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Registered number: 04069308
Kidderminster Care Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Strategic Report 2
Directors' Report 3
Independent Auditor's Report 4—5
Consolidated Statement of Comprehensive Income 6
Consolidated Balance Sheet 7
Company Balance Sheet 8
Consolidated Statement of Changes in Equity 9
Company Statement of Changes in Equity 10
Consolidated Statement of Cash Flows 11
Notes to the Consolidated Statement of Cash Flows 12
Notes to the Financial Statements 13—21
Page 1
Company Information
Directors Mr S S Pawar
Mr K S Pawar
Secretary Mr S S Pawar
Company Number 04069308
Registered Office Masonic Building
9 Mill Street
Sutton Coldfield
B72 1TJ
Auditors Harrison Partners Limited
Masonic Building
9 Mill Street
Sutton Coldfield
B72 1TJ
Page 1
Page 2
Strategic Report
The directors present their strategic report for the year ended 31 December 2024.
Principal Activity
The group's principal activity continues to be that of the operation of nursing and residential care homes for the elderly.
Review of the Business
During the year, resident occupancy levels were maintained above 90%. The resultant group turnover was £3,600,477 (2023: £3,436,603), this representing growth of 4.8%.  Increasing wages and national insurance costs led to a gross margin of 36.5% (2023: 38.7%), which was slightly behind the prior year.  Increases in the minimum wage and national insurance rates are providing some challenges, but these have been carefully managed. The group’s pretax profit was £912,131 (2023: £1,049,312).  This represented a general improvement, as the prior year result included a property revaluation gain of £200,000.  Recruitment and retention of appropriately trained staff remains a key long-term challenge for the business and the industry as a whole. However, management remains confident that the group’s success will continue.
Principal Risks and Uncertainties
The group is regulated by the Care Quality Commission (CQC). When operating within such a regulated industry the introduction of new regulations and a failure to meet existing regulations are a key risk. To mitigate this risk, the management team ensures that care staff receive appropriate training and ongoing performance evaluations, which meet the standards required by Government regulations. All systems and procedures are focused on care quality improvements and the monitoring of performance.  This in turn, focuses the group on the level of care provided to the residents.
The group’s turnover is derived largely from publicly funded Local Authorities. The group expects continued reliance on the ability and willingness of these bodies to pay for the care of residents. There is a risk that budget constraints or the allocation of resources to alternative public services, might cause such bodies to reduce their funding of nursing and residential care. The group endeavours to keep well informed of future and proposed legislative changes. Compliance with regulatory changes remains a risk, together with the cost impact of such changes. The group utilises the services of an external consultant to carry out regular internal reviews at each care home to ensure compliance with CQC guidelines.
Future Developments
The Directors’ strategic focus is to maintain the high levels of care upon which the group’s success is built. An expansion to new locations might be considered if the right opportunity arose, but in the medium term maintaining the current high levels of care is considered to be the key success factor.
Dividends
The value of dividends paid amounted to £100,000 (2023: £60,000)
On behalf of the board
Mr K S Pawar
Director
27 June 2025
Page 2
Page 3
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors
The directors who held office during the year were as follows:
Mr S S Pawar
Mr K S Pawar
Post Balance Sheet Events
There are no events that have occurred since the reporting date that need to be disclosed or adjusted for in these financial statements.
Matters covered in the Strategic Report
Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved: 
  • so far as the director is aware, there is no relevant audit information of which the company and group's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company and group's auditors are aware of that information.
Independent Auditors
The auditors, Harrison Partners Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board
Mr K S Pawar
Director
27 June 2025
Page 3
Page 4
Independent Auditor's Report
Opinion
We have audited the financial statements of Kidderminster Care Limited (the "parent company") and its subsidiaries (the "group") for the year ended 31 December 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes of Equity, Company Statement of Changes of Equity, Consolidated Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the group's and of the parent company's affairs as at 31 December 2024 and of the group's profit/(loss) for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the group and parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
  • the parent company financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of directors' remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit.
