VH Care 1 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15094774

VH Care 1 Limited

Filleted Unaudited Financial Statements

31 August 2025

VH Care 1 Limited

Financial Statements

Year ended 31 August 2025

Contents	Pages

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Balance sheet	2 to 3

Notes to the financial statements	4 to 8

VH Care 1 Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of VH Care 1 Limited

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VH Care 1 Limited for the year ended 31 August 2025, which comprise the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of VH Care 1 Limited in accordance with the terms of our engagement letter dated 23 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of VH Care 1 Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VH Care 1 Limited and its director for our work or for this report.

It is your duty to ensure that VH Care 1 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of VH Care 1 Limited. You consider that VH Care 1 Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of VH Care 1 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MILLER DAVIES LLP Chartered Accountants

A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN

31 July 2026

VH Care 1 Limited

Balance Sheet

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	202,757	228,101
Tangible assets	6	4,785	9,569
		---------	---------
		207,542	237,670

Current assets

Stocks		52,095	38,811
Debtors	7	77,385	95,583
Cash at bank and in hand		21,195	8,392
		---------	---------
		150,675	142,786

Creditors: amounts falling due within one year	8	214,395	142,419
		---------	---------
Net current (liabilities)/assets		( 63,720)	367
		---------	---------
Total assets less current liabilities		143,822	238,037

Creditors: amounts falling due after more than one year	9	248,899	323,250
		---------	---------
Net liabilities		( 105,077)	( 85,213)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 105,078)	( 85,214)
	---------	--------
Shareholders deficit	( 105,077)	( 85,213)
	---------	--------

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 profit and loss account has not been delivered.

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

VH Care 1 Limited

Balance Sheet (continued)

31 August 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:

Mr K. Parekh
Director

Company registration number: 15094774

VH Care 1 Limited

Notes to the Financial Statements

Year ended 31 August 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 A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN.

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.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

	Equipment	-	33% straight line

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 September 2024 and 31 August 2025	253,446
	---------
Amortisation
At 1 September 2024	25,345
Charge for the year	25,344
	---------
At 31 August 2025	50,689
	---------
Carrying amount
At 31 August 2025	202,757
	---------
At 31 August 2024	228,101
	---------

6. Tangible assets

	Equipment
	£
Cost
At 1 September 2024 and 31 August 2025	14,354
	--------
Depreciation
At 1 September 2024	4,785
Charge for the year	4,784
	--------
At 31 August 2025	9,569
	--------
Carrying amount
At 31 August 2025	4,785
	--------
At 31 August 2024	9,569
	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	16,144	29,028
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,635	30,617
Other debtors	59,606	35,938
	--------	--------
	77,385	95,583
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	53,000	53,000
Trade creditors	63,599	61,624
Amounts owed to group undertakings and undertakings in which the company has a participating interest	62,734	–
Social security and other taxes	5,609	3,538
Other creditors	29,453	24,257
	---------	---------
	214,395	142,419
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	246,899	297,250
Trade creditors	2,000	26,000
	---------	---------
	248,899	323,250
	---------	---------

The above includes a loan from National Westminster Bank PLC, which is the subject to a legal charge over the assets of the company.

10. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	92,156	98,210
	--------	--------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	457,685	462,133
	---------	---------

11. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr K. Parekh	30,173	23,009	53,182
	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr K. Parekh	–	30,173	30,173
	----	--------	--------

12. Related party transactions

During the period the company made purchases of £101,150 (2024 - £100,000) from Parekh Optical Limited, a company in which Mr Parekh is a director and shareholder. At the year end the company was owed £174 (2024 - £630) by Parekh Optical Limited. During the year the company made loans to KK UK Investments Limited, a company in which Mr Parekh is a director and shareholder. At the year end the company was owed £747 (2024 - £690) by KK UK Investments Limited. During the year the company made loans to & received loans from VH Care Limited, a company in which Mr Parekh is the sole director and shareholder. At the year end the company owed £62,734 to VH Care Limited (2024 - were owed £29,207).