Company Registration No. 06378013 (England and Wales)
AFFINITY CARE MANAGEMENT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
AFFINITY CARE MANAGEMENT LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 10
AFFINITY CARE MANAGEMENT LIMITED
STATEMENT OF FINANCIAL POSITION
- 1 -
2024
2023
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
5
3,616
704
Current assets
Trade and other receivables - deferred tax
8
3,124
4,504
Trade and other receivables - other
6
146,776
79,485
Cash and cash equivalents
162,285
10,205
312,185
94,194
Current liabilities
7
(160,355)
(110,598)
Net current assets (liabilities)
151,830
(16,404)
Net assets (liabilities)
155,446
(15,700)
Equity
Called up share capital
10
2
2
Retained earnings
11
155,444
(15,702)
Total equity
155,446
(15,700)
The director of the company has elected not to include a copy of the income statement within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 5 August 2025 and are signed on its behalf by:
Mr C Bialan
Director
Company Registration No. 06378013
AFFINITY CARE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information
Affinity Care Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 31/33 Commercial Road, Poole, Dorset, BH14 0HU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company has historically been reliant on its parent company, fellow subsidiaries, directors and its wider group to provide continued financial support in order to remain a going concern. The company provides administrative support to the other members of the group and related parties. The company was sold by its parent company on 30 May 2024 and, post this date, the company continues provide administrative services as it previously did.
The director has carefully considered those factors likely to affect the future development, performance and financial position of the company in relation to the ability of the company to operate within its current and foreseeable financial and operational resources.
As a result, the director has adopted the going concern basis in preparing these accounts after assessing the principal risks applicable to the company. These include rising inflation, rising interest rates, staff shortages as a result of Brexit, the increase in the National Living Wage, the cost of living crisis and higher insurance premiums, The director considers the company to be able to meet its obligations as they fall due for a period of at least 12 months from the date of signing these financial statements. Overall, the director does not consider there to be a cause for material uncertainty regarding the company’s going concern status as at the date of signing these financial statements.
1.3
Revenue
Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the supply of care home management 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 payments are received from customers in advance of services provided the amounts are recorded as deferred income and included as part of payables due within one year.
Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliability. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.
AFFINITY CARE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Website
3 years straight line
Amortisation is charged when the intangible asset is available for use, i.e. when it is in the location and condition necessary for it to be usable in the manner intended by management.
1.5
Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
20% straight line
Computer equipment
20% straight line
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.
1.6
Impairment of non-current assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
AFFINITY CARE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 4 -
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.7
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 current liabilities.
1.8
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
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.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.9
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
AFFINITY CARE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 5 -
1.10
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.11
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.12
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
10
11
3
Taxation
2024
2023
£
£
AFFINITY CARE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
3
Taxation
2024
2023
£
£
(Continued)
- 6 -
Deferred tax
Origination and reversal of timing differences
1,380
(610)
4
Intangible fixed assets
Website
£
Cost
At 1 June 2023 and 31 May 2024
6,500
Amortisation and impairment
At 1 June 2023 and 31 May 2024
6,500
Carrying amount
At 31 May 2024
At 31 May 2023
5
Property, plant and equipment
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 June 2023
700
5,189
5,889
Additions
4,520
4,520
At 31 May 2024
700
9,709
10,409
Depreciation and impairment
At 1 June 2023
561
4,624
5,185
Depreciation charged in the year
139
1,469
1,608
At 31 May 2024
700
6,093
6,793
Carrying amount
At 31 May 2024
3,616
3,616
At 31 May 2023
139
565
704
Property, plant and equipment with a carrying amount of £nil (2023 - £704) have been pledged to secure borrowings of the Group. Details of these borrowings are given in note 13.
AFFINITY CARE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 7 -
6
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Trade receivables
62,196
5,426
Amounts owed by group undertakings
31,261
Other receivables
12,569
546
Prepayments and accrued income
72,011
42,252
146,776
79,485
2024
2023
Amounts falling due after more than one year:
£
£
Deferred tax asset (note 8)
3,124
4,504
Total debtors
149,900
83,989
Trade and other receivables with a carrying amount of £nil (2023 - £83,989) have been pledged to secure borrowings of the Group. Details of these borrowings are given in note 13.
7
Current liabilities
2024
2023
£
£
Trade payables
11,088
18,849
Taxation and social security
52,890
28,103
Other payables
53,293
19,261
Accruals and deferred income
43,084
44,385
160,355
110,598
8
Deferred taxation
Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:
Assets
Assets
2024
2023
Balances:
£
£
Decelerated capital allowances
3,124
4,504
AFFINITY CARE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
8
Deferred taxation
(Continued)
- 8 -
2024
Movements in the year:
£
Asset at 1 June 2023
(4,504)
Charge to profit or loss
1,380
Asset at 31 May 2024
(3,124)
Of the deferred tax asset set out above, an amount of £365 is expected to reverse within 12 months and relates to decelerated capital allowances.
