IRIS Accounts Production v25.1.4.42 05283297 Board of Directors 1.4.24 31.3.25 31.3.25 22.8.25 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05283297 2024-03-31 05283297 2025-03-31 05283297 2024-04-01 2025-03-31 05283297 2023-03-31 05283297 2023-04-01 2024-03-31 05283297 2024-03-31 05283297 ns15:EnglandWales 2024-04-01 2025-03-31 05283297 ns14:PoundSterling 2024-04-01 2025-03-31 05283297 ns10:Director1 2024-04-01 2025-03-31 05283297 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05283297 ns10:SmallEntities 2024-04-01 2025-03-31 05283297 ns10:Audited 2024-04-01 2025-03-31 05283297 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 05283297 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05283297 ns10:FullAccounts 2024-04-01 2025-03-31 05283297 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 05283297 ns10:Director2 2024-04-01 2025-03-31 05283297 ns10:Director3 2024-04-01 2025-03-31 05283297 ns10:Director4 2024-04-01 2025-03-31 05283297 ns10:CompanySecretary1 2024-04-01 2025-03-31 05283297 ns10:RegisteredOffice 2024-04-01 2025-03-31 05283297 ns5:CurrentFinancialInstruments 2025-03-31 05283297 ns5:CurrentFinancialInstruments 2024-03-31 05283297 ns5:Non-currentFinancialInstruments 2025-03-31 05283297 ns5:Non-currentFinancialInstruments 2024-03-31 05283297 ns5:ShareCapital 2025-03-31 05283297 ns5:ShareCapital 2024-03-31 05283297 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 05283297 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 05283297 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 05283297 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 05283297 ns5:Secured 2025-03-31 05283297 ns5:Secured 2024-03-31 05283297 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 05283297 (England and Wales)

THE UNITED HEALTHCARE LAND COMPANY

LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

| THE UNITED HEALTHCARE LAND COMPANY |

| LIMITED (REGISTERED NUMBER: 05283297) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 3 |

| THE UNITED HEALTHCARE LAND COMPANY |

| LIMITED |

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTORS: | L S Neilson

| A G Doyle

| N C S Robson

| D J Winch

| SECRETARY: | A G Doyle

| REGISTERED OFFICE: | 1 Quay Point

| Station Road

| Woodbridge

| Suffolk

| IP12 4AL

| REGISTERED NUMBER: | 05283297 (England and Wales)

| AUDITORS: | Berringers LLP

| Chartered Accountants

| and Statutory Auditors

| Lygon House

| 50 London Road

| Bromley

| Kent

| BR1 3RA

| THE UNITED HEALTHCARE LAND COMPANY |

| LIMITED (REGISTERED NUMBER: 05283297) |

BALANCE SHEET

31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Contract costs | 4 | 4,179,704 |  | 4,791,173 |  |

Debtors | 5 | 287,610 |  | 329,730 |  |

Cash at bank | 2,109,380 |  | 1,787,138 |  |

6,576,694 |  | 6,908,041 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,896,875 |  | 1,714,023 |  |

NET CURRENT ASSETS | 4,679,819 |  | 5,194,018 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,679,819 |  | 5,194,018 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 7,794,819 |  | 8,756,604 |  |

NET LIABILITIES | (3,115,000 | ) | (3,562,586 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 1,000 |  | 1,000 |  |

Retained earnings | (3,116,000 | ) | (3,563,586 | ) |

SHAREHOLDERS' FUNDS | (3,115,000 | ) | (3,562,586 | ) |

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 22 August 2025 and were signed on its behalf by:

D J Winch - Director

| THE UNITED HEALTHCARE LAND COMPANY |

| LIMITED (REGISTERED NUMBER: 05283297) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| The United Healthcare Land Company 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.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and

| assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the

| amounts reported for revenues and expenditures during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Management do not consider that there is a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.

| Going concern

| The Directors have considered the current economic and financial situation against the Company's activities, income and expenditure and have concluded that the current risks to the Company are not significant and that no additional provisions need to be made. It is the Directors' opinion that the Company will be a going concern for the foreseeable future.

| Turnover

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

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

| Contract costs

| Contract Costs are written off over the period of the contract.

| THE UNITED HEALTHCARE LAND COMPANY |

| LIMITED (REGISTERED NUMBER: 05283297) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Debtors

| Short term debtors are measures at transaction price, less any impairment. Loans receivable are measured

| initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the

| effective interest method, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand and deposits held at call with banks. Bank overdrafts, when applicable are shown within borrowings in current liabilities.

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | CONTRACT COSTS

| Contract costs comprise the net balance of the aggregate of costs incurred to date in respect of the contract to provide services to the Altnagelvin Hospital Health and Social Services Trust and the aggregate amounts charged to the Profit and Loss Account to write off the aggregate contract costs over the period of the contract.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 280,778 |  | 322,565 |  |

| Other debtors | 6,832 |  | 7,165 |  |

287,610 |  | 329,730 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 940,858 |  | 857,625 |  |

| Trade creditors | 234,420 |  | 172,680 |  |

| Taxation and social security | 60,333 |  | 67,446 |  |

| Other creditors | 661,264 |  | 616,272 |  |

1,896,875 |  | 1,714,023 |  |

| THE UNITED HEALTHCARE LAND COMPANY |

| LIMITED (REGISTERED NUMBER: 05283297) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

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

2025 | 2024 |

£ | £ |

| Bank loans | 6,659,471 |  | 7,600,330 |  |

| Other creditors | 1,135,348 |  | 1,156,274 |  |

7,794,819 |  | 8,756,604 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr | 1,910,984 |  | 3,277,918 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 7,600,329 |  | 8,457,955 |  |

| The bank loan is secured by way of a debenture over all the company's activities.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1,000 | Ordinary | £1 | 1,000 |  | 1,000 |  |

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the auditors was unqualified.

| Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)

| for and on behalf of Berringers LLP

| THE UNITED HEALTHCARE LAND COMPANY |

| LIMITED (REGISTERED NUMBER: 05283297) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

11. | RELATED PARTY DISCLOSURES

| Included in other creditors are amounts of £1,3150,131 (2024-£1,312,330) owing to Ash Corporate Finance (Altnagelvin) Ltd, £24,126 (2024-£20,738) to The Land Group Investments Ltd, both of which are connected companies.

| During the year the company paid a management charge of £58,620 (2024-£213,053) to The Land Group Investments Ltd, a connected company.

| Management charges of £60,000 (2024-£39,000) were paid to United Healthcare Ltd, a company controlled by Mr M A O'Brien.

| Management charges of £60,000 (2024 - £nil) were paid to each of Verricello Management Company LLP (of which D J Winch is a member), Drift Farm Services LLP (of which N C S Robson is a member), Mardrew LLP (of which A G Doyle is a member) and Neilson Partners LLP (of which L S Neilson is a member).

| Included in finance costs is sub-debt interest paid to Ash Corporate Finance (Altnagelvin) Limited of £198,281 (2024-£198,281), a connected Company.