ASHTONLEIGH HOMES LTD

Company Registration Number:
07257566 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

ASHTONLEIGH HOMES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ASHTONLEIGH HOMES LTD

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The principal activity of the company is providing provision of care services in a range of specialist nursing and care services to the residents aged 40 years and over with or without mental health.



Directors

The director shown below has held office during the whole of the period from
1 January 2022 to 31 December 2022

RAGUNATHAN GAJARUBAN


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 December 2023

And signed on behalf of the board by:
Name: RAGUNATHAN GAJARUBAN
Status: Director

ASHTONLEIGH HOMES LTD

Profit And Loss Account

for the Period Ended 31 December 2022

2022 13 months to 31 December 2021


£

£
Turnover: 3,926,888 3,775,531
Cost of sales: ( 2,795,926 ) ( 2,720,153 )
Gross profit(or loss): 1,130,962 1,055,378
Administrative expenses: ( 420,465 ) ( 843,341 )
Other operating income: 173,481 143,776
Operating profit(or loss): 883,978 355,813
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 266,922 ) ( 152,721 )
Profit(or loss) before tax: 617,056 203,092
Tax: ( 68,520 ) ( 219,412 )
Profit(or loss) for the financial year: 548,536 (16,320)

ASHTONLEIGH HOMES LTD

Balance sheet

As at 31 December 2022

Notes 2022 13 months to 31 December 2021


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 9,526,484 9,792,928
Investments:   0 0
Total fixed assets: 9,526,484 9,792,928
Current assets
Stocks:   0 0
Debtors: 4 3,951,822 2,271,241
Cash at bank and in hand: 184,754 1,224,671
Investments:   0 0
Total current assets: 4,136,576 3,495,912
Creditors: amounts falling due within one year: 5 ( 568,814 ) ( 666,370 )
Net current assets (liabilities): 3,567,762 2,829,542
Total assets less current liabilities: 13,094,246 12,622,470
Creditors: amounts falling due after more than one year: 6 ( 3,801,915 ) ( 3,783,238 )
Provision for liabilities: ( 383,700 ) ( 402,700 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 8,908,631 8,436,532
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 2,784,380 2,851,004
Profit and loss account: 6,124,151 5,585,428
Total Shareholders' funds: 8,908,631 8,436,532

The notes form part of these financial statements

ASHTONLEIGH HOMES LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 December 2023
and signed on behalf of the board by:

Name: RAGUNATHAN GAJARUBAN
Status: Director

The notes form part of these financial statements

ASHTONLEIGH HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, is shown net of VAT and on an accruals basis.

    Tangible fixed assets depreciation policy

    Land and buildings held and used in the Company's own activities for production and supply of goods or for administrative purposes are stated in the statement of financial position at their cost lessdepreciation.Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation on plant and equipment is charged to profit or loss so as to write off their value, over their estimated useful lives, using the straight-line method.At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of thecash-generating unit to which the asset belongs. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount.Impairment loss is recognised as an expense immediately.Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Freehold buildings 2% Straight LinePlant and machinery Based on estimated Life of the AssetMotor vehicles 20% Straight LineFurniture, fittings and equipment Based on estimated Life of the Asset

ASHTONLEIGH HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 13 months to 31 December 2021
    Average number of employees during the period 42 44

ASHTONLEIGH HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 10,564,666 741,007 1,450,316 0 105,483 12,861,472
Additions 0 7,737 31,621 0 0 39,358
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0
Transfers 0 0 0 0 0
At 31 December 2022 10,564,666 748,744 1,481,937 0 105,483 12,900,830
Depreciation
At 1 January 2022 1,226,339 649,319 1,157,211 0 35,675 3,068,544
Charge for year 76,000 56,017 73,202 0 14,959 220,178
On disposals 0 0 0 0 0 0
Other adjustments 85,624 0 0 0 0 85,624
At 31 December 2022 1,387,963 705,336 1,230,413 0 50,634 3,374,346
Net book value
At 31 December 2022 9,176,703 43,408 251,524 0 54,849 9,526,484
At 31 December 2021 9,338,327 91,688 293,105 0 69,808 9,792,928

ASHTONLEIGH HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 13 months to 31 December 2021
£ £
Trade debtors 501,813 124,228
Prepayments and accrued income 13,467 7,320
Other debtors 3,436,542 2,139,693
Total 3,951,822 2,271,241
Debtors due after more than one year: 3,326,584 2,139,693

ASHTONLEIGH HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 13 months to 31 December 2021
£ £
Bank loans and overdrafts 229,004 229,004
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 99,588 77,752
Taxation and social security 117,085 288,820
Accruals and deferred income 44,879 8,000
Other creditors 78,258 62,794
Total 568,814 666,370

ASHTONLEIGH HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

2022 13 months to 31 December 2021
£ £
Bank loans and overdrafts 3,488,805 3,586,650
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 313,110 196,588
Total 3,801,915 3,783,238