North East Care Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05093360 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

North East Care Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T L Chopra

R Singh Dhugga

S Singh

SECRETARY:

T L Chopra

REGISTERED OFFICE:

Flannagans Unit 7 Bankside

The Watermark

Gateshead

NE11 9SY

REGISTERED NUMBER:

05093360 (England and Wales)

ACCOUNTANTS:

Flannagans - Hartlepool Office

Chartered Certified Accountants

7 Bankside

The Watermark

Gateshead

Tyne and Wear

NE11 9SY

FIXED ASSETS

Intangible assets

4

750,000

800,000

Tangible assets

5

4,273,682

4,390,355

5,023,682

5,190,355

CURRENT ASSETS

Stocks

6,000

Debtors

6

734,713

504,636

Cash at bank and in hand

168,278

439,877

908,991

950,513

CREDITORS

Amounts falling due within one year

7

917,860

993,329

NET CURRENT LIABILITIES

(8,869

)

(42,816

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,014,813

5,147,539

CREDITORS

Amounts falling due after more than one year

8

4,199,818

4,396,518

NET ASSETS

814,995

751,021

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

9

1,000,000

Retained earnings

(185,105

)

(249,079

)

SHAREHOLDERS' FUNDS

814,995

751,021

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 31 October 2025 and were signed on its behalf by:

T L Chopra - Director

1.	STATUTORY INFORMATION

North East Care Homes 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.

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

This is made up of sales made during the year, and represents the amounts due in respect of providing care facilities to the residents.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 190 (2024 - 190 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

1,050,000

AMORTISATION

At 1 August 2024

250,000

Charge for year

50,000

At 31 July 2025

300,000

NET BOOK VALUE

At 31 July 2025

750,000

At 31 July 2024

800,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 August 2024

5,477,880

1,711,999

7,189,879

Additions

-

2,936

At 31 July 2025

5,477,880

1,714,935

7,192,815

DEPRECIATION

At 1 August 2024

1,114,284

1,685,240

2,799,524

Charge for year

109,356

10,253

119,609

At 31 July 2025

1,223,640

1,695,493

2,919,133

NET BOOK VALUE

At 31 July 2025

4,254,240

19,442

4,273,682

At 31 July 2024

4,363,596

26,759

4,390,355

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

714,073

466,065

Other debtors

20,640

38,571

734,713

504,636

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

300,182

Trade creditors

110,670

79,965

Amounts owed to group undertakings

75,267

Taxation and social security

214,363

263,724

Other creditors

217,378

274,191

917,860

993,329

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The bank loans are secured by fixed and floating charges over the properties and assets of the company.

9.

RESERVES

Revaluation

reserve

£

At 1 August 2024

and 31 July 2025

1,000,000

10.	CONTROLLING INTEREST

The company is under the common control of Mr. Dhugga and Mr. Chopra.