Registered number
11208342
Protea Care Limited
Filleted Accounts
28 February 2025
Protea Care Limited
Registered number: 11208342
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 495,460 89,023
Current assets
Debtors 4 735,363 342,851
Cash at bank and in hand 37,934 37,298
773,297 380,149
Creditors: amounts falling due within one year 5 (1,143,216) (258,637)
Net current (liabilities)/assets (369,919) 121,512
Total assets less current liabilities 125,541 210,535
Creditors: amounts falling due after more than one year 6 (70,255) (106,843)
Net assets 55,286 103,692
Capital and reserves
Called up share capital 100 100
Profit and loss account 55,186 103,592
Shareholders' funds 55,286 103,692
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gregory Colin Steyn
Director
Approved by the board on 25 July 2025
Protea Care Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 43 33
3 Tangible fixed assets
Land and buildings Furniture and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 March 2024 - 109,093 68,702 177,795
Additions 354,365 75,638 33,900 463,903
At 28 February 2025 354,365 184,731 102,602 641,698
Depreciation
At 1 March 2024 - 57,659 31,113 88,772
Charge for the year - 36,946 20,520 57,466
At 28 February 2025 - 94,605 51,633 146,238
Net book value
At 28 February 2025 354,365 90,126 50,969 495,460
At 29 February 2024 - 51,434 37,589 89,023
4 Debtors 2025 2024
£ £
Trade debtors 330,446 195,850
Other debtors 404,917 147,001
735,363 342,851
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 47,508 62,440
Taxation and social security costs 160,190 141,228
Other creditors 935,518 54,969
1,143,216 258,637
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 70,255 106,843
7 Related party transactions
Other debtors at the year end includes an amount of £351,002 (2024: £85,785) due from Protea Care 2 Ltd, a company where the directors Gregory Colin Steyn and Tanya Ann Netto have an interest.

Other debtors at the year end includes £nil (2024: £2,250) due from Protea Properties 3 Ltd, a company where the directors Gregory Colin Steyn and Tanya Ann Netto have an interest.

These amounts are unsecured, interest free and repayable on demand.

Other creditors at the year end includes an amount of £351,418 (2024: £28) due to Delo Property Management Ltd, a company where the director Gregory Colin Steyn has an interest.

Other creditors at the year end includes an amount of £13,251 (2024: £nil) due to the directors, Gregory Colin Steyn and Tanya Ann Netto.

Other creditors at the year end includes an amount of £483,828 (2024: Dr £7,050) due to Protea Properties 1 Ltd, a company where the directors Gregory Colin Steyn and Tanya Ann Netto have an interest.

Other creditors at the year end includes an amount of £31 (2024: £nil) due to Protea Properties 2 Ltd, a company where the directors Gregory Colin Steyn and Tanya Ann Netto have an interest.

These amounts are unsecured, interest free and repayable on demand.

8 Controlling party
In the opinion of the directors, there is no controlling party in the company.
9 Other information
Protea Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
317 Horn Lane
Acton
London W3 0BU
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