REGISTERED NUMBER: 09232306 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Silvercrest Care Homes Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

Dr B P Choudhary

Registered office:

Silvercrest Care Home Limited

Porthcawl Road

South Cornelly

Bridgend

CF33 4RE

Registered number:

09232306 (England and Wales)

Accountants:

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

Fixed assets

Tangible assets

4

1,743,559

1,769,678

Current assets

Debtors

5

424,598

431,920

Cash at bank and in hand

386,496

218,863

811,094

650,783

Creditors

Amounts falling due within one year

6

1,056,132

1,002,824

Net current liabilities

(245,038

)

(352,041

)

Total assets less current liabilities

1,498,521

1,417,637

Creditors

Amounts falling due after more than one year

7

(1,006,862

)

(1,039,468

)

Provisions for liabilities

(9,935

)

(11,312

)

Net assets

481,724

366,857

Capital and reserves

Called up share capital

101

101

Retained earnings

481,623

366,756

Shareholders' funds

481,724

366,857

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 director acknowledges his 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 director and authorised for issue on 22 December 2025 and were signed by:

Dr B P Choudhary - Director

1.	Statutory information

Silvercrest Care Homes 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.

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.

Freehold property

-

1% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

50% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	Employees and directors

The average number of employees during the year was 90 (2024 - 95 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

1,887,414

83,275

101,887

32,669

2,105,245

Additions

-

8,020

611

838

9,469

At 31 March 2025

1,887,414

91,295

102,498

33,507

2,114,714

Depreciation

At 1 April 2024

177,272

54,333

76,954

27,008

335,567

Charge for year

18,872

8,101

6,298

2,317

35,588

At 31 March 2025

196,144

62,434

83,252

29,325

371,155

Net book value

At 31 March 2025

1,691,270

28,861

19,246

4,182

1,743,559

At 31 March 2024

1,710,142

28,942

24,933

5,661

1,769,678

5.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

137,656

224,888

Other debtors

286,942

207,032

424,598

431,920

6.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Bank loans and overdrafts

31,697

29,426

Trade creditors

162,482

197,293

Taxation and social security

110,972

123,192

Other creditors

750,981

652,913

1,056,132

1,002,824

7.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

£

£

Bank loans

426,862

459,468

Other creditors

580,000

580,000

1,006,862

1,039,468

8.	Secured debts

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

458,559

488,894

9.	Related party disclosures

Included in other loans are the following:-

A loan of £400,000 (2024 - £400,000) from NNN Investments Limited.

Included in Debtors are the following:-

Amounts due from

BKM Limited - £141,316 (£153,583- 2024)

Newcore Healthcare Limited - £69,330 (£49,958 - 2024)

Silvercrown (Pontypridd) Limited - £72,521 (Nil 2024)

Silverlink Limited - £240 (£240)

Valley Link Pharmacy Ltd - £1,318.91

Included in Creditors are the following:-

Amounts due to

Silvercrown (Swansea) Limited - £322,965 (£209,009 - 2024)

Silvercrown (Pontypridd) Limited - Nil(£29,010 - 2024)

Silvercrown Care Homes Ltd - £12,350 (£63,160 - 2024)

These are all companies in which Dr Bikram Choudhary, a director and shareholder of Silvercrest Care Homes Limited is also a director/shareholder.

10.	Ultimate controlling party

The controlling party is Dr B P Choudhary.

The ultimate controlling party is NN Investments Ltd.