REGISTERED NUMBER: 05211787 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

BESTCARE LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Pattani

Dr R Pandya

SECRETARY:

Mr M Pattani

REGISTERED OFFICE:

2 Edgeley Close

Heathley Park

Leicester

Leicestershire

LE3 9EX

REGISTERED NUMBER:

05211787 (England and Wales)

ACCOUNTANTS:

R Pau & Co Limited

Chartered Certified Accountants

12-16 Station Street East

Coventry

West Midlands

CV6 5FJ

BANKERS:

Lloyds TSB Bank plc

7 High Street

Leicester

Leicestershire

LE1 9FS

FIXED ASSETS

Intangible assets

4

95,564

129,292

Tangible assets

5

3,832,593

4,006,821

3,928,157

4,136,113

CURRENT ASSETS

Stocks

6,427

6,103

Debtors

262,691

213,829

Cash at bank and in hand

759,827

949,711

1,028,945

1,169,643

CREDITORS

Amounts falling due within one year

405,493

455,674

NET CURRENT ASSETS

623,452

713,969

TOTAL ASSETS LESS CURRENT LIABILITIES

4,551,609

4,850,082

CREDITORS

Amounts falling due after more than one year

(1,285,930

)

(1,484,519

)

PROVISIONS FOR LIABILITIES

(97,924

)

(108,409

)

NET ASSETS

3,167,755

3,257,154

CAPITAL AND RESERVES

Called up share capital

7

100

100

Revaluation reserve

8

794,232

794,232

Retained earnings

2,373,423

2,462,822

SHAREHOLDERS' FUNDS

3,167,755

3,257,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

Mr M Pattani - Director

Dr R Pandya - Director

1.	STATUTORY INFORMATION

Bestcare 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.

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 represents gross fees from residential and nursing care and is measured at the fair value of the consideration received.

Turnover from receipt of gross fees received is recognised as they fall due from patient stay. This is when significant risks and rewards of ownership of the services have transferred to the patient, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill represents the excess value on the purchase of the residential and nursing freehold at 107 Leicester Road, Wigston (Willows court), 120 Armadale House, Netherhall (Vishram Ghar) and Ellesmere House, Churchill.

Goodwill has been valued individually at £320,000, £100,000 and £125,000 respectively and is amortised on a straight line basis over 20 years.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Plant and machinery - 25% on reducing balance

Motor vehicles - 25% on reducing balance

Freehold property has not been depreciated because it is assumed to have an unlimited useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Loans and borrowings

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2024 - 69 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1st April 2024

545,000

Revaluations

24,834

At 31st March 2025

569,834

AMORTISATION

At 1st April 2024

440,542

Amortisation for year

33,728

At 31st March 2025

474,270

NET BOOK VALUE

At 31st March 2025

95,564

At 31st March 2024

104,458

Cost or valuation at 31st March 2025 is represented by:

Totals

£

Valuation in 2025

569,834

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1st April 2024

6,027,823

Additions

87,921

Disposals

(6,250

)

At 31st March 2025

6,109,494

DEPRECIATION

At 1st April 2024

2,017,738

Charge for year

264,301

Eliminated on disposal

(5,138

)

At 31st March 2025

2,276,901

NET BOOK VALUE

At 31st March 2025

3,832,593

At 31st March 2024

4,010,085

Cost or valuation at 31st March 2025 is represented by:

Totals

£

Valuation in 2025

6,122,546

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

IMPROVEMENTS TO PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

360,146

Additions

30,451

390,597

CLIENT SCREEN TOTAL

=

403,649

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,464,705

1,636,799

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Revaluation

reserve

£

At 1st April 2024

and 31st March 2025

794,232