IRIS Accounts Production v25.2.0.378 09058744 Board of Directors 1.4.24 31.3.25 31.3.25 true false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09058744 2024-03-31 09058744 2025-03-31 09058744 2024-04-01 2025-03-31 09058744 2023-03-31 09058744 2023-04-01 2024-03-31 09058744 2024-03-31 09058744 ns15:EnglandWales 2024-04-01 2025-03-31 09058744 ns14:PoundSterling 2024-04-01 2025-03-31 09058744 ns10:Director1 2024-04-01 2025-03-31 09058744 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09058744 ns10:SmallEntities 2024-04-01 2025-03-31 09058744 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09058744 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 09058744 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09058744 ns10:FullAccounts 2024-04-01 2025-03-31 09058744 1 2024-04-01 2025-03-31 09058744 ns10:Director2 2024-04-01 2025-03-31 09058744 ns10:Director3 2024-04-01 2025-03-31 09058744 ns10:CompanySecretary1 2024-04-01 2025-03-31 09058744 ns10:RegisteredOffice 2024-04-01 2025-03-31 09058744 ns5:CurrentFinancialInstruments 2025-03-31 09058744 ns5:CurrentFinancialInstruments 2024-03-31 09058744 ns5:Non-currentFinancialInstruments 2025-03-31 09058744 ns5:Non-currentFinancialInstruments 2024-03-31 09058744 ns5:ShareCapital 2025-03-31 09058744 ns5:ShareCapital 2024-03-31 09058744 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 09058744 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 09058744 ns5:NetGoodwill 2024-04-01 2025-03-31 09058744 ns5:NetGoodwill 2024-03-31 09058744 ns5:NetGoodwill 2025-03-31 09058744 ns5:NetGoodwill 2024-03-31 09058744 ns5:LandBuildings 2024-03-31 09058744 ns5:FurnitureFittings 2024-03-31 09058744 ns5:ComputerEquipment 2024-03-31 09058744 ns5:LandBuildings 2024-04-01 2025-03-31 09058744 ns5:FurnitureFittings 2024-04-01 2025-03-31 09058744 ns5:ComputerEquipment 2024-04-01 2025-03-31 09058744 ns5:LandBuildings 2025-03-31 09058744 ns5:FurnitureFittings 2025-03-31 09058744 ns5:ComputerEquipment 2025-03-31 09058744 ns5:LandBuildings 2024-03-31 09058744 ns5:FurnitureFittings 2024-03-31 09058744 ns5:ComputerEquipment 2024-03-31 09058744 ns5:CostValuation 2024-03-31 09058744 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 09058744 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 09058744 ns5:WithinOneYear 2025-03-31 09058744 ns5:WithinOneYear 2024-03-31 09058744 ns5:BetweenOneFiveYears 2025-03-31 09058744 ns5:BetweenOneFiveYears 2024-03-31 09058744 ns5:AllPeriods 2025-03-31 09058744 ns5:AllPeriods 2024-03-31 09058744 ns5:Secured 2025-03-31 09058744 ns5:Secured 2024-03-31 09058744 1 ns10:Director1 2024-03-31 09058744 1 ns10:Director1 2023-03-31 09058744 1 ns10:Director1 2024-04-01 2025-03-31 09058744 1 ns10:Director1 2023-04-01 2024-03-31 09058744 1 ns10:Director1 2025-03-31 09058744 1 ns10:Director1 2024-03-31 09058744 ns10:Director2 2 2024-03-31 09058744 ns10:Director2 2 2023-03-31 09058744 ns10:Director2 2 2024-04-01 2025-03-31 09058744 ns10:Director2 2 2023-04-01 2024-03-31 09058744 ns10:Director2 2 2025-03-31 09058744 ns10:Director2 2 2024-03-31

REGISTERED NUMBER: 09058744 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

AMICARE HOLDINGS LIMITED

AMICARE HOLDINGS LIMITED (REGISTERED NUMBER: 09058744) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| AMICARE HOLDINGS LIMITED |

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTORS: | M L Malhan

| A Malhan

| W Malhan

| SECRETARY: | M L Malhan

| REGISTERED OFFICE: | Amicare House

| Thurmaston Village Court

| 651 Melton Road

| Leicester

| LE4 8EB

| REGISTERED NUMBER: | 09058744 (England and Wales)

| ACCOUNTANTS: | Magma Audit LLP

| 16 Davy Court

| Castle Mound Way

| Rugby, CV23 0UZ

| Magma Audit LLP is part

| Of the Dains Group

AMICARE HOLDINGS LIMITED (REGISTERED NUMBER: 09058744) |

BALANCE SHEET

31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 2,498,657 |  | 2,506,809 |  |

Investments | 6 | 180 |  | 180 |  |

2,498,837 |  | 2,506,989 |  |

CURRENT ASSETS

Debtors | 7 | 498,255 |  | 581,473 |  |

Cash at bank | 332,075 |  | 522,247 |  |

830,330 |  | 1,103,720 |  |

CREDITORS

Amounts falling due within one year | 8 | (384,370 | ) | (513,580 | ) |

NET CURRENT ASSETS | 445,960 |  | 590,140 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,944,797 |  | 3,097,129 |  |

CREDITORS

Amounts falling due after more than one year | 9 | - |  | (513,299 | ) |

NET ASSETS | 2,944,797 |  | 2,583,830 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 2,944,697 |  | 2,583,730 |  |

SHAREHOLDERS' FUNDS | 2,944,797 |  | 2,583,830 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AMICARE HOLDINGS LIMITED (REGISTERED NUMBER: 09058744) |

