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REGISTERED NUMBER: 10722985 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

KPS CARE LIMITED

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)






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 CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: N B Suresparan
Mrs V Suresparan
Ultimate Care Limited





REGISTERED OFFICE: 5 Oakleigh Road
Pinner
Middlesex
HA5 4HB





REGISTERED NUMBER: 10722985 (England and Wales)





AUDITORS: Param & Company Ltd
Chartered Certified Accountants
Statutory Auditors
1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

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 3.5% 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 96% (2023 : 90%).

Key performance indicators

2024 2023
Revenue £4,136,659 £3,532,583
Gross profit £1,360,114 £1,128,877
Gross profit margin 32.88% 31.95%
Profit before tax £421,326 £352,183


Other Key performance indicators measured by the group include the wages to turnover rate, which is 58% (2023 : 67%), and the Gross Profit Margin, which is 33% (2023 : 32%).

The management of net assets is key to monitoring the performance of the company. As at 31 July 2024, net assets stand at £754,578 (2023: £457,671).

Food costs

The third largest cost for care home operators is the food bill, which consumes 2.3% of income; the directors managed to keep the food bill at the same level as the year ended in July 2023 which was 2.2% of income.

Despite the challenges the company has performed well.

Going concern

The directors are confident that the company 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.

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 CARE LIMITED (REGISTERED NUMBER: 10722985)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2024

PRINCIPAL RISKS AND UNCERTAINTIES
Despite funding increases, and increase in the elderly population the sector faces financial strains and is also faced with a constant barrage of regulatory charges.

The majority of placements are from local councils which makes them a bulk purchaser of our services and therefore weakens our position with fee negotiations. This is balanced by an ever greater demand for beds and the pressure on the councils to vacate hospital beds increasingly, nursing homes are looking after very heavily dependent residents or residents who require short term care and this increases the risk of accidents and potential claims.

KPS 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 company management on a regular basis.


KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

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 company with a present and future risk to consider. The company 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 company 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 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 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 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.

Energy efficiency has been a focus to KPS 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. 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 Care group reassurance that the business is in a very strong position.


KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2024

CONCLUSION
KPS 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.

ON BEHALF OF THE BOARD:




N B Suresparan - Director


29 April 2025

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

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 nursing care facilities.

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.

N B Suresparan
Mrs V Suresparan
Ultimate Care Limited

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 CARE LIMITED (REGISTERED NUMBER: 10722985)

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:



N B Suresparan - Director


29 April 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
KPS CARE LIMITED

Opinion
We have audited the financial statements of KPS 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 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.

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 recognise non-compliance with applicable laws and regulations;

* we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of care home sector.

* 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 company, 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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
KPS CARE LIMITED


* 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 company'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;

*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 company'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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
KPS CARE 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.




S Paramaguru (Senior Statutory Auditor)
for and on behalf of Param & Company Ltd
Chartered Certified Accountants
Statutory Auditors
1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB

29 April 2025

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £    £   

TURNOVER 4,136,659 3,532,583

Cost of sales 2,776,545 2,403,706
GROSS PROFIT 1,360,114 1,128,877

Administrative expenses 700,645 601,638
659,469 527,239

Other operating income - 6,539
OPERATING PROFIT 4 659,469 533,778


Interest payable and similar expenses 5 238,143 181,595
PROFIT BEFORE TAXATION 421,326 352,183

Tax on profit 6 124,419 47,308
PROFIT FOR THE FINANCIAL YEAR 296,907 304,875
Profit attributable to:
Owners of the parent 296,907 304,875

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 296,907 304,875


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

296,907

304,875

Total comprehensive income attributable to:
Owners of the parent 296,907 304,875

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

CONSOLIDATED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 8 4,461,652 4,514,947
Investments 9 - -
4,461,652 4,514,947

CURRENT ASSETS
Stocks 10 4,450 3,800
Debtors 11 1,593,396 1,533,685
Cash at bank and in hand 8,668 45,300
1,606,514 1,582,785
CREDITORS
Amounts falling due within one year 12 2,626,034 3,025,169
NET CURRENT LIABILITIES (1,019,520 ) (1,442,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,442,132

3,072,563

CREDITORS
Amounts falling due after more than one year 13 (2,550,154 ) (2,483,477 )

PROVISIONS FOR LIABILITIES 16 (137,400 ) (131,415 )
NET ASSETS 754,578 457,671

CAPITAL AND RESERVES
Called up share capital 17 100 100
Retained earnings 18 754,478 457,571
SHAREHOLDERS' FUNDS 754,578 457,671

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

CONSOLIDATED BALANCE SHEET - continued
31 JULY 2024



The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





N B Suresparan - Director


KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

COMPANY BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 8 - -
Investments 9 6,202,539 6,202,539
6,202,539 6,202,539

CURRENT ASSETS
Debtors 11 570,000 570,000
Cash at bank and in hand 979 749
570,979 570,749
CREDITORS
Amounts falling due within one year 12 4,176,784 4,150,348
NET CURRENT LIABILITIES (3,605,805 ) (3,579,599 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,596,734

