REGAL CARE (WORCESTER) LIMITED

REGAL CARE (WORCESTER) LIMITED

REGAL CARE (WORCESTER) LIMITED - Company Information

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REGAL CARE (WORCESTER) LIMITED

Company Registration Number:
03636330 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

REGAL CARE (WORCESTER) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

REGAL CARE (WORCESTER) LIMITED

Balance sheet

As at 31 December 2022


Notes
2022
2021


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 519,870 481,170
Investments:   0 0
Total fixed assets: 519,870 481,170
Current assets
Stocks: 1,500 1,500
Debtors:   688,062 870,228
Cash at bank and in hand: 15,363 27,088
Investments:   0 0
Total current assets: 704,925 898,816
Creditors: amounts falling due within one year:   (171,000) (168,128)
Net current assets (liabilities): 533,925 730,688
Total assets less current liabilities: 1,053,795 1,211,858
Creditors: amounts falling due after more than one year:   (825,000) (825,000)
Provision for liabilities: 0 0
Total net assets (liabilities): 228,795 386,858
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 228,793 386,856
Shareholders funds: 228,795 386,858

The notes form part of these financial statements

REGAL CARE (WORCESTER) LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 September 2023
and signed on behalf of the board by:

Name: R.S. Takhar
Status: Director

The notes form part of these financial statements

REGAL CARE (WORCESTER) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

REGAL CARE (WORCESTER) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 32 29

REGAL CARE (WORCESTER) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 925,795
Additions 75,671
At 31 December 2022 1,001,466
Depreciation
At 01 January 2022 444,625
Charge for year 36,971
At 31 December 2022 481,596
Net book value
At 31 December 2022 519,870
At 31 December 2021 481,170

REGAL CARE (WORCESTER) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Related party transactions

Name of the related party: Automatic Sales Limited
Relationship:
Management fees
Description of the Transaction: During the year the company paid management fees of £21,600 to Automatic sales Limited, a company in which on of the Director has a participating interest. The transactions was considered to be at arm's length.
£
Balance at 01 January 2022 223,800
Balance at 31 December 2022 245,400
Name of the related party: As per detail below
Relationship:
Related Party
Description of the Transaction: Regal Care Limited - YE 2022 - 476,054 YE 2021 476,054Regal Care (Liverpool) Limited - YE 2022 - 201,094 YE 2021 201,094Stonnall Care Limited - YE 2022 - 111,880 YE 2021 111,880Regal Care (Darlaston) Limited - YE 2022 - 39,620 YE 2021 37,000Art Hotels Limited - YE 2022 - NIL YE 2021 140,020Regal Care (Stoke) Limited - YE 2022 - 32,385 YE 2021 90,385
£
Balance at 01 January 2022 1,056,433
Balance at 31 December 2022 861,033

Included within creditors due within one year is amount £54,116 (2021: £51,443) due to the director Mr Ravi Takhar. The loan is on interest free basis.Included within creditors due more than one year is amount £825,000 (2021: £825,000) due to the director Mr Ravi Takhar. The loan is on interest free basis.The inter company loans have been netted off so as to show the net amount due or outstanding as at the balance sheet date.