolidated Statement of Changes in Equity | 18 |
| Company Statement of Changes in Equity | 19 |
| Consolidated Cash Flow Statement | 20 |
| Notes to the Consolidated Cash Flow Statement | 21 |
| Notes to the Consolidated Financial Statements | 22 |
| KPS ONE CARE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JULY 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Certified Accountants |
| Statutory Auditors |
| 1st Floor |
| 44 - 50 The Broadway |
| Southall |
| Middlesex |
| UB1 1QB |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 31 JULY 2024 |
| The directors present their strategic report of the company and the group for the year ended 31 July 2024. |
| REVIEW OF BUSINESS |
| The government and local authorities have started paying greater attention towards the adult Social Care costs and has allowed a 2% increase on council tax which enables the council to increase fee levels. Fee increases of over 5.1% have been announced by some of the councils we contract with for the year commencing April 2024.Government has allocated additional money to the local councils from the better care funds. |
| The cost for provision of care has continued to rise with minimum wage legislation and extra regulatory requirements, and the need to attract and retain quality staff at all levels. Nursing shortage is acute nationally and has a bearing on wage costs. The group policy has been to continually invest in the fabric of the building, purchase new equipment and invest in staff training to improve standards of care. |
| The directors are very pleased with the progress that the group has made this year. All of the care homes run by the group are operating at near maximum capacity, with an average occupancy rate of 94% (2023: 93%). |
| Key performance indicators |
| 2024 | 2023 |
| Revenue | £16,585,378 | £15,468,091 |
| Gross profit | £4,994,992 | £4,888,856 |
| Gross profit margin | 30.12% | 31.60% |
| Profit before tax | £990,995 | £1,890,081 |
| Other Key performance indicators measured by the group include the wages to turnover rate, which is 66% (2023 : 66%) ,and the Gross Profit Margin, which is 30% (2023: 32%). |
| The management of net assets is key to monitoring the performance of the group. As at 31 July 2024, net assets stood at £4,098,824 (2023 : £3,639,343). The increase in the net assets stems directly from the continued profitability of the group. |
| Food costs |
| The third largest cost for care home operators is the food bill, which consumes 2.7% of income;the directors managed to keep the food bill at the same level as the year ended in July 2023 which was also 2.7% of income. |
| Despite the challenges the group has performed well. |
| Going concern |
| The directors are confident that the group has adequate resources to continue operational existence for the foreseeable future. In consideration of going concern, the directors continually review the group's future cashflow forecasts and profit projections, on both a base case and sensitized basis, considering the principal risks and uncertainties that may arise. These forecasts have been prepared based on market data, experience trading within the sector and anticipated future trading. There is nothing to indicate from these forecasts, that the group would not be able to continue successfully as a going concern in the future. |
| STRATEGY |
| The board will continue to keep costs under control and develop existing income streams. New opportunities will continue to be sought where these will make a return for the group. |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 31 JULY 2024 |
| PRINCIPAL RISKS AND UNCERTAINTIES |
| KPS One Care Ltd, like all businesses,faces a number of operating risks and uncertainties.The most fundamental issues faced by the group are: |
| - meeting bank covenants; |
| - maximising occupancy levels; |
| - complying with the stringent regulations of the Care Quality Commission under which Care |
| Homes operate; |
| - achieving quality standards; and |
| - attracting and retaining high quality qualified and other staff. |
| Company monitor the performance on monthly and quarterly basis in order to achieve the required covenants for the banks. The required quality control to satisfy the CQC is monitored by the group management on a regular basis. |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 31 JULY 2024 |
| RISK OF BUSINESS INTERRUPTION |
