Angel Healthcare Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03447485 (England and Wales)

Unaudited Financial Statements

for the Period 1 February 2025 to 30 April 2026

for

ANGEL HEALTHCARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Mahtani

REGISTERED OFFICE:

2 Moss Hall Crescent

North Finchley

London

N12 8NY

REGISTERED NUMBER:

03447485 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

3,840,960

4,197,521

Investments

6

1

3,840,962

4,197,523

CURRENT ASSETS

Debtors

7

4,379,461

2,884,026

Cash at bank and in hand

462,402

380,381

4,841,863

3,264,407

CREDITORS

Amounts falling due within one year

8

(786,035

)

(705,259

)

NET CURRENT ASSETS

4,055,828

2,559,148

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,896,790

6,756,671

CREDITORS

Amounts falling due after more than one
year

9

-

(113,218

)

PROVISIONS FOR LIABILITIES

10

(26,436

)

(76,000

)

NET ASSETS

7,870,354

6,567,453

CAPITAL AND RESERVES

Called up share capital

11

2

Revaluation reserve

12

1,251,341

2,218,459

Retained earnings

6,619,011

4,348,992

SHAREHOLDERS' FUNDS

7,870,354

6,567,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 November 2026 and were signed by:

M Mahtani - Director

1.	STATUTORY INFORMATION

Angel Healthcare 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Goodwill, being the amount paid in connection with the acquisition of a business, is being held at cost.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

not provided

Plant & machinery

-

25% straight line

Office equipment

-

25% straight line

Motor vehicle

-

25% straight line

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial assets, 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.

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, bank loans, third party loans, related party loans and investments in non-puttable shares.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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 plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate entity. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Departure from accounting standards

The freehold property is not being depreciated and this is a departure from accounting standards. The directors consider the financial statements remain true and fair on the basis that to depreciate the buildings would be misleading when the buildings are maintained in a good state of repair.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 60 (2025 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 30 April 2026

1

NET BOOK VALUE

At 30 April 2026

1

At 31 January 2025

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST OR VALUATION

At 1 February 2025

4,150,000

13,953

293,936

19,511

4,477,400

Additions

-

1,830

33,094

-

34,924

Disposals

(125,000

)

-

(19,511

)

(144,511

)

Revaluations

(225,000

)

-

(225,000

)

At 30 April 2026

3,800,000

15,783

327,030

-

4,142,813

DEPRECIATION

At 1 February 2025

-

6,976

253,392

19,511

279,879

Charge for period

-

4,908

36,577

-

41,485

Eliminated on disposal

-

(19,511

)

(19,511

)

At 30 April 2026

-

11,884

289,969

-

301,853

NET BOOK VALUE

At 30 April 2026

3,800,000

3,899

37,061

-

3,840,960

At 31 January 2025

4,150,000

6,977

40,544

-

4,197,521

Cost or valuation at 30 April 2026 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

Valuation in 2026

(225,000

)

-

(225,000

)

Valuation in 2017

1,498,530

-

1,498,530

Cost

2,526,470

15,783

327,030

2,869,283

3,800,000

15,783

327,030

4,142,813

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2025

and 30 April 2026

1

NET BOOK VALUE

At 30 April 2026

1

At 31 January 2025

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

279,965

218,257

Amounts owed by group undertakings

3,715,196

-

Other debtors

384,300

2,665,769

4,379,461

2,884,026

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

-

83,596

Trade creditors

64,884

95,612

Taxation and social security

529,279

321,327

Other creditors

191,872

204,724

786,035

705,259

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

-

113,218

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

26,436

76,000

Deferred tax

£

Balance at 1 February 2025

76,000

Accelerated capital allowances

(49,564

)

Balance at 30 April 2026

26,436

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

2

Ordinary

£1

2

12.

RESERVES

Revaluation

reserve

£

At 1 February 2025

2,218,459

Transfers

(967,118

)

At 30 April 2026

1,251,341

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period under review key management personnel were advanced cash and goods valued £1,064,010 and repaid £174,614. At 11 March 2026 the balance on this loan was transferred to the newly appointed parent company. At the balance sheet date key management personnel owed the company £nil (2025: £1,048,299).

Interest of £40,639 (2025: £19,691) was charged on the outstanding balance at a rate of 2.25% & 3.75% per annum.

14.	RELATED PARTY DISCLOSURES

Shine TW33 Limited

On 11 March 2026 the above company took control as the parent company.

As part of the completion process, debtor balances totalling £3,675,196 was transferred to Shine TW33 Limited and the company paid Shine TW33 Limited £40,000.00.

At the balance sheet date Shine TW33 Limited owed the company £3,715,196.

No interest is being charged on this loan. The loan is considered recoverable.