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Moorleigh Residential Care Home Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2023

Registration number: 04679815

 

Moorleigh Residential Care Home Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

Accountants' Report

9

 

Moorleigh Residential Care Home Limited

Company Information

Directors

Mr C J Kerslake

Mrs S A Kerslake

Mrs J A Bailey

Company secretary

Mr C J Kerslake

Registered office

Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF

Accountants

Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF

 

Moorleigh Residential Care Home Limited

Balance Sheet

31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

5

-

3,000

Tangible assets

6

38,330

41,910

 

38,330

44,910

Current assets

 

Debtors

7

33,674

28,112

Cash at bank and in hand

 

657,925

719,527

 

691,599

747,639

Creditors: Amounts falling due within one year

8

(191,286)

(176,770)

Net current assets

 

500,313

570,869

Total assets less current liabilities

 

538,643

615,779

Provisions for liabilities

(9,600)

(10,500)

Net assets

 

529,043

605,279

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

528,943

605,179

Shareholders' funds

 

529,043

605,279

 

Moorleigh Residential Care Home Limited

Balance Sheet

31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 October 2023 and signed on its behalf by:
 

.........................................
Mr C J Kerslake
Director

.........................................
Mrs S A Kerslake
Director

.........................................
Mrs J A Bailey
Director

     

Company Registration Number: 04679815

 

Moorleigh Residential Care Home Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF

The principal place of business is:
Lummaton Cross
Torquay
Devon
TQ2 8ET

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts.

The company recognises revenue when the value of services provided to date can be reliably measured.

Government grants

Grant income is accounted for using the accrual method. Revenue grants are recognised on a systematic basis over the periods to which the costs to which the grants relate are recognised. Capital grants are recognised over the useful life on the related asset on the same basis as depreciation is charged.

 

Moorleigh Residential Care Home Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

Tax

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Motor vehicles

25% reducing balance

Office equipment

33% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Moorleigh Residential Care Home Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2022 - 20).

4 Government grants

During the year the company received the following grants:
- £5,527 Coronavirus Support
The amount of grants recognised in the financial statements was £5,527 (2022 - £43,786).
 

 

Moorleigh Residential Care Home Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

60,000

60,000

At 31 March 2023

60,000

60,000

Amortisation

At 1 April 2022

57,000

57,000

Amortisation charge

3,000

3,000

At 31 March 2023

60,000

60,000

Carrying amount

At 31 March 2023

-

-

At 31 March 2022

3,000

3,000

6

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

177,711

32,515

210,226

Additions

6,151

-

6,151

Disposals

(4,575)

-

(4,575)

At 31 March 2023

179,287

32,515

211,802

Depreciation

At 1 April 2022

138,170

30,146

168,316

Charge for the year

7,205

593

7,798

Eliminated on disposal

(2,642)

-

(2,642)

At 31 March 2023

142,733

30,739

173,472

Carrying amount

At 31 March 2023

36,554

1,776

38,330

At 31 March 2022

39,541

2,369

41,910

 

Moorleigh Residential Care Home Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

7

Debtors

2023
£

2022
£

Trade debtors

24,300

17,818

Prepayments

9,014

10,294

Other debtors

360

-

33,674

28,112

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

5,640

2,352

Corporation tax

-

13,799

Taxation and social security

6,572

5,813

Other creditors

175,924

151,148

Accruals and deferred income

3,150

3,658

191,286

176,770

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

100 Ordinary shares of £1 each

100

100

100

100

         
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Moorleigh Residential Care Home Limited

Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Moorleigh Residential Care Home Limited for the year ended 31 March 2023 as set out on pages 2 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Moorleigh Residential Care Home Limited, as a body, in accordance with the terms of our engagement letter dated 22 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Moorleigh Residential Care Home Limited and state those matters that we have agreed to state to the Board of Directors of Moorleigh Residential Care Home Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moorleigh Residential Care Home Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Moorleigh Residential Care Home Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Moorleigh Residential Care Home Limited. You consider that Moorleigh Residential Care Home Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Moorleigh Residential Care Home Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF

19 October 2023