REGISTERED NUMBER: 08621775 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Sharda Care Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D Khagram

J M Manuelpillai

REGISTERED OFFICE:

Victoria Care Centre

Acton Lane

Park Royal

London

NW10 7BR

REGISTERED NUMBER:

08621775 (England and Wales)

SENIOR STATUTORY AUDITOR:

Denver Dias

AUDITORS:

Williams

Chartered Accountants

Statutory Auditors

Jade House

67 Park Royal Road

London

NW10 7JJ

FIXED ASSETS

Tangible assets

4

260,013

241,021

CURRENT ASSETS

Debtors

5

3,408,995

1,397,746

Cash at bank and in hand

1,136,342

1,859,062

4,545,337

3,256,808

CREDITORS

Amounts falling due within one year

6

904,086

873,094

NET CURRENT ASSETS

3,641,251

2,383,714

TOTAL ASSETS LESS CURRENT LIABILITIES

3,901,264

2,624,735

PROVISIONS FOR LIABILITIES

7

57,447

49,017

NET ASSETS

3,843,817

2,575,718

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

3,843,717

2,575,618

SHAREHOLDERS' FUNDS

3,843,817

2,575,718

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 September 2025 and were signed on its behalf by:

J M Manuelpillai - Director

1.	STATUTORY INFORMATION

Sharda Care 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.

The financial statements are prepared in UK sterling, which is the functional currency of the entity.

Monetary amounts in these financial statements are rounded to the nearest UK pound.

Turnover

Turnover represents income received from residents of the care home. Income from residents of the

care home is recognised, as earned, through the provision of contracted services

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated

depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of an asset, less its estimated residual value, over

its estimated useful economic life as follows:

Asset class

Depreciation method and rate

- Fixtures and Fittings

- 20% straight line

- Office Equipment

- 20% straight line

Financial instruments

Classification

The company holds the following financial instruments:

- Short-term trade and other debtors and creditors;

- Loans; and

- Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS 102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The parent company established a new care home in 2014 which is operated by Sharda Care Limited.

Since this time the company has been building occupancy rates which have continued to improve during the year resulting in a reasonable profit before tax. The directors continue to forecast for growth and are budgeting further improvements to financial performance over the coming period. The total net assets at 31st December 2024 £3,843,817 were (2023 - £2,575,718).

The financial statements have been prepared by management on a going concern basis. The directors believe the company has sufficient liquid resources to meet liabilities as they fall due based on current forecasts and the holding company has support from its shareholders to support the company for the foreseeable future in the event further financial support is required.

For these reasons, the directors adopt a going concern basis in preparing the financial statements. The financial statements do not include any adjustments that would result from any change in the company’s circumstances such that the going concern basis would no longer be appropriate.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are

classified as operating leases. Payments made 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 177 (2023 - 167 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

486,265

Additions

98,115

Disposals

(32,866

)

At 31 December 2024

551,514

DEPRECIATION

At 1 January 2024

245,244

Charge for year

79,123

Eliminated on disposal

(32,866

)

At 31 December 2024

291,501

NET BOOK VALUE

At 31 December 2024

260,013

At 31 December 2023

241,021

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,068,481

701,157

Amounts owed by group undertakings

2,183,000

408,000

Other debtors

157,514

288,589

3,408,995

1,397,746

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

167,032

244,452

Taxation and social security

558,343

433,625

Other creditors

178,711

195,017

904,086

873,094

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred taxation

57,447

49,017

Deferred

tax

£

Balance at 1 January 2024

49,017

Provided during year

8,430

Balance at 31 December 2024

57,447

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary shares

£1

100

100

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

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Denver Dias, who signed for and on behalf of Williams Chartered Accountants on 24th October 2021.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Related party transactions

Summary of transactions with other related parties

Other related parties are related to the company by virtue of joint directorships

Expenditure with and payables to related parties

Other related parties

2024

£

Rendering of services

144,000

Other related parties

2023

£

Rendering of services

144,000