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REGISTERED NUMBER: 05523627 (England and Wales)










Conifers Care Homes Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2023






Conifers Care Homes Ltd (Registered number: 05523627)






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


Conifers Care Homes Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Dr A Trehan
Mrs S Trehan
Mrs V Van-Manen
Mrs N Grogan





SECRETARY: Mrs S Trehan





REGISTERED OFFICE: 62 Carrwood
Hale Barns
Altrincham
Cheshire
WA15 0EP





REGISTERED NUMBER: 05523627 (England and Wales)





ACCOUNTANTS: SKS Shacter Cohen & Bor Ltd
Chartered Accountants
31 Sackville Street
Manchester
M1 3LZ

Conifers Care Homes Ltd (Registered number: 05523627)

Balance Sheet
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 2,240,505 2,294,385
Tangible assets 6 15,591 20,788
2,256,096 2,315,173

CURRENT ASSETS
Stocks 6,500 6,500
Debtors 7 358,473 359,504
Cash at bank and in hand 1,192,161 640,414
1,557,134 1,006,418
CREDITORS
Amounts falling due within one year 8 (604,670 ) (635,198 )
NET CURRENT ASSETS 952,464 371,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,208,560

2,686,393

PROVISIONS FOR LIABILITIES (4,932 ) (4,908 )
NET ASSETS 3,203,628 2,681,485

CAPITAL AND RESERVES
Called up share capital 9 2,710,100 2,710,100
Retained earnings 493,528 (28,615 )
SHAREHOLDERS' FUNDS 3,203,628 2,681,485

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 directors acknowledge their 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.

Conifers Care Homes Ltd (Registered number: 05523627)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by:





Dr A Trehan - Director


Conifers Care Homes Ltd (Registered number: 05523627)

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

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
62 Carrwood
Hale Barns
Altrincham
Cheshire
WA15 0EP

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. ACCOUNTING POLICIES

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

TAX
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

TANGIBLE ASSETS
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.


Conifers Care Homes Ltd (Registered number: 05523627)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate
Plant and machinery 25% reducing balance
Fixtures and fittings 25% reducing balance
Motor vehicles 25% reducing balance
Equipment 25% reducing balance

GOODWILL
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

AMORTISATION
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class Amortisation method and rate
Goodwill 2% straight line

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.


Conifers Care Homes Ltd (Registered number: 05523627)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2022 - 67 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 2,693,995
AMORTISATION
At 1 September 2022 399,610
Amortisation for year 53,880
At 31 August 2023 453,490
NET BOOK VALUE
At 31 August 2023 2,240,505
At 31 August 2022 2,294,385

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022
and 31 August 2023 40,333 9,487 7,500 14,075 71,395
DEPRECIATION
At 1 September 2022 31,721 5,742 2,137 11,007 50,607
Charge for year 2,153 936 1,341 767 5,197
At 31 August 2023 33,874 6,678 3,478 11,774 55,804
NET BOOK VALUE
At 31 August 2023 6,459 2,809 4,022 2,301 15,591
At 31 August 2022 8,612 3,745 5,363 3,068 20,788

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 129,301 131,195
Other debtors 229,172 228,309
358,473 359,504

Conifers Care Homes Ltd (Registered number: 05523627)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 61,567 54,418
Taxation and social security 187,201 78,755
Other creditors 355,902 502,025
604,670 635,198

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary share 1 100 100
2,710,000 Preference share 1 2,710,000 2,710,000
2,710,100 2,710,100