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REGISTERED NUMBER: 08053390 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ST IVES LODGE CARE LTD

ST IVES LODGE CARE LTD (REGISTERED NUMBER: 08053390)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ST IVES LODGE CARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J Deary
Mrs C Deary





SECRETARY: Mr. J B Dale





REGISTERED OFFICE: The Manor House
Abridge Road
Theydon Bois
Epping
Essex
CM16 7NN





REGISTERED NUMBER: 08053390 (England and Wales)





ACCOUNTANTS: J B Dale, Chartered Accountant
31 Dalehouse Lane
Kenilworth
Warwickshire
CV8 2HW

ST IVES LODGE CARE LTD (REGISTERED NUMBER: 08053390)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,937,409 3,959,867

CURRENT ASSETS
Debtors 5 106,693 56,901
Cash at bank 271,422 356,947
378,115 413,848
CREDITORS
Amounts falling due within one year 6 766,365 1,145,895
NET CURRENT LIABILITIES (388,250 ) (732,047 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,549,159

3,227,820

CREDITORS
Amounts falling due after more than one
year

7

(485,116

)

(547,659

)

PROVISIONS FOR LIABILITIES 8 (35,846 ) (31,092 )
NET ASSETS 3,028,197 2,649,069

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,028,097 2,648,969
SHAREHOLDERS' FUNDS 3,028,197 2,649,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 IVES LODGE CARE LTD (REGISTERED NUMBER: 08053390)

BALANCE SHEET - continued
31 MARCH 2023


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 9 October 2023 and were signed on its behalf by:





J Deary - Director


ST IVES LODGE CARE LTD (REGISTERED NUMBER: 08053390)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

ST IVES LODGE CARE LTD 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

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.

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 53 (2022 - 50 ) .

ST IVES LODGE CARE LTD (REGISTERED NUMBER: 08053390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 3,783,996 562,330 4,346,326
Additions - 24,207 24,207
At 31 March 2023 3,783,996 586,537 4,370,533
DEPRECIATION
At 1 April 2022 - 386,459 386,459
Charge for year - 46,665 46,665
At 31 March 2023 - 433,124 433,124
NET BOOK VALUE
At 31 March 2023 3,783,996 153,413 3,937,409
At 31 March 2022 3,783,996 175,871 3,959,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 88,296 40,487
Other debtors 18,397 16,414
106,693 56,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 61,873 66,035
Trade creditors 92,240 101,107
Taxation and social security 115,741 128,056
Other creditors 496,511 850,697
766,365 1,145,895

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 485,116 547,659

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 192,966 274,535

ST IVES LODGE CARE LTD (REGISTERED NUMBER: 08053390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 35,846 31,092

Deferred
tax
£   
Balance at 1 April 2022 31,092
Credit to Income Statement during year (5,064 )
Corporation Tax Rate increase 9,818
Balance at 31 March 2023 35,846

9. RELATED PARTY DISCLOSURES

The company acquired the partnership of Mr J Deary and Mrs C Deary on 1st June 2014 and assumed all responsibilities for running St Ives Lodge Care Home from that date. Mr J Deary and Mrs C Deary each own 50% of the shares in the company.