2,622,940

CREDITORS
Amounts falling due after more than one year 13 2,550,154 2,483,477
NET ASSETS 46,580 139,463

CAPITAL AND RESERVES
Called up share capital 17 100 100
Retained earnings 46,480 139,363
SHAREHOLDERS' FUNDS 46,580 139,463

Company's loss for the financial year (92,883 ) (35,671 )

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

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

COMPANY BALANCE SHEET - continued
31 JULY 2024



The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





N B Suresparan - Director


KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

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 100 152,696 152,796

Changes in equity
Total comprehensive income - 304,875 304,875
Balance at 31 July 2023 100 457,571 457,671

Changes in equity
Total comprehensive income - 296,907 296,907
Balance at 31 July 2024 100 754,478 754,578

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

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 100 175,034 175,134

Changes in equity
Total comprehensive income - (35,671 ) (35,671 )
Balance at 31 July 2023 100 139,363 139,463

Changes in equity
Total comprehensive income - (92,883 ) (92,883 )
Balance at 31 July 2024 100 46,480 46,580

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 863,324 613,228
Interest paid (238,143 ) (181,595 )
Tax paid (6,271 ) -
Net cash from operating activities 618,910 431,633

Cash flows from investing activities
Purchase of tangible fixed assets (93,441 ) (117,009 )
Net cash from investing activities (93,441 ) (117,009 )

Cash flows from financing activities
Loan repayments in year (55,801 ) (67,279 )
Amount introduced by directors - 20,000
Amount withdrawn by directors (20,000 ) -
Amounts received (paid ) to associates (486,300 ) (278,507 )
Net cash from financing activities (562,101 ) (325,786 )

Decrease in cash and cash equivalents (36,632 ) (11,162 )
Cash and cash equivalents at beginning of
year

2

45,300

56,462

Cash and cash equivalents at end of year 2 8,668 45,300

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

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 421,326 352,183
Depreciation charges 146,735 143,527
Finance costs 238,143 181,595
806,204 677,305
Increase in stocks (650 ) (580 )
Decrease/(increase) in trade and other debtors 90,558 (235,256 )
(Decrease)/increase in trade and other creditors (32,788 ) 171,759
Cash generated from operations 863,324 613,228

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 8,668 45,300
Year ended 31 July 2023
31.7.23 1.8.22
£    £   
Cash and cash equivalents 45,300 56,462


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 45,300 (36,632 ) 8,668
45,300 (36,632 ) 8,668
Debt
Debts falling due within 1 year (178,278 ) 122,478 (55,800 )
Debts falling due after 1 year (2,483,477 ) (66,677 ) (2,550,154 )
(2,661,755 ) 55,801 (2,605,954 )
Total (2,616,455 ) 19,169 (2,597,286 )

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

KPS 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 Care 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 company 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.

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company'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 amortization 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.

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.

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
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance

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.

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company 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 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, 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 2,177,906 1,735,050
Social security costs 178,630 134,906
Other pension costs 31,122 30,155
2,387,658 1,900,111

The average number of employees during the year was as follows:
2024 2023

Administration 3 3
Care Staff 81 74
84 77

The average number of employees by undertakings that were proportionately consolidated during the year was 84 (2023 - 77 ) .

2024 2023
£    £   
Directors' remuneration - 3,500

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 146,736 143,527
Auditors' remuneration 5,500 4,800

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 238,143 181,595

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. 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 118,434 6,271

Deferred tax 5,985 41,037
Tax on profit 124,419 47,308

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 421,326 352,183
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 21.006 %)

105,332

73,980

Effects of:
Depreciation in excess of capital allowances 13,102 1,828
Deferred tax 5,985 41,037
Utilisation of tax losses - (69,537 )
Total tax charge 124,419 47,308

7. 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 CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023 4,425,000 238,395 607,799 5,271,194
Additions - 27,846 65,595 93,441
At 31 July 2024 4,425,000 266,241 673,394 5,364,635
DEPRECIATION
At 1 August 2023 441,069 98,574 216,604 756,247
Charge for year 75,906 25,151 45,679 146,736
At 31 July 2024 516,975 123,725 262,283 902,983
NET BOOK VALUE
At 31 July 2024 3,908,025 142,516 411,111 4,461,652
At 31 July 2023 3,983,931 139,821 391,195 4,514,947

9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 6,202,539
NET BOOK VALUE
At 31 July 2024 6,202,539
At 31 July 2023 6,202,539

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. FIXED ASSET INVESTMENTS - continued

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

Subsidiary

Esteem Care Ltd (Reg:03658581)
Registered office: 5 Oakleigh Road, Pinner, England, HA5 4HB with effective from 8th of April 2025.
Nature of business: Residential nursing care facilities
%
Class of shares: holding
Ordinary shares 100.00
2024 2023
£    £   
Aggregate capital and reserves 6,225,460 5,835,671
Profit for the year 539,789 490,546


