Arterne Care Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 9

Arterne Care Limited

(Registration number: 12561578)
Statement of Financial Position as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	172,815	201,617
Tangible assets	5	503,412	507,455
		676,227	709,072
Current assets
Debtors	6	3,099	47,136
Cash at bank and in hand		5,736	8,217
		8,835	55,353
Creditors: Amounts falling due within one year	7	(223,389)	(286,810)
Net current liabilities		(214,554)	(231,457)
Total assets less current liabilities		461,673	477,615
Creditors: Amounts falling due after more than one year	7	(460,260)	(480,000)
Provisions for liabilities		(5,014)	(4,544)
Net liabilities		(3,601)	(6,929)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(3,701)	(7,029)
Shareholders' deficit		(3,601)	(6,929)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:
 

C Willcocks Director

Arterne Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Plym House,
3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of the provision of care services.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Arterne Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Arterne Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Property improvements	5% straight line
Fixtures, fittings and equipment	20% straight line
Motor vehicles	25% straight line
Freehold buildings	2% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Arterne Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 12).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 February 2024	288,024	288,024
At 31 January 2025	288,024	288,024
Amortisation
At 1 February 2024	86,407	86,407
Amortisation charge	28,802	28,802
At 31 January 2025	115,209	115,209
Carrying amount
At 31 January 2025	172,815	172,815
At 31 January 2024	201,617	201,617

Arterne Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

5	Tangible assets

	Land and buildings £	Fixtures,fittings and equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	496,204	22,723	5,710	524,637
Additions	-	10,246	-	10,246
At 31 January 2025	496,204	32,969	5,710	534,883
Depreciation
At 1 February 2024	6,924	7,954	2,304	17,182
Charge for the year	6,924	5,937	1,428	14,289
At 31 January 2025	13,848	13,891	3,732	31,471
Carrying amount
At 31 January 2025	482,356	19,078	1,978	503,412
At 31 January 2024	489,280	14,769	3,406	507,455

Included within freehold land and buildings is £150,000 (2024 ; £150,000) is respect of land which is not depreciated.

6

Debtors

	2025 £	2024 £
Trade debtors	1,787	39,434
Prepayments	1,312	7,702
	3,099	47,136

Arterne Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	9	20,439	20,000
Trade creditors		139,091	203,967
Taxation and social security		18,279	9,891
Accruals and deferred income		6,498	4,920
Other creditors		39,082	48,032
		223,389	286,810

 

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £20,000 (2024 - £20,000).

The loan is secured by a fixed and floating charge over the company's assets and the directors personal property.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	460,260	480,000