REGISTERED NUMBER: SC393671 (Scotland)

Financial Statements

for the Year Ended

31 December 2024

for

HEATHFIELD CARE AND RESIDENTIAL HOMES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A J Jamieson

Mr P G Mcniven

Mr M Singh

REGISTERED OFFICE:

Barncluith Business Centre

Townhead Street

Hamilton

ML3 7DP

REGISTERED NUMBER:

SC393671 (Scotland)

AUDITORS:

WDM Associates (Statutory Auditors)

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

4

9,776,709

9,565,853

CURRENT ASSETS

Debtors

5

455,187

1,342,228

Cash at bank and in hand

179,691

32,826

634,878

1,375,054

CREDITORS

Amounts falling due within one year

6

(7,710,522

)

(5,533,450

)

NET CURRENT LIABILITIES

(7,075,644

)

(4,158,396

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,701,065

5,407,457

CREDITORS

Amounts falling due after more than one year

7

(34,688

)

-

PROVISIONS FOR LIABILITIES

(425,354

)

(349,034

)

NET ASSETS

2,241,023

5,058,423

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

2,240,923

5,058,323

2,241,023

5,058,423

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 24 September 2025 and were signed on its behalf by:

Mr M Singh - Director

Mr P G Mcniven - Director

1.	STATUTORY INFORMATION

Heathfield Care And Residential Homes Limited is a private company, limited by shares , registered in Scotland. 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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered a period of 12 months from the date of approval of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure 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.

- the requirements of Section 7 Statement of Cash Flows.

Critical accounting judgements and key sources of estimation uncertainty

The most significant estimation within the company's financial statements relates to depreciation. The directors review depreciation rates on a regular bias to ensure that the policy rate remains appropriate.

The directors also require to exercise judgement in assessing reconcilability of trade debtors and make provision where credit control procedures indicate that trade debtor balances may not be fully recoverable.

Turnover

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

Revenue is recognised in the period in which it is earned. The revenue earned is from the provision of care home services only.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Basic financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and loans from related undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially as transaction price and subsequently measured 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 104 (2023 - 111 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

£

£

£

COST

At 1 January 2024

9,454,829

-

770,292

Additions

-

302,217

79,105

At 31 December 2024

9,454,829

302,217

849,397

DEPRECIATION

At 1 January 2024

-

-

671,449

Charge for year

189,097

31,911

21,474

At 31 December 2024

189,097

31,911

692,923

NET BOOK VALUE

At 31 December 2024

9,265,732

270,306

156,474

At 31 December 2023

9,454,829

-

98,843

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

15,401

118,392

10,358,914

Additions

72,600

32,412

486,334

At 31 December 2024

88,001

150,804

10,845,248

DEPRECIATION

At 1 January 2024

15,401

106,211

793,061

Charge for year

16,837

16,159

275,478

At 31 December 2024

32,238

122,370

1,068,539

NET BOOK VALUE

At 31 December 2024

55,763

28,434

9,776,709

At 31 December 2023

-

12,181

9,565,853

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

157,323

195,874

Amounts owed by group undertakings

209,513

1,115,201

Other debtors

-

78

Prepayments and accrued income

88,351

31,075

455,187

1,342,228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

16,110

-

Trade creditors

127,051

90,524

Amounts owed to group undertakings

7,275,169

5,232,936

Social security and other taxes

25,580

27,846

Other creditors

13,985

402

Accruals and deferred income

246,399

181,569

Accrued expenses

6,228

173

7,710,522

5,533,450

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

34,688

-

8.

RESERVES

Retained

earnings

£

At 1 January 2024

5,058,323

Deficit for the year

(467,400

)

Dividends

(2,350,000

)

At 31 December 2024

2,240,923

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

The Report of the Auditors was unqualified.

Graham Bonomy (Senior Statutory Auditor)

for and on behalf of WDM Associates (Statutory Auditors)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ayrshire Care Homes Limited, whose ultimate controlling party is Enhance Healthcare Holdings Limited which purchased the entire 100% shareholding in Ayrshire Care Homes Limited on 28th December 2023.