| The recent interruption caused by the COVID-19 pandemic has also provided the group with a present and future risk to consider. The group has taken all steps possible to ensure the safety of our employees whilst working hard to develop processes that ensure the business has the financial resilience to prosper through this difficult period. At present we continue to follow government guidelines and operate cautiously in the wake of an ever evolving economic landscape. The group's financial performance will inevitably be impacted by the crisis during 2021 and beyond. Despite the challenges the group has faced throughout the COVID-19 pandemic, we feel we are in a good position to maximise the opportunity that will inevitably materialise through the growth of the economy. |
| Interest rates |
| The higher interest rates continuing both during the financial year and post year-end, has had an impact on the KPS One Care group, with more interest being paid on loans. However, with lower levels of debt and higher levels of cash than many similar businesses, the group is in the ideal position to remain profitable and be able to operate as normal, for however long higher interest rates last. |
| Inflation including energy costs, staff & agency costs |
| The spike in inflation since mid-2022 has resulted in a marked increase in core cost for the KPS One Care group. Whilst this increase levelled out in the latter part of the financial year since year end, wage-related costs have generally remained high. |
| KPS One Care group were able to implement pay-rises, both during the financial year and post year-end. All staff are paid at or above 'Real living Wage'. The strong fee income and steady increase in occupancy enabled the directors to award above inflation pay increases, whilst remaining profitable and continuing to have good cash flow. |
| The KPS One Care group produce monthly management accounts to monitor spending and have robust budgetary controls, allowing decisions to be made above which spends are necessary and which can wait until a later time, while maintaining the high standards for which the group is known. Good quality food and other products will continue to be brought and the directors are confident that the very strong balance sheet and income statement positions will allow this to remain the same. |
| Energy efficiency has been a focus to the KPS One Care group for many years; for environmental purposes, as well as cost. Therefore, investments has already occurred and continues in energy efficient products, such as photovoltaic cells and LED lights are further projects have been agreed. In the financial year, four homes had photovoltaic cells added onto the buildings. As well as having an environmental benefit, the efficient technology has allowed us to consider and monitor our cost, without causing a detrimental impact to our residents or staff. Whilst there was sizable increase in cost in recent years, some of this has been netted off by energy produced by the solar panels and group is in such strong position that any decreases in profit that might be a result of the increases will not have a significant impact on cash flow nor will it cause the group to cease being profitable. |
| Overall |
| Given the good cash flow, retained profits and positive balance sheet position, the directors are confident that all actions taken have kept the business in good stead and feel assured that this will continue forward into the future. Occupancy continued to grow throughout the year, with an average increase percentage points year-on-year, compared to the previous year. With this being our most important key performance indicator, it gives the directors of the KPS One Care group reassurance that the business is in a very strong position. |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 31 JULY 2024 |
| CONCLUSION |
| KPS One Care Ltd and its subsidiaries are considered to have sufficient financial resources, as a consequence the directors believe that the group is well placed to manage its business risks successfully despite the current uncertain economic outlook. |
| The directors are able to conclude that the group has adequate resources to continue in operational |
| existence for the future. |
| ON BEHALF OF THE BOARD: |
| Director |
| 24 March 2025 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 31 JULY 2024 |
| The directors present their report with the financial statements of the company and the group for the year ended 31 July 2024. |
| PRINCIPAL ACTIVITY |
