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| Registered number: 15362875
AIVEDA AC LIMITED UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 31 MARCH 2025
AIVEDA AC LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFAIVEDA AC LIMITED FOR THE PERIOD ENDED 31 MARCH 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aiveda AC Limited for the period ended 31 March 2025 which comprise the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given to us. As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations. This report is made solely to the Board of directors of Aiveda AC Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Aiveda AC Limited and state those matters that we have agreed to state to the Board of directors of Aiveda AC Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aiveda AC Limited and its Board of directors, as a body, for our work or for this report. It is your duty to ensure that Aiveda AC Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Aiveda AC Limited is exempt from the statutory audit requirement for the . We have not been instructed to carry out an audit or review of the financial statements of Aiveda AC Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Bishop Fleming Audit Limited Chartered Accountants 10 Temple Back Bristol BS1 6FL 12 September 2025 Page 1
AIVEDA AC LIMITED REGISTERED NUMBER:15362875 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
| 2025
Note | £
Fixed assets |  |
Intangible assets | 4 | 129,600
Tangible assets | 5 | 922,508
|  | 1,052,108
Current assets |  |
Stocks |  | 8,000
Debtors: amounts falling due within one year | 6 | 140,060
Cash at bank and in hand | 7 | 50,112
|  | 198,172
Creditors: amounts falling due within one year | 8 | (428,463)
Net current (liabilities)/assets |  | (230,291)
Total assets less current liabilities |  | 821,817
Net assets |  | 821,817
Capital and reserves |  |
Called up share capital |  | 100
Profit and loss account |  | 821,717
|  | 821,817
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AIVEDA AC LIMITED REGISTERED NUMBER:15362875 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 479A of the Companies Act 2006. The members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Reepa Fatania
Director
Date: 11 September 2025
The notes on pages 4 to 10 form part of these financial statements. Page 3
AIVEDA AC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
1. | GENERAL INFORMATION
Aiveda AC Limited is a private company limited by shares incorporated in England and Wales. The registered office is 38 Drummond Drive, Stanmore, England, HA7 3PD. The principal activity of the company during the period was providing residential and other related care facilities for the elderly and disabled. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The financial statements have been prepared in GBP and are rounded to the nearest pound. The following principal accounting policies have been applied:
| 2.2 | GROUP REORGANISATION AND HIVE DOWN TRANSACTIONS
As explained in note 12, the Aiveda Limited (the 'parent company') undertook a group reorganisation on 1 April 2024 involving the hive down of its trade and related assets to three wholly owned subsidiaries. The company has applied the principles of hybrid demerger accounting, which combines elements of merger accounting and acquisition accounting as permitted under FRS 102 Section 19 and relevant guidance. The hive down transactions have been accounted for using predecessor value (book value) accounting, reflecting the carrying amounts of assets (including the preexisting goodwill balances) and liabilities transferred. No new goodwill has been recognised in respect of these transfers, as the transactions occurred under common control and did not constitute a business combination in substance.
| 2.3 | GOING CONCERN
The financial statements have been prepared on a going concern basis. The directors have considered a period of twelve months from the date of approval of the financial statements and believe that the parent company and the group will be able to continue to meet liabilities as they fall due in that period.
| 2.4 | TURNOVER
Revenue from accommodation and care services is recognised monthly as the services are delivered to residents. This reflects the transfer of benefits to the customer and aligns with the performance obligations under the care agreement. Any government funding or local authority contributions are recognised in line with the agreed funding arrangements and when the conditions for entitlement are met. Page 4
AIVEDA AC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.5 | PENSIONS
DEFINED CONTRIBUTION PENSION PLAN The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | CURRENT AND DEFERRED TAXATION
The tax expense for the period 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. 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.7 | GOODWILL
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life of ten years. Page 5
AIVEDA AC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.8 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model 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 on all fixed assets, except for freehold land, so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method or reducing balance method. Depreciation is provided on the following basis:
|  |  |  | Freehold buildings | - | 2% on cost
|  |  |  | Plant and machinery | - | 15% or 25% on reducing balance
|  |  |  | Fixtures and fittings | - | 15% on reducing balance
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.
| 2.9 | STOCKS
Stocks comprise consumables to be sold or used in the next period, and is based on the cost of purchase.
| 2.10 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment.
| 2.11 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.
| 2.12 | CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.13 | PROVISIONS FOR LIABILITIES
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 6
AIVEDA AC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the period was 43.
