Sunflower Healthcare Huddersfield Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07214719 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Sunflower Healthcare Huddersfield Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

M Shah

R S Patel

H M Shah

REGISTERED OFFICE:

Canjayar

Tydcombe Road

Warlingham

Surrey

CR6 9LU

REGISTERED NUMBER:

07214719 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Investments

5

3,372,364

3,372,364

CURRENT ASSETS

Cash at bank

1,900

1,918

CREDITORS

Amounts falling due within one year

6

333,263

333,262

NET CURRENT LIABILITIES

(331,363

)

(331,344

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,041,001

3,041,020

CREDITORS

Amounts falling due after more than one year

7

3,037,236

3,037,255

NET ASSETS

3,765

3,765

CAPITAL AND RESERVES

Called up share capital

9

1,002

1,002

Retained earnings

2,763

2,763

SHAREHOLDERS' FUNDS

3,765

3,765

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 September 2021 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2022 and were signed on its behalf by:

R S Patel - Director

1.	STATUTORY INFORMATION

Sunflower Healthcare Huddersfield Ltd 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 and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention. The Covid-19 pandemic has adversely impacted on global and UK societies and economies, and this impact has continued into the 2020/2021 financial year. However in the directors' opinion there is no significant uncertainty as to the going concern basis.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Going concern

At 30 September 2021, the company had net current liabilities of £331,363 reflecting the company's acquisition of a subsidiary undertaking in 2010 for a total cost of £3,372,364, financed by long-term borrowings. The bank is continuing to provide full financial support and has no plans to withdraw funding. The subsidiary undertaking is profitable and cash generative and the acquisition debt can be be serviced in full and for this reason the directors have prepared the financial statements on a going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 October 2020

and 30 September 2021

3,372,364

NET BOOK VALUE

At 30 September 2021

3,372,364

At 30 September 2020

3,372,364

The Company's investments at the Balance Sheet date in the share capital of companies include the following:

Huddersfield Nursing Homes Limited

Registered office:

Nature of business: Nursing home

%

Class of shares:

holding

Ordinary

100.00

2021

2020

£

£

Aggregate capital and reserves

2,403,617

2,231,593

Profit for the year

172,024

116,562

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

258,000

258,000

Other creditors

75,263

75,262

333,263

333,262

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

942,889

1,032,948

Amounts owed to group undertakings

1,320,379

1,230,339

Other creditors

773,968

773,968

3,037,236

3,037,255

8.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

1,200,889

1,290,948

The bank loan is secured over the assets of the company and its subsidiary Huddersfield Nursing Homes Limited.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

1,000

Ordinary

£1

1,000

1,000

2

Ordinary B

£1

2

2

1,002

1,002