Abbey Healthcare Homes (East Kilbride) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04616609

Abbey Healthcare Homes (East Kilbride) Limited

Filleted Financial Statements

For the year ended

31 December 2024

Abbey Healthcare Homes (East Kilbride) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	458,454	420,866

Current assets

Debtors	6	3,421,315	2,730,493
Cash at bank and in hand		53,430	116,759
		------------	------------
		3,474,745	2,847,252

Creditors: amounts falling due within one year	7	7,593,762	6,983,483
		------------	------------
Net current liabilities		4,119,017	4,136,231
		------------	------------
Total assets less current liabilities		( 3,660,563)	( 3,715,365)

Provisions	8	305,722	305,722
		------------	------------
Net liabilities		( 3,966,285)	( 4,021,087)
		------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 3,967,285)	( 4,022,087)
	------------	------------
Shareholders deficit	( 3,966,285)	( 4,021,087)
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 8 September 2025 , and are signed on behalf of the board by:

A Taylor

Director

Company registration number: 04616609

Abbey Healthcare Homes (East Kilbride) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Abbey Healthcare, Sutherland House, 70 - 78 West Hendon Broadway, London, NW9 7BT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Going concern

The company has made a profit for the year but has net liabilities. It does have group support and accordingly the financial statements have been prepared on a going concern basis. The directors are satisfied that the company has group support and that group can provide that support such that it has the ability to meet its financial obligations as they fall due for a period of at least 12 months from the date of approval of the financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In preparing these financial statements, the directors have made the following judgements:- 1 Determine whether there are indicators of impairment of the tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty 2 Tangible fixed assets:- Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 75 (2023: 92 ).

5. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 January 2024	1,030,826
Additions	235,499
	------------
At 31 December 2024	1,266,325
	------------
Depreciation
At 1 January 2024	609,960
Charge for the year	197,911
	------------
At 31 December 2024	807,871
	------------
Carrying amount
At 31 December 2024	458,454
	------------
At 31 December 2023	420,866
	------------

6. Debtors

	2024	2023
	£	£
Trade debtors	219,880	157,051
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,899,277	2,431,152
Other debtors	302,158	142,290
	------------	------------
	3,421,315	2,730,493
	------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	209,223	322,739
Amounts owed to group undertakings and undertakings in which the company has a participating interest	6,682,724	5,918,277
Social security and other taxes	515,581	519,983
Other creditors	186,234	222,484
	------------	------------
	7,593,762	6,983,483
	------------	------------

8. Provisions

	Tax provision
	£
At 1 January 2024 and 31 December 2024	305,722
	---------

Tax provision During the prior year, the company received assessments from HMRC for corporation tax in respect of previous years. The full amount of corporation tax, along with potential penalties and interest liabilities was provided for in the 2019 financial statements. The total liability is being reviewed and the final amounts due are yet to be agreed. The corporation tax and associated interest has been paid .

9. Contingencies

The company has provided a cross guarantee for loans in a related company.

10. Summary audit opinion

The auditor's report dated 9 September 2025 was unqualified .

The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .

11. Controlling party

The company was under the control of the Trustees of the Prabhdyal Sodhi Overseas Settlement throughout the year, an entity based in Gibraltar. The immediate parent company is Lansbury Limited, a company incorporated in Gibraltar.