Care First (Developments) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09883754 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Care First (Developments) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Verma

REGISTERED OFFICE:

361-365 Moseley Road

Balsall Heath

Birmingham

West Midlands

B12 9DE

REGISTERED NUMBER:

09883754 (England and Wales)

ACCOUNTANTS:

Concept Accountancy Services Ltd

89a Dudley Road

Halesowen

West Midlands

B63 3NS

FIXED ASSETS

Investment property

4

1,381,610

1,344,222

CURRENT ASSETS

Debtors

5

130,256

139,695

Cash at bank

3,572

3,182

133,828

142,877

CREDITORS

Amounts falling due within one year

6

764,681

724,422

NET CURRENT LIABILITIES

(630,853

)

(581,545

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

750,757

762,677

CREDITORS

Amounts falling due after more than one
year

7

818,123

821,246

NET LIABILITIES

(67,366

)

(58,569

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(67,466

)

(58,669

)

SHAREHOLDERS' FUNDS

(67,366

)

(58,569

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 January 2026 and were signed by:

M Verma - Director

1.	STATUTORY INFORMATION

Care First (Developments) 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary Amounts in these financial statements are rounded to the nearest £.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

1,344,222

Additions

37,388

At 30 April 2025

1,381,610

NET BOOK VALUE

At 30 April 2025

1,381,610

At 30 April 2024

1,344,222

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Other debtors

129,850

Other debtors

-

7,820

Prepayments

406

2,025

130,256

139,695

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Bank loans and overdrafts (see note 8)

3,773

4,785

Other creditors

11,928

12,714

Amount due to associated

companies

304,274

256,319

Other creditors

151,700

Directors' loan accounts

291,556

297,454

Accrued expenses

1,450

764,681

724,422

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.25

30.4.24

£

Bank loans (see note 8)

818,123

821,246

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

803,032

802,106

8.

LOANS

An analysis of the maturity of loans is given below:

30.4.25

30.4.24

£

Amounts falling due within one year or on demand:

Bank loan account

3,773

4,785

Amounts falling due between two and five years:

Bank loans - 2-5 years

15,091

19,140

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

803,032

802,106

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

Company Loan

151,700

The Company has a loan of £151,700 (2023: £154,700) from the family trust, which is secured by a debenture over the assets of the company.

Paragon Bank PLC hold debentures over the company dated 26 September 2019 and 24 April 2023, containing a fixed and floating charge over all the property or undertaking of the company.

OneSavings Bank Plc hold a legal charge dated 16 June 2021, containing a fixed charge and security over the freehold land and buildings at 16 Tiverton Road, Selly Oak, Birmingham.

10.	RELATED PARTY DISCLOSURES

Other creditors at 30 April 2025 includes £66,797 due to Care First (UK) Ltd (2024: £66,797) and £237,477 due to Care First (Smethwick) Ltd (2024: £189,522).

M Verma is a director and shareholder of both Care First (UK) Ltd and Care First (Smethwick) Ltd.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Verma.