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REGISTERED NUMBER: 05720647 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Bearwardcote Hall Residential Home
Limited

Bearwardcote Hall Residential Home
Limited (Registered number: 05720647)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bearwardcote Hall Residential Home
Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: A S Thompson





REGISTERED OFFICE: Bearwardcote Lodge
Heage Lane
Etwall
Derby
Derbyshire
DE65 6LS





REGISTERED NUMBER: 05720647 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Bearwardcote Hall Residential Home
Limited (Registered number: 05720647)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,112 17,785
Investment property 6 673,778 673,778
693,890 691,563

CURRENT ASSETS
Stocks 2,500 2,250
Debtors 7 288,148 252,015
Cash at bank 561,279 591,879
851,927 846,144
CREDITORS
Amounts falling due within one year 8 60,828 93,265
NET CURRENT ASSETS 791,099 752,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,484,989

1,444,442

CREDITORS
Amounts falling due after more than one
year

9

325,581

347,959
NET ASSETS 1,159,408 1,096,483

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,159,308 1,096,383
SHAREHOLDERS' FUNDS 1,159,408 1,096,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Bearwardcote Hall Residential Home
Limited (Registered number: 05720647)

Balance Sheet - continued
28 February 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 16 November 2023 and were signed by:





A S Thompson - Director


Bearwardcote Hall Residential Home
Limited (Registered number: 05720647)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Bearwardcote Hall Residential 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable for services provided and is recognised within the period in which the services are supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 ", the Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate gain or loss arising from changes in fair value is recognised in the profit and loss account.

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.

Government grants
Revenue grants are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 200,000
AMORTISATION
At 1 March 2022
and 28 February 2023 200,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

Bearwardcote Hall Residential Home
Limited (Registered number: 05720647)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 73,263 9,180 4,801 87,244
Additions 845 5,500 400 6,745
At 28 February 2023 74,108 14,680 5,201 93,989
DEPRECIATION
At 1 March 2022 56,531 8,261 4,667 69,459
Charge for year 2,637 1,605 176 4,418
At 28 February 2023 59,168 9,866 4,843 73,877
NET BOOK VALUE
At 28 February 2023 14,940 4,814 358 20,112
At 28 February 2022 16,732 919 134 17,785


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 673,778
NET BOOK VALUE
At 28 February 2023 673,778
At 28 February 2022 673,778

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 673,778

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 673,778 673,778
Aggregate depreciation (107,806 ) (94,330 )

Investment property was valued on fair value basis on 28 February 2023 by the director .

Bearwardcote Hall Residential Home
Limited (Registered number: 05720647)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,131 -
Amounts owed by related party 286,198 251,115
Prepayments 819 900
288,148 252,015

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,378 21,487
Trade creditors 10,817 11,072
Tax 13,873 41,182
Social security and other taxes 4,774 8,571
Other creditors 1,512 2,131
Accrued expenses 7,474 8,822
60,828 93,265

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 325,581 347,959

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 347,959 369,446

The debt is secured against the assets to which it relates.