ACCOUNTS - Final Accounts

Registered number: 10094043

AMICALA LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

AMICALA LIMITED

REGISTERED NUMBER: 10094043

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	5		-		1
Investments	6		-		16
			-		17
Current assets
Debtors: amounts falling due within one year	7	23,280		20,831
Cash at bank and in hand	8	-		670
		23,280		21,501
Creditors: amounts falling due within one year	9	(39,269)		(27,584)
Net current liabilities			(15,989)		(6,083)
Total assets less current liabilities			(15,989)		(6,066)

Net liabilities			(15,989)		(6,066)

Capital and reserves
Called up share capital	58	58
Share premium account	2,922,433	2,922,433
Profit and loss account	(2,938,480)	(2,928,557)
	(15,989)	(6,066)

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 29 September 2025.

J P Fawcett

Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

AMICALA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Amicala Limited is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is 18 Culford Gardens, London, SW3 2ST.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Going concern

The Company meets its working capital requirements through the utilisation of its own resources as well as the financial support its receives from its ultimate parent company.
The Company’s intermediate parent undertaking, UK Senior Livings Holdings Limited, has confirmed that it will continue to provide such financial support as the Company requires to continue in operational existence and meet its obligations and liabilities as they fall due for a period of at least 12 months from the date of approval of the Company’s financial statements for the year ended 31 December 2024.
Based on the Company's forecasts and projections for a period of 12 months from the date of approval of these financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future from funding being received hence the financial statements have been prepared on a going concern basis. Therefore, these financial statements do not include adjustments that would be required should the going concern basis of preparation no longer be appropriate.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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AMICALA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

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.
Intragroup management fees
Revenue is recognised in respect of the provision of management services and expenses incurred in connection with the operation of group companies. Management fees receivable are recognised evenly as the services are rendered to the corresponding group entity.
External management fees
Revenue is recognised in respect of the provision of management services and expenses incurred in connection with the operation of companies outside of the group. Management fees receivable are recognised evenly as the services are rendered to the corresponding entity.

2.5

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.

The estimated useful lives range as follows:

Fixtures and fittings

3 to 5 years

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 profit or loss.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.7

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.

Page 3

AMICALA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

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.

2.9

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.

2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic 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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially

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AMICALA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.10

Financial instruments (continued)

recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

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Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

5.	Tangible fixed assets

		Fixtures and fittings
		£

	At 1 January 2024	10,215
	Disposals	(10,215)
	At 31 December 2024	-

	At 1 January 2024	10,214
	Disposals	(10,214)
	At 31 December 2024	-
	Net book value
	At 31 December 2024	-
	At 31 December 2023	1

Page 5

AMICALA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Fixed asset investments

		Investments in subsidiary companies
		£

	At 1 January 2024	16
	Disposals	(16)
	At 31 December 2024	-

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	17,555	17,270
Other debtors	5,725	3,561
	23,280	20,831

8.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	-	670
	-	670

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

Trade creditors	12,079	20,940
Amounts owed to group undertakings	20,940	-
Accruals and deferred income	6,250	6,644
	39,269	27,584

Page 6

AMICALA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.	Related party transactions
	The Company has taken advantage of the exemptions provided by "Financial Reporting Standard 102" not to disclose transactions with the entities wholly owned within the group.

11.	Controlling party

The immediate parent company of the Company is UK Senior Livings Holdings 2 Limited, a company incorporated in Jersey. The address of its registered office is 44 Esplanade, St Helier, Jersey, JE4 9WG.
The largest and smallest group in which the results of the Company is consolidated is headed by UK Senior Livings Holdings Limited, a company incorporated in Jersey. The registered office is located at 44 Esplanade, St Helier, Jersey, JE4 9WG.
The Directors consider the ultimate controlling party to be Oaktree Real Estate Opportunities Fund VIII Holdings 2 (Cayman), L.P which is registered in the Cayman Islands.

12.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 September 2025 by Alexander Morris (Senior Statutory Auditor) on behalf of Nyman Libson Paul LLP.

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