Sunderland Home Care Associates (20-20) - Accounts to registrar (filleted)

REGISTERED NUMBER: 03564689 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

Sunderland Home Care Associates (20-20)

Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J M Hutchinson

Mr S A Jackson

Mrs R Tate

Miss L Tate

SECRETARY:

Mrs R L Blyth

REGISTERED OFFICE:

Unit 3

North Hylton Enterprise Park

Sunderland

Tyne and Wear

SR5 3AD

REGISTERED NUMBER:

03564689 (England and Wales)

AUDITORS:

TTR Barnes Limited

Chartered Accountants and Statutory Auditors

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Tangible assets

4

1,270,092

1,316,316

CURRENT ASSETS

Debtors

5

955,304

433,960

Cash at bank and in hand

3,173,637

3,247,075

4,128,941

3,681,035

CREDITORS

Amounts falling due within one year

6

902,971

855,536

NET CURRENT ASSETS

3,225,970

2,825,499

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,496,062

4,141,815

PROVISIONS FOR LIABILITIES

2,551

7,401

NET ASSETS

4,493,511

4,134,414

CAPITAL AND RESERVES

Called up share capital

23,400

Share premium

148,600

Retained earnings

4,321,511

3,962,414

4,493,511

4,134,414

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2026 and were signed on its behalf by:

Mrs J M Hutchinson - Director

1.	STATUTORY INFORMATION

Sunderland Home Care Associates (20-20) 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 have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover

Turnover is measured at the fair value of the consideration received in the period in which the service is provided and represents amounts receivable for homecare services rendered and café sales, stated net of discounts and of Value Added Tax.

Income Recognition

Income is recognised as the services are delivered to clients, in accordance with the terms of the relevant care contracts. For café sales this is usually at the point of sale.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

20% Straight line

Fixtures and fittings

-

20% Straight line

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Employee remuneration

The company recognises expenditure for employees remuneration through payments to an employee benefit trust, when the payments are authorised to be made from the company to the share incentive plan. Although the company has de facto control of the trusts due to the composition of the trustee, the payments were made to enable control of the company to be vested with its employees through the purchase of shares. The shares are allocated to each employee in relation to their service with the company. As a result the directors of the company are of the opinion that no future economic benefit will be obtained rebutting the presumption that the company has exchanged one asset for another.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 247 (2024 - 268 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

fittings

Totals

£

COST

At 1 August 2024

1,341,273

28,545

68,730

1,438,548

Additions

-

1,098

Disposals

-

(11,558

)

(14,312

)

(25,870

)

At 31 July 2025

1,341,273

16,987

55,516

1,413,776

DEPRECIATION

At 1 August 2024

54,559

16,970

50,703

122,232

Charge for year

26,826

2,852

8,653

38,331

Eliminated on disposal

-

(5,134

)

(11,745

)

(16,879

)

At 31 July 2025

81,385

14,688

47,611

143,684

NET BOOK VALUE

At 31 July 2025

1,259,888

2,299

7,905

1,270,092

At 31 July 2024

1,286,714

11,575

18,027

1,316,316

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

676,824

196,214

Other debtors

278,480

237,746

955,304

433,960

Other debtors includes £41,578 due in more than 1 year (2024 - £36,089).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

1,784

27,072

Taxation and social security

349,821

357,485

Other creditors

551,366

470,979

902,971

855,536

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

55,103

24,674

Between one and five years

192,581

240

247,684

24,914

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

A Russell (Senior Statutory Auditor)

for and on behalf of TTR Barnes Limited

9.	RELATED PARTY DISCLOSURES

2025

2024

£

Associates

Discounted rent received

24,075

16,980

10.	AUDITOR LIABILITY LIMITATION AGREEMENT

The limitation of liability in respect of this audit is 10 times the audit fee which was agreed in our terms of engagement letter dated 1st August 2024.