Cedar Health & Wellbeing Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13299596

Cedar Health & Wellbeing Ltd

Filleted Unaudited Abridged Financial Statements

31 March 2025

Cedar Health & Wellbeing Ltd

Abridged Financial Statements

Year Ended 31 March 2025

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Cedar Health & Wellbeing Ltd

Abridged Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	6		109,252	28,599

Current Assets

Debtors	387,587	315,525
Cash at bank and in hand	1,269,578	614,338
	------------	---------
	1,657,165	929,863

Creditors: amounts falling due within one year	672,624		369,743
	------------		---------
Net Current Assets		984,541	560,120
		------------	---------
Total Assets Less Current Liabilities		1,093,793	588,719

Provisions	27,312	7,149
	------------	---------
Net Assets	1,066,481	581,570
	------------	---------

Capital and Reserves

Called up share capital	7	100	100
Profit and loss account		1,066,381	581,470
		------------	---------
Shareholders Funds		1,066,481	581,570
		------------	---------

These abridged 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 abridged statement of income and retained earnings has not been delivered.

For the year ending 31 March 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 abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

Cedar Health & Wellbeing Ltd

Abridged Statement of Financial Position (continued)

31 March 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 19 November 2025 , and are signed on behalf of the board by:

Mr A J Hill

Director

Company registration number: 13299596

Cedar Health & Wellbeing Ltd

Notes to the Abridged Financial Statements

Year Ended 31 March 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 The Cabin, Crow Hole, Barlow, Dronfield, S18 7TJ The company's place of business is Ordnance House, 6 East Terrace Business Park, Euxton Lane, Euxton, Chorley, PR7 6TB.

2. Statement of compliance

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

Revenue recognition

The turnover shown in the profit and loss account represents residents' fees earned during the year.

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.

Operating leases

Determining whether leases entered into by the group as a lessee are operating or finance leases requires judgement. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee based on the evaluation of the terms and conditions of the arrangements on a lease by lease basis. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Office equipment	-	15% reducing balance
Equipment	-	25% straight line

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. 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.

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 abridged 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

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 208 (2024: 127 ).

5. Security

There is an intercompany guarantee with Cedar Health & Wellbeing Limited and Cedar Propco Holdings Limited.

A bank loan in the parent company Cedar Propco Holdings Limited is secured via a debenture and legal charge on the assets of Cedar Health & Wellbeing Limited. At the balance sheet date, the bank loan balance was £7,472,700 (2024: £1,800,000.)

6. Tangible assets

	£
Cost
At 1 April 2024	34,749
Additions	95,535
Disposals	( 1,860)
	---------
At 31 March 2025	128,424
	---------
Depreciation
At 1 April 2024	6,150
Charge for the year	13,204
Disposals	( 182)
	---------
At 31 March 2025	19,172
	---------
Carrying amount
At 31 March 2025	109,252
	---------
At 31 March 2024	28,599
	---------

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A share shares of £ 1 each	–	–	85	85
Ordinary B share shares of £ 1 each	–	–	15	15
Ordinary shares of £ 1 each	100	100	–	–
	----	----	----	----
	100	100	100	100
	----	----	----	----

On 29 October 2024 the £1 Ordinary A & B Shares were reclassified as £1 Ordinary Shares.

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	657,382	349,458
Later than 1 year and not later than 5 years	1,459,240	858,203
Later than 5 years	984	6,665
	------------	------------
	2,117,606	1,214,326
	------------	------------

9. Directors' advances, credits and guarantees

There are no director's advances, credits or guarantees that require disclosure.

10. Related party transactions

During the year, the company made short-term loans of £33,888 to Cedar Health and Wellbeing (Lancashire) LLP, a company associated due to being under common control. At 31 March 2025, the amount due from Cedar Health and Wellbeing (Lancashire) LLP was £33,888 (2024: £nil).

11. Controlling party

The ultimate parent company is Cedar PropCo Holdings Ltd, a company incorporated in England and Wales. The registered office address is The Cabin, Crow Hole, Barlow, Dronfield, S18 7TJ.