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Registered number:
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
COMPANY INFORMATION
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
CONTENTS
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025
The directors present their strategic report of the Company and the Group for the year ended 30 April 2025.
The principal activity of the Company and the Group is the provision of domiciliary care services in England to people over the age of sixty-five as well as young adults with a broad range of needs including physical and sensory impairment, learning disabilities and a range of complex health needs.
The most significant events during the financial year were:
∙The ongoing shortage of applicants seeking to enter the care sector combined with increasing numbers of carers choosing to seek alternative employment, resulting in a restricted ability to take on new care packages at the rate required by local authorities or the NHS. The Group continued to alleviate this shortage through the recruitment of overseas carers using the UKVI Skilled Worker visa channel; and
∙The Group fully repaid its Thincats loan by Dec-24, via regular early repayments, overall strengthening the liquidity position of the business and reducing the interest payable burden.
Turnover increased to £62.7 million (2024: £59.1 million), supported by improved contract pricing and operational efficiencies. Although care hours delivered fell by 3.7%, the Group maintained stable service-level performance across all regions.
Gross profit was £15.1 million, broadly consistent with the prior year (2024: £15.1 million). Cost management remained a key focus, with administrative expenses held at controlled levels throughout the year. Profitability The Group reported:
∙Operating profit: £1.73 million (2024: £1.99 million)
∙Profit before tax: £1.62 million (2024: £1.63 million)
∙Profit after tax: £0.86 million (2024: £0.94 million)
The results reflect ongoing investment in service quality and workforce stability, alongside disciplined financial management.
Balance Sheet Strengthening Net assets increased to £11.6 million (2024: £9.3 million), representing continued year-on-year growth. Cash at bank and in hand rose to £4.43 million (2024: £3.33 million), despite significant voluntary repayments of external debt. Debt Reduction The Group completed the repayment of all long-term borrowings during the financial year, resulting in:
∙Full settlement of £2.43 million previously due after more than one year
∙Reduction of short-term debt to immaterial levels by year-end
∙A strengthened liquidity position and reduced interest burden
The Group has maintained its record in achievement of Care Quality Commission inspections with 89% of branches rated Good or better (as a percentage of rated branches), being also 89% in the prior year.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
The management of the business and the execution of the Group’s strategy are subject to several risks. The key business risks and uncertainties affecting the Group are considered to relate to the ongoing compliance with current and future legislation affecting the sector, the extent of social care funding and the availability of care and support workers.
Competitive & market risks The Group is subject to competitive markets for care contracts which are mitigated with competitive pricing and commissioner confidence in the quality of care provided by the Group. Exposure to credit, liquidity and cash flow risk The group operates predominantly under contracts with local authorities to provide care in the community. These contracts tend to be for fixed periods of time and the directors are satisfied the group has limited exposure to credit risk arising from these contracts as they are essentially funded by Central government and generally pay within the agreed terms. The company’s liquidity risk is managed by ensuring reasonable trade credit payment terms with its suppliers and maintaining healthy cash balances. The third-party debt assumed to fund the acquisition of Westminster Homecare has a fixed rate of interest and hence the Group is not at risk of fluctuating short term interest rates. Regulatory Risk The care sector is a highly regulated environment requiring specialist skills and training to work within the community. Management ensure that staff have sufficient training to deliver the care at the high standard required. The Group has 34 locations/branches that are rated by the CQC. The latest distribution of these ratings is shown below:
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
The directors confirm that they have regard to broader stakeholder interests when performing their duty under section 172 of the Companies Act 2006 and in doing so have regard to (amongst other matters):
∙The likely consequences of any decision in the long term
The directors are focused on the success of the Group over the long-term through the implementation of a strategy to develop in geographies where it can bring a strong value proposition to the domiciliary care market. This involves leveraging its reputations of being a provider of high quality care and a good employer together with appropriate investment in technology to enable our staff to focus on care delivery. The directors regularly review performance, opportunities and risks in the markets that the Group operates in to ensure it is focused on those areas that will deliver the best returns.
∙The interests of the employees
The directors believe that it is important to recruit and retain capable and caring staff regardless of their sex, marital status, race or religion. It is the Group's policy to give full and fair consideration to applications for employment from people who are disabled and to arrange appropriate training for employees who become disabled and to provide equal opportunities for the career development, training and promotion of disabled employees. The directors also recognise that the continued position of the Group in the health and social care industry depends on the quality and motivation of its employees and as such the Group is committed to pursue employment policies which will continue to attract, retain and motivate its employees. Good and effective employee communications are particularly important, and throughout the business it is the directors' policy to promote the understanding by all employees of the Group's business aims and performance. This is achieved through a variety of communication approaches, such as quarterly team meetings, newsletters and supervisions for each at a branch level as well as the annual survey at the Group level. The Group's policy is to give full and fair consideration to applications for employment made by disabled persons, having regard to their particular aptitudes and abilities. Disabled employees receive appropriate training to promote their career development within the group. Employees who become disabled are retained in their existing posts where possible or retrained for suitable alternative posts.
