Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity1111falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07972592 2022-04-01 2023-03-31 07972592 2021-04-01 2022-03-31 07972592 2023-03-31 07972592 2022-03-31 07972592 c:Director2 2022-04-01 2023-03-31 07972592 d:FurnitureFittings 2022-04-01 2023-03-31 07972592 d:FurnitureFittings 2023-03-31 07972592 d:FurnitureFittings 2022-03-31 07972592 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07972592 d:CurrentFinancialInstruments 2023-03-31 07972592 d:CurrentFinancialInstruments 2022-03-31 07972592 d:Non-currentFinancialInstruments 2023-03-31 07972592 d:Non-currentFinancialInstruments 2022-03-31 07972592 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07972592 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07972592 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07972592 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 07972592 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 07972592 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 07972592 d:ShareCapital 2023-03-31 07972592 d:ShareCapital 2022-03-31 07972592 d:RetainedEarningsAccumulatedLosses 2023-03-31 07972592 d:RetainedEarningsAccumulatedLosses 2022-03-31 07972592 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07972592 c:OrdinaryShareClass1 2023-03-31 07972592 c:OrdinaryShareClass1 2022-03-31 07972592 c:FRS102 2022-04-01 2023-03-31 07972592 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07972592 c:FullAccounts 2022-04-01 2023-03-31 07972592 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07972592 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07972592










MEADOWSIDE RESIDENTIAL CARE HOME LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
MEADOWSIDE RESIDENTIAL CARE HOME LIMITED
REGISTERED NUMBER: 07972592

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,498
7,624

  
4,498
7,624

Current assets
  

Debtors: amounts falling due within one year
 5 
652,397
8,264

Cash at bank and in hand
 6 
25,349
521,130

  
677,746
529,394

Creditors: amounts falling due within one year
 7 
(75,168)
(47,857)

Net current assets
  
 
 
602,578
 
 
481,537

Total assets less current liabilities
  
607,076
489,161

Creditors: amounts falling due after more than one year
 8 
(38,334)
(41,742)

  

Net assets
  
568,742
447,419


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
568,740
447,417

  
568,742
447,419


Page 1

 
MEADOWSIDE RESIDENTIAL CARE HOME LIMITED
REGISTERED NUMBER: 07972592
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 June 2023.




Mrs E Hassard
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MEADOWSIDE RESIDENTIAL CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Meadowside Residential Care Home is a company domiciled in England and Wales, registration number 07972592. The registered office is Unit 7-8, Manor Courtyard, Aston Sandford, Aylesbury, Bucks, HP17 8JB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
MEADOWSIDE RESIDENTIAL CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
MEADOWSIDE RESIDENTIAL CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 11).

Page 5

 
MEADOWSIDE RESIDENTIAL CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2022
20,045



At 31 March 2023

20,045



Depreciation


At 1 April 2022
12,421


Charge for the year on owned assets
3,126



At 31 March 2023

15,547



Net book value



At 31 March 2023
4,498



At 31 March 2022
7,624


5.


Debtors

2023
2022
£
£


Other debtors
650,010
-

Prepayments and accrued income
2,387
8,264

652,397
8,264



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
25,349
521,130

25,349
521,130


Page 6

 
MEADOWSIDE RESIDENTIAL CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,000
6,194

Other taxation and social security
35,056
32,818

Other creditors
33,612
7,345

Accruals and deferred income
1,500
1,500

75,168
47,857



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
38,334
41,742

38,334
41,742



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,000
6,194


5,000
6,194

Amounts falling due 1-2 years

Bank loans
38,334
41,742


38,334
41,742



43,334
47,936


Page 7

 
MEADOWSIDE RESIDENTIAL CARE HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


 
Page 8