Monarch Healthcare (Hb) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 13239535 (England and Wales)

Financial Statements

for the Period

2 March 2021 to 31 March 2022

for

MONARCH HEALTHCARE (HB) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Hiten Shanghavi

Angela Bir

REGISTERED OFFICE:

Clifton Manor Care Complex Rivergreen

Clifton

Nottingham

Nottinghamshire

NG11 8AW

REGISTERED NUMBER:

13239535 (England and Wales)

AUDITORS:

Brindleys Limited

Statutory Auditors

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

FIXED ASSETS

Tangible assets

4

1,775,978

CURRENT ASSETS

Stocks

2,855

Debtors

214,696

Cash at bank and in hand

116,765

334,316

CREDITORS

Amounts falling due within one year

270,815

NET CURRENT ASSETS

63,501

TOTAL ASSETS LESS CURRENT LIABILITIES

1,839,479

CREDITORS

Amounts falling due after more than one year

(1,810,000

)

PROVISIONS FOR LIABILITIES

(3,207

)

NET ASSETS

26,272

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

26,172

26,272

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 Balance Sheet for the period ended 31 March 2022 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 19 December 2022 and were signed on its behalf by:

Angela Bir - Director

1.	STATUTORY INFORMATION

Monarch Healthcare (Hb) 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.

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.

Turnover

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

Tangible fixed assets

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 76 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,777,853

At 31 March 2022

1,777,853

DEPRECIATION

Charge for period

1,875

At 31 March 2022

1,875

NET BOOK VALUE

At 31 March 2022

1,775,978

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

The Report of the Auditors was unqualified.

Mr Kulwinder Singh Chawla F.C.C.A (Senior Statutory Auditor)

for and on behalf of Brindleys Limited

6.	RELATED PARTY DISCLOSURES

The current long term liability of £1,810,000 is due to Monarch Healthcare Ltd which is a related party transaction and no terms are attached to this amount.

7.	POST BALANCE SHEET EVENTS

There have been no significant post balance sheet events