79 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03264640 2022-04-01 2023-03-31 03264640 2023-03-31 03264640 2022-03-31 03264640 2021-04-01 2022-03-31 03264640 2022-03-31 03264640 2021-03-31 03264640 core:FurnitureFittings 2022-04-01 2023-03-31 03264640 core:MotorVehicles 2022-04-01 2023-03-31 03264640 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 03264640 bus:Director5 2022-04-01 2023-03-31 03264640 core:WithinOneYear 2023-03-31 03264640 core:WithinOneYear 2022-03-31 03264640 core:ShareCapital 2023-03-31 03264640 core:ShareCapital 2022-03-31 03264640 core:RetainedEarningsAccumulatedLosses 2023-03-31 03264640 core:RetainedEarningsAccumulatedLosses 2022-03-31 03264640 core:BetweenOneFiveYears 2023-03-31 03264640 bus:SmallEntities 2022-04-01 2023-03-31 03264640 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03264640 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 03264640 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03264640 bus:AbridgedAccounts 2022-04-01 2023-03-31 03264640 bus:OrdinaryShareClass1 2023-03-31 03264640 bus:OrdinaryShareClass1 2022-03-31 03264640 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03264640 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 03264640
Howson Care Centre Limited
Filleted Unaudited Abridged Financial Statements
31 March 2023
Howson Care Centre Limited
Abridged Financial Statements
Year Ended 31 March 2023
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 6
Howson Care Centre Limited
Abridged Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed Assets
Tangible assets
5
1,174,423
1,240,280
Current Assets
Stocks
3,240
2,700
Debtors
142,302
128,778
Cash at bank and in hand
745,136
749,529
---------
---------
890,678
881,007
Creditors: amounts falling due within one year
329,083
325,314
---------
---------
Net Current Assets
561,595
555,693
------------
------------
Total Assets Less Current Liabilities
1,736,018
1,795,973
Provisions
Taxation including deferred tax
13,017
13,003
------------
------------
Net Assets
1,723,001
1,782,970
------------
------------
Capital and Reserves
Called up share capital
7
160,000
160,000
Profit and loss account
1,563,001
1,622,970
------------
------------
Shareholders Funds
1,723,001
1,782,970
------------
------------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Howson Care Centre Limited
Abridged Statement of Financial Position (continued)
31 March 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 17 November 2023 , and are signed on behalf of the board by:
Mr R Patel
Director
Company registration number: 03264640
Howson Care Centre Limited
Notes to the Abridged Financial Statements
Year Ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Farrington Place, Northwood, Middlesex, HA6 3SW. The company's place of business is Howson Care Centre, Marton Road, Willingham By Stow, Gainsborough, Lincolnshire, DN21 5JU.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents residents fees earned during the period.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2.5% Straight line
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
3% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 79 (2022: 79 ).
5. Tangible assets
£
Cost
At 1 April 2022
3,134,066
Additions
21,434
Disposals
( 269)
------------
At 31 March 2023
3,155,231
------------
Depreciation
At 1 April 2022
1,893,786
Charge for the year
87,219
Disposals
( 197)
------------
At 31 March 2023
1,980,808
------------
Carrying amount
At 31 March 2023
1,174,423
------------
At 31 March 2022
1,240,280
------------
6. Security
The company has a fixed and a floating charge over all property and assets.
There is an inter-company guarantee with Howson Care Centre Limited and Villecourt Limited.
A bank loan in the parent company Villecourt Limited is secured via a debenture and legal charge on the assets and property of Howson Care Centre Limited. At the balance sheet date, the bank loan balance was £1,988.824.
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
160,000
160,000
160,000
160,000
---------
---------
---------
---------
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
6,902
Later than 1 year and not later than 5 years
15,529
--------
----
22,431
--------
----
9. Related party transactions
The company has taken advantage of exemption conferred by FRS102 S33. 1A, removing the requirement to disclose transactions between group companies.
10. Controlling party
Howson Care Centre Limited is a 100% subsidiary of Villecourt Limited , a company incorporated in England and Wales.