REGISTERED NUMBER: 07576941 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

NAVAGRACE LIMITED

Trading as

Castle Graig Nursing Home

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr S J Navaratnasingam

Dr R R Navaratnasingam

REGISTERED OFFICE:

Castle Graig Nursing Home 93 Salem Road

Morriston

Swansea

SA6 8NN

REGISTERED NUMBER:

07576941 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

104,652

63,990

Investments

6

1,000

1,000

105,652

64,990

CURRENT ASSETS

Stocks

775

770

Debtors

7

572,643

681,664

Cash at bank and in hand

205,262

325,585

778,680

1,008,019

CREDITORS

Amounts falling due within one year

8

488,482

673,667

NET CURRENT ASSETS

290,198

334,352

TOTAL ASSETS LESS CURRENT LIABILITIES

395,850

399,342

CREDITORS

Amounts falling due after more than one year

9

(10,137

)

(19,835

)

PROVISIONS FOR LIABILITIES

(24,237

)

(15,998

)

NET ASSETS

361,476

363,509

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

361,376

363,409

SHAREHOLDERS' FUNDS

361,476

363,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 22 December 2025 and were signed on its behalf by:

Dr S J Navaratnasingam - Director

Dr R R Navaratnasingam - Director

1.	STATUTORY INFORMATION

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

Goodwill

Goodwill is the difference between the amount paid in connection with the acquisition of a business and the aggregate fair value of its separable net assets. It is being amortised evenly over its estimated economic useful life of 5years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2024 - 55 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,000

AMORTISATION

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

237,582

Additions

62,944

At 31 March 2025

300,526

DEPRECIATION

At 1 April 2024

173,592

Charge for year

22,282

At 31 March 2025

195,874

NET BOOK VALUE

At 31 March 2025

104,652

At 31 March 2024

63,990

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

6,083

DEPRECIATION

At 1 April 2024

5,938

Charge for year

36

At 31 March 2025

5,974

NET BOOK VALUE

At 31 March 2025

109

At 31 March 2024

145

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1,000

NET BOOK VALUE

At 31 March 2025

1,000

At 31 March 2024

1,000

Fixed investment is investment in shares in Beth-Shalom Properties Limited. Beth-Shalom Properties Limited. is owned 100% by Navagrace Limited.

7.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

50,455

48,000

Other debtors

12,185

8,661

62,640

56,661

Amounts falling due after more than one year:

Amounts owed by group undertakings

510,003

625,003

Aggregate amounts

572,643

681,664

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,648

10,648

Trade creditors

132,875

94,235

Taxation and social security

211,214

186,213

Other creditors

133,745

382,571

488,482

673,667

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

10,137

19,835

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,137

19,835

10.	ULTIMATE CONTROLLING PARTY

The Board of Directors are the controlling party.