| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 October 2024 |
| for |
| Sudera Care Associates Limited |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 October 2024 |
| for |
| Sudera Care Associates Limited |
| Sudera Care Associates Limited (Registered number: 05201336) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Sudera Care Associates Limited |
| Company Information |
| for the Year Ended 31 October 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Sudera Care Associates Limited (Registered number: 05201336) |
| Balance Sheet |
| 31 October 2024 |
| 31.10.24 | 31.10.23 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investment property | 6 |
| Current assets |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 9 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| Provisions for liabilities | 11 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| Shareholders' funds |
| The director acknowledges his 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. |
| Sudera Care Associates Limited (Registered number: 05201336) |
| Balance Sheet - continued |
| 31 October 2024 |
| The financial statements were approved by the director and authorised for issue on |
| Sudera Care Associates Limited (Registered number: 05201336) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2024 |
| 1. | Statutory information |
| Sudera Care Associates Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents invoiced value of residential nursing care and associated services. |
| For services invoiced but not yet performed, income is deferred by means of a 'Fees In Advance' creditor until such time that the service has been performed and revenue may be recognised. |
| Goodwill |
| Amortisation is provided on intangible assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: |
| Goodwill - 5/10 years |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Sudera Care Associates Limited (Registered number: 05201336) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 2. | Accounting policies - continued |
| 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. |
| 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. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 November 2023 |
| Disposals | ( |
) |
| At 31 October 2024 |
| Amortisation |
| At 1 November 2023 |
| Eliminated on disposal | ( |
) |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| At 31 October 2023 |
| Sudera Care Associates Limited (Registered number: 05201336) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 5. | Tangible fixed assets |
| Improvements | Fixtures |
| to | and | Computer |
| property | fittings | equipment | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 November 2023 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 October 2024 |
| Depreciation |
| At 1 November 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| At 31 October 2023 |
| 6. | Investment property |
| Total |
| £ |
| Fair value |
| Additions |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| 7. | Stocks |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Stocks |
| 8. | Debtors: amounts falling due within one year |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 534,894 | 373,144 |
| Prepayments |
| Sudera Care Associates Limited (Registered number: 05201336) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 9. | Creditors: amounts falling due within one year |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 10. | Creditors: amounts falling due after more than one year |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Bank loans |
| 11. | Provisions for liabilities |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Deferred tax | 2,357 | 7,123 |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2023 |
| Credit to Income Statement during year | ( |
) |
| Balance at 31 October 2024 |
| 12. | Director's advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023: |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| No further provision has been made for tax payable and repayable on director's loan movement during the year as the increase in loan have been fully repaid in the following year. |
| 13. | Related party disclosures |
| The company operates from premises owned by the director. Rent charge to the company for the year amounted to £65,000 (2023 £ 65,000). |
| Sudera Care Associates Limited (Registered number: 05201336) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 14. | Ultimate controlling party |
| The company is under the control of Mr S Sudera who owns 100% of the company's share capital. |