| The principal activity of the group in the year under review was that of Residential care activities for the elderly and disabled. |
| DIVIDENDS |
| No dividends will be distributed for the year ended 31 July 2024. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report. |
| POLITICAL DONATIONS AND EXPENDITURE |
| No Political Donations and Expenditure. |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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 directors are 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 each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information. |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 31 JULY 2024 |
| AUDITORS |
| The auditors, Param & Company Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| ON BEHALF OF THE BOARD: |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| KPS ONE CARE LIMITED |
| Opinion |
| We have audited the financial statements of KPS One Care Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 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 31 July 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 directors' 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 directors with respect to going concern are described in the relevant sections of this report. |
| Other information |
| The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, 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 Directors 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 Directors have been prepared in accordance with applicable legal requirements. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| KPS ONE CARE 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 Directors. |
| 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 directors' remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit. |
| Responsibilities of directors |
| As explained more fully in the Statement of Directors' Responsibilities set out on page six, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| KPS ONE CARE LIMITED |
| 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: |
| Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: |
| * the engagement partner ensured that the engagement team collectively had the appropriate competence,capabilities and skills to identify or recognize non-compliance with applicable laws and regulations; |
| * we identified the laws and regulations applicable to the group through discussions with directors and other management, and from our commercial knowledge and experience of service station. |
| * we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; |
| * we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and |
| * identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |
| We assessed the susceptibility of the group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: |
| * making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and |
| * considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. |
| To address the risk of fraud through management bias and override of controls, we: |
| * performed analytical procedures to identify any unusual or unexpected relationships; |
| *tested journal entries to identify unusual transactions; |
| *assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias; and |
| *investigated the rationale behind significant or unusual transactions. |
| In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: |
| *agreeing financial statement disclosures to underlying supporting documentation; |
| *reading the minutes of meetings of those charged with governance; |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| KPS ONE CARE LIMITED |
| *enquiring of management as to actual and potential litigation and claims; and |
| *reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the 's group's legal advisors. |
| There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. |
| Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. |
| 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. |
| 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. |
| for and on behalf of |
| Chartered Certified Accountants |
| Statutory Auditors |
| 1st Floor |
| 44 - 50 The Broadway |
| Southall |
| Middlesex |
| UB1 1QB |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| CONSOLIDATED INCOME STATEMENT |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 2024 | 2023 |
| Notes | £   | £   |
| TURNOVER | 16,585,378 | 15,468,091 |
| Cost of sales | 11,590,386 | 10,579,235 |
| GROSS PROFIT | 4,994,992 | 4,888,856 |
