UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ALBANY CARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTORS:

R S Patel

Mrs M H Shah

SECRETARY:

Mrs M H Shah

REGISTERED OFFICE:

Canjayar

Tydcombe Road

Warlingham

Surrey

CR6 9LU

REGISTERED NUMBER:

05636745 (England and Wales)

ACCOUNTANTS:

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

FIXED ASSETS

Tangible assets

4

2,403,145

2,404,082

CURRENT ASSETS

Debtors

5

85,571

48,818

Cash at bank

115,952

24,655

201,523

73,473

CREDITORS

Amounts falling due within one year

6

976,697

897,407

NET CURRENT LIABILITIES

(775,174

)

(823,934

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,627,971

1,580,148

CREDITORS

Amounts falling due after more than one year

7

197,921

307,691

NET ASSETS

1,430,050

1,272,457

CAPITAL AND RESERVES

Called up share capital

4,002

4,002

Retained earnings

1,426,048

1,268,455

SHAREHOLDERS' FUNDS

1,430,050

1,272,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:

R S Patel - Director

1.	STATUTORY INFORMATION

Albany 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 Company Information page.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

Government grants

Grant income is recognised in the profit and loss on the accruals basis.

The company received government support during the previous year through the Corona Virus Job Retention Scheme, Covid 19 Statutory Sick Pay Enhancement Scheme and Adult Social Care Infection Control Fund

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 43 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2023

2,379,171

258,906

46,580

2,684,657

Additions

-

19,494

1,336

20,830

At 30 September 2024

2,379,171

278,400

47,916

2,705,487

DEPRECIATION

At 1 October 2023

-

245,784

34,791

280,575

Charge for year

-

13,285

8,482

21,767

At 30 September 2024

-

259,069

43,273

302,342

NET BOOK VALUE

At 30 September 2024

2,379,171

19,331

4,643

2,403,145

At 30 September 2023

2,379,171

13,122

11,789

2,404,082

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

67,660

30,460

Prepayments

17,911

18,358

85,571

48,818

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

113,375

111,122

Other loans (see note 8)

557,813

571,571

Trade creditors

104,796

52,401

Tax

71,851

18,353

Other creditors

81,041

107,637

Accrued expenses

47,821

36,323

976,697

897,407

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

197,921

307,691

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

113,375

111,122

Shareholders loans

557,813

571,571

671,188

682,693

2024

2023

£

£

Amounts falling due between one and two years:

Bank loans

197,921

307,691

9.	ULTIMATE CONTROLLING PARTY

The Directors consider that there is no Ultimate Controlling Party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Albany Care Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Albany Care Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Albany Care Limited and state those matters that we have agreed to state to the Board of Directors of Albany Care Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Albany Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Albany Care Limited. You consider that Albany Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Albany Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

20 June 2025