| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Homecare Association Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Homecare Association Limited |
| Homecare Association Limited (Registered number: 03083104) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4 |
| Homecare Association Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Old Printers Yard |
| 156 South Street |
| Dorking |
| Surrey |
| RH4 2HF |
| Homecare Association Limited (Registered number: 03083104) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| RESERVES |
| Income and expenditure account | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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 surplus or deficit 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 were approved by the Board of Directors and authorised for issue on |
| Homecare Association Limited (Registered number: 03083104) |
| Statement of Changes in Equity |
| for the Year Ended 31 March 2025 |
| Retained | Total |
| earnings | equity |
| £ | £ |
| Balance at 1 April 2023 | ( |
) | ( |
) |
| Changes in equity |
| Total comprehensive income |
| Balance at 31 March 2024 | ( |
) | ( |
) |
| Changes in equity |
| Total comprehensive income |
| Balance at 31 March 2025 | ( |
) | ( |
) |
| Homecare Association Limited (Registered number: 03083104) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Homecare Association Limited is a not-for-profit private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Accounting convention |
| 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. |
| Turnover |
| Revenue is measured at the fair value of the consideration receivable and represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. |
| Membership and renewal subscriptions are recognised over the period in which the membership applies and in accordance with the stage of performance by the company. The Association has no material exposure to foreign currency risk. |
| Income from workshops and conferences is recognised at the time they take place. Advance booking receipts are dealt with as deferred income. |
| Intangible assets |
| Intangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of amortisation and any impairment losses. |
| Amortisation is recognised so as to write off the cost or valuation of the assets less their residual values over their useful lives on the following bases: |
| Software Development | 33% Straight Line |
| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit. |
| Tangible fixed assets |
| Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
| Depreciation is recognised so as to write off the cost or valuation of the assets less their residual values over their useful lives on the following bases: |
| Plant and machinery | 33% Straight Line |
| Fixtures, fittings & equipment | 20% Straight Line |
| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Homecare Association Limited (Registered number: 03083104) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| Leasing commitments |
| Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INTANGIBLE FIXED ASSETS |
| DBS |
| development |
| costs |
| £ |
| COST |
| At 1 April 2024 |
| Disposals | ( |
) |
| At 31 March 2025 |
| AMORTISATION |
| At 1 April 2024 |
| Amortisation for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Homecare Association Limited (Registered number: 03083104) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2024 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Tax |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 57,334 | 55,059 |
| Other creditors |
| Deferred income |
| Accrued expenses |
| 9. | OPERATING LEASE COMMITMENTS |
| At 31 March 2025 the company had outstanding commitment for future minimum lease payments under non-cancellable operating leases of £107,060 (2024: £104,220) |
| 10. | RELATED PARTY DISCLOSURES |
| Homecare Association Limited is a member-led professional association to promote high quality, sustainable care services for people living at home and in their local community. The member organisations pay annual membership subscriptions to Homecare Association Limited. The board of directors consists of representatives appointed from those member organisations. During the year Homecare Association Limited received £163,850 (2024 - £167,459) in membership subscriptions from the Directors member organisation. |
| Homecare Association Limited (Registered number: 03083104) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 11. | MEMBERS' LIABILITY |
| The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1 |
| 12. | BASIS OF PREPARATION |
| The basis of preparation of the financial statements has been considered in the Report of the Directors. The directors consider that the going concern basis is appropriate as the net liabilities figure at the balance sheet date is due to deferred income carried forward. The future income and expenditure is anticipated to return the reserves to a small surplus. |