| Administrative expenses | 3,501,802 | 2,786,399 |
| 1,493,190 | 2,102,457 |
| Other operating income | - | 226,029 |
| OPERATING PROFIT | 5 | 1,493,190 | 2,328,486 |
| Interest payable and similar expenses | 7 | 502,195 | 438,405 |
| PROFIT BEFORE TAXATION | 990,995 | 1,890,081 |
| Tax on profit | 8 | 531,514 | 97,243 |
| PROFIT FOR THE FINANCIAL YEAR |
| Profit attributable to: |
| Owners of the parent | 459,481 | 1,792,838 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| CONSOLIDATED OTHER COMPREHENSIVE INCOME |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 2024 | 2023 |
| Notes | £   | £   |
| PROFIT FOR THE YEAR | 459,481 | 1,792,838 |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
459,481 |
1,792,838 |
| Total comprehensive income attributable to: |
| Owners of the parent | 459,481 | 1,792,838 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| CONSOLIDATED BALANCE SHEET |
| 31 JULY 2024 |
| 2024 | 2023 |
| Notes | £   | £   | £   |
| FIXED ASSETS |
| Tangible assets | 10 | 10,938,652 | 10,441,429 |
| Investments | 11 | - | - |
| 10,938,652 | 10,441,429 |
| CURRENT ASSETS |
| Stocks | 12 | 6,207 | 5,912 |
| Debtors | 13 | 5,997,636 | 3,467,856 |
| Cash at bank and in hand | 571,431 | 488,510 |
| 6,575,274 | 3,962,278 |
| CREDITORS |
| Amounts falling due within one year | 14 | 5,574,658 | 3,687,433 |
| NET CURRENT ASSETS | 1,000,616 | 274,845 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
11,939,268 |
10,716,274 |
| CREDITORS |
| Amounts falling due after more than one year | 15 | (7,319,446 | ) | (6,955,000 | ) |
| PROVISIONS FOR LIABILITIES | 18 | (520,998 | ) | (121,931 | ) |
| NET ASSETS | 4,098,824 | 3,639,343 |
| CAPITAL AND RESERVES |
| Called up share capital | 19 | 1,080 | 1,080 |
| Retained earnings | 20 | 4,097,744 | 3,638,263 |
| SHAREHOLDERS' FUNDS | 4,098,824 | 3,639,343 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| CONSOLIDATED BALANCE SHEET - continued |
| 31 JULY 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by: |
| N B Suresparan - Director |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| COMPANY BALANCE SHEET |
| 31 JULY 2024 |
| 2024 | 2023 |
| Notes | £   | £   | £   |
| FIXED ASSETS |
| Tangible assets | 10 |
| Investments | 11 |
| CURRENT ASSETS |
| Debtors | 13 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 14 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 15 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 19 |
| Retained earnings | 20 |
| SHAREHOLDERS' FUNDS |
| Company's profit for the financial year | 44,309 | 60,140 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| COMPANY BALANCE SHEET - continued |
| 31 JULY 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| CONSOLIDATED STATEMENT OF CHANGES IN EQUITY |
| FOR THE YEAR ENDED 31 JULY 2024 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £   | £   | £   |
| Balance at 1 August 2022 | 1,080 | 1,845,425 | 1,846,505 |
| Changes in equity |
| Total comprehensive income | - | 1,792,838 | 1,792,838 |
| Balance at 31 July 2023 | 1,080 | 3,638,263 | 3,639,343 |
| Changes in equity |
| Total comprehensive income | - | 459,481 | 459,481 |
| Balance at 31 July 2024 | 1,080 | 4,097,744 | 4,098,824 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| COMPANY STATEMENT OF CHANGES IN EQUITY |
| FOR THE YEAR ENDED 31 JULY 2024 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £   | £   | £   |
| Balance at 1 August 2022 |
| Changes in equity |
| Total comprehensive income | - |
| Balance at 31 July 2023 |
| Changes in equity |
| Total comprehensive income | - |
| Balance at 31 July 2024 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| CONSOLIDATED CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 2024 | 2023 |
| Notes | £   | £   |
| Cash flows from operating activities |
| Cash generated from operations | 1 | 2,332,832 | 2,404,522 |
| Interest paid | (502,195 | ) | (438,405 | ) |
| Tax paid | (88,183 | ) | (108,525 | ) |
| Net cash from operating activities | 1,742,454 | 1,857,592 |
| Cash flows from investing activities |
| Purchase of tangible fixed assets | (1,435,547 | ) | (706,413 | ) |
| Sale of tangible fixed assets | 310,375 | - |
| Net cash from investing activities | (1,125,172 | ) | (706,413 | ) |
| Cash flows from financing activities |
| New loans in year | 7,540,860 | 89,308 |
| Loan repayments in year | (7,368,571 | ) | (426,627 | ) |
| Amount introduced by directors | (1,000 | ) | 181,000 |
| Amount received (paid) to associated | (705,650 | ) | (1,277,016 | ) |
