Company registration number 12560118 (England and Wales)
CAERLEON HOUSE CARE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
CAERLEON HOUSE CARE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 9
CAERLEON HOUSE CARE LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
18,500
21,500
Tangible assets
5
2,367,294
2,454,100
2,385,794
2,475,600
Current assets
Stocks
8,170
6,982
Debtors
6
137,559
101,962
Cash at bank and in hand
236,014
213,522
381,743
322,466
Creditors: amounts falling due within one year
7
(613,236)
(414,667)
Net current liabilities
(231,493)
(92,201)
Total assets less current liabilities
2,154,301
2,383,399
Creditors: amounts falling due after more than one year
8
(1,733,634)
(1,919,858)
Provisions for liabilities
9
(106,002)
(121,108)
Net assets
314,665
342,433
Capital and reserves
Called up share capital
1
1
Other reserves
9,683
21,905
Profit and loss reserves
304,981
320,527
Total equity
314,665
342,433
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 28 August 2025 and are signed on its behalf by:
Mr S K Sheth
Mr P P Mamtora
Director
Director
Company registration number 12560118 (England and Wales)
CAERLEON HOUSE CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information
Caerleon House Care Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, Hygeia House, 66 College Road, Harrow, Middlesex, United Kingdom, HA1 1BE.
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
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Fees for care services are recognised as revenue based on the period to which they relate.
1.4
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
2% on cost excluding land
Improvements to property
10% on cost
Plant and equipment
15% on reducing balance
Fixtures and fittings
30% on reducing balance and 15% on reducing balance
Computers
20% on cost
Motor vehicles
20% on reducing balance
CAERLEON HOUSE CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
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 fixed 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.
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
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.8
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.
CAERLEON HOUSE CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
1.9
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 balance sheet 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 debtors 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 creditors, 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 creditors 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.10
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.
1.11
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 profit and loss account 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.
CAERLEON HOUSE CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 5 -
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 profit and loss account, 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.
1.12
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 fixed 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.
1.13
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.14
Leases
As lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
1.15
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
CAERLEON HOUSE CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
72
68
4
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
30,000
Amortisation and impairment
At 1 September 2023
8,500
Amortisation charged for the year
3,000
At 31 August 2024
11,500
Carrying amount
At 31 August 2024
18,500
At 31 August 2023
21,500
CAERLEON HOUSE CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 7 -
5
Tangible fixed assets
Freehold land and buildings
Improvements to property
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
£
Cost
At 1 September 2023
1,875,034
188,085
448,186
210,126
13,131
45,830
2,780,392
Additions
9,833
3,672
39,841
910
54,256
At 31 August 2024
1,875,034
197,918
451,858
249,967
14,041
45,830
2,834,648
Depreciation and impairment
At 1 September 2023
85,774
21,987
163,183
46,449
5,080
3,819
326,292
Depreciation charged in the year
30,274
19,124
42,888
37,667
2,707
8,402
141,062
At 31 August 2024
116,048
41,111
206,071
84,116
7,787
12,221
467,354
Carrying amount
At 31 August 2024
1,758,986
156,807
245,787
165,851
6,254
33,609
2,367,294
At 31 August 2023
1,789,260
166,098
285,003
163,677
8,051
42,011
2,454,100
CAERLEON HOUSE CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
5
Tangible fixed assets
(Continued)
- 8 -
Included in cost of land and buildings is freehold land of £361,400 (2023 - £361,400) which is not depreciated.
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
6,976
63,714
Amounts owed by group undertakings
2,018
14
Other debtors
128,565
38,234
137,559
101,962
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
29,531
25,153
Trade creditors
71,527
82,554
Taxation and social security
86,475
37,240
Other creditors
425,703
269,720
613,236
414,667
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,588,707
1,615,967
Other creditors
144,927
303,891
1,733,634
1,919,858
The company has provided security for its bank loans by way of a fixed charge over the company's freehold property and a fixed and floating charge over all of the company's property and undertakings present and future.