Page 4
Page 5
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the group and parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We designed procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.  We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the care sector. We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, UK GAAP including FRS 102 and the requirements of the Care Quality Commission.  We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting Care Quality Commission documentation. Moreover, the identified laws and regulations were communicated to the audit team, who remained alert to instances of non-compliance throughout the audit. We also assessed the susceptibility of the company's financial statements to material misstatement by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual or suspected frauds and through a consideration of the internal controls that might mitigate the risk of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and the override of controls, we performed substantive testing of material balance sheet assets and liabilities, plus directional testing of revenue, expenses and payroll. We also reviewed the results of independent Care Quality Commission reports.
There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, forgery, collusion or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Neil Harrison (Senior Statutory Auditor)
for and on behalf of Harrison Partners Limited , Statutory Auditor
27 June 2025
Harrison Partners Limited
Masonic Building
9 Mill Street
Sutton Coldfield
B72 1TJ
Page 5
Page 6
Consolidated Statement of Comprehensive Income
2024 2023
Notes £ £
TURNOVER 3 3,600,477 3,436,603
Cost of sales (2,285,040 ) (2,107,620 )
GROSS PROFIT 1,315,437 1,328,983
Administrative expenses (564,222 ) (551,550 )
Other operating income 30,960 44,589
Profit on revaluation of investment property - 200,000
OPERATING PROFIT 5 782,175 1,022,022
Other interest receivable and similar income 10 129,956 30,357
Interest payable and similar charges 11 - (3,067 )
PROFIT BEFORE TAXATION 912,131 1,049,312
Tax on Profit 12 (234,116 ) (200,291 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT 678,015 849,021
OTHER COMPREHENSIVE INCOME FOR THE YEAR - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT 678,015 849,021
The notes on pages 12 to 21 form part of these financial statements.
Page 6
Page 7
Consolidated Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 14 2,946,633 2,983,543
2,946,633 2,983,543
CURRENT ASSETS
Stocks 16 1,000 1,000
Debtors 17 219,903 545,674
Cash at bank and in hand 3,979,014 2,787,059
4,199,917 3,333,733
Creditors: Amounts Falling Due Within One Year 18 (913,768 ) (661,978 )
NET CURRENT ASSETS (LIABILITIES) 3,286,149 2,671,755
TOTAL ASSETS LESS CURRENT LIABILITIES 6,232,782 5,655,298
PROVISIONS FOR LIABILITIES
Deferred Taxation 19 (13,052 ) (13,583 )
NET ASSETS 6,219,730 5,641,715
CAPITAL AND RESERVES
Called up share capital 21 4 4
Profit and Loss Account 6,219,726 5,641,711
SHAREHOLDERS' FUNDS 6,219,730 5,641,715
On behalf of the board
Mr K S Pawar
Director
27 June 2025
The notes on pages 12 to 21 form part of these financial statements.
Page 7
Page 8
Company Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 14 2,171,617 2,205,747
Investments 15 659,014 659,014
2,830,631 2,864,761
CURRENT ASSETS
Stocks 16 1,000 1,000
Debtors 17 369,146 692,428
Cash at bank and in hand 3,494,761 2,361,502
3,864,907 3,054,930
Creditors: Amounts Falling Due Within One Year 18 (766,004 ) (512,224 )
NET CURRENT ASSETS (LIABILITIES) 3,098,903 2,542,706
TOTAL ASSETS LESS CURRENT LIABILITIES 5,929,534 5,407,467
PROVISIONS FOR LIABILITIES
Deferred Taxation 19 (9,052 ) (9,220 )
NET ASSETS 5,920,482 5,398,247
CAPITAL AND RESERVES
Called up share capital 21 4 4
Profit and Loss Account 5,920,478 5,398,243
SHAREHOLDERS' FUNDS 5,920,482 5,398,247
In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's profit for the year was £ 622,235 (2023: £ 615,141 profit).
On behalf of the board
Mr K S Pawar
Director
27 June 2025
The notes on pages 12 to 21 form part of these financial statements.