| Net cash from financing activities | (534,361 | ) | (1,433,335 | ) |
| Increase/(decrease) in cash and cash equivalents | 82,921 | (282,156 | ) |
| Cash and cash equivalents at beginning of year |
2 |
488,510 |
770,666 |
| Cash and cash equivalents at end of year | 2 | 571,431 | 488,510 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
| 2024 | 2023 |
| £   | £   |
| Profit before taxation | 990,995 | 1,890,081 |
| Depreciation charges | 556,323 | 446,608 |
| Loss on disposal of fixed assets | 71,625 | - |
| Finance costs | 502,195 | 438,405 |
| 2,121,138 | 2,775,094 |
| Increase in stocks | (295 | ) | (282 | ) |
| Increase in trade and other debtors | (1,289,513 | ) | (689,075 | ) |
| Increase in trade and other creditors | 1,501,502 | 318,785 |
| Cash generated from operations | 2,332,832 | 2,404,522 |
| 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 31 July 2024 |
| 31.7.24 | 1.8.23 |
| £   | £   |
| Cash and cash equivalents | 571,431 | 488,510 |
| Year ended 31 July 2023 |
| 31.7.23 | 1.8.22 |
| £   | £   |
| Cash and cash equivalents | 488,510 | 770,666 |
| 3. | ANALYSIS OF CHANGES IN NET DEBT |
| At 1.8.23 | Cash flow | At 31.7.24 |
| £   | £   | £   |
| Net cash |
| Cash at bank and in hand | 488,510 | 82,921 | 571,431 |
| 488,510 | 82,921 | 571,431 |
| Debt |
| Debts falling due within 1 year | (374,171 | ) | 192,157 | (182,014 | ) |
| Debts falling due after 1 year | (6,955,000 | ) | (364,446 | ) | (7,319,446 | ) |
| (7,329,171 | ) | (172,289 | ) | (7,501,460 | ) |
| Total | (6,840,661 | ) | (89,368 | ) | (6,930,029 | ) |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 1. | STATUTORY INFORMATION |
| KPS One Care Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Basis of consolidation |
| The consolidated financial statements incorporate the financial statements of the company and its subsidiaries. Subsidiaries are not consolidated if their influence on KPS One Ltd group's asset, financial and earnings position is considered to be immaterial, either individually or in total. |
| All subsidiaries utilise the same accounting framework and accounting policies. |
| Assets and liabilities of subsidiaries are shown in the consolidated accounts at their fair value on the date of acquisition. |
| Going concern |
| The directors are confident that the group has adequate resources to continue operational existence for the foreseeable future. In consideration of going concern, the directors continually review the Company's future cashflow forecasts and profit projections, on both a base case and sensitized basis, considering the principal risks and uncertainties that may arise. These forecasts have been prepared based on market data, experience trading within the sector and anticipated future trading. There is nothing to indicate from these forecasts, that the company would not be able to continue successfully as a going concern in the future. |
| 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 represents fee income receivable from care services provided. Turnover is recognised in the year in which the company obtains the right to consideration as the services provided under contracts have been delivered and is recorded at the value of the consideration due. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year. |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Freehold property | - |
| Long leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Freehold premises are stated at cost in the balance sheet. |
| Tangible fixed assets are stated at cost, net of depreciation and any provison for impairment. |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| The group has elected to apply the provisions of section 11 ''Basic Financial Instruments'' of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the group's balance sheet when the group 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, 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 rate 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. |
| Basic financial liabilities, including creditors and other loans, 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 receipts discounted at a market rate of interest. Financial liablities classified as payable within one year are not amortised. |
| 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. |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY |
| In the application of the group's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
