Company No: 09468076 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr P E J Wintershoven
	Mrs M E W Wintershoven-Kramer

REGISTERED OFFICE	Sigma House Oak View Close
	Edginswell Park
	Torquay
	TQ2 7FF
	United Kingdom

BUSINESS ADDRESS	The Beeches Nursing Home
	22 St Georges Road
	Hayle
	Cornwall
	TR27 4AH

COMPANY NUMBER

09468076 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Sigma House
	Oak View Close
	Edginswell Park
	Torquay
	TQ2 7FF

	Note	2023		2022
		£		£
Fixed assets
Intangible assets	3	201,605		280,665
Tangible assets	4	1,101,241		1,083,668
		1,302,846		1,364,333
Current assets
Stocks		5,000		5,000
Debtors	5	172,208		91,471
Cash at bank and in hand		1,141,320		887,184
		1,318,528		983,655
Creditors: amounts falling due within one year	6	( 233,528)		( 243,460)
Net current assets		1,085,000		740,195
Total assets less current liabilities		2,387,846		2,104,528
Creditors: amounts falling due after more than one year	7	( 703,701)		( 742,897)
Provision for liabilities	8	( 16,576)		( 12,074)
Net assets		1,667,569		1,349,557
Capital and reserves
Called-up share capital	9	2		2
Profit and loss account		1,667,567		1,349,555
Total shareholder's funds		1,667,569		1,349,557

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Orange Care Limited (registered number: 09468076) were approved and authorised for issue by the Board of Directors on 18 April 2024. They were signed on its behalf by:

Mrs M E W Wintershoven-Kramer Director

Mr P E J Wintershoven Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Orange Care Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is The Beeches Nursing Home, 22 St Georges Road, Hayle, Cornwall, TR27 4AH.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Fixtures and fittings	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	48		48

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 September 2022	790,604		790,604
At 31 August 2023	790,604		790,604
Accumulated amortisation
At 01 September 2022	509,939		509,939
Charge for the financial year	79,060		79,060
At 31 August 2023	588,999		588,999
Net book value
At 31 August 2023	201,605		201,605
At 31 August 2022	280,665		280,665

4. Tangible assets

	Land and buildings		Fixtures and fittings		Total
	£		£		£
Cost
At 01 September 2022	1,042,360		121,962		1,164,322
Additions	0		37,200		37,200
At 31 August 2023	1,042,360		159,162		1,201,522
Accumulated depreciation
At 01 September 2022	0		80,654		80,654
Charge for the financial year	0		19,627		19,627
At 31 August 2023	0		100,281		100,281
Net book value
At 31 August 2023	1,042,360		58,881		1,101,241
At 31 August 2022	1,042,360		41,308		1,083,668

5. Debtors

	2023		2022
	£		£
Trade debtors	153,838		78,008
Other debtors	18,370		13,463
	172,208		91,471

6. Creditors: amounts falling due within one year

	2023		2022
	£		£
Bank loans	45,618		47,154
Trade creditors	12,347		34,688
Taxation and social security	124,994		112,973
Other creditors	50,569		48,645
	233,528		243,460

7. Creditors: amounts falling due after more than one year

	2023		2022
	£		£
Bank loans	703,701		742,897

Bank loans are secured upon the assets owned by the company.

8. Provision for liabilities

	2023		2022
	£		£
Deferred tax	16,576		12,074

9. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary A shares shares of £ 0.001 each	1		1
1,000 Ordinary B shares shares of £ 0.001 each	1		1
	2		2

10. Ultimate controlling party

Parent Company:

Orange Care Holdings BV

Prinses Marielaan 32 Wassenaar 2242 CL Netherlands