Registered number
05993128
Core Prospects Care Services Limited
Filleted Accounts
30 November 2024
Core Prospects Care Services Limited
Registered number: 05993128
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 787,742 779,961
Investments 4 1 -
787,743 779,961
Current assets
Debtors 5 516,478 64,099
Cash at bank and in hand 79,031 144,478
595,509 208,577
Creditors: amounts falling due within one year 6 (199,942) (86,144)
Net current assets 395,567 122,433
Total assets less current liabilities 1,183,310 902,394
Creditors: amounts falling due after more than one year 7 (579,102) (369,330)
Provisions for liabilities (8,467) (6,755)
Net assets 595,741 526,309
Capital and reserves
Called up share capital 2 2
Profit and loss account 595,739 526,307
Shareholders' funds 595,741 526,309
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Beccles
Director
Approved by the board on 16 June 2025
Core Prospects Care Services Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings The property is not being depreciated
Fixtures and fittings 15% reducing balance method
Computer equipment 33% reducing balance method
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 24
3 Tangible fixed assets
Freehold property Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 1 December 2023 749,257 78,920 31,032 859,209
Additions - - 20,507 20,507
At 30 November 2024 749,257 78,920 51,539 879,716
Depreciation
At 1 December 2023 - 55,728 23,520 79,248
Charge for the year - 3,479 9,247 12,726
At 30 November 2024 - 59,207 32,767 91,974
Net book value
At 30 November 2024 749,257 19,713 18,772 787,742
At 30 November 2023 749,257 23,192 7,512 779,961
4 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 1
At 30 November 2024 1
5 Debtors 2024 2023
£ £
Trade debtors 100,902 49,143
Amounts owed by group undertakings and undertakings in which the company has a participating interest 380,554 -
Other debtors 35,022 14,956
516,478 64,099
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 7,775 7,640
Trade creditors 72,504 24,554
Taxation and social security costs 42,576 19,505
Other creditors 77,087 34,445
199,942 86,144
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 8,757 4,682
Other creditors 570,345 364,648
579,102 369,330
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 285,809 263,249
9 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 38,285 21,363
10 Controlling party
There is no ultimate controlling party.
11 Other information
Core Prospects Care Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Core Prospects Care Services Limited 05993128 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts April 2025 L Beccles No description of principal activity 05993128 2022-12-01 2023-11-30 05993128 core:WithinOneYear 2023-11-30 05993128 core:AfterOneYear 2023-11-30 05993128 core:ShareCapital 2023-11-30 05993128 core:RetainedEarningsAccumulatedLosses 2023-11-30 05993128 core:AllPeriods 2023-11-30 05993128 2023-12-01 2024-11-30 05993128 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05993128 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 05993128 bus:Director40 2023-12-01 2024-11-30 05993128 1 2023-12-01 2024-11-30 05993128 2 2023-12-01 2024-11-30 05993128 core:LandBuildings 2023-12-01 2024-11-30 05993128 core:PlantMachinery 2023-12-01 2024-11-30 05993128 core:Vehicles 2023-12-01 2024-11-30 05993128 countries:England 2023-12-01 2024-11-30 05993128 bus:FRS102 2023-12-01 2024-11-30 05993128 bus:FilletedAccounts 2023-12-01 2024-11-30 05993128 2024-11-30 05993128 core:WithinOneYear 2024-11-30 05993128 core:AfterOneYear 2024-11-30 05993128 core:ShareCapital 2024-11-30 05993128 core:RetainedEarningsAccumulatedLosses 2024-11-30 05993128 core:LandBuildings 2024-11-30 05993128 core:PlantMachinery 2024-11-30 05993128 core:Vehicles 2024-11-30 05993128 core:AdditionsToInvestments 2024-11-30 05993128 core:AllPeriods 2024-11-30 05993128 2023-11-30 05993128 core:LandBuildings 2023-11-30 05993128 core:PlantMachinery 2023-11-30 05993128 core:Vehicles 2023-11-30 iso4217:GBP xbrli:pure