| The key sources of estimation uncertainty that have significant effect on the amounts recognised in the financial statements are described below. |
| * Estimate the useful lives of tangible and intangible assets for depreciation and amortisation purposes. |
| * Determine whether there are indicators of impairment of the company's tangible and intangible assets. Factors taken into consideration in reaching such decision include the economic viability and expected future financial performance of the asset. |
| 4. | EMPLOYEES AND DIRECTORS |
| 2024 | 2023 |
| £   | £   |
| Wages and salaries | 9,082,171 | 7,606,559 |
| Social security costs | 795,585 | 594,197 |
| Other pension costs | 117,778 | 206,561 |
| 9,995,534 | 8,407,317 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 4. | EMPLOYEES AND DIRECTORS - continued |
| The average number of employees during the year was as follows: |
| 2024 | 2023 |
| Director | 1 | 1 |
| Administration | 12 | 11 |
| Care staff | 392 | 383 |
| The average number of employees by undertakings that were proportionately consolidated during the year was 405 (2023 - 395 ) . |
| 2024 | 2023 |
| £   | £   |
| Directors' remuneration | 132,320 | 134,368 |
| 5. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2024 | 2023 |
| £   | £   |
| Hire of plant and machinery | 936 | - |
| Depreciation - owned assets | 556,324 | 446,607 |
| Loss on disposal of fixed assets | 71,625 | - |
| Auditors' remuneration | 16,170 | 11,400 |
| 6. | EXCEPTIONAL ITEMS |
| 2024 | 2023 |
| £   | £   |
| Exceptional items | - | 222,876 |
| 7. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 2024 | 2023 |
| £   | £   |
| Bank loan interest | 502,195 | 438,405 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 8. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 2024 | 2023 |
| £   | £   |
| Current tax: |
| UK corporation tax | 132,471 | 88,183 |
| Adjustment previous periods | (24 | ) | (35 | ) |
| Total current tax | 132,447 | 88,148 |
| Deferred tax | 399,067 | 9,095 |
| Tax on profit | 531,514 | 97,243 |
| Reconciliation of total tax charge included in profit and loss |
| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below: |
| 2024 | 2023 |
| £   | £   |
| Profit before tax | 990,995 | 1,890,081 |
| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 - 21.006 %) |
247,749 |
397,030 |
| Effects of: |
| Capital allowances in excess of depreciation | (133,184 | ) | (63,597 | ) |
| Utilisation of tax losses | - | (245,250 | ) |
| Deferred Tax | 399,067 | 9,095 |
| loss on disposal assets | 17,906 | - |
| Adjustments to tax charge for previous period | (24 | ) | (35 | ) |
| Total tax charge | 531,514 | 97,243 |
| 9. | 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. |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 10. | TANGIBLE FIXED ASSETS |
| Group |
| Freehold | Long | Plant and |
| property | leasehold | machinery |
| £   | £   | £   |
| COST |
| At 1 August 2023 | 8,235,259 | 1,049,660 | 275,270 |
| Additions | - | - | 65,721 |
| Disposals | - | - | - |
| At 31 July 2024 | 8,235,259 | 1,049,660 | 340,991 |
| DEPRECIATION |
| At 1 August 2023 | 480,926 | 30,000 | 116,667 |
| Charge for year | 96,980 | 10,000 | 33,649 |
| At 31 July 2024 | 577,906 | 40,000 | 150,316 |
| NET BOOK VALUE |
| At 31 July 2024 | 7,657,353 | 1,009,660 | 190,675 |
| At 31 July 2023 | 7,754,333 | 1,019,660 | 158,603 |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £   | £   | £   |
| COST |
| At 1 August 2023 | 2,310,442 | - | 11,870,631 |
| Additions | 987,826 | 382,000 | 1,435,547 |
| Disposals | - | (382,000 | ) | (382,000 | ) |
| At 31 July 2024 | 3,298,268 | - | 12,924,178 |
| DEPRECIATION |
| At 1 August 2023 | 801,609 | - | 1,429,202 |
| Charge for year | 415,695 | - | 556,324 |
| At 31 July 2024 | 1,217,304 | - | 1,985,526 |
| NET BOOK VALUE |
| At 31 July 2024 | 2,080,964 | - | 10,938,652 |
| At 31 July 2023 | 1,508,833 | - | 10,441,429 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 11. | FIXED ASSET INVESTMENTS |
| Company |
| Shares in |
| group |
| undertakings |
| £   |
| COST |
| At 1 August 2023 |
| and 31 July 2024 |
| NET BOOK VALUE |
| At 31 July 2024 |
| At 31 July 2023 |
| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Subsidiaries |
| Registered office: 5 Oakleigh Road, Pinner, England, HA5 4HB |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2024 | 2023 |
| £   | £   |
| Aggregate capital and reserves |
| Profit for the year |
