Company No: 07255926 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	1,912,626		1,943,975
		1,912,626		1,943,975
Current assets
Stocks	5	6,759		8,028
Debtors	6	2,252,740		2,043,061
Cash at bank and in hand		139,657		10,641
		2,399,156		2,061,730
Creditors: amounts falling due within one year	7	( 734,383)		( 1,116,029)
Net current assets		1,664,773		945,701
Total assets less current liabilities		3,577,399		2,889,676
Creditors: amounts falling due after more than one year	8	( 2,488,872)		( 1,760,766)
Provision for liabilities		( 194,371)		( 202,454)
Net assets		894,156		926,456
Capital and reserves
Called-up share capital	9	100		100
Revaluation reserve		625,419		625,419
Profit and loss account		268,637		300,937
Total shareholder's funds		894,156		926,456

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Qumran Care Limited (registered number: 07255926) were approved and authorised for issue by the Director on 31 October 2025. They were signed on its behalf by:

Naeem Ahmad Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Qumran Care Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 12 Clifton Terrace, Portscatho, Truro, TR2 5HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. As part of the going concern review the Director has considered the current financial position including the large overdrawn Directors loan balance and liabilities to HMRC. Additionally cash flow projections for the next 12 months have been considered and the availability of additional funding or financial support from external sources, or from the Director. Management has plans to address the overdrawn director loan and has made progress in settling outstanding HMRC liabilities.

Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of care services provided to residents in the ordinary course of the company’s activities.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Turnover is measured at the fair value of the consideration received or receivable including fees charged to residents for care services and any additional charges for extra services provided.

Turnover is recognised on an accruals basis meaning it is recorded when the services are provided, and not when the cash is received. This includes both monthly care fees and one time fees for specific services.

Any discounts and rebates are deducted from the turnover and these are recognised when it is probable that the discount will be granted and it can be reliably measured.

Employee benefits

Defined contribution schemes
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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Vehicles	20 % reducing balance
Fixtures and fittings	15 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at cost

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	48		48

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 November 2023	130,003		130,003
At 31 October 2024	130,003		130,003
Accumulated amortisation
At 01 November 2023	130,003		130,003
At 31 October 2024	130,003		130,003
Net book value
At 31 October 2024	0		0
At 31 October 2023	0		0

4. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 November 2023	1,732,169		96,050		390,260		73,169		2,291,648
Additions	0		3,000		0		4,698		7,698
At 31 October 2024	1,732,169		99,050		390,260		77,867		2,299,346
Accumulated depreciation
At 01 November 2023	0		32,543		248,966		66,164		347,673
Charge for the financial year	0		13,251		21,194		4,602		39,047
At 31 October 2024	0		45,794		270,160		70,766		386,720
Net book value
At 31 October 2024	1,732,169		53,256		120,100		7,101		1,912,626
At 31 October 2023	1,732,169		63,507		141,294		7,005		1,943,975

5. Stocks

	2024		2023
	£		£
Stocks	6,759		8,028

6. Debtors

	2024		2023
	£		£
Trade debtors	7,660		35,486
Other debtors	2,245,080		2,007,575
	2,252,740		2,043,061

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	104,186		74,953
Trade creditors	28,784		31,587
Taxation and social security	313,670		785,723
Obligations under finance leases and hire purchase contracts	18,840		11,437
Other creditors	268,903		212,329
	734,383		1,116,029

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	1,680,542		1,660,949
Obligations under finance leases and hire purchase contracts	17,124		33,605
Other creditors	791,206		66,212
	2,488,872		1,760,766

Bank Loans includes a CBILS loan with 20% personal guarantee by Mr N and Mrs S Ahmad, a fixed and floating charge over all company assets and undertakings and a first ranking legal mortgage on 12 Clifton Terrace, Cornwall, TR2 5HR.
Obligations under finance leases and hire purchase contracts are secured over the assets to which they relate.
Other creditors includes a new loan taken out in the year on which the Director has provided a personal guarantee.

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

10. Financial commitments

Commitments

Capital commitments are as follows:

	2024		2023
	£		£
Contracted for but not provided for:
Finance leases entered into	73,663		115,353

11. Related party transactions

Transactions with the entity's director

	2024		2023
	£		£
Opening balance 1 November	1,492,601		1,254,353
Advances to Director	275,089		285,780
Repayments by Director	(115,932)		(47,532)
Closing balance at 31 October	1,651,758		1,492,601

The overdrawn loan is interest free and repayable on demand.