9
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
106,002
121,108
CAERLEON HOUSE CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 9 -
10
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 is unqualified and includes the following:
Opinion
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Senior Statutory Auditor:
V R Thayalan
Statutory Auditor:
Lawrence Grant LLP
Date of audit report:
29 August 2025
11
Other financial commitments
The company has provided an unlimited cross company guarantee for group borrowing of £1,085,000. The company has provided security for the guarantee by way of a fixed charge over the company's freehold property and a fixed and floating charge over all of the company's property and undertakings present and future.
12
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
Total commitments
19,123
33,920
13
Related party transactions
The company has taken advantage of the exemption available in FRS 102 (s33 "Related Party Disclosure"), whereby it has not disclosed transactions with any wholly owned subsidiary undertaking of the group.
At the year end date, the company was owed £27,569 (2023: £14,059) by companies in which there are common directors. This is balance is included in other debtors falling due within one year.
14
Parent company
The controlling party is Marble Arch Investment Group Limited, a company incorporated in England and Wales.
2024-08-312023-09-01falsefalsefalse29 August 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr S K ShethMr B S BrainchMr A K ShethMr P P Mamtora125601182023-09-012024-08-31125601182024-08-31125601182023-08-3112560118core:NetGoodwill2024-08-3112560118core:NetGoodwill2023-08-3112560118core:LandBuildingscore:OwnedOrFreeholdAssets2024-08-3112560118core:LeaseholdImprovements2024-08-3112560118core:PlantMachinery2024-08-3112560118core:FurnitureFittings2024-08-3112560118core:ComputerEquipment2024-08-3112560118core:MotorVehicles2024-08-3112560118core:LandBuildingscore:OwnedOrFreeholdAssets2023-08-3112560118core:LeaseholdImprovements2023-08-3112560118core:PlantMachinery2023-08-3112560118core:FurnitureFittings2023-08-3112560118core:ComputerEquipment2023-08-3112560118core:MotorVehicles2023-08-3112560118core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3112560118core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3112560118core:ShareCapital2024-08-3112560118core:ShareCapital2023-08-3112560118core:OtherMiscellaneousReserve2024-08-3112560118core:OtherMiscellaneousReserve2023-08-3112560118core:RetainedEarningsAccumulatedLosses2024-08-3112560118core:RetainedEarningsAccumulatedLosses2023-08-3112560118bus:Director12023-09-012024-08-3112560118bus:Director42023-09-012024-08-3112560118core:Goodwill2023-09-012024-08-3112560118core:LandBuildingscore:OwnedOrFreeholdAssets2023-09-012024-08-3112560118core:LeaseholdImprovements2023-09-012024-08-3112560118core:PlantMachinery2023-09-012024-08-3112560118core:FurnitureFittings2023-09-012024-08-3112560118core:ComputerEquipment2023-09-012024-08-3112560118core:MotorVehicles2023-09-012024-08-31125601182022-09-012023-08-3112560118core:NetGoodwill2023-08-3112560118core:NetGoodwill2023-09-012024-08-3112560118core:LandBuildingscore:OwnedOrFreeholdAssets2023-08-3112560118core:LeaseholdImprovements2023-08-3112560118core:PlantMachinery2023-08-3112560118core:FurnitureFittings2023-08-3112560118core:ComputerEquipment2023-08-3112560118core:MotorVehicles2023-08-31125601182023-08-3112560118core:CurrentFinancialInstruments2024-08-3112560118core:CurrentFinancialInstruments2023-08-3112560118core:WithinOneYear2024-08-3112560118core:WithinOneYear2023-08-3112560118core:Non-currentFinancialInstruments2024-08-3112560118core:Non-currentFinancialInstruments2023-08-3112560118bus:PrivateLimitedCompanyLtd2023-09-012024-08-3112560118bus:SmallCompaniesRegimeForAccounts2023-09-012024-08-3112560118bus:FRS1022023-09-012024-08-3112560118bus:Audited2023-09-012024-08-3112560118bus:Director22023-09-012024-08-3112560118bus:Director32023-09-012024-08-3112560118bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP