Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07032810 Dr V R Srinivasan Mrs W Premachandra Dr P K Premachandra Dr P K Premachandra iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07032810 2023-09-30 07032810 2024-09-30 07032810 2023-10-01 2024-09-30 07032810 frs-core:CurrentFinancialInstruments 2024-09-30 07032810 frs-core:Non-currentFinancialInstruments 2024-09-30 07032810 frs-core:FurnitureFittings 2024-09-30 07032810 frs-core:FurnitureFittings 2023-10-01 2024-09-30 07032810 frs-core:FurnitureFittings 2023-09-30 07032810 frs-core:NetGoodwill 2024-09-30 07032810 frs-core:NetGoodwill 2023-10-01 2024-09-30 07032810 frs-core:NetGoodwill 2023-09-30 07032810 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 07032810 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07032810 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 07032810 frs-core:ShareCapital 2024-09-30 07032810 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07032810 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07032810 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07032810 frs-bus:SmallEntities 2023-10-01 2024-09-30 07032810 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07032810 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07032810 frs-bus:Director1 2023-10-01 2024-09-30 07032810 frs-bus:Director2 2023-10-01 2024-09-30 07032810 frs-bus:Director3 2023-10-01 2024-09-30 07032810 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 07032810 frs-countries:EnglandWales 2023-10-01 2024-09-30 07032810 2022-09-30 07032810 2023-09-30 07032810 2022-10-01 2023-09-30 07032810 frs-core:CurrentFinancialInstruments 2023-09-30 07032810 frs-core:Non-currentFinancialInstruments 2023-09-30 07032810 frs-core:ShareCapital 2023-09-30 07032810 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07032810
Reliance Care Homes Limited
Financial Statements
For The Year Ended 30 September 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07032810
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,532 18,800
Tangible Assets 5 1,352,513 1,385,157
1,365,045 1,403,957
CURRENT ASSETS
Debtors 6 151,501 151,429
Cash at bank and in hand 523,569 479,853
675,070 631,282
Creditors: Amounts Falling Due Within One Year 7 (290,028 ) (297,374 )
NET CURRENT ASSETS (LIABILITIES) 385,042 333,908
TOTAL ASSETS LESS CURRENT LIABILITIES 1,750,087 1,737,865
Creditors: Amounts Falling Due After More Than One Year 8 (507,966 ) (613,473 )
NET ASSETS 1,242,121 1,124,392
CAPITAL AND RESERVES
Called up share capital 9 104 104
Profit and Loss Account 1,242,017 1,124,288
SHAREHOLDERS' FUNDS 1,242,121 1,124,392
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr V R Srinivasan
Director
22nd May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Reliance Care Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07032810 . The registered office is C/O 55 Hoghton Street, Southport, Merseyside, PR9 0PG. 
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% reducing balance
Fixtures & Fittings 15% reducing balance
2.5. Taxation
The tax expense for the period comprises current and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 48 (2023: 47)
48 47
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 91,608
As at 30 September 2024 91,608
Amortisation
As at 1 October 2023 72,808
Provided during the period 6,268
As at 30 September 2024 79,076
Net Book Value
As at 30 September 2024 12,532
As at 1 October 2023 18,800
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 1,619,089 124,298 1,743,387
As at 30 September 2024 1,619,089 124,298 1,743,387
Depreciation
As at 1 October 2023 271,924 86,306 358,230
Provided during the period 26,944 5,700 32,644
As at 30 September 2024 298,868 92,006 390,874
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 September 2024 1,320,221 32,292 1,352,513
As at 1 October 2023 1,347,165 37,992 1,385,157
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 79,920 79,920
Other debtors 71,581 71,509
151,501 151,429
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 145,247 120,509
Other creditors 19,442 24,768
Taxation and social security 125,339 152,097
290,028 297,374
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 507,966 613,473
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 104 104
Page 5