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REGISTERED NUMBER: 06971234 (England and Wales)









Unaudited Financial Statements

for the Period

1 April 2024 to 5 April 2025

for

Haigh Healthcare Limited

Haigh Healthcare Limited (Registered number: 06971234)






Contents of the Financial Statements
for the Period 1 April 2024 to 5 April 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Haigh Healthcare Limited (Registered number: 06971234)

Balance Sheet
5 April 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,189,934 4,189,756

CURRENT ASSETS
Stocks 5 1,864 1,597
Debtors 6 1,608,428 814,906
Cash at bank and in hand 71,138 14,695
1,681,430 831,198
CREDITORS
Amounts falling due within one year 7 1,195,896 792,310
NET CURRENT ASSETS 485,534 38,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,675,468

4,228,644

CREDITORS
Amounts falling due after more than one
year

8

(1,562,735

)

(1,505,147

)

PROVISIONS FOR LIABILITIES (51,184 ) (45,901 )
NET ASSETS 3,061,549 2,677,596

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 3,061,449 2,677,496
SHAREHOLDERS' FUNDS 3,061,549 2,677,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 2025 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.

Haigh Healthcare Limited (Registered number: 06971234)

Balance Sheet - continued
5 April 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:





D Haigh - Director


Haigh Healthcare Limited (Registered number: 06971234)

Notes to the Financial Statements
for the Period 1 April 2024 to 5 April 2025

1. STATUTORY INFORMATION

Haigh Healthcare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06971234

Registered office: Magnolia House
Residential Care Home
Chesterfield Road North
Pleasley
Nottinghamshire
NG19 7RA

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to give a true and fair view.

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

Turnover
Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion and the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its expected useful life:

Land and buildings- depreciation is charged on any amounts over and above the residual
value
Plant and machinery- 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Computer equipment- 33% on cost

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 at an age and in the condition expected at the end of its estimated useful life.

The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Haigh Healthcare Limited (Registered number: 06971234)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 5 April 2025

2. ACCOUNTING POLICIES - continued

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 income over the period in which the related costs are recognised. 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.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.

Leasing commitments
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an Annual General Meeting.

Haigh Healthcare Limited (Registered number: 06971234)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 5 April 2025

2. ACCOUNTING POLICIES - continued

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.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, amounts owed by related undertakings, other debtors, cash and bank balances, trade creditors, other creditors, bank loans and other loans..

Trade debtors, amounts owed by related undertakings (being repayable on demand), other debtors, cash and bank balances, trade creditors and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Bank loans and other loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently measured at amortised cost using the effective interest method.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had impairment not been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 65 (2024 - 61 ) .

Haigh Healthcare Limited (Registered number: 06971234)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 5 April 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 4,016,892 457,221 4,474,113
Additions - 29,474 29,474
At 5 April 2025 4,016,892 486,695 4,503,587
DEPRECIATION
At 1 April 2024 - 284,357 284,357
Charge for period - 29,296 29,296
At 5 April 2025 - 313,653 313,653
NET BOOK VALUE
At 5 April 2025 4,016,892 173,042 4,189,934
At 31 March 2024 4,016,892 172,864 4,189,756

5. STOCKS
2025 2024
£    £   
Stocks 1,864 1,597

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 26,181 31,508
Amounts owed by related undertakings 826,751 704,332
Other debtors 755,496 79,066
1,608,428 814,906

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 168,896 131,284
Trade creditors 64,118 84,398
Taxation and social security 488,569 302,553
Other creditors 474,313 274,075
1,195,896 792,310

Haigh Healthcare Limited (Registered number: 06971234)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 5 April 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 1,562,735 1,457,090
Other creditors - 48,057
1,562,735 1,505,147

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 22,147 22,147
Between one and five years 37,152 53,538
In more than five years 8,160 13,920
67,459 89,605

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 1,731,624 1,588,374
Other loans 52,356 115,021
1,783,980 1,703,395

Bank and other loans are secured by way of a fixed and floating charge.

11. CALLED UP SHARE CAPITAL

2025 2024
£ £
Allotted, issued and fully paid 100 100

Haigh Healthcare Limited (Registered number: 06971234)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 5 April 2025

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 5 April 2025 and the year ended 31 March 2024:

2025 2024
£    £   
D Haigh
Balance outstanding at start of period 17,710 -
Amounts advanced 426,898 192,387
Amounts repaid - (174,677 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 444,608 17,710

13. RELATED PARTY DISCLOSURES

The director and shareholder of the company is also director and sole shareholder of Haigh Property Services Limited.

During the year ended 31 March 2025, Haigh Property Services Limited loaned £29,237 from the company. The balance due from Haigh Property Services Limited as at the year end was £100,879. This balance is shown in note 6 of the accounts, is repayable on demand, and is non interest bearing.

The director and shareholder of the company is also the sole director and shareholder of Dale Inn Developments Limited.

During the year ended 31 March 2025, Dale Inn Developments Limited loaned £93,182 from the company. The balance due from Dale Inn Developments Limited as at the year end was £725,872. This balance is shown in note 6 of the accounts, is repayable on demand, and is non interest bearing.