Branksome Care Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05044507

Branksome Care Limited

Filleted Unaudited Financial Statements

28 February 2025

Branksome Care Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		980,356	998,816

Current assets

Debtors	7	1,197,081	1,190,567
Cash at bank and in hand		16,661	4,875
		------------	------------
		1,213,742	1,195,442

Creditors: amounts falling due within one year	8	326,302		429,892
		------------		------------
Net current assets			887,440	765,550
			------------	------------
Total assets less current liabilities			1,867,796	1,764,366

Creditors: amounts falling due after more than one year	9		901,803	980,925

Provisions

Taxation including deferred tax	1,993	3,496
	------------	------------
Net assets	964,000	779,945
	------------	------------

Capital and reserves

Called up share capital	102	102
Profit and loss account	963,898	779,843
	---------	---------
Shareholders funds	964,000	779,945
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Branksome Care Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

Mr J Vijayanathan
Director

Company registration number: 05044507

Branksome Care Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 60 Lakewood Road, Chandlers Ford, Eastleigh, Hants, SO53 5AA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	1% straight line
Fixtures, fittings and equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Computer and office equipment	-	25% reducing balance

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 33 (2024: 29 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 March 2024 and 28 February 2025	250,000
	---------
Amortisation
At 1 March 2024 and 28 February 2025	250,000
	---------
Carrying amount
At 28 February 2025	–
	---------
At 29 February 2024	–
	---------

6. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 March 2024 and 28 February 2025	1,094,815	193,676	18,864	34,539	1,341,894
	------------	---------	--------	--------	------------
Depreciation
At 1 March 2024	126,046	174,807	16,346	25,879	343,078
Charge for the year	10,948	4,717	630	2,165	18,460
	------------	---------	--------	--------	------------
At 28 February 2025	136,994	179,524	16,976	28,044	361,538
	------------	---------	--------	--------	------------
Carrying amount
At 28 February 2025	957,821	14,152	1,888	6,495	980,356
	------------	---------	--------	--------	------------
At 29 February 2024	968,769	18,869	2,518	8,660	998,816
	------------	---------	--------	--------	------------

7. Debtors

	2025	2024
	£	£
Trade debtors	87,281	126,936
Other debtors	1,109,800	1,063,631
	------------	------------
	1,197,081	1,190,567
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	96,320	94,552
Trade creditors	6,232	4,904
Corporation tax	88,434	76,671
Social security and other taxes	9,818	9,151
Other creditors	125,498	244,614
	---------	---------
	326,302	429,892
	---------	---------

The bank loans are also secured by a first legal mortgage over a freehold property owned by the Directors, and a personal guarantee provided by Mr J Vijayanathan .

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

	2025	2024
	£	£
Bank loans and overdrafts	901,803	980,925
	---------	---------

The bank loans are also secured by a first legal mortgage over a freehold property owned by the Directors, and a personal guarantee provided by Mr J Vijayanathan .

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr J Vijayanathan	( 68,174)	68,536	( 30,000)	( 29,638)
Mrs J Vijayanathan	( 99,464)	61,148	( 30,000)	( 68,316)
	---------	---------	--------	--------
	( 167,638)	129,684	( 60,000)	( 97,954)
	---------	---------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr J Vijayanathan	( 103,936)	59,762	( 24,000)	( 68,174)
Mrs J Vijayanathan	( 131,757)	56,293	( 24,000)	( 99,464)
	---------	---------	--------	---------
	( 235,693)	116,055	( 48,000)	( 167,638)
	---------	---------	--------	---------

11. Related party transactions

The company was under the control of Mr and Mrs J Vijayanathan throughout the current and previous year, being equal shareholders in the company. Mr J Vijayanathan is the managing director. Dividends paid during the year were £66,000,000 (2024:£54,000)During the year the company made an interest free loan of £1,102,500 to a company in which the Directors are majority shareholders and directors.