∙Fostering business relationships with suppliers, customers and others
To the Group, customers are both the commissioners of care (e.g. local authorities or NHS) with whom the Group has a direct contractual relationship and the recipients of care. Engagement with recipients of care is usually a daily activity via our carer workforce. We also ensure the quality of this care is maintained at a high level via our groupwide Quality Assurance team who ensure that all complaints are dealt with on a timely basis, undertake carer spot checks, assist with quarterly service reviews and manage annual feedback surveys with our service users. Maintaining relationships with our commissioners is a key focus for all our Registered Managers and is achieved through regular dialogue and excellent service delivery. Regarding suppliers, the Group has a small number of strategic suppliers who have been selected based on their scale, robustness and ability to meet the Group’s requirements. Regular dialogue is maintained with each of these suppliers to ensure a mutually beneficial relationship.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
∙The impact of operations on the community and the environment
The delivery of care to individuals in their own home, thereby avoiding hospitalisation or permanently moving out of their long-term residence helps to maintain the richness of our local communities. Our staff typically live in the communities in which they work and hence take pride in the positive contribution made to the wellbeing of residents and the environment. The Group recognises the importance of its environmental responsibilities and monitors its impact on the environment and designs and implements appropriate policies to minimise carbon usage and other impacts. See for further details in respect of environmental impacts in the Directors' Report.
∙Maintaining a reputation for high standards of business conduct
Ethical business represents a cornerstone of the Group's strategic approach, as part of its wider focus to be a responsible and committed employer and business partner for Local Authorities. The directors ensure that the Group implements procedures and awareness training which reflect the requirements of UK legislation such as the Bribery Act and Modern Slavery Act, as well as the wider Group compliance procedures. The Group is committed, in its day-to-day operations to uphold high standards of business conduct and integrity.
∙Acting fairly as between members of the Company
Each of the Directors have an ownership stake in the Group and therefore acting fairly between members is embedded in day-to-day working together with regular senior leadership team meetings.
This report was approved by the board and signed on its behalf.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
The directors present their report and the financial statements for the year ended 30 April 2025.
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £829,565 (2024 - £944,530).
A dividend of £100,000 was declared and paid (2023 - £248,581).
The directors who served during the year were:
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
The company is exposed to the usual credit and cash flow risks associated with selling on credit and is managed by an experienced credit team who constantly monitor the Company’s outstanding positions.
In accordance with the Financial Reporting Council's 'Going Concern and Liquidity Risk: Guidance for Directors of UK Companies 2009', the directors of all companies are now required to provide disclosures regarding the adoption of the going concern basis of accounting. The company has sufficient resources available, and the directors have prepared forecasts for the next 12 months that indicate that this will continue to be the case and that these cash flows will be sufficient for the company to meet its financing commitments as they fall due. The directors therefore have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have continued to adopt the going concern basis in preparing the financial statements.
The Group was sold to the Cera Care Group on 2nd May 2025. Despite this change, the directors intend to continue to grow the business in the coming year, as well as take advantage of the advantages and support from being a member of a larger group.
The company encourages the involvement of employees in its management through regular departmental meetings. It promotes open dialogue and collaboration to ensure that staff perspectives meaningfully contribute to decision-making and continuous improvement.
We are committed to engaging openly and responsibly with our suppliers, customers, and all other stakeholders. We promote transparent communication, ethical and fair practices, and collaborative relationships that support quality, sustainability, and continuous improvement. We value the trust placed in us and work to uphold it by maintaining regulatory compliance, respecting stakeholder needs, and contributing positively to the communities in which we operate.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
Care At Home Services Limited is a 'large unquoted company' under the Streamlined Energy and Carbon Reporting regulations so must report annually on greenhouse gas emissions from Scope 1 and 2 Electricity, Gas and Transport.
Methodology
The reporting period is the most recent financial year 01/05/2023 to 30/04/2024. This report has been compiled in line with the March 2019 BEIS 'Environmental Reporting Guidelines: Including streamlined energy and carbon reporting guidance', and the EMA methodology for SECR Reporting. All measured emissions from activities which the organisation has financial control over are included as required under The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018, unless otherwise stated in the exclusions statement. The carbon figures have been calculated using the DESNZ 2023 carbon conversion factors for all fuels, other than the market based electricity which has been taken from British Gas, SSE, E-On Next, Scottish Power & British Gas Lite as the UK suppliers. UK Carbon Footprint Data
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
Year on Year Emissions Changes
Care at Home Services Limited's location-based emissions decreased from 931 tCO2e in 2023/24 to 921 tCO2e in 2024/25. This is an emissions reduction of 1.1%. Scope 1 emissions decreased from 233 tCO2e in 2023/24 to 224 tCO2e in 2024/25, this is an emissions reduction of 3.9%. This reduction is due to a decrease in associated transport emissions. The emissions associated with scope 1 transport (petrol & diesel) decreased from 194 tCO2e in 2023/24 to 171 tCO2e in 2024/25. Natural Gas consumption increased from 213,744 kWh in 2023/24 to 290,009 kWh in 2024/25, resulting in an emissions rise of 14 tCO2e. Scope 2 electricity consumption decreased from 142,273 kWh in 2023/24 to 124,088 kWh in 2024/25, a 12.8% decrease in consumption. Scope 2 location-based emissions decreased from 29 tCO2e to 26 tCO2e. This is consistent with market-based emissions which also saw a decrease, with associated emissions falling from 13 tCO2e to 6 tCO2e. Care at Home services Limited report their emissions intensity on a turnover basis. Emissions per £m turnover decreased from 15.8 tCO2e/£m turnover in 2024/24 to 14.7 tCO2e/£m turnover in 2024/25.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
Energy Efficiency Actions taken
Relocating from larger, older office space into smaller, newer office space. The ability to do this is via digitisation of the business (no need for paper storage). This subsequently, for the most part, comes with reduced energy costs due to the smaller space and better energy efficiency associated with newer offices.
