REGISTERED NUMBER: 08408264 (England and Wales)

Audited Financial Statements for the Period 1 April 2024 to 31 December 2024

for

Esteem Care Manchester Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D M B Jolly

Ms S M Roberts

Mr D Stapelberg

Mr J D Weight

REGISTERED OFFICE:

Unit 9-10 Pendeford Business Park

Wolverhampton

West Midlands

WV9 5HD

REGISTERED NUMBER:

08408264 (England and Wales)

SENIOR STATUTORY AUDITOR:

Timothy Cherry FCCA

AUDITOR:

DJH Audit Limited

Pacific Chambers

11-13 Victoria Street

Liverpool

L25QQ

FIXED ASSETS

Tangible assets

4

-

9,771

CURRENT ASSETS

Debtors

5

232,826

144,672

Cash at bank and in hand

-

138,708

232,826

283,380

CREDITORS

Amounts falling due within one year

6

-

68,298

NET CURRENT ASSETS

232,826

215,082

TOTAL ASSETS LESS CURRENT LIABILITIES

232,826

224,853

CREDITORS

Amounts falling due after more than one year

7

-

48,547

NET ASSETS

232,826

176,306

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

232,824

176,304

232,826

176,306

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 29 December 2025 and were signed on its behalf by:

Ms S M Roberts - Director

1.	STATUTORY INFORMATION

Esteem Care Manchester 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 generated through the provision of social care activities for the elderly and disabled. 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

Tangible fixed assets are recognised at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

- Computer equipment: 25% reducing balance.

- Furniture and fittings: 15% reducing balance.

- Motor vehicles: 15% reducing balance.

Taxation

Taxation for the period 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 period 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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and cash equivalents, are initially measured at transaction price, including transaction costs, and are then subsequently carried at amortised cost using the effective interest method, less provision for impairment, unless arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future lease receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash

equivalents, trade and other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying value amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial Liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of its liabilities.

Basic financial instruments, which include trade and other payables and bank loans are initially measured at their transaction price after transaction costs. When this constitute a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flows expire, or are settled, or when the company transfers the asset and substantially all of the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire, are discharged or cancelled.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 56 (2024 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

22,237

4,988

12,571

39,796

Disposals

(22,237

)

(4,988

)

(12,571

)

(39,796

)

At 31 December 2024

-

-

-

-

DEPRECIATION

At 1 April 2024

14,820

4,323

10,882

30,025

Charge for period

370

-

989

1,359

Eliminated on disposal

(15,190

)

(4,323

)

(11,871

)

(31,384

)

At 31 December 2024

-

-

-

-

NET BOOK VALUE

At 31 December 2024

-

-

-

-

At 31 March 2024

7,417

665

1,689

9,771

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

£

Trade debtors

-

131,776

Amounts owed by group undertakings

232,824

-

Other debtors

2

-

Prepayments and accrued income

-

12,896

232,826

144,672

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

£

Trade creditors

-

2,024

Social security and other taxes

-

19,025

Other creditors

-

12,124

Bank loans and overdrafts

-

30,000

Accruals

-

5,125

-

68,298

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.3.24

£

£

Bank loans - 1-2 years

-

48,547

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.3.24

£

£

Bank loans

-

75,000

The Royal Bank of Scotland contains a fixed and floating charge over all assets of the company in respect of the bank loan liability disclosed at the balance sheet date.

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

The Report of the Auditor was unqualified.

Timothy Cherry FCCA (Senior Statutory Auditor)

for and on behalf of DJH Audit Limited

10.	POST BALANCE SHEET EVENTS

On the 31 July 2024, the group headed by Esteem Care Holdings Limited, which includes the company, was sold to Meridian Health & Social Care Limited.

Subsequent to this, on the 1 August 2024, the trading assets of the company were hived up into Meridian Health & Social Care Limited. The fair value of those assets hived up were deemed to be equal to cost. The intention of the directors is for the company to continue as dormant entity therefore the adoption of the going concern status is still deemed appropriate.

11.	ULTIMATE CONTROLLING PARTY

Esteem Care manchester Limited is a subsidiary of Esteem Care Holdings Limited, which became its immediate parent on 1 April 2023.

Meridian Health & Social Care Limited acquired Esteem Care Holdings Limited on 31 July 2024.

The ultimate parent undertaking is:

Obotritia capital KGaA

Marlene-Dietrich-Allee 12b

14482 Potsdam

The results of the company are also consolidated within the financial statements of the ultimate parent undertaking as the largest group. The company's results are consolidated into the ultimate parent consolidated accounts from the date of acquisition 31 July 2024.

The Directors do not consider there to be one ultimate controlling party of the group due to the shareholding structure.