MAPLETON CARE GROUP LTD - Filleted accounts

Registered number

11792993

MAPLETON CARE GROUP LTD

Filleted Accounts

31 December 2024

MAPLETON CARE GROUP LTD
Registered number:		11792993
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		4,746,570			1,091,622

Current assets
Debtors	4	343,308			364,917
Cash at bank and in hand		1,512,126			1,439,120
		1,855,434			1,804,037

Creditors: amounts falling due within one year	5	(2,977,332)			(560,839)

Net current (liabilities)/assets			(1,121,898)			1,243,198

Net assets			3,624,672			2,334,820

Capital and reserves
Called up share capital			100			100
Profit and loss account			3,624,572			2,334,720

Shareholders' funds			3,624,672			2,334,820

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.




Ravindra H Patel
Director
Approved by the board on 2 August 2025

MAPLETON CARE GROUP LTD
Notes to the Accounts
for the year ended 31 December 2024


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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	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					2024		2023
Number							Number

	Average number of persons employed by the company					110		104


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	1,142,132		403,719		45,895		1,591,746
	Additions	3,676,632		169,446		25,363		3,871,441
	At 31 December 2024	4,818,764		573,165		71,258		5,463,187

	Depreciation
	At 1 January 2024	114,211		374,439		11,474		500,124
	Charge for the year	96,376		113,233		6,884		216,493
	At 31 December 2024	210,587		487,672		18,358		716,617

	Net book value
	At 31 December 2024	4,608,177		85,493		52,900		4,746,570
	At 31 December 2023	1,027,921		29,280		34,421		1,091,622


4	Debtors					2024		2023
£							£

	Trade debtors					343,308		364,917


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					327,944		212,453
	Taxation and social security costs					327,520		348,386
	Other creditors					2,321,868		-
						2,977,332		560,839


6	Related party transactions

	One of the properties which the company operates from is owned by the directors and shareholders of the company, Mr R H Patel and Mrs H R Patel, to whom a rent of £180,000 was paid during the year. Other creditors includes £2,321,368 due to Interhaze Ltd, a company in which Mr R H Patel and Mrs H R Patel are controlling shareholders,in respect a loan and further borrowings for the acquisition of a new care home property. The borrowings carry an interest rate at the commercial rate of 2.25% which prevailed during the year 2024.The company also rents three further properties from Interhaze Ltd, which it operates as care homes for the elderly, for which rents at the going open market rental value has been paid during the year.


7	Controlling party

	The company is controlled by Mr R H Patel and Mrs H R Patel, the directors, who between them own 70% of the share capital of the company.


8	Other information

	MAPLETON CARE GROUP LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Hunters Lodge
	Hollybush Lane
	Codsall
	Wolverhampton
	WV8 2AT