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REGISTERED NUMBER: 07082471 (England and Wales)















Financial Statements

for the Year Ended 31 March 2023

for

Albury Care Home Limited

Albury Care Home Limited (Registered number: 07082471)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Albury Care Home Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mr H Doorga
Mrs K Doorga





REGISTERED OFFICE: 6 Albury Road
Guildford
Surrey
GU1 2BT





REGISTERED NUMBER: 07082471 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

Albury Care Home Limited (Registered number: 07082471)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £ £
FIXED ASSETS
Intangible assets 4 770,400 834,600
Tangible assets 5 1,674,203 1,726,779
2,444,603 2,561,379

CURRENT ASSETS
Debtors 6 28,597 105,418
Cash at bank and in hand 671,517 373,500
700,114 478,918
CREDITORS
Amounts falling due within one year (139,596 ) (116,841 )
NET CURRENT ASSETS 560,518 362,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,005,121

2,923,456

CREDITORS
Amounts falling due after more than one
year

(2,206,712

)

(2,292,528

)
NET ASSETS 798,409 630,928

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 798,309 630,828
SHAREHOLDERS' FUNDS 798,409 630,928

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.

Albury Care Home Limited (Registered number: 07082471)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 September 2023 and were signed on its behalf by:





Mr H Doorga - Director


Albury Care Home Limited (Registered number: 07082471)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Albury Care 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.

Turnover
Turnover represents amounts invoiced for the provision of care services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty 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.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 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.

Albury Care Home Limited (Registered number: 07082471)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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 12 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1 April 2022
and 31 March 2023 1,605,000
AMORTISATION
At 1 April 2022 770,400
Amortisation for year 64,200
At 31 March 2023 834,600
NET BOOK VALUE

At 31 March 2023 770,400
At 31 March 2022 834,600

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 April 2022
and 31 March 2023 2,130,665
DEPRECIATION
At 1 April 2022 403,886
Charge for year 52,576
At 31 March 2023 456,462
NET BOOK VALUE
At 31 March 2023 1,674,203
At 31 March 2022 1,726,779

Albury Care Home Limited (Registered number: 07082471)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£ £
Trade debtors - 15,488

7. RELATED PARTY DISCLOSURES

Included in creditors are amounts payable of £883,076 (2020: £856,700) to companies under common control.

8. PARTICULARS OF A CHARGE

Barclays bank plc has created a fixed and floating charge, dated 15 December 2021 over all the property or undertaking of the company. It has also created a debenture dated 6 January 2022 over the freehold property Albury House, 6 Albury Road, Guildford, Surrey GU1 2BT against the loans provided to the Company.