Silverfin false false 31/08/2023 01/09/2022 31/08/2023 Stella Mary Georgy 27/08/2019 Georgy Jacob 27/08/2019 06 February 2024 The principal activity of the Company during the financial year was that of the operation of a care home. 12174936 2023-08-31 12174936 bus:Director1 2023-08-31 12174936 bus:Director2 2023-08-31 12174936 2022-08-31 12174936 core:CurrentFinancialInstruments 2023-08-31 12174936 core:CurrentFinancialInstruments 2022-08-31 12174936 core:Non-currentFinancialInstruments 2023-08-31 12174936 core:Non-currentFinancialInstruments 2022-08-31 12174936 core:ShareCapital 2023-08-31 12174936 core:ShareCapital 2022-08-31 12174936 core:RetainedEarningsAccumulatedLosses 2023-08-31 12174936 core:RetainedEarningsAccumulatedLosses 2022-08-31 12174936 core:LandBuildings 2022-08-31 12174936 core:FurnitureFittings 2022-08-31 12174936 core:LandBuildings 2023-08-31 12174936 core:FurnitureFittings 2023-08-31 12174936 core:CurrentFinancialInstruments core:Secured 2023-08-31 12174936 2021-08-31 12174936 bus:OrdinaryShareClass1 2023-08-31 12174936 2022-09-01 2023-08-31 12174936 bus:FilletedAccounts 2022-09-01 2023-08-31 12174936 bus:SmallEntities 2022-09-01 2023-08-31 12174936 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 12174936 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12174936 bus:Director1 2022-09-01 2023-08-31 12174936 bus:Director2 2022-09-01 2023-08-31 12174936 core:LandBuildings core:TopRangeValue 2022-09-01 2023-08-31 12174936 core:FurnitureFittings core:TopRangeValue 2022-09-01 2023-08-31 12174936 2021-09-01 2022-08-31 12174936 core:LandBuildings 2022-09-01 2023-08-31 12174936 core:FurnitureFittings 2022-09-01 2023-08-31 12174936 core:CurrentFinancialInstruments 2022-09-01 2023-08-31 12174936 core:Non-currentFinancialInstruments 2022-09-01 2023-08-31 12174936 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 12174936 bus:OrdinaryShareClass1 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12174936 (England and Wales)

GOOD SHEPHERD CARE LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

GOOD SHEPHERD CARE LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

GOOD SHEPHERD CARE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 August 2023
GOOD SHEPHERD CARE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,169,576 1,204,405
1,169,576 1,204,405
Current assets
Debtors 4 22,173 17,087
Cash at bank and in hand 22,356 11,072
44,529 28,159
Creditors: amounts falling due within one year 5 ( 411,042) ( 569,438)
Net current liabilities (366,513) (541,279)
Total assets less current liabilities 803,063 663,126
Creditors: amounts falling due after more than one year 6 ( 648,194) ( 700,190)
Provision for liabilities 7 ( 837) 0
Net assets/(liabilities) 154,032 ( 37,064)
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account 154,030 ( 37,066 )
Total shareholders' funds/(deficit) 154,032 ( 37,064)

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Good Shepherd Care Limited (registered number: 12174936) were approved and authorised for issue by the Director on 06 February 2024. They were signed on its behalf by:

Stella Mary Georgy
Director
GOOD SHEPHERD CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
GOOD SHEPHERD CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Good Shepherd Care Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Century House, Nicholson Road, Torquay, TQ2 7TD, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Fixtures and fittings 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 26 12

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 September 2022 1,043,015 177,478 1,220,493
Additions 0 4,085 4,085
At 31 August 2023 1,043,015 181,563 1,224,578
Accumulated depreciation
At 01 September 2022 8,703 7,385 16,088
Charge for the financial year 20,860 18,054 38,914
At 31 August 2023 29,563 25,439 55,002
Net book value
At 31 August 2023 1,013,452 156,124 1,169,576
At 31 August 2022 1,034,312 170,093 1,204,405

4. Debtors

2023 2022
£ £
Accrued income 22,173 17,087

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 44,486 0
Amounts owed to directors 163,412 378,512
Other loans 139,347 139,347
Accruals 4,230 3,600
Taxation and social security 50,299 18,522
Other creditors 9,268 29,457
411,042 569,438

Bank loans are secured against assets owned by the company.

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

2023 2022
£ £
Bank loans (secured) 648,194 700,190

Bank loans are secured against assets owned by the company.

7. Deferred tax

2023 2022
£ £
At the beginning of financial year 0 0
Charged to the Statement of Income and Retained Earnings ( 837) 0
At the end of financial year ( 837) 0

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2023 2022
£ £
Unpaid contributions due to the fund (inc. in other creditors) 1,721 2,196

10. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amount owed to Directors 163,412 378,512