| Registered office: 5 Oakleigh Road, Pinner, England, HA5 4HB |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2024 | 2023 |
| £   | £   |
| Aggregate capital and reserves |
| Profit for the year |
| 12. | STOCKS |
| Group |
| 2024 | 2023 |
| £   | £   |
| Finished goods | 6,207 | 5,912 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £   | £   | £   | £   |
| Trade debtors | 2,739,047 | 2,109,796 |
| Amounts owed by associates | 2,319,752 | 1,079,485 |
| Other debtors | 479,807 | 64,951 |
| Other debtors 2 | 165,333 | - | - | - |
| Prepayments and accrued income | 293,697 | 213,624 |
| 5,997,636 | 3,467,856 |
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £   | £   | £   | £   |
| Bank loans and overdrafts (see note 16) | 182,014 | 374,171 |
| Trade creditors | 661,053 | 439,287 |
| Amounts owed to group undertakings | - | - |
| Amounts owed to associates | 1,270,133 | 735,517 | 787,406 | 787,406 |
| Tax | 132,871 | 88,607 |
| Social security and other taxes | 210,707 | 168,414 |
| Pension | 29,052 | 25,780 | - | - |
| Other creditors | 425,041 | 95,449 |
| Directors' current accounts | 230,000 | 231,000 | - | - |
| Accruals and deferred income | 2,433,787 | 1,529,208 |
| 5,574,658 | 3,687,433 |
| 15. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £   | £   | £   | £   |
| Bank loans (see note 16) | 7,319,446 | 6,955,000 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 16. | LOANS |
| An analysis of the maturity of loans is given below: |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £   | £   | £   | £   |
| Amounts falling due within one year or on | demand: |
| Bank loans | 182,014 | 374,171 |
| Amounts falling due between one and two | years: |
| Bank loans - 1-2 years | 163,216 | - |
| Amounts falling due between two and five | years: |
| Bank loans - 2-5 years | 7,156,230 | 6,955,000 |
| 17. | SECURED DEBTS |
| The loan of £ 7.33 m (2022 : 7.66 m) from Thincats are secured by |
| First legal charge over the following properties |
| a) Alt Park Nursing Home, Millvale ,Parkstile lane, Liverpool, L11 0BG. |
| b) Douglas Bank Nursing Home, Lees Lane, Roby Mill, Skelmersdale, WN8 0SZ. |
| c) Tudor Bank Nursing home, 2 Beach Road, Southport, PR8 2BP. |
| d) Beechcroft, 62-64, Bidston Road, Birkenhead, England, CH43 6UW. |
| e) Broadway Nursing Home, Liverpool, 22-32 Flemington Ave, Liverpool, L4 8UD. |
| f) Courtfield Lodge, 81a Marians Drive, Ormskirk, L39 1LG. |
| g) Orchard Nursing Home, St. Mary's Road, Huyton, Liverpool, L36 5UY. |
| h) Swansea Terrace, 108/114 Watery Lane, Ashton-on-Ribble, Preston, PR2 1AT. |
| Composite Guarantee from Flightcare Ltd and Tudor Bank Ltd. |
| First ranking debenture from KPS One Care Ltd, Tudor Bank Ltd and Flight Care ltd. |
| 18. | PROVISIONS FOR LIABILITIES |
| Group |
| 2024 | 2023 |
| £   | £   |
| Deferred tax |
| Deferred tax | 400,734 | 81,079 |
| Charged to P/L | 120,264 | 40,852 |
| 520,998 | 121,931 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 18. | PROVISIONS FOR LIABILITIES - continued |
| Group |
| Deferred |
| tax |
| £   |
| Balance at 1 August 2023 | 121,931 |
| Provided during year | 399,067 |
| Balance at 31 July 2024 | 520,998 |
| 19. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £   | £   |
| Ordinary | 1 | 1,080 | 1,080 |
| 20. | RESERVES |
| Group |
| Retained |
| earnings |
| £   |
| At 1 August 2023 | 3,638,263 |
| Profit for the year | 459,481 |
| At 31 July 2024 | 4,097,744 |
| Company |
| Retained |
| earnings |
| £   |
| At 1 August 2023 |
| Profit for the year |
| At 31 July 2024 |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 21. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| 2024 | 2023 |
| £ | £ |
| Mr S Vivian |
| Director and Shareholder |
| Loan provided by the director is interest free & unsecured |
| Amount due to related party at the balance sheet date | 230,000 | 230,000 |
| ======= | ======= |
| Mr N B Suresparan |
| Director and Shareholder |
| Loan provided by the director is interest free & unsecured |
| Amount due to related party at the balance sheet date | - | 1,000 |
| ======= | ======= |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 22. | RELATED PARTY DISCLOSURES |
| 2024 | 2023 |
| £ | £ |
| Priory Court Developments Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparan are Directors |
| Amount due from (to) related party is interest free & unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | (194,137 | ) | 177,446 |
| ====== | ====== |
| Esteem Care Ltd |
