Year Ended
Registration number:
Kingsley Healthcare (Bournemouth) Limited
Contents
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Balance Sheet |
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Notes to the Financial Statements |
Kingsley Healthcare (Bournemouth) Limited
Balance Sheet
30 September 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors (including £232,503 due after more than one year (2024 - £2,093,162)) |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
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( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' (deficit)/funds |
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These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 10490102
Kingsley Healthcare (Bournemouth) Limited
Notes to the Financial Statements
Year Ended 30 September 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
The business address is the same as the registered office address, although the entity operates a care home in Bournemouth, England.
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
At the year end date, the company had net liabilities of £84,223 (2024 - net assets £87,721).
The directors believe, with the support of the parent company and the directors, the company has sufficient working capital to continue to trade for the foreseeable future. Therefore the directors continue to adopt a going concern basis in preparing the financial statements.
Kingsley Healthcare (Bournemouth) Limited
Notes to the Financial Statements
Year Ended 30 September 2025
Key accounting judgements and sources of estimation uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key estimates that have a significant effect on the amounts recognised in the financial statements are described below:
Group recharges
Cost re-allocations are required in order to fairly reflect the cost of management services borne by group companies and entities under common control. These are based on judgemental estimates of the proportion of management time spent in areas of the business which are different from where the payroll cost is originally processed, and where joint contracts of employment are in place.
Intercompany loan interest
The business trades as part of a group. In addition to recharges of central costs and other trading settlements, management charges are raised to reflect the cost of funding arranged at a group level. Significant balances with group and other connected parties arise, these balances are due after more than one year. The lending company charges interest on these loans using a market rate for an equivalent third party loan.
The carrying value of amounts owed to/from group companies and entities under common control can be found in note 6 and 7.
Management are required to make estimates as to the outflow of economic benefits which will be required to settle an obligation in making provisions.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company's activities.
Income relates to monies received for the provision of care home services and is recognised on a straight line basis over the period of residence.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Kingsley Healthcare (Bournemouth) Limited
Notes to the Financial Statements
Year Ended 30 September 2025
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Leasehold property |
2% straight line |
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Furniture, fittings and equipment |
20-100% straight line |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Kingsley Healthcare (Bournemouth) Limited
Notes to the Financial Statements
Year Ended 30 September 2025
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Loans with group and entities under common control; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when a company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are
cancelled.
Except for loans with group and entities under common control, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Loans with group and entities under common control are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Kingsley Healthcare (Bournemouth) Limited
Notes to the Financial Statements
Year Ended 30 September 2025
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Tangible assets |
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Land and buildings |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 October 2024 |
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Additions |
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Disposals |
- |
( |
( |
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At 30 September 2025 |
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Depreciation |
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At 1 October 2024 |
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Charge for the year |
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Eliminated on disposal |
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( |
( |
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At 30 September 2025 |
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Carrying amount |
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At 30 September 2025 |
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At 30 September 2024 |
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Included within the net book value of land and buildings above is £165,868 (2024 - £168,013) in respect of leasehold land and buildings.
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Stocks |
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2025 |
2024 |
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Other inventories |
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Kingsley Healthcare (Bournemouth) Limited
Notes to the Financial Statements
Year Ended 30 September 2025
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Amounts due from group undertakings |
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Other debtors |
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Prepayments and accrued income |
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Less non-current portion |
( |
( |
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204,480 |
141,088 |
Details of non-current trade and other debtors
£232,503 (2024 - £2,091,082) of amounts due from group undertakings is classified as non current.
£Nil (2024 - £2,080) of amounts owed from connected companies, included in other debtors, is classified as non current.
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Creditors |
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2025 |
2024 |
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Due within one year |
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Trade creditors |
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Social security and other taxes |
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Outstanding defined contribution pension costs |
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Other creditors |
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Accrued expenses |
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Corporation tax |
99,459 |
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Due after one year |
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Amounts owed to group undertakings |
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Amounts owed to connected parties |
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1,698,853 |
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544,729 |
2,120,099 |
Kingsley Healthcare (Bournemouth) Limited
Notes to the Financial Statements
Year Ended 30 September 2025
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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Share Capital of £1 each |
2 |
2 |
2 |
2 |
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Dividends |
Interim dividends paid
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2025 |
2024 |
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Interim dividend of £ |
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Financial commitments, guarantees and contingencies |
The company is party to a cross guarantee with related parties in favour of Coutts & Co. The bank borrowings are secured by a charge over the freehold properties owned by the related parties.
The bank borrowing of the companies at the balance sheet date amounted to:
Parent company and fellow subsidiaries £Nil (2024 - £Nil)
Other related parties £49,580,954 (2024 - £48,363,396)
Included within the tangible fixed assets NBV of £275,783 is £94,659 (2024 - £103,893) relating to assets held under hire purchase agreements payable by Kingsley Care Homes Limited, a company under common control. The depreciation charged to the financial statements in the year in respect of such assets amounted to £8,924 (2024 - £11,993).
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Related party transactions |
The company has taken advantage of the exemption provided by FRS 102 to not disclose transactions entered in to between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
Summary of transactions with other related parties
Kingsley Healthcare (Bournemouth) Limited
Notes to the Financial Statements
Year Ended 30 September 2025
Expenditure with and payables to related parties
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2025 |
Entities under common control |
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Rendering of services |
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2024 |
Entities under common control |
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Rendering of services |
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Loans to related parties
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2025 |
Entities under common control |
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At start of period |
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Advanced |
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Repaid |
( |
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At end of period |
- |
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2024 |
Entities under common control |
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At start of period |
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Advanced |
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Repaid |
( |
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At end of period |
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Terms of loans to related parties
Kingsley Healthcare (Bournemouth) Limited
Notes to the Financial Statements
Year Ended 30 September 2025
Loans from related parties
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2025 |
Entities under common control |
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At start of period |
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Advanced |
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Repaid |
( |
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At end of period |
- |
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2024 |
Entities under common control |
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At start of period |
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Advanced |
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Repaid |
( |
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At end of period |
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Terms of loans from related parties
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is
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Audit report |