MAYFIELD CAREHOME LTD

Company Registration Number:
09415262 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

MAYFIELD CAREHOME LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

MAYFIELD CAREHOME LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 140,000 148,000
Tangible assets: 4 735,449 742,190
Total fixed assets: 875,449 890,190
Current assets
Stocks: 3,500 3,500
Debtors:   35,973 33,973
Cash at bank and in hand: 282,690 223,338
Total current assets: 322,163 260,811
Creditors: amounts falling due within one year:   (117,150) (52,076)
Net current assets (liabilities): 205,013 208,735
Total assets less current liabilities: 1,080,462 1,098,925
Creditors: amounts falling due after more than one year: 5 (473,374) (550,719)
Total net assets (liabilities): 607,088 548,206
Capital and reserves
Called up share capital: 300 300
Profit and loss account: 606,788 547,906
Shareholders funds: 607,088 548,206

The notes form part of these financial statements

MAYFIELD CAREHOME LTD

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 February 2024
and signed on behalf of the board by:

Name: M Hussain
Status: Director

The notes form part of these financial statements

MAYFIELD CAREHOME LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Land and buildings - at variable rates on reducing balancePlant and machinery etc - 10% on reducing balance

Intangible fixed assets and amortisation policy

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

MAYFIELD CAREHOME LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 20 19

MAYFIELD CAREHOME LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 200,000
At 31 March 2023 200,000
Amortisation
At 01 April 2022 52,000
Charge for year 8,000
At 31 March 2023 60,000
Net book value
At 31 March 2023 140,000
At 31 March 2022 148,000

MAYFIELD CAREHOME LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 801,412
Additions 2,960
At 31 March 2023 804,372
Depreciation
At 01 April 2022 59,222
Charge for year 9,701
At 31 March 2023 68,923
Net book value
At 31 March 2023 735,449
At 31 March 2022 742,190

MAYFIELD CAREHOME LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due after more than one year note

As at the end of the financial year, £205,252.28 still repayable to the directors.