REGISTERED NUMBER: 11441121 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Heartlands Care Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Z D Chaudhry

Mr C A Milner

Mr H Potgieter

REGISTERED OFFICE:

319B Walton Road

West Molesey

Surrey

KT8 2QG

REGISTERED NUMBER:

11441121 (England and Wales)

AUDITORS:

Merit Accountants and Tax Advisors Ltd

16 Upper Woburn Place

London

WC1H 0AF

FIXED ASSETS

Investment property

5

1,595,000

1,595,000

CURRENT ASSETS

Cash in hand

896

10

CREDITORS

Amounts falling due within one year

6

326,010

276,914

NET CURRENT LIABILITIES

(325,114

)

(276,904

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,269,886

1,318,096

CREDITORS

Amounts falling due after more than one year

7

(671,742

)

(730,009

)

PROVISIONS FOR LIABILITIES

(132,313

)

(132,313

)

NET ASSETS

465,831

455,774

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

396,937

396,937

Retained earnings

68,794

58,737

SHAREHOLDERS' FUNDS

465,831

455,774

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 26 December 2025 and were signed on its behalf by:

Mr Z D Chaudhry - Director

1.	STATUTORY INFORMATION

Heartlands Care Property Ltd 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Going concern

The directors have formed a judgement, at the time of approving the financial statements, that although the company has negative net current assets, there is reasonable expectation that the group has adequate resources to support the company and enable it to continue in operational existence for the foreseable future. As such, the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	AUDITORS' REMUNERATION

31.3.25

31.3.24

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

3,692

3,692

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,595,000

NET BOOK VALUE

At 31 March 2025

1,595,000

At 31 March 2024

1,595,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

347,400

Valuation in 2023

86,850

Valuation in 2024

95,000

Cost

1,065,750

1,595,000

The directors valued the property with reference to previous professional valuations carried out by chartered surveyors on the basis of the EBITDA that the property can potentially generate being operated as a care home.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

55,514

52,761

Trade creditors

-

(1

)

Amounts owed to group undertakings

263,594

199,017

Taxation and social security

3,210

21,445

Other creditors

3,692

3,692

326,010

276,914

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

671,742

730,009

Included in other creditors is a bank loan of £671,742 (2024 £730,009) secured against company's assets.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hussein Bhaiji CTA FCCA (Senior Statutory Auditor)

for and on behalf of Merit Accountants and Tax Advisors Ltd

9.	RELATED PARTY DISCLOSURES

Trustcare Management Limited is the immediate and ultimate parent company by virtue of holding 100% of the issued share capital of the company. It is a company incorporated in England and Wales and it's Registered Office is at 319B Walton Road, West Molesey, Surrey, KT8 2QG.

Management fees charged by the parent to the company was £30,785 (2024: £30,929).