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REGISTERED NUMBER: 03672027 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Bluebell Care Homes Limited

Bluebell Care Homes Limited (Registered number: 03672027)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bluebell Care Homes Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: B A Lewis
K S Lewis
M J Newman
S A Newman





SECRETARY: K S Lewis





REGISTERED OFFICE: 18 Carden Avenue
Patcham
Brighton
East Sussex
BN1 8NA





REGISTERED NUMBER: 03672027 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Bluebell Care Homes Limited (Registered number: 03672027)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,261,305 1,294,351

CURRENT ASSETS
Stocks 650 650
Debtors 5 4,907 2,277
Cash at bank and in hand 207,355 531,718
212,912 534,645
CREDITORS
Amounts falling due within one year 6 248,545 242,612
NET CURRENT (LIABILITIES)/ASSETS (35,633 ) 292,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,225,672

1,586,384

PROVISIONS FOR LIABILITIES 4,308 4,758
NET ASSETS 1,221,364 1,581,626

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,221,264 1,581,526
1,221,364 1,581,626

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

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

The directors acknowledge their 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.

Bluebell Care Homes Limited (Registered number: 03672027)

Balance Sheet - continued
31 March 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2022 and were signed on its behalf by:





M J Newman - Director


Bluebell Care Homes Limited (Registered number: 03672027)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Bluebell Care Homes 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 (£).


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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. However, we draw your attention to note 10.

Turnover
Turnover represents net invoiced sales of services.

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

Freehold property- 2% straight line
Fixtures & fittings- 10% straight line
Computer equipment- 25% straight line

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Bluebell Care Homes Limited (Registered number: 03672027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2021 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021 1,802,474 328,400 1,723 2,132,597
Additions - 2,450 - 2,450
At 31 March 2022 1,802,474 330,850 1,723 2,135,047
DEPRECIATION
At 1 April 2021 542,070 294,883 1,293 838,246
Charge for year 29,076 5,990 430 35,496
At 31 March 2022 571,146 300,873 1,723 873,742
NET BOOK VALUE
At 31 March 2022 1,231,328 29,977 - 1,261,305
At 31 March 2021 1,260,404 33,517 430 1,294,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 3,714 1,729
Other debtors 1,193 548
4,907 2,277

Bluebell Care Homes Limited (Registered number: 03672027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 37,622 30,223
Taxation and social security 55,504 58,783
Other creditors 155,419 153,606
248,545 242,612

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.22 31.3.21
£    £   
Within one year 4,824 4,740
Between one and five years 14,472 18,960
19,296 23,700

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors due after one year includes a loan of £130,000 (2021: £130,000) from K S Lewis, a director. Interest is charged at 10% (2021: 10%) on the outstanding balance and there are no fixed repayment terms. During the year interest totalling £13,000 (2021: £13,000) was paid to K S Lewis.

9. POST BALANCE SHEET EVENTS

Following the year end, the Director's have been assessing the companies ability to continue providing care home services, due to the constraint of staff shortages and the excess of care beds in the area in which the company operates. Subsequently, the Director's have taken the decision to cease the care home trade and are now looking at options regarding the companies future trading operations. Whilst there is doubt as to the companies going concern, the accounts were prepared on this basis and no adjustments are required to be made to the carrying values of assets and liabilities in the balance sheet.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of K S Lewis.