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REGISTERED NUMBER: 06760349 (England and Wales)















HOMECROFT RESIDENTIAL HOME LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






HOMECROFT RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 06760349)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


HOMECROFT RESIDENTIAL HOME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: G T Murch
N G Murch





SECRETARY:





REGISTERED OFFICE: Wyndley Grange Nursing Home
2 Somerville Road
Sutton Coldfield
West Midlands
B73 6JA





REGISTERED NUMBER: 06760349 (England and Wales)





AUDITORS: Four Oaks Taxation & Accounting Services Limited
(Statutory Auditor)
Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG

HOMECROFT RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 06760349)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,413 12,523

CURRENT ASSETS
Debtors 5 80,204 143,427
Cash at bank 102,190 44,061
182,394 187,488
CREDITORS
Amounts falling due within one year 6 88,246 76,893
NET CURRENT ASSETS 94,148 110,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,561

123,118

CREDITORS
Amounts falling due after more than one
year

7

-

(28,368

)

PROVISIONS FOR LIABILITIES (2,854 ) (2,380 )
NET ASSETS 102,707 92,370

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 102,607 92,270
SHAREHOLDERS' FUNDS 102,707 92,370

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 Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





N G Murch - Director


HOMECROFT RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 06760349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Homecroft Residential 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 25 ) .

HOMECROFT RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 06760349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 2,857 27,691 23,358 53,906
Additions - 3,293 - 3,293
At 31 July 2023 2,857 30,984 23,358 57,199
DEPRECIATION
At 1 August 2022 2,653 16,182 22,548 41,383
Charge for year 52 3,701 650 4,403
At 31 July 2023 2,705 19,883 23,198 45,786
NET BOOK VALUE
At 31 July 2023 152 11,101 160 11,413
At 31 July 2022 204 11,509 810 12,523

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 19,224 26,854
Other debtors 1,086 2,904
20,310 29,758

Amounts falling due after more than one year:
Amounts owed by group undertakings 59,894 113,669

Aggregate amounts 80,204 143,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,588 3,323
Trade creditors 50,751 46,334
Taxation and social security 16,907 27,236
Other creditors 15,000 -
88,246 76,893

HOMECROFT RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 06760349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings - 28,368

8. SECURED DEBTS

There are cross guarantees and debentures with the parent company, Homecroft (Four Oaks) Limited and a fellow subsidiary, Homecroft (Wyndley Grange) Limited.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr M J Rudd FCA CTA (Senior Statutory Auditor)
for and on behalf of Four Oaks Taxation & Accounting Services Limited

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors of Homecroft (Four Oaks) Limited.