Company Registration No. 06558259 (England and Wales)
Sheerwater Healthcare Limited
Unaudited accounts
for the year ended 30 April 2025
Sheerwater Healthcare Limited
Unaudited accounts
Contents
Sheerwater Healthcare Limited
Company Information
for the year ended 30 April 2025
Company Number
06558259 (England and Wales)
Registered Office
Unit 5, Swaker Yard
2B Theobald Street
Herts
WD6 4SE
United Kingdom
Accountants
Platts
Unit 5 Swaker Yard
2b Theobald Street
Herts
WD6 4SE
Sheerwater Healthcare Limited
Statement of financial position
as at 30 April 2025
Intangible assets
103,720
134,077
Tangible assets
1,707,049
1,709,398
Cash at bank and in hand
36,415
40,856
Creditors: amounts falling due within one year
(149,601)
(128,175)
Net current liabilities
(55,920)
(39,866)
Total assets less current liabilities
1,754,849
1,803,609
Creditors: amounts falling due after more than one year
(908,259)
(960,704)
Provisions for liabilities
Deferred tax
(93,130)
(93,130)
Net assets
753,460
749,775
Called up share capital
2
2
Revaluation reserve
397,026
397,026
Profit and loss account
356,432
352,747
Shareholders' funds
753,460
749,775
For the year ending 30 April 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 January 2026 and were signed on its behalf by
Mr M Rose
Director
Company Registration No. 06558259
Sheerwater Healthcare Limited
Notes to the Accounts
for the year ended 30 April 2025
Sheerwater Healthcare Limited is a private company, limited by shares, registered in England and Wales, registration number 06558259. The registered office is Unit 5, Swaker Yard, 2B Theobald Street, Herts, WD6 4SE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Sheerwater Healthcare Limited
Notes to the Accounts
for the year ended 30 April 2025
Care home land & buildings
Care home land & buildings is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
Charge for the year
30,357
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 May 2024
1,700,000
125,296
1,825,296
At 30 April 2025
1,700,000
125,296
1,825,296
At 1 May 2024
-
115,898
115,898
Charge for the year
-
2,349
2,349
At 30 April 2025
-
118,247
118,247
At 30 April 2025
1,700,000
7,049
1,707,049
At 30 April 2024
1,700,000
9,398
1,709,398
Sheerwater Healthcare Limited
Notes to the Accounts
for the year ended 30 April 2025
Amounts falling due within one year
Other debtors
57,266
47,453
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
57,326
55,661
Taxes and social security
90,875
66,574
Other creditors
1,400
5,940
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
908,259
960,704
The bank loan is repayable after more than one year and is secured by a first fixed legal charge.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
The ultimate parent company is Sheerwater House Holdings Limited, a company where Mr M Rose owns the company's entire ordinary issued share capital. The registered office is Unit 5, Swaker Yard, 2B Theobald Street, Herts, WD6 4SE. The principal place of business is Sheerwater House, Sheerwater Road, Woodham, Addlestone, Surrey, KT15 3QL.
11
Average number of employees
During the year the average number of employees was 22 (2024: 15).