REGISTERED NUMBER: SC269453 (Scotland)

Financial Statements

for the Year Ended

31 December 2024

for

TOWNEND CARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P G Mcniven

M Singh

A J Jamieson

REGISTERED OFFICE:

Barncluith Business Centre

Townhead Street

Hamilton

ML3 7DP

REGISTERED NUMBER:

SC269453 (Scotland)

AUDITORS:

WDM Associates (Statutory Auditors)

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

639,947

383,935

639,947

383,935

CURRENT ASSETS

Debtors

6

1,445,709

1,402,610

Cash at bank and in hand

187,790

384,857

1,633,499

1,787,467

CREDITORS

Amounts falling due within one year

7

(1,866,462

)

(1,723,088

)

NET CURRENT (LIABILITIES)/ASSETS

(232,963

)

64,379

TOTAL ASSETS LESS CURRENT LIABILITIES

406,984

448,314

PROVISIONS FOR LIABILITIES

(159,987

)

(95,976

)

NET ASSETS

246,997

352,338

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

246,995

352,336

246,997

352,338

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 25 September 2025 and were signed on its behalf by:

M Singh - Director

1.	STATUTORY INFORMATION

Townend Care 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.

Turnover

Turnover represents revenue recognised by the company in respect of care services supplied during the period. Revenue is recognised when the delivery of the service is completed. Fees invoiced in advance are included in deferred income until the service is completed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

200,000

AMORTISATION

At 1 January 2024

and 31 December 2024

200,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

147,664

386,165

20,324

-

554,153

Additions

332,811

15,446

-

4,804

353,061

At 31 December 2024

480,475

401,611

20,324

4,804

907,214

DEPRECIATION

At 1 January 2024

63,253

94,605

12,360

-

170,218

Charge for year

47,311

44,328

4,112

1,298

97,049

At 31 December 2024

110,564

138,933

16,472

1,298

267,267

NET BOOK VALUE

At 31 December 2024

369,911

262,678

3,852

3,506

639,947

At 31 December 2023

84,411

291,560

7,964

-

383,935

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

10,270

64,436

Amounts owed by group undertakings

152,540

77,160

Amounts owed by associates

1,276,610

1,241,060

Prepayments and accrued income

6,289

19,954

1,445,709

1,402,610

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

36,864

29,430

Amounts owed to group undertakings

1,637,689

1,469,386

Social security and other taxes

12,980

7,806

Other creditors

114,786

150,073

Accrued expenses

64,143

66,393

1,866,462

1,723,088

8.	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)

9.	RELATED PARTY DISCLOSURES

As at 31 December 2024 £1,246,060 (2023: £1,241,060) was owed by Enhance Properties (Coatbridge) Limited, a company under common control.

The loan is interest free with no fixed repayment date.

Rent of £86,354 (2023-£50,218) was paid to Enhance Properties Symington Limited, a company under common control.

On 28 December 2023 a floating charge covering all of the property of the company was granted to TC Loans Limited in respect of sums owed by the parent company, Enhance Healthcare Holdings Ltd