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REGISTERED NUMBER: 10606251 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

THREE WILLOWS CARE HOME LIMITED

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)






Contents of the Financial Statements
for the Year Ended 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THREE WILLOWS CARE HOME LIMITED

Company Information
for the Year Ended 31 AUGUST 2023







DIRECTOR: S A Hussain





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 10606251 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

Balance Sheet
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 170,000 255,000
Tangible assets 5 74,657 66,822
Investments 6 48,000 48,000
292,657 369,822

CURRENT ASSETS
Stocks 1,500 1,200
Debtors 7 189,711 219,261
Cash at bank 75,032 330,919
266,243 551,380
CREDITORS
Amounts falling due within one year 8 184,522 169,849
NET CURRENT ASSETS 81,721 381,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,378

751,353

CREDITORS
Amounts falling due after more than one year 9 (173,066 ) (220,359 )

PROVISIONS FOR LIABILITIES 12 (18,664 ) (12,696 )
NET ASSETS 182,648 518,298

CAPITAL AND RESERVES
Called up share capital 13 136 136
Retained earnings 182,512 518,162
SHAREHOLDERS' FUNDS 182,648 518,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

Balance Sheet - continued
31 AUGUST 2023


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 director and authorised for issue on 7 October 2023 and were signed by:





S A Hussain - Director


THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

Notes to the Financial Statements
for the Year Ended 31 AUGUST 2023

1. STATUTORY INFORMATION

THREE WILLOWS CARE HOME 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 represents fees receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of eight years.

The directors have considered the requirements under Financial Reporting Standard 102 and after undertaking the annual impairment review they believe that the existing amortisation policy to be fair and accurate.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 16.67% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

Notes to the Financial Statements - continued
for the Year Ended 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 680,000
AMORTISATION
At 1 September 2022 425,000
Charge for year 85,000
At 31 August 2023 510,000
NET BOOK VALUE
At 31 August 2023 170,000
At 31 August 2022 255,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2022 142,173
Additions 22,763
At 31 August 2023 164,936
DEPRECIATION
At 1 September 2022 75,351
Charge for year 14,928
At 31 August 2023 90,279
NET BOOK VALUE
At 31 August 2023 74,657
At 31 August 2022 66,822

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.8.23 31.8.22
£    £   
Rental deposits 48,000 48,000

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

Notes to the Financial Statements - continued
for the Year Ended 31 AUGUST 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 39,711 19,261
Sundry loan 150,000 200,000
189,711 219,261

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts (see note 10) 46,000 46,000
Trade creditors 53,297 51,993
Tax 40,971 60,055
Social security and other taxes 8,650 9,030
Directors' current accounts 1,800 2,020
Deferred income 32,904 -
Accrued expenses 900 751
184,522 169,849

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans (see note 10) 173,066 220,359

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 21,526

10. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 46,000 46,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 54,500 54,500

Amounts falling due between two and five years:
Bank loans - 2-5 years 118,566 144,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 21,526

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

Notes to the Financial Statements - continued
for the Year Ended 31 AUGUST 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 219,066 266,359

The bank loan is secured by way of a fixed and floating charge of the company's assets.

12. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax
Accelerated capital allowances 18,664 12,696

Deferred
tax
£   
Balance at 1 September 2022 12,696
Provided during year 5,968
Balance at 31 August 2023 18,664

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
136 Ordinary £1 136 136

14. RELATED PARTY DISCLOSURES

During the year, the company occupied premises which are owned by the shareholders. Rental charged for the period was £66,000 (2022: £60,000).There was no balance owed to the partnership as at 31 August 2023.

In the year ending 31 August 2022, the company advanced loans of £200,000 (2021: £NIL) to NCHL Investments Limited, a related party by virtue of common ownership and control. As at the year end 31 August 2023, the amount of £150,000 (2022: £200,000 ) was outstanding.

15. ULTIMATE CONTROLLING PARTY

The controlling party is S A Hussain.