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REGISTERED NUMBER: 03083104 (England and Wales)









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: J K Townson Philpott
L G Campbell
N N Cross
M C Jones
C A Leavold-Todd
C Mainland
J R A Rennison
M Ross
S T Lowrie
G R Fee
M S A Ramzanali
C Southgate
G D J Stone
T J Wilson
K R Wordley





SECRETARY: G D J Stone





REGISTERED OFFICE: Mercury House
117 Waterloo Road
London
SE1 8UL





REGISTERED NUMBER: 03083104 (England and Wales)





ACCOUNTANTS: Bullimores LLP
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 - 15,233
Tangible assets 6 11,322 18,975
11,322 34,208

CURRENT ASSETS
Stocks 10,967 13,356
Debtors 7 231,682 202,090
Cash at bank 474,520 411,782
717,169 627,228
CREDITORS
Amounts falling due within one year 8 744,784 733,477
NET CURRENT LIABILITIES (27,615 ) (106,249 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,293

)

(72,041

)

RESERVES
Income and expenditure account (16,293 ) (72,041 )
(16,293 ) (72,041 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 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 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 25 June 2025 and were signed on its behalf by:





S T Lowrie - Director


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 (117,647 ) (117,647 )

Changes in equity
Total comprehensive income 45,606 45,606
Balance at 31 March 2024 (72,041 ) (72,041 )

Changes in equity
Total comprehensive income 55,748 55,748
Balance at 31 March 2025 (16,293 ) (16,293 )

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

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.

3. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost 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 Development33% 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 machinery33% Straight Line
Fixtures, fittings & equipment20% 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 18 (2024 - 20 ) .

5. INTANGIBLE FIXED ASSETS
DBS
development
costs
£   
COST
At 1 April 2024 78,171
Disposals (76,971 )
At 31 March 2025 1,200
AMORTISATION
At 1 April 2024 62,938
Amortisation for year 15,157
Eliminated on disposal (76,895 )
At 31 March 2025 1,200
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 15,233

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 66,726 13,608 80,334
Disposals (44,047 ) (1,152 ) (45,199 )
At 31 March 2025 22,679 12,456 35,135
DEPRECIATION
At 1 April 2024 57,528 3,831 61,359
Charge for year 4,199 2,494 6,693
Eliminated on disposal (43,087 ) (1,152 ) (44,239 )
At 31 March 2025 18,640 5,173 23,813
NET BOOK VALUE
At 31 March 2025 4,039 7,283 11,322
At 31 March 2024 9,198 9,777 18,975

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 146,072 142,064
Other debtors 20,224 19,260
Tax 2,909 -
Prepayments and accrued income 62,477 40,766
231,682 202,090

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 85,694 75,348
Corporation tax - 3,583
Social security and other taxes 25,840 23,353
VAT 57,334 55,059
Other creditors 5,996 9,367
Deferred income 562,984 561,367
Accrued expenses 6,936 5,400
744,784 733,477

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.