Registration number:
Prepared for the registrar
for the
Year Ended 30 November 2025
R.B. Healthcare Properties Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
R.B. Healthcare Properties Limited
Company Information
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Directors |
S K Kochhar R Bhatia |
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Registered office |
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Auditors |
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R.B. Healthcare Properties Limited
(Registration number: 13370089)
Balance Sheet as at 30 November 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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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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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Deferred tax liabilities |
(48,136) |
(48,136) |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
45,430 |
21,811 |
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Shareholders' funds |
45,431 |
21,812 |
Approved and authorised by the
Director
Director
R.B. Healthcare Properties Limited
Notes to the Financial Statements for the Year Ended 30 November 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
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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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.
The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.
Name of parent of group
These financial statements are consolidated in the financial statements of R.B. Healthcare Limited.
The financial statements of R.B. Healthcare Limited may be obtained from the company's registered office.
Following a corporate restructure, Sukapras Limited became the company's ultimate parent undertaking as of 17 November 2025.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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.
R.B. Healthcare Properties Limited
Notes to the Financial Statements for the Year Ended 30 November 2025 (continued)
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2 |
Accounting policies (continued) |
Going concern
As disclosed in note 8 to the financial statements the company is party to a financial guarantee contract in
relation to the bank borrowings of its parent company, R.B. Healthcare Limited.
Following the uplift in NHS funding from 1 April 2025, EBITDA has grown year on year which has supported the
companies' ability to service its debt obligations. While this uplift has been welcomed by the sector, the funding
still falls short of what is required. The threat of future interest hikes as a result of on giong geopolitical conflicts
remains a significant risk for the business.
In December 2024, the group agreed new bank covenants with it's bankers and has complied with these
covenants since this date. The directors have forecast that they will remain compliant with the revised bank
covenants over the next 12 months.
As part of the agreement in December 2024, the bank and shareholders provided additional cash facilities as part
of a refinance, which the group have successfully operated within, whilst growing the overall performance.
The directors remain confident the group will continue to operate within its facilities and meet covenant
requirements. On this basis, the directors consider it appropriate to prepare the financial statements on a going
concern basis.
Judgements
No significant judgements have been made by management in preparing these financial statements. |
Key sources of estimation uncertainty
No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for property rental in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax. Rental lease incentives are spread over the period of the lease term.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met.
Tax
The tax expense for the period comprises current tax and deferred 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 income 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.
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the
company. Deferred income 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.
Investment property
R.B. Healthcare Properties Limited
Notes to the Financial Statements for the Year Ended 30 November 2025 (continued)
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2 |
Accounting policies (continued) |
Trade debtors
Trade debtors are amounts due in respect of rental income in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Classification
Recognition and measurement
R.B. Healthcare Properties Limited
Notes to the Financial Statements for the Year Ended 30 November 2025 (continued)
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2 |
Accounting policies (continued) |
Impairment
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investment properties |
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£ |
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At 1 December 2024 and at 30 November 2025 |
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The directors are of the opinion that the fair value of the properties at the balance sheet date has not changed significantly since the date of their acquisition in 2021.
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Debtors |
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2025 |
2024 |
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Trade debtors |
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R.B. Healthcare Properties Limited
Notes to the Financial Statements for the Year Ended 30 November 2025 (continued)
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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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- |
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Amounts due to parent undertakings |
810,051 |
832,694 |
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Accruals and deferred income |
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Other creditors |
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Corporation tax liability |
7,276 |
8,087 |
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Financial commitments, guarantees and contingencies |
Financial guarantee contracts
The company is party to a financial guarantee contract in relation to the bank borrowings of its parent company, R.B. Healthcare Limited, which at 30 November 2025 amounted to £8,727,709 (2024 - £9,853,683). These borrowings are secured by fixed and floating charges over the assets of the company and its parent company and impose a negative pledge which prohibits the company and its parent company from creating any security interests over the property pledged as security.
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Control |
The company's immediate parent is
The most senior parent entity producing publicly available financial statements is
Prior to 17 November 2025, the company's immediate parent was R.B. Healthcare limited. Following a
corporate restructure, Sukapras Limited became the company's ultimate parent undertaking.
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Audit report |