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REGISTERED NUMBER: 05201336 (England and Wales)










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: S K Sudera





SECRETARY: V K Sudera





REGISTERED OFFICE: The Oval
57 New Walk
Leicester
LE1 7EA





REGISTERED NUMBER: 05201336 (England and Wales)






Sudera Care Associates Limited (Registered number: 05201336)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 1 1
Tangible assets 5 2,847 37,493
Investment property 6 270,000 -
272,848 37,494

Current assets
Stocks 7 - 1,500
Debtors 8 1,430,467 1,364,839
Cash at bank 246,235 150,722
1,676,702 1,517,061
Creditors
Amounts falling due within one year 9 262,134 185,663
Net current assets 1,414,568 1,331,398
Total assets less current liabilities 1,687,416 1,368,892

Creditors
Amounts falling due after more than one
year

10

(4,167

)

(17,947

)

Provisions for liabilities 11 (2,357 ) (7,123 )
Net assets 1,680,892 1,343,822

Capital and reserves
Called up share capital 75 75
Retained earnings 1,680,817 1,343,747
Shareholders' funds 1,680,892 1,343,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 28 July 2025 and were signed by:





S K Sudera - Director


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 private company, limited by shares , 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. Accounting policies

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 20% on cost

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 51 (2023 - 52 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 November 2023 280,000
Disposals (80,000 )
At 31 October 2024 200,000
Amortisation
At 1 November 2023 279,998
Eliminated on disposal (79,999 )
At 31 October 2024 199,999
Net book value
At 31 October 2024 1
At 31 October 2023 2

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 28,188 436,882 5,542 470,612
Additions - 12,623 - 12,623
Disposals (28,188 ) (355,579 ) (5,542 ) (389,309 )
At 31 October 2024 - 93,926 - 93,926
Depreciation
At 1 November 2023 28,187 399,392 5,540 433,119
Charge for year - 27,180 - 27,180
Eliminated on disposal (28,187 ) (335,493 ) (5,540 ) (369,220 )
At 31 October 2024 - 91,079 - 91,079
Net book value
At 31 October 2024 - 2,847 - 2,847
At 31 October 2023 1 37,490 2 37,493

6. Investment property
Total
£   
Fair value
Additions 270,000
At 31 October 2024 270,000
Net book value
At 31 October 2024 270,000

7. Stocks
31.10.24 31.10.23
£    £   
Stocks - 1,500

8. Debtors: amounts falling due within one year
31.10.24 31.10.23
£    £   
Trade debtors 11,869 90,708
Other debtors 878,735 890,859
Directors' current accounts 534,894 373,144
Prepayments 4,969 10,128
1,430,467 1,364,839

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 10,000 10,000
Trade creditors 42,919 28,663
Taxation and social security 179,765 126,800
Other creditors 29,450 20,200
262,134 185,663

10. Creditors: amounts falling due after more than one year
31.10.24 31.10.23
£    £   
Bank loans 4,167 17,947

11. Provisions for liabilities
31.10.24 31.10.23
£    £   
Deferred tax 2,357 7,123

Deferred
tax
£   
Balance at 1 November 2023 7,123
Credit to Income Statement during year (4,766 )
Balance at 31 October 2024 2,357

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
£    £   
S K Sudera
Balance outstanding at start of year 373,144 236,123
Amounts advanced 182,704 137,021
Amounts repaid (20,954 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 534,894 373,144

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.