10. STOCKS

Group
2024 2023
£    £   
Finished goods 4,450 3,800

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 444,916 636,508 - -
Amounts owed by associates 967,257 816,988 570,000 570,000
Other debtors 136,257 38,758 - -
Prepayments and accrued income 44,966 41,431 - -
1,593,396 1,533,685 570,000 570,000

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 14) 55,800 178,278 55,800 178,278
Trade creditors 41,954 75,481 1 1
Amounts owed to group undertakings - - 1,947,587 1,822,895
Amounts owed to associates 2,034,432 2,370,464 2,151,374 2,127,374
Tax 118,555 6,392 - -
Social security and other taxes 43,509 30,344 - -
Other creditors 34,765 7,916 20,000 -
Directors' current accounts - 20,000 - 20,000
Accruals and deferred income 297,019 336,294 2,022 1,800
2,626,034 3,025,169 4,176,784 4,150,348

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 14) 2,550,154 2,483,477 2,550,154 2,483,477

14. 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 55,800 178,278 55,800 178,278
Amounts falling due between two and five years:
Bank loans - 2-5 years 2,550,154 2,483,477 2,550,154 2,483,477

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

15. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank loans 2,605,954 2,661,755

The £2.61 million (2023: £2.66 million) bank loan obtained from Metro Bank Plc is repayable in instalments over a period of 20 years.The loan was secured by

1.First Legal Charge over Banksfield Nursing Home, 20 Banksfield Avenue, Fulwood, Preston,
Lancashire, PR2 3RW and its associated assets which is owned by subsidiary Esteem Care Ltd.

2.First Legal Charge over Brandon House Nursing Home, Tongue Lane, Meanwood, Leeds,
West Yorkshire, LS6 4QD and its associated assets which is owned by subsidiary Esteem Care Ltd.

3.Debenture on fully owned subsidiary Esteem Care Ltd.

4.Debenture on KPS Care Ltd.

16. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 137,400 131,415

Group
Deferred
tax
£   
Balance at 1 August 2023 131,415
Provided during year 5,985
Balance at 31 July 2024 137,400

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

18. RESERVES

Group
Retained
earnings
£   

At 1 August 2023 457,571
Profit for the year 296,907
At 31 July 2024 754,478


19. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES


2024 2023
£ £
Mr N B Suresparan
Directors and shareholder
Loan provided by the director is interest free & unsecured
Amount due to related party at the balance sheet date - 20,000
====== ======















KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

20. RELATED PARTY DISCLOSURES

2024 2023
£ £
Priory Court Developments Ltd
A company is 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 (274,405 ) (245,556 )
======== ========

Tudor Bank Ltd
A company in which Mr N S Suresparan, Mr P Ketheeswaran, Ms S
Seevarajah & 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 (145,582 ) (169,655 )
====== ======

Ultimate Care Ltd
A company is 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 (1,430,633 ) (1,521,086 )
======= ======

JSS Holdings Ltd
A company is 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 4,943 22,378
======== ======

Europe Care Holdings Ltd
A company is 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 (32,294 ) (31,904 )
======== ======


Woolton Grange Ltd
A company is 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 31,138 (34,924 )
====== ======

KPS One Care Ltd

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024
A company in which Mr N S Suresparan, Mr P Ketheeswaran, Ms S
Seevarajah & 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 700,000 700,000
======= =======

Ayrus Ltd
A company is 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 - (19,554 )
======= =======

Byron Lodge (West Melton) Ltd
A company is 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 107,919 (116,081 )
======= =======
Mahogany House (Newtown) Limited
A company is 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 (151,518 ) (211,704 )
======= =======

LBT Holdings Ltd
A company is 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 22,000 2,000
======= =======

Flight Care Ltd
A company is 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 94,477 53,367
======= =======

Riversdale Northwest Ltd
A company is which, Mr N B Suresparan & Mrs V Suresparan
are directors and shareholders.
Amount due from (to) related party is interest free & unsecured 2,139 2,139
Loans. ======= =======
Amount due from (to) related party at the balance sheet date


The Dales (Northwest Ltd)

KPS CARE LIMITED (REGISTERED NUMBER: 10722985)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024
A company is which, Mr N B Suresparan & Mrs V Suresparan
are directors and shareholders.
Amount due from (to) related party is interest free & unsecured - 12,463
Loans. ======= =======
Amount due from (to) related party at the balance sheet date



Daleside Nursing Home Ltd
A company is which, Mr N B Suresparan & Mrs V Suresparan
are directors and shareholders.
Amount due from (to) related party is interest free & unsecured 4,641 4,641
Loans. ======= =======
Amount due from (to) related party at the balance sheet date




21. ULTIMATE CONTROLLING PARTY

KPS Care Ltd is the ultimate parent company of Esteem Care Ltd.

Mr N B Suresparan and Mrs V Suresparan are the ultimate controlling party of the group.

22. PRINCIPAL PLACE OF BUSINESS

The address of the company's principal place of business are:

a) Banksfield Nursing Home, 20 Banksfield Avenue, Fulwood, Preston, PR2 3RN
b) Brandon House Nursing Home, Tongue Lane, Leeds, LS6 4QD