Palm Court Care (Dawlish) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09912439

Palm Court Care (Dawlish) Limited

Filleted Unaudited Financial Statements

31 March 2025

Palm Court Care (Dawlish) Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Palm Court Care (Dawlish) Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	49,449	98,899
Tangible assets	6	1,627,684	1,644,524
Investments	7	91,522	86,631
		------------	------------
		1,768,655	1,830,054

Current assets

Stocks		1,000	1,000
Debtors	8	944,730	861,890
Cash at bank and in hand		418,387	299,746
		------------	------------
		1,364,117	1,162,636

Creditors: amounts falling due within one year	9	925,704	876,393
		------------	------------
Net current assets		438,413	286,243
		------------	------------
Total assets less current liabilities		2,207,068	2,116,297

Creditors: amounts falling due after more than one year	10	989,643	1,191,090

Provisions	4,452	40,926
	------------	------------
Net assets	1,212,973	884,281
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,212,873	884,181
	------------	---------
Shareholders funds	1,212,973	884,281
	------------	---------

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Palm Court Care (Dawlish) Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mr M Mansukhani
Director

Company registration number: 09912439

Palm Court Care (Dawlish) 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdon.

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 measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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	-	10% 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. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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 52 (2024: 50 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	494,497
	---------
Amortisation
At 1 April 2024	395,598
Charge for the year	49,450
	---------
At 31 March 2025	445,048
	---------
Carrying amount
At 31 March 2025	49,449
	---------
At 31 March 2024	98,899
	---------

6. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1,577,165	129,428	46,890	1,753,483
	------------	---------	--------	------------
Depreciation
At 1 April 2024	–	78,691	30,268	108,959
Charge for the year	–	12,684	4,156	16,840
	------------	---------	--------	------------
At 31 March 2025	–	91,375	34,424	125,799
	------------	---------	--------	------------
Carrying amount
At 31 March 2025	1,577,165	38,053	12,466	1,627,684
	------------	---------	--------	------------
At 31 March 2024	1,577,165	50,737	16,622	1,644,524
	------------	---------	--------	------------

7. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024	86,631
Revaluations	4,891
	--------
At 31 March 2025	91,522
	--------
Impairment
At 1 April 2024 and 31 March 2025	–
	--------

Carrying amount
At 31 March 2025	91,522
	--------
At 31 March 2024	86,631
	--------

8. Debtors

	2025	2024
	£	£
Trade debtors	82,386	73,744
Amounts owed by group undertakings and undertakings in which the company has a participating interest	853,146	788,146
Other debtors	9,198	–
	---------	---------
	944,730	861,890
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	3,889	69,852
Trade creditors	14,055	23,434
Amounts owed to group undertakings and undertakings in which the company has a participating interest	16,160	16,160
Corporation tax	114,675	51,597
Social security and other taxes	22,365	35,703
Other creditors	754,560	679,647
	---------	---------
	925,704	876,393
	---------	---------

Security is given on the bank loan by way of fixed and floating charges over the property and other assets.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	988,869	1,189,626
Other creditors	774	1,464
	---------	------------
	989,643	1,191,090
	---------	------------

Security is given on the bank loan by way of fixed and floating charges over the property and other assets.

11. Related party transactions

At the year end the company owed the Director £745,308 (2024: £668,408). At the year end the company had amounts of £853,146 and £16,160 owed from / to group companies. (2024: £788,146 / £16,160).

12. Controlling party

Palm Court Care (Dawlish) Limited is a wholly owned subsidiary of Palm Court Care (Holdings) Limited a company incorporated in England & Wales. The registered office of the Holding company is Camburgh House, 27 New Dover, Road, Canterbury, Kent, CT1 3DN.