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The Glen Private Nursing Home Ltd
Registered Number:10984643
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2023
The Glen Private Nursing Home Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
10984643
As at 30 September 2023
The Glen Private Nursing Home Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
233,333
249,333
2
Property, plant and equipment
895,666
907,914
3
1,128,999
1,157,247
Current assets
Trade and other receivables
2,228
2,413
4
178,379
Cash and cash equivalents
134,404
136,817
180,607
Trade and other payables: amounts falling due within one
year
(260,764)
(245,982)
5
(80,157)
(109,165)
Net current liabilities
Total assets less current liabilities
1,019,834
1,077,090
Trade and other payables: amounts falling due after more
than one year
(1,012,802)
(931,394)
6
(3,966)
(759)
Provisions for liabilities
84,474
Net assets
63,529
Capital and reserves
Called up share capital
500
500
Retained earnings
83,974
63,029
84,474
63,529
Shareholders' funds
For the year ended 30 September 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Beverley Ashmore Director
These financial statements were approved and authorised for issue by the Board on 19 February 2024 and were signed by:
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4
Registered Number :
10984643
For the year ended 30 September 2023
The Glen Private Nursing Home Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 September 2023
The Glen Private Nursing Home Ltd
Notes to the Financial Statements
Statutory Information
The Glen Private Nursing Home Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10984643.
Registered address:
224 Abbeydale Road South
Sheffield
S17 3LA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Intangible assets
Goodwill is capitalised and is being amortised over its useful life of 20 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
2% Straight line
20% Straight line
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 October 2022
320,000
At 30 September 2023
320,000
Amortisation
At 01 October 2022
70,667
16,000
Charge for year
At 30 September 2023
86,667
Net book value
At 30 September 2023
233,333
At 30 September 2022
249,333
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6
For the year ended 30 September 2023
The Glen Private Nursing Home Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Furniture and
Fittings
Land and
Buildings
£
£
£
Cost or
valuation
At 01 October 2022
1,056,930
90,298
966,632
25,534
12,583
12,951
Additions
At 30 September 2023
979,583
102,881
1,082,464
Provision for depreciation and impairment
At 01 October 2022
149,016
63,771
85,245
Charge for year
37,782
17,931
19,851
At 30 September 2023
186,798
81,702
105,096
At 30 September 2023
Net book value
874,487
21,179
895,666
At 30 September 2022
881,387
26,527
907,914
4. Trade and other receivables
2022
2023
£
£
Other debtors
2,413
2,228
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
50,000
50,000
Trade creditors
9,253
5,376
Taxation and social security
28,544
26,604
Accruals and deferred income
17,480
18,430
Directors' loan accounts
80,155
110,155
Other creditors
60,550
50,199
245,982
260,764
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7
For the year ended 30 September 2023
The Glen Private Nursing Home Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
481,394
562,802
Other creditors
450,000
450,000
931,394
1,012,802
Analysis of creditors falling due after more than five years:
Payable otherwise than by instalments
450,000
450,000
Payable by instalments
481,394
562,802
7. Average number of persons employed
During the year the average number of employees was 60 (2022 : 48)
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