Page 8
Page 9
Consolidated Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2023 4 4,852,690 4,852,694
Profit for the year and total comprehensive income - 849,021 849,021
Dividends paid - (60,000) (60,000)
As at 31 December 2023 and 1 January 2024 4 5,641,711 5,641,715
Profit for the year and total comprehensive income - 678,015 678,015
Dividends paid - (100,000) (100,000)
As at 31 December 2024 4 6,219,726 6,219,730
Page 9
Page 10
Company Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2023 4 4,843,102 4,843,106
Profit for the year and total comprehensive income - 615,141 615,141
Dividends paid - (60,000) (60,000)
As at 31 December 2023 and 1 January 2024 4 5,398,243 5,398,247
Profit for the year and total comprehensive income - 622,235 622,235
Dividends paid - (100,000) (100,000)
As at 31 December 2024 4 5,920,478 5,920,482
Page 10
Page 11
Consolidated Statement of Cash Flows
2024 2023
Notes £ £
Cash flows from operating activities
Net cash generated from operations 1 1,311,898 928,182
Interest paid - (3,067 )
Tax paid (207,086 ) (190,118 )
Net cash generated from operating activities 1,104,812 734,997
Cash flows from investing activities
Purchase of tangible assets (7,413 ) (1,685 )
Grants received 30,960 4,589
Interest received 129,956 30,357
Net cash generated from investing activities 153,503 33,261
Cash flows from financing activities
Equity dividends paid (100,000 ) (60,000 )
Repayment of bank borrowings - (141,780 )
Amount introduced by directors 33,640 9,328
Net cash used in financing activities (66,360 ) (192,452 )
Increase in cash and cash equivalents 1,191,955 575,806
Cash and cash equivalents at beginning of year 2 2,787,059 2,211,253
Cash and cash equivalents at end of year 2 3,979,014 2,787,059
Page 11
Page 12
Notes to the Consolidated Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash generated from operations
2024 2023
£ £
Profit for the financial year 678,015 849,021
Adjustments for:
Tax on profit 234,116 200,291
Interest expense - 3,067
Interest income (129,956 ) (30,357 )
Depreciation of tangible assets 44,323 45,344
Profit on revaluation of fixed assets - (200,000)
Grant income (30,960) (4,589)
Movements in working capital:
Decrease in trade and other debtors 325,771 263,677
Increase/(decrease) in trade and other creditors 190,589 (198,272 )
Net cash generated from operations 1,311,898 928,182
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
2024 2023
£ £
Cash at bank and in hand 3,979,014 2,787,059
3. Analysis of changes in net funds
As at 1 January 2024 Cash flows As at 31 December 2024
£ £ £
Cash at bank and in hand 2,787,059 1,191,955 3,979,014
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Notes to the Financial Statements
1. General Information
Kidderminster Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04069308 . The registered office is Masonic Building , 9 Mill Street, Sutton Coldfield, B72 1TJ.
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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. Basis Of Consolidation
The group consolidated financial statements include the financial statements of the company and its subsidiary undertaking made up to 31 December 2024. A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.  These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.  The judgements that management has made in the process of applying the group's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
  • Estimated life of fixed assets
  • Valuation of the group's investment property
In respect of the valuation of the group's investment property, management appointed an independent expert to provide a valuation using the comparable method.  This method examines the prices of similar premises sold within the locations.
2.4. Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the group's activities. The group recognises revenue when the amount of the 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 group's activities. Revenue from the provision of care services is recognised as delivered, with reference to the number of days care and accommodation provided to each resident.
2.5. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill represents the excess of the cost of a business combination over the fair value of the group’s share of the identifiable net assets, liabilities and contingent liabilities acquired.
Goodwill arising on the acquisition of subsidiaries is included in Intangible Assets. Goodwill arising on the acquisition of associates and joint ventures is included in the related equity accounted investment value.
Goodwill is amortised over its expected useful life which is estimated to be 10 years.
Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the profit and loss account. No reversals of impairment are recognised.
