02153641falsethat of operating a leisure complex with hotel,golf,restuarant and function room facilities at Padbrook Park, Collumpton2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:SharePremium2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-12-31http://www.companieshouse.gov.uk/pt:SharePremium2023-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2022-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02153641

SMS Care Homes Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS

SMS Care Homes Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
G Scargill
S M Scargill
SECRETARY
G Scargill
REGISTERED OFFICE
Padbrook Park
Collumpton
Devon
EX15 1RU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02153641
SOLICITORS
Curtis Solicitors, 87-89 Mutley Plain,Plymouth, Devon, PL4 6
ACCOUNTANTS
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS

SMS Care Homes Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

SMS Care Homes Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3353,772337,321
CURRENT ASSETS
Stock11,98011,669
Debtors5228,880229,793
Cash at bank and in hand182,839310,971
423,699552,433
CREDITORS: Amounts falling due within one year6166,368166,664
NET CURRENT ASSETS257,331385,769
TOTAL ASSETS LESS CURRENT LIABILITIES611,103723,090
PROVISIONS FOR LIABILITIES AND CHARGES810,8605,150
NET ASSETS600,243717,940
CAPITAL AND RESERVES
Called up share capital944
Share premium account10251,176251,176
Profit and loss account349,063466,760
SHAREHOLDERS' FUNDS600,243717,940
For the year ending 31/12/2023 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/02/2024 and signed on their behalf by
.............................
G Scargill
Director

SMS Care Homes Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Fixed assets are shown at historical cost.
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
No depreciation is provided on Freehold Land.
Land And Buildingsstraight line2%
Plant And Machinerystraight line20%
Fixtures And Fittingsstraight line20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1e. Basis Of Accounting FRS 1021 a
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

SMS Care Homes Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/01/2023185,778185,778
At 31/12/2023185,778185,778
Depreciation
At 01/01/2023185,778185,778
At 31/12/2023185,778185,778
Net Book Amounts
At 31/12/2023--
3. TANGIBLE FIXED ASSETS
Land AndPlant andFixtures
BuildingsMachineryand FittingsTotal
££££
Cost
At 01/01/2023382,73866,12691,766540,630
Additions20,4225,132-25,554
At 31/12/2023403,16071,25891,766566,184
Depreciation
At 01/01/202353,36361,72288,224203,309
For the year4,7182,7911,5949,103
At 31/12/202358,08164,51389,818212,412
Net Book Amounts
At 31/12/2023345,0796,7451,948353,772
At 31/12/2022329,3754,4043,542337,321
As regards the Land and buildings shown above the Directors estimate the Freehold Land element to be £167,252 (2022 £146,830). The land is not depreciated.
4. STOCK 20232022
££
Stock comprises:
Stock11,98011,669
11,98011,669

SMS Care Homes Limited

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors6587,739
Other debtors2,2352,733
Prepayments16,11315,000
Directors current account-GS112,279102,032
Directors current account-SS97,595101,998
228,880229,502
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax21,45010,600
VAT56,99080,419
PAYE control8,3299,262
Credit card3,69610,311
Trade creditors37,09239,270
Other creditors93-
GS Pension scheme rent-4,000
Accruals28,7531,857
Deferred income9,96510,945
166,368166,664
7. EMPLOYEES
20232022
No.No.
Average number of employees2424
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation10,8605,150
10,8605,150

SMS Care Homes Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
4 Ordinary shares of £1 each44
44
10. SHARE PREMIUM ACCOUNT 20232022
££
Share premium account251,176251,176
11. OTHER FINANCIAL COMMITMENTS
At 31/12/2023 the company was committed to making the following payments under non-cancellable operating leases:
20232022
££
Operating Leases which expire:
Within one year78,68474,313
Within two to five years274,124263,420
After 5 years145,000205,000
12. CONTROLLING PARTY
Their is no ultimate controlling party.
13. RELATED PARTY TRANSACTIONS
The director's current account balance relating to G Scargill was £112,279 (2022 £102,032). The loan is interest free and repayble on demand.
The director's current account balance relating to S M Scargill was £97,595 (2022 £101,998). The loan is interest free and repayable on demand.