Baron Healthcare (Dalkeith) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC338501 (Scotland)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

FOR

BARON HEALTHCARE (DALKEITH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B B Sodha

B C Sodha

SECRETARY:

B C Sodha

REGISTERED OFFICE:

Caledonia Care Home

7 Sidney Street

Saltcoats

Ayrshire

KA21 5DB

REGISTERED NUMBER:

SC338501 (Scotland)

AUDITORS:

Accumen Business Consultancy Limited

Coventry University

Technology Park

Puma Way

Coventry

CV1 2TT

FIXED ASSETS

Tangible assets

6

-

1,632,601

CREDITORS

Amounts falling due within one year

7

524,103

2,505,240

NET CURRENT LIABILITIES

(524,103

)

(2,505,240

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(524,103

)

(872,639

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(524,104

)

(872,640

)

SHAREHOLDERS' FUNDS

(524,103

)

(872,639

)

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 Board of Directors and authorised for issue on 8 July 2022 and were signed on its behalf by:

B C Sodha - Director

1.	STATUTORY INFORMATION

Baron Healthcare (Dalkeith) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have been made by the directors in preparing these financial statements.

The company makes estimates and assumptions concerning the future which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

The directors have made key assumption in determining the carrying amount of balances receivable from group undertaking after giving consideration to past experience of collecting payments and the financial position of the relevant group undertaking. A different assessment of these considerations may result in different values being determined.

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.

Financial instruments

The company only enters into financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash and cash equivalents, trade and other payables, and loans and borrowings.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are initially measured at fair value.

Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments.

Trade and other debtors

Trade and other debtors are initially recognised at fair value at their nominal amount less impairment losses if due in less than 12 months. Subsequent to initial recognition, trade and other receivables are valued at amortised cost less impairment losses.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits. The cash and cash equivalents are stated at their nominal values, as this approximates to amortised cost.

Other financial liabilities

Other financial liabilities are subsequently measured at amortised cost using the effective interest method.

Loans and borrowings

These are initially recognised at fair value, based upon the nominal amount outstanding. Subsequent to initial recognition, they are recorded at amortised cost. Borrowing costs arising on bank borrowings are expensed as incurred within financial expense using the effective interest method.

Trade and other payables

Trade and other payables are initially recognised at fair value, based upon the nominal amount outstanding. Subsequent to initial recognition, they are recorded at amortised cost.

Impairment of financial assets

For financial assets carried at amortised cost, the amount of the impairment loss recognised is the difference between the asset's carrying amount and the present value of estimated future cash flows.

Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net amount reported in the balance sheet if, and only if, there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.

Taxation

Taxation expense represents the aggregate amount of current tax recognised in the reporting period.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from 'profit before tax' as reported in the profit and loss account 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 current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Revenue recognition

Revenue represents fees receivable on contracts for the provision of residential care. Revenue is recognised on a daily basis as the service is provided.

Going concern

The company is dependent on the financial support from the holding company who have confirmed their continued support for a period of at least twelve months from the date when the financial statements are authorised for issue. On this basis the directors' consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from withdrawal of the holding company's financial support.

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.

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

4.	EMPLOYEES AND DIRECTORS

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

5.	AUDITORS' REMUNERATION

31.7.21

31.7.20

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

1,200

2,000

6.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 August 2020

1,632,601

Disposals

(1,632,601

)

At 31 July 2021

-

NET BOOK VALUE

At 31 July 2021

-

At 31 July 2020

1,632,601

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade creditors

(1

)

-

Amounts owed to group undertakings

501,671

2,480,371

Amounts owed to participating interests

20,433

20,433

Other creditors

2,000

4,436

524,103

2,505,240

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.21

31.7.20

value:

£

£

1

Ordinary shares of £1 each

1

1

1

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

T Saran (Senior Statutory Auditor)

for and on behalf of Accumen Business Consultancy Limited

10.	RELATED PARTY DISCLOSURES

The company is under the control of B C Sodha and his family.

The company is a wholly owned subsidiary company of Handsale Limited.

Handsale Limited has provided financial support to the company and meets the liabilities of the company as and when they fall due.

11.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is B C Sodha.

The ultimate controlling party is the director, B C Sodha and his family.

The parent company is Handsale Limited, a company incorporated in England and Wales.

The entity's place of business is Land at Dalkeith, 41 Newmills Road Dalkeith Midlothian EH22.

Group accounts are prepared for Handsale Limited and are available from the registered office of Handsale Limited at -

3rd Floor Westbury House

23-25 Bridge Street

Pinner

Middlesex

HA5 3HR