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REGISTERED NUMBER: 05282492 (England and Wales)













Unaudited Cessation Financial Statements

for the Period 1st May 2022 to 31st August 2023

for

St. Nectans Residential Care Home
Limited

St. Nectans Residential Care Home
Limited (Registered number: 05282492)

Contents of the Financial Statements
for the Period 1st May 2022 to 31st August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


St. Nectans Residential Care Home
Limited

Company Information
for the Period 1st May 2022 to 31st August 2023







DIRECTOR: P L Finn





SECRETARY: P L Finn





REGISTERED OFFICE: 29 High Street
Blue Town
SHEERNESS
Kent
ME12 1RN





REGISTERED NUMBER: 05282492 (England and Wales)





ACCOUNTANTS: Blain Pritchard
Chartered Certified Accountants
29 High Street
Blue Town
SHEERNESS
Kent
ME12 1RN

St. Nectans Residential Care Home
Limited (Registered number: 05282492)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 1,766,139
- 1,766,139

CURRENT ASSETS
Stocks - 2,623
Debtors 6 - 5,016
Cash at bank and in hand 2,133,590 130,216
2,133,590 137,855
CREDITORS
Amounts falling due within one year 7 194,745 804,382
NET CURRENT ASSETS/(LIABILITIES) 1,938,845 (666,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,938,845

1,099,612

PROVISIONS FOR LIABILITIES - 16,111
NET ASSETS 1,938,845 1,083,501

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,938,745 1,083,401
SHAREHOLDERS' FUNDS 1,938,845 1,083,501

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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. Nectans Residential Care Home
Limited (Registered number: 05282492)

Balance Sheet - continued
31st August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th November 2023 and were signed by:





P L Finn - Director


St. Nectans Residential Care Home
Limited (Registered number: 05282492)

Notes to the Financial Statements
for the Period 1st May 2022 to 31st August 2023


1. STATUTORY INFORMATION

St. Nectans Residential 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 the value of fees receivable for providing residential accommodation and care to the elderly.

Goodwill
Goodwill being the amount paid in connection with the acquisition of the business in 2005 was amortised evenly over five years and was fully written off during the year ended 30th April 2010.

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.
Land and buildings - not provided
Plant and machinery etc - 20% on cost

Depreciation is not provided on freehold property in contravention of F.R.S. 15. Property is maintained in a state of repair such that its estimated residual value at the balance sheet date is not less than its net book value. In the opinion of the directors, any charge for depreciation would not, therefore, be material.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


St. Nectans Residential Care Home
Limited (Registered number: 05282492)

Notes to the Financial Statements - continued
for the Period 1st May 2022 to 31st August 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

Grants received
Capital based government grants are included within Creditors: amounts falling due within one year in the balance sheet and credited to trading profit over the expected useful economic lives of the assets to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - 45 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022 600,000
Disposals (600,000 )
At 31st August 2023 -
AMORTISATION
At 1st May 2022 600,000
Eliminated on disposal (600,000 )
At 31st August 2023 -
NET BOOK VALUE
At 31st August 2023 -
At 30th April 2022 -

St. Nectans Residential Care Home
Limited (Registered number: 05282492)

Notes to the Financial Statements - continued
for the Period 1st May 2022 to 31st August 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2022 1,682,732 315,860 1,998,592
Additions - 10,431 10,431
Disposals (1,682,732 ) (326,291 ) (2,009,023 )
At 31st August 2023 - - -
DEPRECIATION
At 1st May 2022 - 232,453 232,453
Eliminated on disposal - (232,453 ) (232,453 )
At 31st August 2023 - - -
NET BOOK VALUE
At 31st August 2023 - - -
At 30th April 2022 1,682,732 83,407 1,766,139

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 5,016

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 658,890
Taxation and social security 188,711 57,481
Other creditors 6,034 88,011
194,745 804,382

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 658,890

9. RELATED PARTY DISCLOSURES

Songbird Hearing Ltd owns 50% of the shares in this company.

Songbird Hearing Ltd charged St Nectans Residential Care home Ltd £125,000 in the year for management fees.