REGISTERED NUMBER: 06976760 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Red Homes Healthcare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Daniel

Mrs T J Hood

Ms H E Daniel

Mrs M J Daniel

Ms P A Cannell

Mme S M Daniel

REGISTERED OFFICE:

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

REGISTERED NUMBER:

06976760 (England and Wales)

ACCOUNTANTS:

Hood Parkes & Co

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

352,381

305,487

352,381

305,487

CURRENT ASSETS

Debtors

6

92,760

50,240

Cash at bank and in hand

252,698

120,784

345,458

171,024

CREDITORS

Amounts falling due within one year

7

567,863

350,521

NET CURRENT LIABILITIES

(222,405

)

(179,497

)

TOTAL ASSETS LESS CURRENT LIABILITIES

129,976

125,990

CREDITORS

Amounts falling due after more than one year

8

(8,122

)

(12,184

)

PROVISIONS FOR LIABILITIES

(42,032

)

(32,796

)

NET ASSETS

79,822

81,010

CAPITAL AND RESERVES

Called up share capital

202

202

Retained earnings

79,620

80,808

SHAREHOLDERS' FUNDS

79,822

81,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd September 2025 and were signed on its behalf by:

Ms H E Daniel - Director

1.	STATUTORY INFORMATION

Red Homes Healthcare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2023 - 70 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

8,679

AMORTISATION

At 1st January 2024

and 31st December 2024

8,679

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1st January 2024

123,368

379,370

10,298

513,036

Additions

-

84,776

2,598

87,374

At 31st December 2024

123,368

464,146

12,896

600,410

DEPRECIATION

At 1st January 2024

-

200,741

6,808

207,549

Charge for year

-

39,511

969

40,480

At 31st December 2024

-

240,252

7,777

248,029

NET BOOK VALUE

At 31st December 2024

123,368

223,894

5,119

352,381

At 31st December 2023

123,368

178,629

3,490

305,487

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

75,969

41,879

Other debtors

16,791

8,361

92,760

50,240

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

150,389

116,311

Taxation and social security

25,475

33,438

Other creditors

391,999

200,772

567,863

350,521

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

8,122

12,184

9.	RELATED PARTY DISCLOSURES

During the year under review the company has paid rent of £1 (2023: £1) to R G Daniel; Director and shareholder of the company for use of freehold property by the company which is owned by him.

The lease is under formal contract terms and has an agreed rental review period of every five years.

Red Homes Healthcare (Grantham) Ltd t/a Red Court

A company owned by the shareholders, of which R G Daniel, M J Daniel, H E Daniel and T J Hood, are Directors.

Red Roofs Midlands Ltd

A company owned by the shareholders, of which R G Daniel, M J Daniel, H E Daniel and T J Hood, are Directors, is owed £11,065 (2023: £11,065) by the company. No date for repayment has been agreed and no interest charged.

Red Homes Properties Ltd

A company owned by the shareholders, of which R G Daniel and H E Daniel are Directors, owes £13 (2023: £13) to the company. No date for repayment has been agreed and no interest charged.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is R G Daniel.

11.	CONSULTANCY FEES

Included in the costs of Professional Fees are the following Consultancy Fees which are split into:

Mortgage repayments relating to the loans on the buildings - £239,822

Overheads for consultancy - £50,000

Consultancy Fees - £430,178