REGISTERED NUMBER: 11974531 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

GLOBAL CARE (PROSPECT HOUSE) LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

39,237

43,139

CURRENT ASSETS

Debtors

5

932,660

779,529

Cash at bank and in hand

167,002

125,652

1,099,662

905,181

CREDITORS

Amounts falling due within one year

6

88,725

99,746

NET CURRENT ASSETS

1,010,937

805,435

TOTAL ASSETS LESS CURRENT LIABILITIES

1,050,174

848,574

CREDITORS

Amounts falling due after more than one year

7

(964,954

)

(697,614

)

PROVISIONS FOR LIABILITIES

(9,832

)

(10,785

)

NET ASSETS

75,388

140,175

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

75,288

140,075

SHAREHOLDERS' FUNDS

75,388

140,175

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 3 July 2025 and were signed on its behalf by:

Bilraj Harvey Dulay - Director

1.	STATUTORY INFORMATION

Global Care (Prospect House) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11974531

Registered office:

6-8 Abbey Road

Smethwick

Warley

West Midlands

B67 5RD

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 48 (2024 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

49,637

Additions

5,594

At 31 March 2025

55,231

DEPRECIATION

At 1 April 2024

6,498

Charge for year

9,496

At 31 March 2025

15,994

NET BOOK VALUE

At 31 March 2025

39,237

At 31 March 2024

43,139

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

100,094

72,780

Other debtors

832,566

706,749

932,660

779,529

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

599

-

Taxation and social security

43,056

33,559

Other creditors

45,070

66,187

88,725

99,746

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

888,614

620,114

Other creditors

76,340

77,500

964,954

697,614

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Bilraj Harvey Dulay

Balance outstanding at start of year

(77,500

)

(77,500

)

Amounts advanced

1,160

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(76,340

)

(77,500

)

9.	RELATED PARTY DISCLOSURES

Trading Profit & Loss (Expenditure)

Rent of £120,000 (£120,000 in 2024) is paid to the parent company Global Care (Holdings) Ltd

Dividends issued to the holding company during the year = £150,000 (£250,000 in 2024)

Current Assets

The amount of £703,471 (£582,947 in 2024) is due from BD Properties (Midlands) Ltd which is as related party transaction

The amount of £49,335 (£49,335 in 2024) is due from Global Foods (Birmingham) Ltd which is a related party transaction.

The amount of £77,174 (£73,165 in 2024) is due from Global Care (Queensgate) Ltd which is a related party transaction.

Current Liabilities

The amount of £888,614 (£620,114 in 2023) is due to Global Care (Holdings) Ltd which is the parent company.