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REGISTERED NUMBER: 03195886















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Greenacres Nursing Home Limited

Greenacres Nursing Home Limited (Registered number: 03195886)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greenacres Nursing Home Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Miss B Chaudhry
A Chaudhry





SECRETARY: Miss B Chaudhry





REGISTERED OFFICE: Greenacres Nursing Home
Pighue Lane
Liverpool
Merseyside
L13 1DG





REGISTERED NUMBER: 03195886





ACCOUNTANTS: Shahabuddin & Co Ltd
Chartered Accountants
Lombard Chambers
Ormond Street
Liverpool
Merseyside
L3 9NA

Greenacres Nursing Home Limited (Registered number: 03195886)

Balance Sheet
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,191,850 1,198,635

CURRENT ASSETS
Debtors 5 515,941 145,082
Cash at bank and in hand 126,959 536,196
642,900 681,278
CREDITORS
Amounts falling due within one year 6 102,214 177,079
NET CURRENT ASSETS 540,686 504,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,732,536

1,702,834

CREDITORS
Amounts falling due after more than
one year

7

29,591

40,239
NET ASSETS 1,702,945 1,662,595

Greenacres Nursing Home Limited (Registered number: 03195886)

Balance Sheet - continued
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 1,702,845 1,662,495
SHAREHOLDERS' FUNDS 1,702,945 1,662,595

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 16 November 2023 and were signed on its behalf by:





A Chaudhry - Director


Greenacres Nursing Home Limited (Registered number: 03195886)

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

1. STATUTORY INFORMATION

Greenacres Nursing Home Limited is a private company, limited by shares , registered in Not specified/Other. 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
Revenue 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 84 (2022 - 82 ) .

Greenacres Nursing Home Limited (Registered number: 03195886)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 1,125,789 261,151 1,386,940
DEPRECIATION
At 1 June 2022 - 188,305 188,305
Charge for year - 6,785 6,785
At 31 May 2023 - 195,090 195,090
NET BOOK VALUE
At 31 May 2023 1,125,789 66,061 1,191,850
At 31 May 2022 1,125,789 72,846 1,198,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31/5/23 31/5/22
£    £   
Trade debtors 105,750 85,000
Other debtors 410,191 60,082
515,941 145,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31/5/23 31/5/22
£    £   
Trade creditors - 54,272
Taxation and social security 80,370 79,385
Other creditors 21,844 43,422
102,214 177,079

Greenacres Nursing Home Limited (Registered number: 03195886)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans 29,591 40,239

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 29,591 40,239

8. RESERVES
Retained
earnings
£   

At 1 June 2022 1,662,495
Profit for the year 76,350
Dividends (36,000 )
At 31 May 2023 1,702,845