Millstream Care Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09808704 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

MILLSTREAM CARE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Dr S Ananthram

SECRETARY:

Mrs K Ananthram

REGISTERED OFFICE:

232 Sladepool Farm Road

Birmingham

B14 5EE

REGISTERED NUMBER:

09808704 (England and Wales)

ACCOUNTANTS:

Clive Shedd & Co

Chartered Accountants

232 Sladepool Farm Road

Birmingham

B14 5EE

FIXED ASSETS

Tangible assets

5

851,329

851,329

CURRENT ASSETS

Debtors

6

11,507

9,963

Cash at bank

21,074

9,645

32,581

19,608

CREDITORS

Amounts falling due within one year

7

346,142

856,927

NET CURRENT LIABILITIES

(313,561

)

(837,319

)

TOTAL ASSETS LESS CURRENT LIABILITIES

537,768

14,010

CREDITORS

Amounts falling due after more than one year

8

497,140

-

NET ASSETS

40,628

14,010

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

40,626

14,008

SHAREHOLDERS' FUNDS

40,628

14,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2023 and were signed by:

Dr S Ananthram - Director

1.	STATUTORY INFORMATION

Millstream Care 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.	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.

Significant judgements and estimates

In preparing these financial statements the company's management make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the statement of financial position date and the amounts reported in the income statement for the year under review.

The nature of estimates means that the actual outcome could differ and the company's management consider there are no estimates or assumptions that have a significant risk of causing a material adjustment to the amounts reported for assets and liabilities within the next financial year.

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

The company's practice is to maintain its land and buildings in a continual state of repair and refurbishment such that the residual value is at least equal to its book value. Consequently a depreciation charge is considered to be immaterial.

Tangible fixed assets are initially recorded at cost.

Financial instruments

Basic financial assets and liabilities are initially recognised at transaction price and are subsequently measured at amortised cost.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 November 2021

and 31 October 2022

851,329

NET BOOK VALUE

At 31 October 2022

851,329

At 31 October 2021

851,329

6.

DEBTORS

2022

2021

£

£

Amounts falling due within one year:

Trade debtors

120

981

Other debtors

-

8,870

Prepayments and accrued income

1,647

112

1,767

9,963

Amounts falling due after more than one year:

Prepayments and accrued income

9,740

-

Aggregate amounts

11,507

9,963

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

1,387

1,800

Amounts owed to group undertakings

246,391

271,066

Taxation and social security

6,244

3,286

Other creditors

89,780

579,175

Accruals and deferred income

2,340

1,600

346,142

856,927

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loan over 5 years

497,140

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loan over 5 years

497,140

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

497,140

-

Borrowings are secured by a legal mortgage over the company's land and buildings and by a debenture over the company's assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

2

Ordinary

£1

2

2

11.	ULTIMATE CONTROLLING PARTY