Golden Nest Carehomes Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 06389517

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,169,748		1,169,748

			1,169,748		1,169,748
CURRENT ASSETS
Debtors	5	178,100		178,100
Cash at bank and in hand		97,930		5,470

		276,030		183,570
Creditors: Amounts Falling Due Within One Year	6	(1,340,744 )		(1,039,962 )

NET CURRENT ASSETS (LIABILITIES)			(1,064,714 )		(856,392 )

TOTAL ASSETS LESS CURRENT LIABILITIES			105,034		313,356

Creditors: Amounts Falling Due After More Than One Year	7		-		(450,000 )

NET ASSETS/(LIABILITIES)			105,034		(136,644 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Other reserves			(160,086 )		(160,086 )
Profit and Loss Account			265,118		23,440

SHAREHOLDERS' FUNDS			105,034		(136,644)

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Golden Nest Carehomes Limited

Balance Sheet (continued)

As At 31 March 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Suresh Konduru

Director

10th July 2024

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Golden Nest Carehomes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06389517 . The registered office is 255 Eastern Avenue, Ilford, IG4 5AT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

Since company has aquired loan of 1.3 million , Directors loan and Barclays Bank loan has been repaid of 510645 and 416787 respectively. Balance of 372566 are cash on hand and the same shall be used for further development of the company.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Annual
Plant & Machinery	Annual

Historical Cost of Land and buildings were £577,403, which has been revalued to £850,000. This

revaluation has been provided by the Directors. Cost or valuation of land and buildings is freehold land which is not depreciated.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 50 (2024: 36)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 April 2024	1,165,000	6,105	1,171,105

As at 31 March 2025	1,165,000	6,105	1,171,105

...CONTINUED

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Golden Nest Carehomes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	-	1,357	1,357

As at 31 March 2025	-	1,357	1,357

Net Book Value
As at 31 March 2025	1,165,000	4,748	1,169,748

As at 1 April 2024	1,165,000	4,748	1,169,748

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	70,700	70,700
Other debtors	107,400	107,400

	178,100	178,100

The debtor balance of £61,300 is due from Meridian Business School. This is a company in which Mr

S Konduru is a Director and 50% shareholder, and Mrs B Konduru is a Director and 50% shareholder.

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	(1 )
Bank loans and overdrafts	515,892	40,000
Other taxes and social security	76,502	239,312
Net wages	30,299	30,299
Other creditors	-	92,633
Other creditors - CITEC	40,632	93,232
Other creditors - GENEXT	122,784	6,500
Pension payables	9,456	5,503
Accruals and deferred income	21,838	21,838
Directors' loan accounts	523,342	510,646

	1,340,744	1,039,962

A balance of £91,883 due to College of IT & Ecommerce Ltd. This is a company in which Mr S

Konduru is a Director and 50% shareholder, and Mrs B Konduru is a Director and 50% shareholder.

A balance of £21,500 due to Genext Healthcare Solutions Limited. This is a company in which Mr S

Konduru is a Director and 45% shareholder, and Mrs B Konduru is 45% shareholder.

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	450,000

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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