Registration number: 11068493

Camino Healthcare (Nuneaton) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Camino Healthcare (Nuneaton) Limited

(Registration number: 11068493)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	12,760,736	8,208,104
Current assets
Stocks	5	1,440	685
Debtors	6	1,284,513	1,404,437
Cash at bank and in hand		40,258	(1,436)
		1,326,211	1,403,686
Creditors: Amounts falling due within one year	7	(5,478,928)	(5,636,935)
Net current liabilities		(4,152,717)	(4,233,249)
Total assets less current liabilities		8,608,019	3,974,855
Provisions for liabilities		(2,192,396)	(879,953)
Net assets		6,415,623	3,094,902
Capital and reserves
Called up share capital		1	1
Revaluation reserve		5,795,019	2,382,519
Retained earnings		620,603	712,382
Shareholders' funds		6,415,623	3,094,902

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 August 2025 and signed on its behalf by:
 

......................................... O G S Horsey Director

Camino Healthcare (Nuneaton) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and rounded to the nearest pound.

Going concern

The company has maintained the number of residents within the care home during the year and the results show an increased level of profit which the Directors consider to be sustainable. The group in which the company is a member has carried out a refinancing process and this new agreement has ensured the company has the continued support of finance providers for the forseeable future. Therefore the Directors are of the opinion that there will not be any long term issues for the company and the going concern basis is therefore appropriate.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 26 August 2025 was Emily Ness ACA, who signed for and on behalf of UHY Ross Brooke.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reports for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Recoverability of intercompany balances
The company reviews annually whether the amounts owed from group undertakings and related parties require impairment. The recoverable amounts are determined from reviewing the financial position of each entity which owes to determine if the balance sheet position is recoverable.

Camino Healthcare (Nuneaton) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of mental rehabilitation services within a residential care home in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 each of the company's activities.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Land and buildings held and used in the company's own activities for the supply of services are stated in the statement of financial postition at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve.

Plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	33.3% Reducing balance basis
Plant and machinery	33.3% Reducing balance basis
Freehold land and buildings	Nil
Office equipment	33% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Camino Healthcare (Nuneaton) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 3). Staff are employed by parent company and recharged at cost.

Camino Healthcare (Nuneaton) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	8,169,114	43,226	7,554	2,183	8,222,077
Revaluations	4,550,000	-	-	-	4,550,000
Additions	8,574	4,074	-	6,759	19,407
Disposals	-	(3,137)	-	-	(3,137)
At 31 December 2024	12,727,688	44,163	7,554	8,942	12,788,347
Depreciation
At 1 January 2024	-	9,697	3,470	806	13,973
Charge for the year	-	11,638	1,360	640	13,638
At 31 December 2024	-	21,335	4,830	1,446	27,611
Carrying amount
At 31 December 2024	12,727,688	22,828	2,724	7,496	12,760,736
At 31 December 2023	8,169,114	33,529	4,084	1,377	8,208,104

Included within the net book value of land and buildings above is £12,727,688 (2023 - £8,169,114) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's freehold land and buildings was revalued on 24 January 2025 by an independent valuer.
The valuation was based on market value. The name and qualification of the independent valuer are Knight Frank LLP MRICS.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £4,523,308 (2023 - £4,523,308).

5

Stocks

	2024 £	2023 £
Work in progress	1,440	685

Camino Healthcare (Nuneaton) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		368,904	733,510
Amounts owed by related parties	10	723,136	575,409
Prepayments		2,968	10,296
Other debtors		189,505	85,222
		1,284,513	1,404,437

The amounts owed by related parties are unsecured, interest free and repayable on demand. However, the company does not intend to recall the amounts owed in the next 18 months.

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		68,794	3,761
Amounts owed to group undertakings	10	5,062,525	5,246,636
Taxation and social security		274,239	89,844
Other creditors		73,370	296,694
		5,478,928	5,636,935