Fine Homecare Ltd.

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 11008359

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,167		3,167
Tangible Assets	5		7,422		12,478

			8,589		15,645
CURRENT ASSETS
Debtors	6	192,678		177,988
Cash at bank and in hand		5,135		16,783

		197,813		194,771
Creditors: Amounts Falling Due Within One Year	7	(129,146 )		(128,477 )

NET CURRENT ASSETS (LIABILITIES)			68,667		66,294

TOTAL ASSETS LESS CURRENT LIABILITIES			77,256		81,939

Creditors: Amounts Falling Due After More Than One Year	8		(5,000 )		(15,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,428 )		(2,850 )

NET ASSETS			70,828		64,089

CAPITAL AND RESERVES
Called up share capital	9		1		1
Income Statement			70,827		64,088

SHAREHOLDERS' FUNDS			70,828		64,089

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Fine Homecare Ltd.

Statement of Financial Position (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

S J Daly Director	C J Daly Director
25 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Fine Homecare Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11008359 . The registered office is C/O BWBCA Limited Office 44, A30 Business Centre, Okehampton, Devon, EX20 1BG.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, and is recognised on a work done basis.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

The franchise fees paid to Home Instead Senior Care (UK) Limited, are amortised over the period of the franchise agreement.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Franchise fee - 33% on straight line basis

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on cost
Computer Equipment	33% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.6. Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

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Fine Homecare Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees during the year was: 32 (2023: 33)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	53,400

As at 31 December 2024	53,400

Amortisation
As at 1 January 2024	50,233
Provided during the period	2,000

As at 31 December 2024	52,233

Net Book Value
As at 31 December 2024	1,167

As at 1 January 2024	3,167

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	6,693	12,412	19,105
Additions	-	427	427
Disposals	(586 )	(564 )	(1,150 )

As at 31 December 2024	6,107	12,275	18,382

Depreciation
As at 1 January 2024	1,827	4,800	6,627
Provided during the period	1,281	4,113	5,394
Disposals	(564 )	(497 )	(1,061 )

As at 31 December 2024	2,544	8,416	10,960

Net Book Value
As at 31 December 2024	3,563	3,859	7,422

As at 1 January 2024	4,866	7,612	12,478

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Fine Homecare Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	91,545	76,513
Amounts owed by group undertakings	69,924	69,924
Other debtors	31,209	31,551

	192,678	177,988

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	29,407	26,489
Bank loans and overdrafts	10,001	10,001
Amounts owed to group undertakings	14,539	7,160
Other creditors	53,591	58,475
Taxation and social security	21,608	26,352

	129,146	128,477

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	5,000	15,000

9. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	49,500	49,500
Later than one year and not later than five years	90,750	140,250

	140,250	189,750

11. Ultimate Controlling Party

The company's ultimate controlling party is M&T Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.

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