Platinum Services for Children (Residential Care) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03652031

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		619,360		299,249

			619,360		299,249
CURRENT ASSETS
Debtors	5	106,493		85,275
Cash at bank and in hand		27,565		707

		134,058		85,982
Creditors: Amounts Falling Due Within One Year	6	(219,142 )		(307,408 )

NET CURRENT ASSETS (LIABILITIES)			(85,084 )		(221,426 )

TOTAL ASSETS LESS CURRENT LIABILITIES			534,276		77,823

Creditors: Amounts Falling Due After More Than One Year	7		(703,416 )		(758,578 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(83,188 )		-

NET LIABILITIES			(252,328 )		(680,755 )

CAPITAL AND RESERVES
Called up share capital	9		184,075		184,075
Revaluation reserve	10		249,563		-
Profit and Loss Account			(685,966 )		(864,830 )

SHAREHOLDERS' FUNDS			(252,328)		(680,755)

Page 1

Page 2

Platinum Services for Children (Residential Care) Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Leonard Pattinson

Director

5 August 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Platinum Services for Children (Residential Care) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03652031 . The registered office is Union House, 111 New Union Street, Coventry, CV1 2NT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets other than freehold land and property are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on Revalued amount
Motor Vehicles	20% on Cost

Freehold land and property held and used in the company's own activities or for administrative purposes are stated at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the balance sheet.

Any revaluation increase or decrease on freehold land and property is credited to the revaluation reserve in ‘other reserves’ net of deferred tax.

Depreciation on revalued property is charged to profit or loss so as to write off their value, less residual value, over their estimated useful life of 50 years, using the straight-line method.

Once a revalued property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation reserve is transferred to retained earnings. No transfer is made from the revaluation reserve to retained earnings unless an asset is derecognised.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

Platinum Services for Children (Residential Care) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2024: 28)

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Total
	£	£	£
Cost or Valuation
As at 1 May 2024	299,249	33,653	332,902
Revaluation	332,751	-	332,751

As at 30 April 2025	632,000	33,653	665,653

Depreciation
As at 1 May 2024	-	33,653	33,653
On revaluations	12,640	-	12,640

As at 30 April 2025	12,640	33,653	46,293

Net Book Value
As at 30 April 2025	619,360	-	619,360

As at 1 May 2024	299,249	-	299,249

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	38,606	43,114
Prepayments and accrued income	40,220	27,420
Other debtors	24,957	14,741
Amounts owed by group undertakings	2,710	-

	106,493	85,275

Page 4

Page 5

Platinum Services for Children (Residential Care) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	54,773	51,630
Bank loans and overdrafts	72,020	91,251
Corporation tax	-	5,944
Other taxes and social security	83,470	78,000
Other creditors	7,979	10,067
Accruals and deferred income	900	18,500
Amounts owed to group undertakings	-	52,016

	219,142	307,408

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	492,818	546,032
Other taxes and social security	210,598	210,598
Other creditors	-	1,948

	703,416	758,578

Santander holds a fixed and floating charge over all the property or undertaking of Platinum Services for Children (Residential Care) Limited.

Shawbrook Bank Limited holds a fixed charge over all the property or undertaking of Platinum Services for Children (Residential Care) Limited.

Aggregate amounts of £421,000 (2024 : £421,010) fall due after five years and are payable otherwise than by instalments.

8. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	564,838		636,859

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	184,075	184,075

10. Reserves

	Revaluation Reserve
	£
Surplus on revaluation	249,563

As at 30 April 2025	249,563

11. Related Party Transactions

Included in debtors due within one year is a balance of £2,710 due from the parent company, B A Bandicoot Limited (2024: £nil).

Page 5

Page 6

Platinum Services for Children (Residential Care) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

12. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is B A Bandicoot Limited . B A Bandicoot Limited was incorporated in England & Wales. The ultimate controlling party is Leonard James Pattinson .

Page 6