| REGISTERED NUMBER: |
| REPORT OF THE MEMBERS AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| ALTOGETHER CARE LLP |
| REGISTERED NUMBER: |
| REPORT OF THE MEMBERS AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| ALTOGETHER CARE LLP |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| Page |
| General Information | 1 |
| Report of the Members | 2 |
| Report of the Independent Auditors | 4 |
| Income Statement | 8 |
| Other Comprehensive Income | 9 |
| Balance Sheet | 10 |
| Reconciliation of Members' Interests | 12 |
| Cash Flow Statement | 16 |
| Notes to the Cash Flow Statement | 17 |
| Notes to the Financial Statements | 19 |
| ALTOGETHER CARE LLP |
| GENERAL INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and Statutory Auditor |
| 3 Durrant Road |
| Bournemouth |
| Dorset |
| BH2 6NE |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| REPORT OF THE MEMBERS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| The members present their report with the financial statements of the LLP for the year ended 31 August 2024. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company is to provide residential care services for the elderly. |
| REVIEW OF BUSINESS |
| The company achieved a turnover of £4,387,209 compared to £5,229,190 in the previous year; a decrease of £841,981 (16.1%). The company generated a total profit of £722,248 (2023 - £863,208); a decreased of £140,960 (16.3%).The reduction can be attributed to the sale of a care home in the period. |
| The limited liability partnership's key financial and other performance indicators during the year were as |
| follows: |
| Beds | 2024 | 2023 |
| Revenue per bed | 72 | 60,939 | 50,281 |
| The company's non-financial key performance indicators are occupancy rates of beds. |
| Principal risks and uncertainties |
| Competitive and market risks |
| The company is subject to competitive markets which it mitigates with competitive pricing and confidence in the quality of care it provides. |
| Exposure to Credit, Liquidity and Cash Flow Risk |
| The company's operations include significant contracts with local authorities and primary care trusts to provide care within their care homes. These contracts are for fixed periods of time and the directors are satisfied that the company has limited exposure to credit risk as these services are, essentially, centrally funded and pay within the agreed terms. The company's liquidity risk is managed by ensuring reasonable trade credit payment terms with its suppliers and maintaining significant cash balances. |
| Regulatory Risk |
| The care sector is a highly regulated environment requiring specialist skills and training to work within the community. Management ensure all staff have sufficient training to deliver a high standard of care. |
| DESIGNATED MEMBERS |
| The designated members during the year under review were: |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| REPORT OF THE MEMBERS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
| The profit for the year before members' remuneration and profit shares was £733,727 (2023 - £863,208 profit). |
| MEMBERS' INTERESTS |
| STATEMENT OF MEMBERS' RESPONSIBILITIES |
| The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations. |
| Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members 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 LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members 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 LLP will continue in business. |
| The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP 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 members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he or she ought to have taken as a member in order to make himself or herself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information. |
| AUDITORS |
| The auditors, Carter & Coley Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| ON BEHALF OF THE MEMBERS: |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| ALTOGETHER CARE LLP |
| Opinion |
| We have audited the financial statements of Altogether Care LLP (the 'LLP') for the year ended 31 August 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Reconciliation of Members' Interests, Cash Flow Statement and Notes to the 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 LLP's affairs as at 31 August 2024 and of its 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. |
| 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 LLP 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 members' 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 LLP'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 members with respect to going concern are described in the relevant sections of this report. |
| Other information |
| The members are responsible for the other information. The other information comprises the information in the Report of the Members, 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. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| ALTOGETHER CARE LLP |
| Matters on which we are required to report by exception |
| We have nothing to report in respect of the following matters where the Companies Act 2006 as applied to LLPs requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the financial statements are not in agreement with the accounting records and returns; or |