9
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
25,851
20,283
The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £865 (2023: £6,320) were due to the fund. They are included in other creditors.
10
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary of £1 each
2
2
Ordinary shares carry voting rights but have no right to fixed income or fixed repayment of capital.
11
Reserves
Retained earnings
Retained earnings represents cumulative profits or losses, including unrealised profit on the remeasurement of investment properties, net of dividends paid and other adjustments.
12
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
In their report, the auditors emphasised the folowing matter without qualifying their report:
AFFINITY CARE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
12
Audit report information
(Continued)
- 9 -
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
The senior statutory auditor was Michelle Pettifer.
The auditor was Morris Lane.
13
Financial commitments, guarantees and contingent liabilities
At 31 May 2024, the company had no secured borrowings due to its exit from the group. As at 31 May 2023, the company had secured the borrowings of its fellow subsidiary company, Alum Care Limited, by way of fixed and floating charge over all its assets, a debenture and an intercompany guarantee up to a maximum amount of 5,200,000. As at 31 May 2023, the maximum exposure of the company in respect of amounts drawn by the Alum Care Limited was £5,135,000.
14
Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2024
2023
£
£
Aggregate compensation
14,963
13,332
Included in the above are amounts totalling £14,963 (2023: £13,332) paid by the company on behalf of its ultimate parent company and its fellow subsidiaries.
Transactions with related parties
During the year the company entered into the following transactions with related parties:
Services provided
Services received
2024
2023
2024
2023
£
£
£
£
Other related parties
263,052
183,518
26,487
37,230
263,052
183,518
26,487
37,230
AFFINITY CARE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
14
Related party transactions
(Continued)
- 10 -
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due to related parties
£
£
Other related parties
3,845
10,993
3,845
10,993
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due from related parties
£
£
Fellow subsidiary undertakings
-
31,261
Other related parties
74,731
5,426
74,731
36,687
No guarantees have been given or received.
The following amounts were recognised as an expense in the period in respect of bad and doubtful debts due from related parties:
2024
2023
£
£
Other related parties
-
1,303
15
Parent company
As at 31 May 2024, the controlling party was a director by virtue of his 100% holding of the issued share capital.
Up to and including 29 May 2024, the ultimate parent company is The Buckinghamshire Group Limited, whose registered office is 31/33 Commercial Road, Poole, Dorset, BH14 0HU.
Up to and including 29 May 2024, the ultimate controlling parties are the directors by virtue of their 80% shareholding in the ultimate parent company, The Buckinghamshire Group Limited.
Up to and including 29 May 2024, the smallest and largest group into which the company is consolidated is The Buckinghamshire Group Limited.
2024-05-312023-06-01falsefalsefalse05 August 2025CCH SoftwareCCH Accounts Production 2025.200No description of principal activityMr C BialanMr R Cousins063780132023-06-012024-05-31063780132024-05-31063780132023-05-3106378013core:FurnitureFittings2024-05-3106378013core:ComputerEquipment2024-05-3106378013core:FurnitureFittings2023-05-3106378013core:ComputerEquipment2023-05-3106378013core:Non-currentFinancialInstruments2024-05-3106378013core:Non-currentFinancialInstruments2023-05-3106378013core:CurrentFinancialInstrumentscore:WithinOneYear2024-05-3106378013core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3106378013core:CurrentFinancialInstruments2024-05-3106378013core:CurrentFinancialInstruments2023-05-3106378013core:ShareCapital2024-05-3106378013core:ShareCapital2023-05-3106378013core:RetainedEarningsAccumulatedLosses2024-05-3106378013core:RetainedEarningsAccumulatedLosses2023-05-3106378013core:ShareCapitalOrdinaryShareClass12024-05-3106378013core:ShareCapitalOrdinaryShareClass12023-05-3106378013bus:Director12023-06-012024-05-3106378013core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3106378013core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-06-012024-05-3106378013core:FurnitureFittings2023-06-012024-05-3106378013core:ComputerEquipment2023-06-012024-05-31063780132022-06-012023-05-3106378013core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-05-3106378013core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-05-3106378013core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-05-3106378013core:FurnitureFittings2023-05-3106378013core:ComputerEquipment2023-05-31063780132023-05-3106378013bus:PrivateLimitedCompanyLtd2023-06-012024-05-3106378013bus:SmallCompaniesRegimeForAccounts2023-06-012024-05-3106378013bus:FRS1022023-06-012024-05-3106378013bus:Audited2023-06-012024-05-3106378013bus:Director22023-06-012024-05-3106378013bus:FullAccounts2023-06-012024-05-31xbrli:purexbrli:sharesiso4217:GBP