REGISTERED NUMBER: 05318834 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

I CARE EXTRA CARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S V Emmanuel

Mrs W K Emmanuel

SECRETARY:

Mrs W K Emmanuel

REGISTERED OFFICE:

Kincraig Business Park

Building 3

Kincraig Road

Blackpool

Lancashire

FY2 0PJ

REGISTERED NUMBER:

05318834 (England and Wales)

ACCOUNTANTS:

Xeinadin

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

FIXED ASSETS

Tangible assets

4

14,651

11,375

Investment property

5

9,798,222

9,467,000

9,812,873

9,478,375

CURRENT ASSETS

Stocks

6

957

-

Debtors

7

38,962

90,571

Cash at bank and in hand

7,270

5,253

47,189

95,824

CREDITORS

Amounts falling due within one year

8

(659,856

)

(871,457

)

NET CURRENT LIABILITIES

(612,667

)

(775,633

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,200,206

8,702,742

CREDITORS

Amounts falling due after more than one year

9

(2,454,055

)

(2,778,338

)

PROVISIONS FOR LIABILITIES

(3,012

)

(2,004

)

NET ASSETS

6,743,139

5,922,400

CAPITAL AND RESERVES

Called up share capital

10

10

Fair value reserve

1,874,936

1,874,936

Retained earnings

4,868,193

4,047,454

SHAREHOLDERS' FUNDS

6,743,139

5,922,400

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 15 December 2025 and were signed on its behalf by:

Mr S V Emmanuel - Director

1.	STATUTORY INFORMATION

I Care Extra Care Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of management fees and fees for residents' services due. Turnover is recognised in the period to which it relates.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance and 20% to 25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

All finance costs associated with the construction of the property are included in the cost of the asset.

Stocks

Stocks are valued at the lower of cost (including interest payable) and net realisable value after making due allowance for slow moving items.

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.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future and for at least 12 months from the date that these Financial statements are approved. Therefore, the company continues to adopt the going concern basis in preparing the Financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

218,451

4,221

222,672

Additions

8,195

-

8,195

At 31 March 2025

226,646

4,221

230,867

DEPRECIATION

At 1 April 2024

207,085

4,212

211,297

Charge for year

4,917

2

4,919

At 31 March 2025

212,002

4,214

216,216

NET BOOK VALUE

At 31 March 2025

14,644

7

14,651

At 31 March 2024

11,366

9

11,375

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

9,467,000

Additions

331,222

At 31 March 2025

9,798,222

NET BOOK VALUE

At 31 March 2025

9,798,222

At 31 March 2024

9,467,000

The investment property is held for the purpose of letting under operating leases.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

1,874,936

Cost

7,923,286

9,798,222

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

7,923,286

7,592,064

Investment property was valued on an open market basis on 31 March 2025 by the director .

6.

STOCKS

2025

2024

£

£

Stocks

957

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,369

59,072

Other debtors

7,801

6,250

Prepayments

29,792

25,249

38,962

90,571

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

353,276

378,333

Trade creditors

20,612

17,451

Tax

22,634

11,130

Social security and other taxes

2,694

2,619

VAT

214

1,086

Other creditors

236,056

365,493

Accruals and deferred income

24,370

95,345

659,856

871,457

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,454,055

2,778,338

Bank loans outstanding at the year end amounted to £2,807,331 (2024 - £3,156,672) and include instalments due after more than five years of £783,690 (2024 - £1,298,426).

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,807,331

3,156,671

The bank loan is secured on the assets of the company.