| - | we have not received all the information and explanations we require for our audit. |
| Responsibilities of members |
| As explained more fully in the Statement of Members' Responsibilities set out on page three, the members 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 members 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 members are responsible for assessing the LLP'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 members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| ALTOGETHER CARE LLP |
| 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: |
| In order that we can understand the legal and regulatory frameworks that apply to the company we have utilised our existing knowledge of the business and this has been supported by discussions with directors. The audit team are briefed on these laws and regulations so that they can remain vigilant for non-compliance throughout the entire audit process. |
| The operational regulations which directly affect the financial statements or their notes include: |
| - Care Quality Commission regulations |
| - Health and safety laws |
| - GDPR |
| - Food hygiene laws |
| - Employment law and pension law |
| Any non-compliance with these operational regulations could result in fines and penalties that may have a material impact on the amounts disclosed within the financial statements. |
| Our method of identifying risks of material misstatement due to fraud include assessing events and conditions within the company that may be more susceptible to fraud due to the opportunities or incentives that exist therein. We have made enquiries to directors regarding their knowledge of any instances of fraud and we have investigated unusual transactions and unexpected relationships. We consider the potential for fraud to be highest in the areas of recognition of income and misappropriation of income. |
| Audit procedures are designed to respond to risks of material misstatement due to irregularities, including fraud. |
| As a result of our risk assessment procedures, we have planned and performed the following procedures to identify non-compliance with laws and regulations described above: |
| - Testing the disclosures contained within the financial statements to supporting evidence and ensuring compliance with relevant laws and regulations identified as having an effect on the financial statements. |
| - Discussion with directors relating to non-compliance with the laws and regulations identified as having an effect on the financial statements. |
| - Reviewing Care Quality Commission inspection reports to identify any non-compliance with laws and regulations. |
| - Performing substantive testing with regards to employees. Ensuring that employment contracts are on file, payroll is being operated correctly and, where necessary, pension deductions are being made. |
| - Performing analytical procedures to identify unusual and unexpected transactions that indicate potential material misstatement due to fraud. |
| - Controls related to revenue recognition were reviewed and substantive testing was undertaken to ensure that revenue is recognised in line with the company's accounting policy and in line with accounting standards. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| ALTOGETHER CARE LLP |
| - Risks relating to management override of controls were addressed by testing the appropriateness of journal entries and other adjustments. An assessment of whether accounting estimates are indicative of potential bias was undertaken. |
| - Unusual transactions were reviewed with directors to ensure that the commercial reasoning was reasonable within the normal course of business. |
| Due to the inherent limitations of an audit, there is an unavoidable risk that, despite properly planning and performing our audit in accordance with auditing standards, some material misstatements may not have been detected. |
| Auditing standards limit the audit procedures required to identify non-compliance with other operational laws and regulations to enquiry of directors and management and inspection of any correspondence. If a breach of operational regulations is not evident from relevant correspondence or disclosed to us, an audit is unlikely to detect that breach. In addition, the further removed non-compliance with laws and regulations is from the events and transactions included in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. |
| In addition, the risk of not detecting material misstatement due to fraud is higher than the risk of one not being detected through error as fraud may involve deliberate concealment through collusion, forgery, misrepresentations and intentional omissions. |
| 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 LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP'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 LLP and the LLP'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 Accountants and Statutory Auditor |
| 3 Durrant Road |
| Bournemouth |
| Dorset |
| BH2 6NE |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| INCOME STATEMENT |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 697,577 | 928,952 |
