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REGISTERED NUMBER: 11658829 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

ST VINCENTS RETIREMENT HOME LIMITED

ST VINCENTS RETIREMENT HOME LIMITED (REGISTERED NUMBER: 11658829)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ST VINCENTS RETIREMENT HOME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTORS: Ms D M Radcliffe
Mr P C Jordan





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 11658829 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

ST VINCENTS RETIREMENT HOME LIMITED (REGISTERED NUMBER: 11658829)

BALANCE SHEET
30 NOVEMBER 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,250 41,250
Tangible assets 5 17,614 23,952
53,864 65,202

CURRENT ASSETS
Debtors 6 87,796 48,980
Cash at bank and in hand 14,086 63,225
101,882 112,205
CREDITORS
Amounts falling due within one year 7 154,770 207,791
NET CURRENT LIABILITIES (52,888 ) (95,586 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

976

(30,384

)

CREDITORS
Amounts falling due after more than one
year

8

65,391

31,736
NET LIABILITIES (64,415 ) (62,120 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (64,515 ) (62,220 )
SHAREHOLDERS' FUNDS (64,415 ) (62,120 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

ST VINCENTS RETIREMENT HOME LIMITED (REGISTERED NUMBER: 11658829)

BALANCE SHEET - continued
30 NOVEMBER 2021


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 and authorised for issue by the Board of Directors and authorised for issue on 12 September 2022 and were signed on its behalf by:





Ms D M Radcliffe - Director


ST VINCENTS RETIREMENT HOME LIMITED (REGISTERED NUMBER: 11658829)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

St Vincents Retirement Home 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. 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 show a net liability and a net current liability position at the balance sheet date. This position is principally due to loans from connected companies and directors. The connected companies and directors can demand repayment of these loans at anytime but will only seek repayment if the company has sufficient funds to do so. On this basis, the directors have prepared the financial statements on the going concern basis.

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 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and Straight line over 3 years

Taxation
Taxation for the year 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 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.

ST VINCENTS RETIREMENT HOME LIMITED (REGISTERED NUMBER: 11658829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2020 - 49 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2020
and 30 November 2021 50,000
AMORTISATION
At 1 December 2020 8,750
Charge for year 5,000
At 30 November 2021 13,750
NET BOOK VALUE
At 30 November 2021 36,250
At 30 November 2020 41,250

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020
and 30 November 2021 29,316
DEPRECIATION
At 1 December 2020 5,364
Charge for year 6,338
At 30 November 2021 11,702
NET BOOK VALUE
At 30 November 2021 17,614
At 30 November 2020 23,952

ST VINCENTS RETIREMENT HOME LIMITED (REGISTERED NUMBER: 11658829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade debtors 24,302 -
Other debtors 63,494 48,980
87,796 48,980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans and overdrafts 19,639 12,139
Trade creditors 1 1,293
Taxation and social security 14,182 33,600
Other creditors 120,948 160,759
154,770 207,791

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.21 30.11.20
£    £   
Bank loans 65,391 31,736

Within bank loans noted above is £50,000 relating to a Bounce Back loan.

9. RELATED PARTY DISCLOSURES

The aggregate amount the company owed to connected companies at the balance sheet date was £32,626 (30.11.20: owed by £58,000).

The aggregate amount the company owed to the directors at the balance sheet date was £2,830 (30.11.20: £22,940).

During the year the company paid rent to connected companies totalling £68,004 (30.11.20: £68,004).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms D M Radcliffe.