Glais House Care Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07697837 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Glais House Care Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

5

DIRECTORS:

K Thilaganathan

Ms D S Pushparajah

Ms A Bacova

REGISTERED OFFICE:

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

07697837 (England and Wales)

ACCOUNTANTS:

Chaves LLP

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

2,634,517

2,579,934

2,634,517

2,579,934

CURRENT ASSETS

Debtors

57,848

82,684

Cash at bank and in hand

1,153,151

1,508,212

1,210,999

1,590,896

CREDITORS

Amounts falling due within one year

499,564

662,948

NET CURRENT ASSETS

711,435

927,948

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,345,952

3,507,882

CREDITORS

Amounts falling due after more than one
year

6

-

(625,365

)

PROVISIONS FOR LIABILITIES

8

(60,428

)

(44,082

)

NET ASSETS

3,285,524

2,838,435

CAPITAL AND RESERVES

Called up share capital

9

400

Retained earnings

3,285,124

2,838,035

SHAREHOLDERS' FUNDS

3,285,524

2,838,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2025 and were signed on its behalf by:

K Thilaganathan - Director

1.	STATUTORY INFORMATION

Glais House Care Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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.

Related party exemption

The company has taken advantage of 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, 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.

Freehold property

-

No depreciation

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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.

Government grants

Government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related for which the grant is intended to compensate. Grants relating to assets are recognised in income when the grant proceeds are received or receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2024 - 47 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

164,996

AMORTISATION

At 1 April 2024

and 31 March 2025

164,996

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

3,525,662

Additions

175,342

At 31 March 2025

3,701,004

DEPRECIATION

At 1 April 2024

945,728

Charge for year

120,759

At 31 March 2025

1,066,487

NET BOOK VALUE

At 31 March 2025

2,634,517

At 31 March 2024

2,579,934

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.3.25

31.3.24

£

Repayable by instalments

Bank loans more than 5 years by instalments

-

145,365

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

-

745,365

There is a debenture in place from HSBC Bank plc by way of fixed and floating charge over the undertaking, all property, assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

There is a legal mortgage on the company's premises at Glais House Nursing Home, 615 Birchgrove Road, Swansea.

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

60,428

44,082

Deferred

tax

£

Balance at 1 April 2024

44,082

Provided during year

16,346

Balance at 31 March 2025

60,428

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

A

£1

100

B

£1

100

C

£1

100

400

10.	ULTIMATE CONTROLLING PARTY

The controlling party is The Grange & Walton Cottage Ltd.

The ultimate controlling party is K Thilaganathan.