| Other operating income |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| 878,149 | 1,015,307 |
| Interest payable and similar expenses | 5 |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
733,727 |
863,208 |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
733,727 |
863,208 |
| Members' remuneration charged as an expense |
6 |
(733,727 |
) |
(863,208 |
) |
| PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| OTHER COMPREHENSIVE INCOME |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| OTHER COMPREHENSIVE INCOME |
| Revaluation gains |
| OTHER COMPREHENSIVE INCOME FOR THE YEAR |
- |
2,048,827 |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| BALANCE SHEET |
| 31 AUGUST 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 7 |
| Tangible assets | 8 |
| CURRENT ASSETS |
| Stocks | 9 |
| Debtors | 10 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 11 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
12 |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
16,491,251 |
14,863,446 |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| BALANCE SHEET - continued |
| 31 AUGUST 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
16 |
3,522,242 |
1,894,437 |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 10,700,000 | 10,700,000 |
| Revaluation reserve | 17 |
| 16,491,251 | 14,863,446 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 16 | 3,522,242 | 1,894,437 |
| Members' other interests | 12,969,009 | 12,969,009 |
| Amounts due from members | 10 | (1,027,370 | ) | (696,027 | ) |
| 15,463,881 | 14,167,419 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| RECONCILIATION OF MEMBERS' INTERESTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| EQUITY |
| Members' other interests |
| Members' |
| capital |
| (classified |
| as | Revaluation | Other |
| equity) | reserve | reserves | Total |
| £ | £ | £ | £ |
| Balance at 1 September 2023 | 10,700,000 | 2,269,009 | - | 12,969,009 |
| Members' remuneration charged as an expense, including employment and retirement benefit costs |
- |
- |
- |
- |
| Profit for the financial year available for discretionary division among members |
- |
- |
- |
- |
| Members' interests after profit for the year | 10,700,000 | 2,269,009 | - | 12,969,009 |
| Introduced by members | - | - | - | - |
| Drawings on account and distributions of profit | - | - | - | - |
| Balance at 31 August 2024 | 10,700,000 | 2,269,009 | - | 12,969,009 |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| RECONCILIATION OF MEMBERS' INTERESTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| DEBT | TOTAL |
| Loans and other debts due to | MEMBERS' |
| members less any amounts due | INTERESTS |
| from members in debtors |
| Other |
| amounts | Total |
| £ | £ |
| Amount due to members | 1,894,437 |
| Amount due from members | (696,027 | ) |
| Balance at 1 September 2023 | 1,198,410 | 14,167,419 |
| Members' remuneration charged as an expense, including employment and retirement benefit costs |
733,727 |
733,727 |
| Profit for the financial year available for discretionary division among members |
- |
- |
| Members' interests after profit for the year | 1,932,137 | 14,901,146 |
| Introduced by members | 2,043,426 | 2,043,426 |
| Drawings on account and distributions of profit | (1,480,691 | ) | (1,480,691 | ) |
| Amount due to members | 3,522,242 |
| Amount due from members | (1,027,370 | ) |
| Balance at 31 August 2024 | 2,494,872 | 15,463,881 |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| RECONCILIATION OF MEMBERS' INTERESTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| EQUITY |
| Members' other interests |
| Members' |
| capital |
| (classified |
| as | Revaluation | Other |
| equity) | reserve | reserves | Total |
| £ | £ | £ | £ |
| Balance at 1 September 2022 | 13,200,000 | 220,182 | - | 13,420,182 |
| Members' remuneration charged as an expense, including employment and retirement benefit costs |
- |
- |
- |
- |
| Profit for the financial year available for discretionary division among members |
- |
- |
- |
- |
| Members' interests after profit for the year | 13,200,000 | 220,182 | - | 13,420,182 |
| Gain in period | - | 2,048,827 | - | 2,048,827 |
| Introduced by members | - | - | - | - |
| Repayments of capital | (2,500,000 | ) | - | - | (2,500,000 | ) |
| Drawings on account and distributions of profit | - | - | - | - |
| Balance at 31 August 2023 | 10,700,000 | 2,269,009 | - | 12,969,009 |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| RECONCILIATION OF MEMBERS' INTERESTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| DEBT | TOTAL |
| Loans and other debts due to | MEMBERS' |
| members less any amounts due | INTERESTS |
| from members in debtors |
| Other |
| amounts | Total |
| £ | £ |
| Amount due to members | 483,583 |
| Amount due from members | (2,236,881 | ) |
| Balance at 1 September 2022 | (1,753,298 | ) | 11,666,884 |
| Members' remuneration charged as an expense, including employment and retirement benefit costs |
863,208 |
863,208 |
| Profit for the financial year available for discretionary division among members |
- |
- |
| Members' interests after profit for the year | (890,090 | ) | 12,530,092 |
