ASHTON CARE HOMES LIMITED

Company Registration Number:
09140646 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

ASHTON CARE HOMES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ASHTON CARE HOMES LIMITED

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The principal activity of the company is providing provision of care services in a range of specialist nursingand care services to the residents aged 40 years and over with or without mental health.



Directors

The director shown below has held office during the whole of the period from
1 January 2022 to 31 December 2022

Kathamari Ragunathan


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 December 2023

And signed on behalf of the board by:
Name: Kathamari Ragunathan
Status: Director

ASHTON CARE HOMES LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 5,419,075 4,655,782
Cost of sales: ( 4,436,905 ) ( 4,123,459 )
Gross profit(or loss): 982,170 532,323
Administrative expenses: ( 584,886 ) ( 681,188 )
Other operating income: 290,293 289,393
Operating profit(or loss): 687,577 140,528
Interest payable and similar charges: ( 174,309 ) ( 99,379 )
Profit(or loss) before tax: 513,268 41,149
Profit(or loss) for the financial year: 513,268 41,149

ASHTON CARE HOMES LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 11,099,717 11,341,486
Total fixed assets: 11,099,717 11,341,486
Current assets
Debtors: 4 1,733,618 719,640
Cash at bank and in hand: 199,617 622,195
Total current assets: 1,933,235 1,341,835
Creditors: amounts falling due within one year: 5 ( 555,483 ) ( 644,887 )
Net current assets (liabilities): 1,377,752 696,948
Total assets less current liabilities: 12,477,469 12,038,434
Creditors: amounts falling due after more than one year: 6 ( 7,073,630 ) ( 7,124,073 )
Total net assets (liabilities): 5,403,839 4,914,361
Capital and reserves
Called up share capital: 100 100
Other reserves: 1,515,588 1,531,917
Profit and loss account: 3,888,151 3,382,344
Total Shareholders' funds: 5,403,839 4,914,361

The notes form part of these financial statements

ASHTON CARE HOMES LIMITED

Balance sheet statements

For the year ending 31 December 2022 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.

This report was approved by the board of directors on 20 December 2023
and signed on behalf of the board by:

Name: Kathamari Ragunathan
Status: Director

The notes form part of these financial statements

ASHTON CARE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, is shown net of VAT and on an accruals basis.

    Tangible fixed assets depreciation policy

    Land and buildings held and used in the Company's own activities for production and supply of goods or for administrative purposes are stated in the statement of financial position at their cost lessdepreciation.Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation on plant and equipment is charged to profit or loss so as to write off their value, over their estimated useful lives, using the straight-line method.At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset isestimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairmentloss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Freehold buildings 2% Straight LinePlant and machinery Based on Estimated Life of the assetMotor vehicles 20% Straight LineFurniture, fittings and equipment Based on Estimated Life of the asset

ASHTON CARE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 48 45

ASHTON CARE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 11,200,467 1,078,542 1,901,020 28,239 14,208,268
Additions 5,316 107,974 113,290
Disposals
Revaluations
Transfers
At 31 December 2022 11,200,467 1,083,858 2,008,994 28,239 14,321,558
Depreciation
At 1 January 2022 1,092,853 1,003,010 745,706 25,213 2,866,782
Charge for year 79,110 66,645 170,149 3,026 318,930
On disposals
Other adjustments 36,129 36,129
At 31 December 2022 1,208,092 1,069,655 915,855 28,239 3,221,841
Net book value
At 31 December 2022 9,992,375 14,203 1,093,139 0 11,099,717
At 31 December 2021 10,107,614 75,532 1,155,314 3,026 11,341,486

ASHTON CARE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Trade debtors 292,617 273,322
Other debtors 1,441,001 446,318
Total 1,733,618 719,640
Debtors due after more than one year: 1,399,268 431,818

ASHTON CARE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 369,665 369,665
Trade creditors 85,458 128,288
Taxation and social security 57,449 146,934
Accruals and deferred income 42,911
Total 555,483 644,887

ASHTON CARE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

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

2022 2021
£ £
Bank loans and overdrafts 3,896,275 4,009,452
Other creditors 3,177,355 3,114,621
Total 7,073,630 7,124,073