| A company in which Mr N B Suresparan , Mrs V Suresparan , P Ketheeswaran & Ms S Severable are Directors |
| Amount due from (to) related party is interest free & unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | (218,895 | ) | (158,633 | ) |
| ====== | ======== |
| Ultimate Care Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparan are Directors and shareholders |
| Amount due from (to) related party is interest free & unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | 2,119,019 | 624,752 |
| ====== | ======= |
| JSS Holdings Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparan are Directors and shareholders |
| Amount due from (to) related party is interest free & unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | (73,000 | ) | - |
| ======= | ===== |
| Europe Care Holdings Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparan are Directors and shareholders |
| Amount due from (to) related party is interest free & unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | (123,609 | ) | (80,790 | ) |
| ====== | ====== |
| KPS Care Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparanare Directors and shareholders |
| Amount due from (to) related party is interest free &unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | (430,000 | ) | (430,000 | ) |
| ======= | ======= |
| Byron Lodge (West Melton) Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparanare Directors and shareholders |
| Amount due from (to) related party is interest free &unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | (120,986 | ) | (25,788 | ) |
| ======= | ======= |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| Mahogany House (Newtown) Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparanare Directors and shareholders |
| Amount due from (to) related party is interest free &unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | (1,025 | ) | 30,577 |
| ======= | ======= |
| Daleside Nursing Home Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparanare Directors and shareholders |
| Amount due from (to) related party is interest free &unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | 169,485 | 229,162 |
| ======= | ======= |
| Riversdale (Northwest) Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparanare Directors and shareholders |
| Amount due from (to) related party is interest free &unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | (30,279 | ) | 927 |
| ======= | ======= |
| Woolton Grange Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparanare Directors and shareholders |
| Amount due from (to) related party is interest free &unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | (75,747 | ) | (40,306 | ) |
| ======= | ======= |
| Ayrus Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparanare Directors and shareholders |
| Amount due from (to) related party is interest free &unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | - | 16,621 |
| ======= | ======= |
| Care Plus London Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparanare Directors and shareholders |
| Amount due from (to) related party is interest free &unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | 31,248 | - |
| ======= | ======= |
| Victorguard Care Ltd |
| A company in which Mr N B Suresparan & Mrs V Suresparanare Directors and shareholders |
| Amount due from (to) related party is interest free &unsecured Loans. |
| Amount due from (to) related party at the balance sheet date | (2,455 | ) | - |
| ======= | ======= |
| KPS ONE CARE LIMITED (REGISTERED NUMBER: 10813821) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 23. | ULTIMATE CONTROLLING PARTY |
| KPS One Care Ltd is the ultimate parent company of Tudor Bank Ltd & Flight Care Ltd. |
| Mr N B Suresparan and Mrs V Suresparan are the ultimate controlling party of the group. |
| 24. | PRINCIPAL PLACE OF BUSINESS |
| The address of the company's principal place of businesses are: |
| a) Alt Park Nursing Home, Millvale ,Parkstile lane, Liverpool, L11 0BG. |
| b) Douglas Bank Nursing Home, Lees Lane, Roby Mill, Skelmersdale, WN8 0SZ. |
| c) Tudor Bank Nursing home, 2 Beach Road, Southport, PR8 2BP. |
| d) Beechcroft, 62-64, Bidston Road, Birkenhead, England, CH43 6UW. |
| e) Broadway Nursing Home, Liverpool, 22-32 Flemington Ave, Liverpool, L4 8UD. |
| f) Courtfield Lodge, 81a Marians Drive, Ormskirk, L39 1LG. |
| g) Orchard Nursing Home, St. Mary's Road, Huyton, Liverpool, L36 5UY. |
| h) Swansea Terrace, 108/114 Watery Lane, Ashton-on-Ribble, Preston, PR2 1AT. |