| Gain in period | - | 2,048,827 |
| Introduced by members | 3,187,824 | 3,187,824 |
| Repayments of capital | - | (2,500,000 | ) |
| Drawings on account and distributions of profit | (1,099,324 | ) | (1,099,324 | ) |
| Amount due to members | 1,894,437 |
| Amount due from members | (696,027 | ) |
| Balance at 31 August 2023 | 1,198,410 | 14,167,419 |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 2 |
| Interest paid | ( |
) | ( |
) |
| Net cash from operating activities |
| Cash flows from investing activities |
| Purchase of tangible fixed assets | ( |
) |
| Sale of tangible fixed assets |
| Interest received |
| Net cash from investing activities | ( |
) |
| Transactions with members and former | members |
| Payments to members | (1,480,691 | ) | (3,599,324 | ) |
| Contributions by members | 2,043,426 | 3,187,824 |
| 562,735 | (411,500 | ) |
| Cash flows from other financing activities |
| Loan repayments in year | ( |
) | ( |
) |
| Net cash from financing activities | ( |
) |
| Increase in cash and cash equivalents |
| Cash and cash equivalents at beginning of year |
3 |
1,922,925 |
1,634,527 |
| Cash and cash equivalents at end of year | 3 |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| NOTES TO THE CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 1. | CLASSIFICATION OF SHARE OF PROFITS IN THE CASH FLOW STATEMENT |
| Share of profits have been included within operating cash flows. |
| 2. | RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS TO CASH GENERATED FROM OPERATIONS |
| 2024 | 2023 |
| £ | £ |
| Profit for the financial year available for discretionary division among members |
- |
- |
| Members' remuneration charged as an expense | 733,727 | 863,208 |
| Depreciation charges |
| Loss on disposal of fixed assets |
| Finance costs | 144,422 | 152,099 |
| Finance income | (133,115 | ) | (53,918 | ) |
| 849,729 | 1,043,557 |
| Decrease in stocks |
| Decrease/(increase) in trade and other debtors | ( |
) |
| (Decrease)/increase in trade and other creditors | ( |
) |
| Cash generated from operations |
| 3. | 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 August 2024 |
| 31/8/24 | 1/9/23 |
| £ | £ |
| Cash and cash equivalents | 5,158,008 | 1,948,655 |
| Bank overdrafts | ( |
) | ( |
) |
| 5,138,499 | 1,922,925 |
| Year ended 31 August 2023 |
| 31/8/23 | 1/9/22 |
| £ | £ |
| Cash and cash equivalents | 1,948,655 | 1,658,231 |
| Bank overdrafts | ( |
) | ( |
) |
| 1,922,925 | 1,634,527 |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| NOTES TO THE CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 4. | ANALYSIS OF CHANGES IN NET DEBT |
| Other |
| non-cash |
| At 1/9/23 | Cash flow | changes | At 31/8/24 |
| £ | £ | £ | £ |
| Net cash |
| Cash at bank |
| and in hand | 1,948,655 | 3,209,353 | 5,158,008 |
| Bank overdrafts | (25,730 | ) | 6,221 | (19,509 | ) |
| 1,922,925 | 5,138,499 |
| Debt |
| Debts falling due |
| within 1 year | (208,611 | ) | (24,308 | ) | - | (232,919 | ) |
| Debts falling due |
| after 1 year | (3,386,007 | ) | 231,576 | - | (3,154,431 | ) |
| (3,594,618 | ) | 207,268 | - | (3,387,350 | ) |
| Net (debt)/funds (before |
| members' debt) | (1,671,693 | ) | 3,422,842 | - | 1,751,149 |
| Loans and other debts |
| due to members |
| Other amounts |
| due to members | (1,894,437 | ) | (562,735 | ) | (1,065,070 | ) | (3,522,242 | ) |
| Net debt | (3,566,130 | ) | 2,860,107 | (1,065,070 | ) | (1,771,093 | ) |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 1. | STATUTORY INFORMATION |
| Altogether Care LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received. excluding discounts, rebates, VAT and other sales tax or duty. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Land and buildings is made up of two distinct class of assets. The first class, care homes, are held at valuation and no depreciation has been charged in the year. The second class of assets relates to residential homes used in the trade of the LLP to provide rental housing for members of staff. This class of assets is made up of land which has not been depreciated and buildings which have been depreciated on a 100 year straight line basis. |
| Fixed assets are initially 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. |
| 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. |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEE INFORMATION |
| 2024 | 2023 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| The average number of employees during the year was as follows: |
| 2024 | 2023 |
| Admin | 4 | 4 |
| Care | 101 | 120 |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2024 | 2023 |
| £ | £ |
| Hire of plant and machinery |
| Other operating leases |
| Depreciation - owned assets |
| Loss on disposal of fixed assets |
| Goodwill amortisation |
| Auditors' remuneration |
| 5. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 2024 | 2023 |
| £ | £ |
| Bank loan interest |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 6. | INFORMATION IN RELATION TO MEMBERS |
| 2024 | 2023 |
| £ | £ |
| Members' remuneration charged as an expense |
| Share of profits/(losses) | (550,273 | ) | (420,792 | ) |
| Partners' interest on capital | 1,284,000 | 1,284,000 |
| Total remuneration | 733,727 | 863,208 |
| 2024 | 2023 |
