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REGISTERED NUMBER: 06759755 (England and Wales)















HOMECROFT (WYNDLEY GRANGE) LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






HOMECROFT (WYNDLEY GRANGE) LIMITED (REGISTERED NUMBER: 06759755)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


HOMECROFT (WYNDLEY GRANGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: N G Murch
G T Murch





SECRETARY:





REGISTERED OFFICE: Wyndley Grange Nursing Home
2 Somerville Road
Sutton Coldfield
West Midlands
B73 6JA





REGISTERED NUMBER: 06759755 (England and Wales)





AUDITORS: Four Oaks Taxation & Accounting Services Limited
(Statutory Auditor)
Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG

HOMECROFT (WYNDLEY GRANGE) LIMITED (REGISTERED NUMBER: 06759755)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,346 57,937

CURRENT ASSETS
Debtors 5 876,011 603,117
Cash at bank 145,651 35,325
1,021,662 638,442
CREDITORS
Amounts falling due within one year 6 437,763 264,493
NET CURRENT ASSETS 583,899 373,949
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,245

431,886

CREDITORS
Amounts falling due after more than one
year

7

(27,877

)

-

PROVISIONS FOR LIABILITIES (11,336 ) (11,008 )
NET ASSETS 590,032 420,878

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 589,932 420,778
590,032 420,878

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 15 September 2023 and were signed on its behalf by:





N G Murch - Director


HOMECROFT (WYNDLEY GRANGE) LIMITED (REGISTERED NUMBER: 06759755)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Homecroft (Wyndley Grange) 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 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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 78 (2022 - 76 ) .

HOMECROFT (WYNDLEY GRANGE) LIMITED (REGISTERED NUMBER: 06759755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 187,628
Additions 8,771
Disposals (1,812 )
At 31 July 2023 194,587
DEPRECIATION
At 1 August 2022 129,691
Charge for year 20,003
Eliminated on disposal (453 )
At 31 July 2023 149,241
NET BOOK VALUE
At 31 July 2023 45,346
At 31 July 2022 57,937

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 115,584 41,712
Other debtors 2,219 5,099
117,803 46,811

Amounts falling due after more than one year:
Amounts owed by group undertakings 758,208 556,306

Aggregate amounts 876,011 603,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,480 11,061
Trade creditors 274,989 187,226
Taxation and social security 94,062 65,767
Other creditors 55,232 439
437,763 264,493

HOMECROFT (WYNDLEY GRANGE) LIMITED (REGISTERED NUMBER: 06759755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 27,877 -

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr M J Rudd FCA CTA (Senior Statutory Auditor)
for and on behalf of Four Oaks Taxation & Accounting Services Limited