REGISTERED NUMBER: 05283297 (England and Wales)

THE UNITED HEALTHCARE LAND COMPANY

LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

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

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

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.

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

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

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.