| £ | £ |
| The amount of profit attributable to the member with the largest entitlement was | 431,884 |
484,784 |
| 2024 | 2023 |
| The average number of members during the year was | 6 | 6 |
| 7. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 September 2023 |
| and 31 August 2024 |
| AMORTISATION |
| At 1 September 2023 |
| Amortisation for year |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 8. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and | Motor | Computer |
| property | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 September 2023 |
| Disposals | ( |
) | ( |
) |
| At 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 |
| Charge for year |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| Cost or valuation at 31 August 2024 is represented by: |
| Fixtures |
| Freehold | and | Motor | Computer |
| property | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 2004 | 1,754,601 | - | - | - | 1,754,601 |
| Valuation in 2006 | 120,399 | - | - | - | 120,399 |
| Valuation in 2009 | 2,619,719 | - | - | - | 2,619,719 |
| Valuation in 2019 | (56,241 | ) | - | - | - | (56,241 | ) |
| Valuation in 2023 | 2,048,827 | - | - | - | 2,048,827 |
| Cost | 5,895,482 | 555,727 | 142,750 | 37,271 | 6,631,230 |
| 12,382,787 | 555,727 | 142,750 | 37,271 | 13,118,535 |
| Freehold properties were valued on an open market basis on 31 August 2024 by the members. . |
| 9. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Stocks |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 10. | DEBTORS |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts due from members | 1,027,370 | 696,027 |
| Other debtors |
| Prepayments and accrued income |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts (see note 13) |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans (see note 13) |
| 13. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Bank loans - less than 1 yr |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 13. | LOANS - continued |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 1,852,374 | 2,219,838 |
| 14. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| 15. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| The bank loan is secured against all assets of the LLP. |
| 16. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 2024 | 2023 |
| £ | £ |
| Amounts owed to members in respect of profits | 3,522,242 | 1,894,437 |
| Falling due within one year | 3,522,242 | 1,894,437 |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 17. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 September 2023 |
| At 31 August 2024 |
| 18. | CONTINGENT LIABILITIES |
| Altogether Care LLP is a member of a VAT group in which Altogether Care - Contract Management Ltd is the representative member. Altogether Care LLP is jointly and severally liable for any VAT debts that occur as a result of filings made on behalf of this group. At the balance sheet date the total amount owed to HM Revenue and Customs by Altogether Care - Contract Management Ltd in respect of VAT is £90,952 (2023 - £189,055). |
| ALTOGETHER CARE LLP (REGISTERED NUMBER: OC307772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 19. | RELATED PARTY DISCLOSURES |
| Altogether Care - Care at Home Ltd |
| A company under common control and a member of the LLP. |
| At the balance sheet date Altogether Care LLP had received loans from Altogether Care - Care at Home Ltd of £2,894,330 (2023 - £1,180,456). These loans are interest free and repayable on demand. These loans are disclosed within loans and other debts due to members. |
| At the balance sheet date Altogether Care - Care at Home Ltd had received loans from Altogether Care LLP of £1,016,205 (2023 - £1,078,385). These loans bear interest at a market rate and are repayable in installments as disclosed within the financial statements. |
| Altogether Care - Care Homes Ltd |
| A company under common control and a member of the LLP. |
| At the balance sheet date Altogether Care LLP had received loans from Altogether Care - Care Homes Ltd of £627,912 (2023 - £644,600).These loans are interest free and repayable on demand. These loans are disclosed within loans and other debts due to members. |
| Altogether Care - Contract Management Ltd |
| A company under common control. |
| At the balance sheet date Altogether Care - Contract Management Ltd had received loans from Altogether Care LLP of £203,449 (2023 - £126,739). These loans are interest free and repayable on demand. These loans are disclosed within debtors falling due within one year. |
| Imagine Dressage Ltd |
| A company in which a partner of Altogether Care LLP is the sole director and shareholder. |
| At the balance sheet date Imagine Dressage Ltd had received loans from Altogether Care - Care at Home Ltd of £49,000 (2023 - £49,000). |
| The accounts for Imagine Dressage Ltd indicate that it is unlikely that the loan can be repaid and full provision has been made for the original capital sum of £49,000. |
| This loan was interest free and repayable on demand and was disclosed within debtors falling due within one year. |
| Butt Farm |
| A partnership under common control. |
| During the period Altogether Care LLP paid rent to Butt Farm of £68,919 (2023 - £68,052). |