2.6. 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% Straight line
Fixtures & Fittings 15% Reducing balance
Computer Equipment 25% Reducing balance
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2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.8. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
2.9. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.10. Taxation
Income tax expense represents the sum of the tax currently payable 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 group'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.
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.
2.11. Pensions
The group operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.12. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.  Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.  All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.13. Debtors and creditors due within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Comprehensive Income.
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3. Turnover
Analysis of turnover by class of business is as follows:
2024 2023
£ £
Provision of services 3,535,477 3,376,603
Rental income from investment property 65,000 60,000
3,600,477 3,436,603
Analysis of turnover by geographical market is as follows:
2024 2023
£ £
United Kingdom 3,600,477 3,436,603
3,600,477 3,436,603
4. Other Operating Income
2024 2023
£ £
Grant income 30,960 4,589
Other operating income - 40,000
30,960 44,589
5. Operating Profit
The operating profit is stated after charging:
2024 2023
£ £
Operating lease rentals 9,710 8,512
Depreciation of tangible fixed assets 44,323 45,344
6. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
2024 2023
£ £
Audit Services
Audit of the group and company's financial statements 7,500 7,020
Other Services
Audit-related assurance services 4,890 4,800
Taxation compliance service 360 360
Other non-audit services 1,380 -
6,630 5,160
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7. Staff Costs
Staff costs, including directors' remuneration, were as follows:
Group Company
2024 2023 2024 2023
£ £ £ £
Wages and salaries 1,941,307 1,766,227 1,941,307 1,766,227
Social security costs 152,289 120,178 152,289 120,178
Other pension costs 106,274 53,952 106,274 53,952
2,199,870 1,940,357 2,199,870 1,940,357
8. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
Group Company
2024 2023 2024 2023
Office and administration 5 5 5 5
Care and support staff 95 90 95 90
100 95 100 95
9. Directors' remuneration
2024 2023
£ £
Emoluments 107,671 95,307
Company contributions to money purchase pension schemes 74,514 27,176
182,185 122,483
10. Interest Receivable and Similar Income
2024 2023
£ £
Bank interest receivable 129,956 30,357
11. Interest Payable and Similar Charges
2024 2023
£ £
Bank loans and overdrafts - 2,982
Other finance charges - 85
- 3,067
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12. Tax on Profit
The tax charge on the profit for the year was as follows:
Tax Rate 2024 2023
2024 2023 £ £
Current tax
UK Corporation Tax 24.7% 23.4% 234,647 207,136
Prior period adjustment - (7,579 )
234,647 199,557
Deferred Tax
Deferred taxation (531 ) 734
Total tax charge for the period 234,116 200,291
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
2024 2023
£ £
Profit before tax 912,131 1,049,312
Tax on profit at 24.7% (UK standard rate) 225,087 245,498
Goodwill/depreciation not allowed for tax 10,962 10,610
Expenses not deductible for tax purposes 1,914 -
Capital allowances (3,316 ) (2,180 )
Short term timing differences (531 ) 734
Prior period adjustment - (7,579 )
Deferred tax from unrecognised tax loss or credit - (46,792 )
Total tax charge for the period 234,116 200,291
13. Intangible Assets
Group
Goodwill
£
Cost
As at 1 January 2024 1,026,644
As at 31 December 2024 1,026,644
Amortisation
As at 1 January 2024 1,026,644
As at 31 December 2024 1,026,644
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
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Company
Goodwill
£
Cost
As at 1 January 2024 366,000
As at 31 December 2024 366,000
Amortisation
As at 1 January 2024 366,000
As at 31 December 2024 366,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
14. Tangible Assets
Group
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 3,311,981 485,857 40,106 3,837,944
Additions - 5,475 1,938 7,413
As at 31 December 2024 3,311,981 491,332 42,044 3,845,357
Depreciation
As at 1 January 2024 394,612 435,867 23,922 854,401
Provided during the period 33,189 6,725 4,409 44,323
As at 31 December 2024 427,801 442,592 28,331 898,724
Net Book Value
As at 31 December 2024 2,884,180 48,740 13,713 2,946,633
As at 1 January 2024 2,917,369 49,990 16,184 2,983,543
Land and property includes a freehold investment property.  It is held at the current fair value of £750,000 (2023: £750,000).  This property was valued in April 2024 by Mr G B Forbes, MRICS at £750,000.  The directors made their own assessment and this confirmed that the valuation remains applicable to 31 December 2024, there having been no material fluctuations in the local market.