Certain items required under Schedule 7 to be disclosed in the Directors' Report are set out in the Strategic Report in accordance with S.414C(II) of the Companies Act 2006; these being the Group's principle risks and uncertainties, and engagement with employees including the employment of disabled persons, customers and suppliers.
On 2 May 2025 100% of the company's shares were acquired by Cera Care Operations Holdings Limited.
The auditor, MHA, previously traded through the legal entity MacIntyre Hudson LLP. In response to regulatory changes, MacIntyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to MHA Audit Services LLP.
MHA will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CARE AT HOME SERVICES (SOUTH EAST) LIMITED
We have audited the financial statements of Care at Home Services (South East) Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 30 April 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cashflow, the Consolidated and CompanyStatement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CARE AT HOME SERVICES (SOUTH EAST) LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CARE AT HOME SERVICES (SOUTH EAST) LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙Enquiry of management around actual and potential litigation claims;
∙Enquiry of entity staff to identify any instances of non-compliance with laws and regulations;
∙performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
∙Reviewing minutes of meetings of those charged with governance; and
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulation.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CARE AT HOME SERVICES (SOUTH EAST) LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Maidstone
United Kingdom MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542)
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
REGISTERED NUMBER: 05317196
CONSOLIDATED BALANCE SHEET
AS AT 30 APRIL 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 23 to 43 form part of these financial statements.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
REGISTERED NUMBER: 05317196
COMPANY BALANCE SHEET
AS AT 30 APRIL 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
REGISTERED NUMBER: 05317196
COMPANY BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2025
The notes on pages 23 to 43 form part of these financial statements.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Care at Home Services (South East) Limited is a private company, limited by shares, registered in England and Wales in the United Kingdom. The Company's registered number and registered office can be found on the Company Information page.
The financial statements are presented in sterling which is the functional currency of the Company and the Group and rounded to the nearest £1.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases. In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102.
The directors have assessed that there are no significant doubts in the Group and Company's ability to continue as a going concern. As a result, the financial statements have been prepared on a going concern basis.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
2.Accounting policies (continued)
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
2.Accounting policies (continued)
Goodwill
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Group 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 Group's Balance sheet when the Group becomes party to the contractual provisions of the instrument.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
2.Accounting policies (continued)
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction 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. The Group's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price after transaction costs. When this constitutes 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.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
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.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Key estimates and judgements are as follows: Judgements have been applied on the useful economic life of both tangible and intangible fixed assets, with depreciation and amortisation being charged accordingly. Details on the deemed useful economic life of assets can be found in notes 2.11 and 2.12. A judgement has been applied in respect of debtor recoverability. Due to the nature of care services being contracted with local councils, management do not consider any debtor balances to be irrecoverable, therefore no provision has been included within these financial statements. The amounts recoverable on contracts represents the value of work completed at the balance sheet date but not invoiced until after the year end. This is a calculation based on the previous 4 weekly billing cycle, compared to the days remaining to the year end since the previous billing cycle. This estimate has proved to be historically reliable. Elsewhere, a payroll accrual is also calculated in the same manner as the income accrual but using payroll cycles.
The whole of the turnover is attributable to the principal activity of the group, being that of domiciliary care services.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
12.Taxation (continued)
There were no factors that may affect future tax charges.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
15.Tangible fixed assets (continued)
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
The property was purchased in December 2021, and valued until disposal at cost which in view of the Directors represented the market value.
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
46,725 £1 Ordinary A shares were issued by the Company in the year for cash consideration of £33 per share, totalling £1,541,925.
Share premium account
Capital redemption reserve
Profit and loss account
The Group operated a
Contributions totalling £
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CARE AT HOME SERVICES (SOUTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
At the year end date the ultimate controlling party was
Following the acquisition of the company as disclosed in note 29 by Cera Care Operations Holdings Limited, a wholly owned subsidiary of Cera Care Limited (incorporated in England & Wales), Cera Care Limited became the ultimate controlling party.
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