BALANCE SHEET - continued

31 March 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

M L Malhan - Director

AMICARE HOLDINGS LIMITED (REGISTERED NUMBER: 09058744) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Amicare Holdings Limited is a limited company, registered in England and Wales. Its registered office address is Amicare House Thurmaston Village Court, 651 Melton Road, Thurmaston, Leicester, LE4 8EB and the registered number is 09058744.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The presentational currency of the financial statements is Sterling (£) and the figures are rounded to the nearest £1.

| Preparation of consolidated financial statements

| The company and its subsidiary form a small group. The company is therefore not required to produce consolidated financial statements and has not done so. These financial statements present information about the company as a single entity.

| Turnover

| Turnover represents rental and consultancy income and is measured as the fair value of the consideration received or receivable, excluding discounts and value added tax. The following criteria must also be met before revenue is recognised:

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2014, was being amortised evenly over its estimated useful life of five years. The goodwill is now fully amortised.

| Tangible fixed assets

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

| Depreciation is provided on the following basis:

| Fixtures and fittings |  | - 10% on reducing balance |  |

| Computer equipment |  | - 33% straight line |  |

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| No depreciation is made on freehold land and buildings. The policy of not providing for depreciation on freehold buildings is a departure from the requirement of the Companies Act 2006 concerning the depreciation of fixed assets. It is in the opinion of the directors that the life of the assets are so long and their residual value so high, that depreciation is insignificant. Annual impairment reviews are undertaken to confirm this treatment.

AMICARE HOLDINGS LIMITED (REGISTERED NUMBER: 09058744) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| (i) Financial assets

| Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at

| transaction price, 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.

| Such assets are subsequently carried at amortised cost using the effective interest rate method.

| (ii) Financial liabilities

| Basic financial liabilities, including trade and other creditors 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.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Taxation

| The tax expense for the year comprises current and deferred tax.

| Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

| - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered

| against the reversal of deferred tax liabilities or other future taxable profits; and

| - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

| Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Operating leases

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Investments

| Investments are held at cost less any provision for impairment where appropriate.

| Cash and cash equivalents

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

AMICARE HOLDINGS LIMITED (REGISTERED NUMBER: 09058744) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 80,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 80,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Freehold |  | Fixtures |

| land & |  | and |  | Computer |

| buildings |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 2,370,045 |  | 358,310 |  | 25,606 |  | 2,753,961 |  |

| Additions | - |  | 5,764 |  | 1,029 |  | 6,793 |  |

| Disposals | - |  | - |  | (8,100 | ) | (8,100 | ) |

| At 31 March 2025 | 2,370,045 |  | 364,074 |  | 18,535 |  | 2,752,654 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 223,903 |  | 23,249 |  | 247,152 |  |

| Charge for year | - |  | 13,478 |  | 1,431 |  | 14,909 |  |

| Eliminated on disposal | - |  | - |  | (8,064 | ) | (8,064 | ) |

| At 31 March 2025 | - |  | 237,381 |  | 16,616 |  | 253,997 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,370,045 |  | 126,693 |  | 1,919 |  | 2,498,657 |  |

| At 31 March 2024 | 2,370,045 |  | 134,407 |  | 2,357 |  | 2,506,809 |  |

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 180 |  |

| NET BOOK VALUE

| At 31 March 2025 | 180 |  |

| At 31 March 2024 | 180 |  |

AMICARE HOLDINGS LIMITED (REGISTERED NUMBER: 09058744) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 119,847 |  | 124,197 |  |

| Amounts owed by group undertakings | 200,634 |  | 207,600 |  |

| Other debtors | 177,774 |  | 249,676 |  |

498,255 |  | 581,473 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 118,120 |  |

| Trade creditors | 2,216 |  | 707 |  |

| Amounts owed to group undertakings | - |  | 766 |  |

| Taxation and social security | 117,887 |  | 109,160 |  |

| Other creditors | 264,267 |  | 284,827 |  |

384,370 |  | 513,580 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 513,299 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 8,801 |  | 9,024 |  |

| Between one and five years | 9,535 |  | 1,504 |  |

18,336 |  | 10,528 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 631,419 |  |

| The bank loan was secured by an unlimited debenture from the company, a guarantee from M Malhan for a principal amount of £140,000 plus interest and other costs, and a first legal charge over the premises. The bank loan was repaid in full in the year.

AMICARE HOLDINGS LIMITED (REGISTERED NUMBER: 09058744) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| M L Malhan

| Balance outstanding at start of year | 9,021 |  | (8,092 | ) |

| Amounts advanced | 76,539 |  | 62,113 |  |

| Amounts repaid | (85,000 | ) | (45,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 560 |  | 9,021 |  |

| A Malhan

| Balance outstanding at start of year | 150,706 |  | 1,004,210 |  |

| Amounts advanced | 184,421 |  | 493,651 |  |

| Amounts repaid | (333,613 | ) | (1,347,155 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 1,514 |  | 150,706 |  |

13. | RELATED PARTY DISCLOSURES

| 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.

| During the year, the company provided rent of £226,118 (2024: £205,500) to a company with common directors. At the year end, a balance of £Nil (2024: £3,916) was owed from the company. This is within trade and other debtors at the year end.

| At the year end, a balance of £158,400 (2024: £207,600) was owed from a company with common directors. This is within other debtors at the year end.

| At the year end, a balance of £42,234 (2024: Nil) was owed from a company with common directors. This is within other debtors at the year end.

| At the year end, a balance of £69,709 (2024: £87,949) was owed from a company with common directors. This is within other debtors at the year end.

| At the year end, a balance of £245,258 (2024: £262,432) was owed to the directors children. This included interest accrued in the year of £11,138 (2024: £11,083).