| REGISTERED NUMBER: |
| SUPERIOR NURSING SERVICES LTD |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| REGISTERED NUMBER: |
| SUPERIOR NURSING SERVICES LTD |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| SUPERIOR NURSING SERVICES LTD (REGISTERED NUMBER: 11251198) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| SUPERIOR NURSING SERVICES LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and |
| Statutory Auditors |
| 2 Lakeview Stables |
| Lower St. Clere |
| Kemsing |
| Sevenoaks |
| Kent |
| TN15 6NL |
| SUPERIOR NURSING SERVICES LTD (REGISTERED NUMBER: 11251198) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| SUPERIOR NURSING SERVICES LTD (REGISTERED NUMBER: 11251198) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Superior Nursing Services Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The principal activity of the company is the supply of nursing services. |
| Revenue recognition |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| All income is recorded in the period in which the care is physically carried out. |
| Financial instruments |
| Financial liabilities and equity instruments are classified according to the substance of the contractual |
| arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. |
| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar |
| debt instrument, those financial instruments are classified as financial liabilities. Financial liabilities are |
| presented as such in the balance sheet. Finance costs and gains and losses relating to financial liabilities are |
| included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. |
| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. |
| 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. |
| SUPERIOR NURSING SERVICES LTD (REGISTERED NUMBER: 11251198) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts recoverable on contract |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 6. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Within one year |
| Between one and five years |
| 7. | FINANCIAL INSTRUMENTS |
| The company has basic financial debt instruments which are all measured at cost. These include trade debtors, other debtors, cash at bank, trade creditors and other creditors. |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| SUPERIOR NURSING SERVICES LTD (REGISTERED NUMBER: 11251198) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| The company owed £50,000 to Healthcare Investment Group Ltd (2023: £Nil) the ultimate parent within the group at 30 September 2024. |
| The company owed £Nil (2023: £218,000) to its parent company The Superior Healthcare Group Holdings Ltd at 30 September 2024. |
| The company owed £Nil (2023: £157,000) to The Superior Healthcare Group Ltd and was owed £Nil (2023: £502,014) by Superior Payroll Ltd, fellow subsidiaries within the Healthcare Investment Group. |
| During the year services of £62,022 (2023: £66,866) were supplied to the fellow subsidiary The Superior Healthcare Group Ltd and services of £473 (2023: £2,979) were received. |
| During the year costs for payroll of £83,654 (2023: £84,608) were incurred by Superior Payroll Ltd for Superior Nursing Services Ltd. |
| 10. | PENSION COMMITMENTS |
| The company makes contributions to a defined contribution pension scheme. During the year contributions of £40,482 (2023: £57,260) were paid by the company. The contributions are those specified under the legal requirements of Auto-enrolment. The cost of these contributions are charged to the statement of comprehensive income on an accruals basis as they become payable under the scheme. |
| 11. | PRINCIPAL PLACE OF BUSINESS |
| The company's principal place of business is Gazette House, 5-8 Estuary View Business Park, Boorman Way, Whitstable, Kent, CT5 3SE. |
| 12. | ULTIMATE PARENT ENTITY |
| The ultimate parent entity is Healthcare Investment Group Ltd, company number 13577568. The ultimate parent company's principal place of business is Gazette House 5-8 Estuary View Business Park, Boorman Way, Whitstable, Kent, England, CT5 3SE. Its registered office is 2 Lakeview Stables, Lower St. Clere, Kemsing, Sevenoaks, Kent, TN15 6NL. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling parties are S Thorp and C Thorp. |