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REGISTERED NUMBER: 11863980 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

New Horizons Children's Homes Limited

New Horizons Children's Homes Limited (Registered number: 11863980)






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


New Horizons Children's Homes Limited

Company Information
for the Year Ended 31 March 2023







Directors: Mrs C Thorne
Ms L Aaron
S Williams





Secretary:





Registered office: Thermal House
Ty With
Maesteg
Bridgend
CF34 0BY





Registered number: 11863980 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
9 Court Road
Bridgend
CF31 1BE

New Horizons Children's Homes Limited (Registered number: 11863980)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 69,691 88,011

Current assets
Debtors 5 24,260 11,803
Cash at bank and in hand 90,923 80,806
115,183 92,609
Creditors
Amounts falling due within one year 6 53,331 43,485
Net current assets 61,852 49,124
Total assets less current liabilities 131,543 137,135

Creditors
Amounts falling due after more than one year 7 85,839 106,115
Net assets 45,704 31,020

Capital and reserves
Called up share capital 3 3
Retained earnings 45,701 31,017
45,704 31,020

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.

New Horizons Children's Homes Limited (Registered number: 11863980)

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:





Mrs C Thorne - Director


New Horizons Children's Homes Limited (Registered number: 11863980)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

New Horizons Children's 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.

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.
Plant and machinery etc - 33% on cost and 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 16 (2022 - 18 ) .

New Horizons Children's Homes Limited (Registered number: 11863980)

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 18,621 92,404 111,025
Additions - 13,319 13,319
Disposals - (21,600 ) (21,600 )
At 31 March 2023 18,621 84,123 102,744
Depreciation
At 1 April 2022 372 22,642 23,014
Charge for year 373 17,682 18,055
Eliminated on disposal - (8,016 ) (8,016 )
At 31 March 2023 745 32,308 33,053
Net book value
At 31 March 2023 17,876 51,815 69,691
At 31 March 2022 18,249 69,762 88,011

5. Debtors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Other debtors 24,260 11,803

6. Creditors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 14,371 13,990
Hire purchase contracts 6,258 6,258
Taxation and social security 20,973 6,790
Other creditors 11,729 16,447
53,331 43,485

7. Creditors: amounts falling due after more than one year
31.3.23 31.3.22
£    £   
Bank loans 61,349 75,366
Hire purchase contracts 24,490 30,749
85,839 106,115

8. Related party disclosures

Rental cost of £14,105 was paid to a director. The terms were agreed on a commercial basis.