Wellgate Care Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11733935

Wellgate Care Limited

Filleted Unaudited Financial Statements

31 October 2025

Wellgate Care Limited

Financial Statements

Year ended 31 October 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Wellgate Care Limited

Statement of Financial Position

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	35,527	–
Investments	6	1,150,085	123
		------------	----
		1,185,612	123

Current assets

Debtors	7	3,002,236	2,479,182
Cash at bank and in hand		29,607	32,705
		------------	------------
		3,031,843	2,511,887

Creditors: amounts falling due within one year	8	3,787,316	4,641,195
		------------	------------
Net current liabilities		755,473	2,129,308
		------------	------------
Total assets less current liabilities		430,139	( 2,129,185)

Creditors: amounts falling due after more than one year	9	–	4,685
		---------	------------
Net assets/(liabilities)		430,139	( 2,133,870)
		---------	------------

Capital and reserves

Called up share capital	267	267
Profit and loss account	429,872	( 2,134,137)
	---------	------------
Shareholders funds/(deficit)	430,139	( 2,133,870)
	---------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Wellgate Care Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 31 July 2026 , and are signed on behalf of the board by:

S C Hill

Director

Company registration number: 11733935

Wellgate Care Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bedford House Fulham Green, 69-79 Fulham High Street, London, SW6 3JW, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 14 ).

5. Tangible assets

	Freehold property	Motor vehicles	Total
	£	£	£
Cost
At 1 November 2024	–	12,010	12,010
Additions	35,527	–	35,527
	--------	--------	--------
At 31 October 2025	35,527	12,010	47,537
	--------	--------	--------
Depreciation
At 1 November 2024 and 31 October 2025	–	12,010	12,010
	--------	--------	--------
Carrying amount
At 31 October 2025	35,527	–	35,527
	--------	--------	--------
At 31 October 2024	–	–	–
	--------	--------	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 November 2024	123
Additions	1,149,965
Disposals	( 3)
	------------
At 31 October 2025	1,150,085
	------------
Impairment
At 1 November 2024 and 31 October 2025	–
	------------

Carrying amount
At 31 October 2025	1,150,085
	------------
At 31 October 2024	123
	------------

7. Debtors

	2025	2024
	£	£
Trade debtors	240,000	144,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest	131,269	1,306,969
Other debtors	2,630,967	1,028,213
	------------	------------
	3,002,236	2,479,182
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	48,900	13,521
Amounts owed to group undertakings and undertakings in which the company has a participating interest	3,498,027	4,557,604
Social security and other taxes	23,366	–
Other creditors	217,023	70,070
	------------	------------
	3,787,316	4,641,195
	------------	------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	4,685
	----	-------

10. Related party transactions

At the year end the company was owed £2,613,602 (2024: £860,535) by companies associated by common control.

11. Controlling party

The company's ultimate parent company is Wellgate Group Limited . The registered address of the ultimate parent company is Bedford House Fulham Green, 69-79 Fulham High Street, London, United Kingdom, SW6 3JW .