Nobilis Care East Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07170611 (England and Wales)

Financial Statements

for the Period 31 January 2022 to 31 December 2022

for

Nobilis Care East Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D E Watt

M Jennings

C K Donald

SECRETARY:

J C Landucci-Harmey

REGISTERED OFFICE:

Crown House,

Stephenson Road,

Severalls Industrial Park

Colchester

CO4 9QR

REGISTERED NUMBER:

07170611 (England and Wales)

AUDITORS:

Johnston Wood Roach Limited

Statutory Auditor

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

FIXED ASSETS

Intangible assets

4

243,750

-

Tangible assets

5

1,434

-

Investments

6

63,812

-

308,996

-

CURRENT ASSETS

Debtors

7

517,724

892,030

Cash at bank

241,605

46,074

759,329

938,104

CREDITORS

Amounts falling due within one year

8

1,656,082

1,251,542

NET CURRENT LIABILITIES

(896,753

)

(313,438

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(587,757

)

(313,438

)

CREDITORS

Amounts falling due after more than one year

9

-

35,802

NET LIABILITIES

(587,757

)

(349,240

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(587,857

)

(349,340

)

(587,757

)

(349,240

)

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 20 December 2023 and were signed on its behalf by:

D E Watt - Director

1.	STATUTORY INFORMATION

Nobilis Care East 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Preparation of consolidated financial statements

The financial statements contain information about Nobilis Care East Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Cera Care Limited, Crown House, Stephenson Road, Severalls Industrial Park, Colchester, CO4 9QR.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Computer equipment

-

Depreciated on cost over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

At the year end the company had net liabilities of £578,366 (January 2022: £349,240), which has arisen because of the loans owed to connected companies. The directors confirm that the company will have the support of the group for a period of not less than twelve months from the date the accounts are approved, and on this basis the directors consider that it is appropriate to use the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 195 (2022 - 112 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

250,000

At 31 December 2022

250,000

AMORTISATION

Charge for period

6,250

At 31 December 2022

6,250

NET BOOK VALUE

At 31 December 2022

243,750

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,666

At 31 December 2022

1,666

DEPRECIATION

Charge for period

232

At 31 December 2022

232

NET BOOK VALUE

At 31 December 2022

1,434

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

63,812

At 31 December 2022

63,812

NET BOOK VALUE

At 31 December 2022

63,812

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

30.1.22

£

£

Trade debtors

135,745

289,036

Amounts owed by group undertakings

15,250

411,041

Other debtors

366,729

191,953

517,724

892,030

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

30.1.22

£

£

Bank loans and overdrafts

-

10,649

Trade creditors

50,963

9,843

Amounts owed to group undertakings

1,304,235

753,660

Taxation and social security

(3,194

)

271,974

Other creditors

304,078

205,416

1,656,082

1,251,542

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

30.1.22

£

£

Bank loans

-

35,802

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.22

30.1.22

£

£

Invoice Discounting

-

75,105

Debts are secured by way of fixed and floating charges, in favour of Lloyds Bank Commercial Finance LTD, over all property or undertaking of the company.

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

The Report of the Auditors was unqualified.

K S Wood (Senior Statutory Auditor)

for and on behalf of Johnston Wood Roach Limited

12.	CONTINGENT LIABILITIES

The company has given cross guarantees over their assets relating to the borrowing of the parent company. The guarantee was put in place on 20 December 2022. The outstanding loan balance at 31 December 2022 can be found in the financial statements of the smallest group in which the company's results are consolidated is that of Cera Care Limited whose registered office address is; Crown House, Stephenson Road, Severalls Industrial Park, Colchester, CO4 9Q, company number: 09874278.