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COMPANY REGISTRATION NUMBER: 01261231
Hampton (Burlington Court Care) Limited
Filleted Financial Statements
For the year ended
31 December 2022
Hampton (Burlington Court Care) Limited
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
5
178,974
189,488
Current assets
Debtors
6
716,998
4,861,591
Cash at bank and in hand
57,049
204,927
---------
------------
774,047
5,066,518
Creditors: amounts falling due within one year
7
2,373,286
903,526
------------
------------
Net current (liabilities)/assets
( 1,599,239)
4,162,992
------------
------------
Total assets less current liabilities
( 1,420,265)
4,352,480
Creditors: amounts falling due after more than one year
8
1,300,000
Provisions
( 29,700)
( 84,776)
------------
------------
Net (liabilities)/assets
( 1,390,565)
3,137,256
------------
------------
Capital and reserves
Called up share capital
16,412
16,412
Profit and loss account
( 1,406,977)
3,120,844
------------
------------
Shareholders (deficit)/funds
( 1,390,565)
3,137,256
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 29 September 2023 , and are signed on behalf of the board by:
K U S Sehmi
Director
Company registration number: 01261231
Hampton (Burlington Court Care) Limited
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Burlington House, 369 Wellingborough Road, Northampton, NN1 4EU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern
During the year the company has made a loss and has net liabilities at the statement of financial position date. Support is available by other group companies, who have indicated that they will support the company for the foreseeable future. The directors, having considered the above, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Rochmills (Holdings) Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as disclosed in the accounting policies notes. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as disclosed in the accounting policies notes.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the provision of care home services, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Assets leased to third parties under operating leases are included in property, plant and equipment. Rents receivable from operating leaes are credited to the Statement of Comprehensive Income in accordance with the terms of the lease.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Plant and machinery
-
15-33% Straight Line
Motor vehicles
-
25% reducing balance
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 152 (2021: 152 ).
5. Tangible assets
Freehold property
Plant and machinery
Total
£
£
£
Cost
At 1 January 2022
130,000
3,127,096
3,257,096
Additions
25,008
25,008
---------
------------
------------
At 31 December 2022
130,000
3,152,104
3,282,104
---------
------------
------------
Depreciation
At 1 January 2022
8,003
3,059,605
3,067,608
Charge for the year
2,600
32,922
35,522
---------
------------
------------
At 31 December 2022
10,603
3,092,527
3,103,130
---------
------------
------------
Carrying amount
At 31 December 2022
119,397
59,577
178,974
---------
------------
------------
At 31 December 2021
121,997
67,491
189,488
---------
------------
------------
6. Debtors
2022
2021
£
£
Trade debtors
244,827
220,923
Amounts owed by group undertakings
367,107
4,414,323
Other debtors
105,064
226,345
---------
------------
716,998
4,861,591
---------
------------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
229,984
197,993
Amounts owed to group undertakings
1,845,991
380,119
Social security and other taxes
39,887
68,451
Other creditors
257,424
256,963
------------
---------
2,373,286
903,526
------------
---------
The bank holds security in the form of a debenture creating a fixed and floating charge over the assets of the company.
8. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
1,300,000
----
------------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2022
2021
£
£
Not later than 1 year
648,000
648,000
Later than 1 year and not later than 5 years
2,592,000
2,592,000
Later than 5 years
9,581,523
10,229,523
-------------
-------------
12,821,523
13,469,523
-------------
-------------
10. Contingencies
The company has provided cross guarantees for certain other group companies.
11. Summary audit opinion
The auditor's report for the year dated 30 September 2023 was unqualified .
The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .
12. Controlling party
The company considers Rochmills (Holdings) Limited its ultimate controlling party. Rochmills (Holdings) Limited prepares group consolidated financial statements. The address of the registered office is Burlington House, 369 Wellingborough Road, Northampton, England, NN1 4EU. The controlling party is J S Sehmi.