HORIZON RESIDENTIAL CARE LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05410310

HORIZON RESIDENTIAL CARE LIMITED

Filleted Unaudited Financial Statements

31 March 2025

HORIZON RESIDENTIAL CARE LIMITED

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	–	9,000
Tangible assets	6	81,712	97,346
		--------	---------
		81,712	106,346

Current assets

Debtors	7	311,335	280,994
Cash at bank and in hand		37,177	43,868
		---------	---------
		348,512	324,862

Creditors: amounts falling due within one year	8	54,217		57,375
		---------		---------
Net current assets			294,295	267,487
			---------	---------
Total assets less current liabilities			376,007	373,833

Provisions

Taxation including deferred tax	9,072	7,117
	---------	---------
Net assets	366,935	366,716
	---------	---------

HORIZON RESIDENTIAL CARE LIMITED

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	366,835	366,616
	---------	---------
Shareholders funds	366,935	366,716
	---------	---------

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 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 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 .

These financial statements were approved by the board of directors and authorised for issue on 1 December 2025 , and are signed on behalf of the board by:

Ms M J Chaudhary

Director

Company registration number: 05410310

HORIZON RESIDENTIAL CARE LIMITED

Notes to the 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 46 The Ridgeway, North Harrow, Middlesex, HA2 7QN.

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 and represents amounts receivable for services rendered, stated net of discounts.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

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	-	5% 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.

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:

Fixtures and fittings	-	25% reducing balance
Building Improvement	-	10% straight line

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2024: 13 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	180,000
	---------
Amortisation
At 1 April 2024	171,000
Charge for the year	9,000
	---------
At 31 March 2025	180,000
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	9,000
	---------

6. Tangible assets

	Fixtures and fittings	Building Improvement	Total
	£	£	£
Cost
At 1 April 2024	152,106	231,333	383,439
Additions	19,595	–	19,595
	---------	---------	---------
At 31 March 2025	171,701	231,333	403,034
	---------	---------	---------
Depreciation
At 1 April 2024	123,317	162,776	286,093
Charge for the year	12,096	23,133	35,229
	---------	---------	---------
At 31 March 2025	135,413	185,909	321,322
	---------	---------	---------
Carrying amount
At 31 March 2025	36,288	45,424	81,712
	---------	---------	---------
At 31 March 2024	28,789	68,557	97,346
	---------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	74,658	56,766
Other debtors	236,677	224,228
	---------	---------
	311,335	280,994
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	45,702	45,608
Social security and other taxes	239	2,128
Other creditors	8,276	9,639
	--------	--------
	54,217	57,375
	--------	--------

9. Guarantees

Bank loans to the directors Ms M J Chaudhary and Mr A K Malik for the properties used by the company, business loan and Invoice financing advances are secured by fixed and floating charges over the company's assets and negative pledge.