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Company No: 10005582 (England and Wales)

BLUE SUNRISE CARE LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

BLUE SUNRISE CARE LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

BLUE SUNRISE CARE LIMITED

BALANCE SHEET

As at 28 February 2025
BLUE SUNRISE CARE LIMITED

BALANCE SHEET (continued)

As at 28 February 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 30,262 45,395
Tangible assets 4 32,899 37,823
63,161 83,218
Current assets
Stocks 750 750
Debtors 5 63,190 20,311
Cash at bank and in hand 137,578 155,738
201,518 176,799
Creditors: amounts falling due within one year 6 ( 151,980) ( 117,123)
Net current assets 49,538 59,676
Total assets less current liabilities 112,699 142,894
Creditors: amounts falling due after more than one year 7 0 ( 13,460)
Provision for liabilities 8 ( 4,327) ( 9,358)
Net assets 108,372 120,076
Capital and reserves
Called-up share capital 2 2
Profit and loss account 108,370 120,074
Total shareholder's funds 108,372 120,076

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Blue Sunrise Care Limited (registered number: 10005582) were approved and authorised for issue by the Director on 01 August 2025. They were signed on its behalf by:

Dr P J Edwards
Director
BLUE SUNRISE CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
BLUE SUNRISE CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blue Sunrise Care Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Albert Goodman, Lupin Way, Yeovil, BA22 8WW, United Kingdom. The principal place of business is Compton View Residential Home, 267 St Michaels Avenue, Yeovil, Somerset, BA21 4NB.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts received or receivable for the provision of services to the extent that there is a right to consideration and is recorded at the value of consideration due at the balance sheet date.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for the company's activities.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 20 % reducing balance
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 profit or loss.

Stocks

Stocks consist of consumable goods and are stated at cost. Cost is determined using the first-in, first-out (FIFO) method.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculate at a constant periodic rate of interest over the term of the liability.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in other operating income over the period in which the related costs are recognised, and timing differences are presented as other debtors or deferred income within the balance sheet. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 28 27

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 March 2024 151,325 151,325
At 28 February 2025 151,325 151,325
Accumulated amortisation
At 01 March 2024 105,930 105,930
Charge for the financial year 15,133 15,133
At 28 February 2025 121,063 121,063
Net book value
At 28 February 2025 30,262 30,262
At 29 February 2024 45,395 45,395

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 March 2024 129,830 2,771 132,601
Additions 2,874 0 2,874
At 28 February 2025 132,704 2,771 135,475
Accumulated depreciation
At 01 March 2024 92,833 1,945 94,778
Charge for the financial year 7,518 280 7,798
At 28 February 2025 100,351 2,225 102,576
Net book value
At 28 February 2025 32,353 546 32,899
At 29 February 2024 36,997 826 37,823

5. Debtors

2025 2024
£ £
Trade debtors 30,007 4,457
Prepayments and accrued income 18,856 15,854
Corporation tax 9,329 0
Other debtors 4,998 0
63,190 20,311

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 13,460 38,073
Trade creditors 1,139 3,433
Amounts owed to Group undertakings 62,294 19,294
Amounts owed to director 0 301
Accruals 15,684 14,858
Taxation and social security 53,433 40,279
Other creditors 5,970 885
151,980 117,123

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans (secured) 0 13,460

Within bank loans is a balance of £13,460 (2024 - £51,533) relating to an outstanding amount due from a Coronavirus Business Interruption Loan. The UK government have guaranteed 80% of the value of the loan.

8. Provision for liabilities

2025 2024
£ £
Deferred tax 4,327 9,358

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2025 2024
£ £
within one year 54,000 54,000
between one and five years 216,000 216,000
after five years 432,000 486,000
702,000 756,000

This relates to a non-cancellable operating lease over the property.

Other financial commitments

2025 2024
£ £
Commitments in respect of parents and subsidiaries 2,988,383 1,705,749

The company, together with other group companies, is party to a cross guarantee against its parent's bank borrowing.
The guarantee includes a fixed and floating charge over all assets and undertakings of the company and its subsidiaries. These were refinanced in the year under the parent company. There is also a personal guarantee by the Director, limited to £250,000.

10. Related party transactions

Transactions with owners holding a participating interest in the entity

The company has taken advantage of the exemptions provided from disclosing transactions with its parent and other wholly owned group companies on the grounds that it is a wholly owned subsidiary.

11. Ultimate controlling party

Parent Company:

Mortarsell Limited
Lupin Way, Yeovil, Somerset BA22 8WW

These financial statements are available upon request from Companies House, Cardiff.