4. | INTANGIBLE ASSETS
|  | Goodwill
|  | £
| COST |
| Intra-group transfers | 140,400
| At 31 March 2025 | 140,400
| AMORTISATION |
| Charge for the period | 10,800
| At 31 March 2025 | 10,800
| NET BOOK VALUE |
| At 31 March 2025 | 129,600
| The goodwill arose on the acquisition of the Group's three care homes. On 1 April 2024 the parent company transferred its three care homes to its three subsidiaries. The transfers include all related assets, including goodwill, and therefore the table above reflects that transfer.
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AIVEDA AC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
5. | TANGIBLE FIXED ASSETS
|  | Freehold property | Plant and machinery | Fixtures and fittings | Total
|  | £ | £ | £ | £
| COST OR VALUATION |  |  |  |
| Additions | - | 1,667 | 1,780 | 3,447
| Transfers intra group | 890,178 | 20,197 | 27,200 | 937,575
| Disposals | - | (8,563) | (15,799) | (24,362)
| At 31 March 2025 | 890,178 | 13,301 | 13,181 | 916,660
| DEPRECIATION |  |  |  |
| Charge for the period | 2,561 | 2,757 | 6,421 | 11,739
| Disposals | - | (5,081) | (12,506) | (17,587)
| At 31 March 2025 | 2,561 | (2,324) | (6,085) | (5,848)
| NET BOOK VALUE |  |  |  |
| At 31 March 2025 | 887,617 | 15,625 | 19,266 | 922,508
| On 1 April 2024 the parent company transferred its three care homes to its three subsidiaries. The transfers include all related assets, including related tangible fixed assets, and therefore the table above reflects that transfer.
6. | DEBTORS
|  |  |  |  | 2025
|  |  |  |  | £
| Amounts owed by group undertakings | 2,119
| Amounts owed by companies under common control | 12,135
| Other debtors | 1,562
| Prepayments and accrued income | 107,846
| Deferred taxation | 16,398
|  | 140,060
Page 8
AIVEDA AC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
7. | CASH AND CASH EQUIVALENTS
|  |  |  |  | 2025
|  |  |  |  | £
| Cash at bank and in hand | 50,112
|  | 50,112
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025
|  |  |  |  | £
| Trade creditors | 4,664
| Amounts owed to group undertakings | 155,462
| Corporation tax | 165,682
| Other taxation and social security | 19,755
| Other creditors | 48,252
| Accruals and deferred income | 34,648
|  | 428,463
9. | SHARE CAPITAL
|  |  |  |  | 2025
|  |  |  |  | £
|  | ALLOTTED, CALLED UP AND FULLY PAID |
|  | 100 Ordinary shares of £1.00 each | 100
Called up share capital represents the nominal value of shares that have been issued.
10. | PENSION COMMITMENTS
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £17,065. Contributions totalling £1,240 were payable to the fund at the reporting date and are included in creditors.
11. | RELATED PARTY TRANSACTIONS
| In accordance with FRS 102 section 33.1A the company has taken advantage of the exemption available not to disclose the details of transactions entered into between wholly owned subsidiaries of the Aiveda Limited group. During the period the Company recharged costs of £129,857 to Humanicare Limited, a company with directors in common. At the period end an outstanding balance of £12,135 is included with debtors.
Page 9
AIVEDA AC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
12. | GROUP REORGANISATION AND HIVE DOWN TRANSACTIONS
On 1 April 2024 the trade and net assets of Aiveda Limited were transferred to Aiveda AC Limited, Aiveda ML Limited and Aiveda SS Limited. The book value of the assets and liabilities transferred from Aiveda Limited to Aiveda AC Limited were £1,047,508. The consideration for the transactions was credited to intercompany. As at 31 March 2025, Aiveda Limited was owed £146,760 by Aiveda AC Limited.
13. | CONTROLLING PARTY
Aiveda Limited, a company incorporated England and Wales, is the immediate and ultimate parent undertaking of Aiveda AC Limited. Aiveda AC Limited is consolidated within the financial statements of Aiveda Limited which can be obtained from 38 Drummond Drive, Stanmore, Middlesex, HA7 3PD.
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