ACCOUNTS - Final Accounts preparation

Registered number: 08681391

HIGH QUALITY CARE AND COMPANIONSHIP LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

HIGH QUALITY CARE AND COMPANIONSHIP LTD

REGISTERED NUMBER: 08681391

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	5		-		1,908
Current assets
Debtors: amounts falling due within one year	6	82,173		38,375
Cash at bank and in hand		185,492		167,186
		267,665		205,561
Creditors: amounts falling due within one year	7	(241,638)		(92,073)
Net current assets			26,027		113,488

Net assets			26,027		115,396

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		25,927	115,296
		26,027	115,396

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 September 2025.

J Samji

Director

The notes on pages 3 to 7 form part of these financial statements.

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HIGH QUALITY CARE AND COMPANIONSHIP LTD

REGISTERED NUMBER: 08681391

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 SEPTEMBER 2024

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HIGH QUALITY CARE AND COMPANIONSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.	General information

High Quality Care and Companionship Ltd ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registration number is 08681391 and its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Taxation

Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

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HIGH QUALITY CARE AND COMPANIONSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25% Straight line
				Office equipment	-	25% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in 25% Straight line.

2.8

Debtors

Short-term debtors are measured 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.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

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.

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HIGH QUALITY CARE AND COMPANIONSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 38 (2023 - 34).

4.	Intangible assets

		Franchise fees
		£
	Cost
	At 1 October 2023	37,477
	At 30 September 2024	37,477
	Amortisation
	At 1 October 2023	37,477
	At 30 September 2024	37,477
	Net book value
	At 30 September 2024	-
	At 30 September 2023	-

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HIGH QUALITY CARE AND COMPANIONSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Total
	£	£	£

At 1 October 2023	1,971	662	2,633
Disposals	(1,971)	(662)	(2,633)
At 30 September 2024	-	-	-

At 1 October 2023	394	331	725
Charge for the year on owned assets	370	124	494
Disposals	(764)	(455)	(1,219)
At 30 September 2024	-	-	-
Net book value
At 30 September 2024	-	-	-
At 30 September 2023	1,577	331	1,908

Debtors

					2024	2023
					£	£


Trade debtors	30,956	25,875
Other debtors	7,500	7,500
Prepayments and accrued income	43,717	5,000
	82,173	38,375

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HIGH QUALITY CARE AND COMPANIONSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	11,099	7,753
Corporation tax	22,936	67,045
Other creditors	204,603	14,275
Accruals and deferred income	3,000	3,000
	241,638	92,073

8.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

92 (2023 - 92) Ordinary shares of £1 each	92	92
4 (2023 - 4) Ordinary A shares of £1 each	4	4
4 (2023 - 4) Ordinary B shares of £1 each	4	4

	100	100

9.	Transactions with directors
	During the period, the following transactions occurred with the director:
		2024	2023
		£	£

Balance brought forward	-	270,579
Advances	-	-
Repayments	-	(270,579)
	-	-

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