Company
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 2,561,981 214,150 40,106 2,816,237
Additions - 5,475 1,938 7,413
As at 31 December 2024 2,561,981 219,625 42,044 2,823,650
...CONTINUED
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Depreciation
As at 1 January 2024 394,612 191,956 23,922 610,490
Provided during the period 33,189 3,945 4,409 41,543
As at 31 December 2024 427,801 195,901 28,331 652,033
Net Book Value
As at 31 December 2024 2,134,180 23,724 13,713 2,171,617
As at 1 January 2024 2,167,369 22,194 16,184 2,205,747
15. Investments
Company
Subsidiaries
£
Cost
As at 1 January 2024 659,014
As at 31 December 2024 659,014
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 659,014
As at 1 January 2024 659,014
Subsidiaries
Details of the company's subsidiaries as at 31 December 2024 are as follows:
Name of undertaking Registered Office Class of shares held Direct holding Indirect holding
P.A.R. Nursing Homes Limited Masonic Building, 9 Mill Street, Sutton Coldfield, West Midlands, B72 1TJ Ordinary 100.00% -
The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:
16. Stocks
Group Company
2024 2023 2024 2023
£ £ £ £
Stock 1,000 1,000 1,000 1,000
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17. Debtors
Group Company
2024 2023 2024 2023
£ £ £ £
Due within one year
Trade debtors 189,401 69,354 189,401 69,354
Prepayments and accrued income 29,632 22,254 28,441 21,171
Other debtors 870 454,066 870 454,066
Amounts owed by subsidiaries - - 150,434 147,837
219,903 545,674 369,146 692,428
18. Creditors: Amounts Falling Due Within One Year
Group Company
2024 2023 2024 2023
£ £ £ £
Trade creditors 79,105 45,944 79,105 45,944
Corporation tax 234,781 207,220 221,243 201,825
Other taxes and social security 43,829 41,107 43,829 41,107
Other creditors 198,504 168,677 69,468 28,818
Accruals and deferred income 191,193 66,314 186,003 61,814
Directors' loan accounts 166,356 132,716 166,356 132,716
913,768 661,978 766,004 512,224
19. Deferred Taxation
The provision for deferred tax is made up as follows:
Group Company
2024 2023 2024 2023
£ £ £ £
Other timing differences 13,052 13,583 9,052 9,220
20. Provisions for Liabilities
Group
Deferred Tax Total
£ £
As at 1 January 2024 13,583 13,583
Additions (531 ) (531)
Balance at 31 December 2024 13,052 13,052
Company
Deferred Tax Total
£ £
As at 1 January 2024 9,220 9,220
Deferred taxation (168 ) (168 )
Balance at 31 December 2024 9,052 9,052
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21. Share Capital
2024 2023
Allotted, called up and fully paid £ £
4 Ordinary Shares of £ 1.00 each 4 4
22. Pension Commitments
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. During the year the charge to profit or loss in respect of defined contribution schemes was £106,274 (2023: £53,952).  At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
23. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 100,000 60,000
24. Related Party Disclosures
Mr K S Pawar and Mr S S Pawar the directors of the company each hold 25% of the share capital.  During the year they received dividends of £25,000 (2023: £15,000) each.
Within other creditors are amounts of £42,217 (2023: £17,217) and £17,472 (2023: £ Nill) due to the shareholders A Pawar and D Dhami respectively. 
In the prior year other debtors included an amount of £413,196 due from Pooltown Care Limited, a company controlled by family members.  During the year this amount was repaid in full. 
Within other creditors at a group level is an amount of £67,443 (2023: £78,566) due to Pooltown Care Limited.
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