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REGISTERED NUMBER: 10672624 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

HIGHGROVE HOUSE CAREHOME LIMITED

HIGHGROVE HOUSE CAREHOME LIMITED (REGISTERED NUMBER: 10672624)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


HIGHGROVE HOUSE CAREHOME LIMITED (REGISTERED NUMBER: 10672624)

Abridged Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 462,000 495,000
Tangible assets 5 1,124,947 1,167,805
1,586,947 1,662,805

CURRENT ASSETS
Stocks 1,300 1,300
Debtors 397,918 50,562
Cash at bank and in hand 50,391 728,087
449,609 779,949
CREDITORS
Amounts falling due within one year 489,122 973,049
NET CURRENT LIABILITIES (39,513 ) (193,100 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,547,434 1,469,705

CREDITORS
Amounts falling due after more than one year (794,309 ) (839,716 )

PROVISIONS FOR LIABILITIES (10,326 ) (12,844 )
NET ASSETS 742,799 617,145

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 742,699 617,045
SHAREHOLDERS' FUNDS 742,799 617,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

HIGHGROVE HOUSE CAREHOME LIMITED (REGISTERED NUMBER: 10672624)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





N S Chahal - Director


HIGHGROVE HOUSE CAREHOME LIMITED (REGISTERED NUMBER: 10672624)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Highgrove House Carehome Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10672624

Registered office: 32/34 Winchester Road
Worthing
West Sussex
BN11 4DH

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.

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 twenty years.

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
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Freehold property2%Fixed rate
Fixtures and fittings20%Fixed rate
Computer equipment33%Fixed rate

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


HIGHGROVE HOUSE CAREHOME LIMITED (REGISTERED NUMBER: 10672624)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

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 25 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 660,000
AMORTISATION
At 1 July 2022 165,000
Amortisation for year 33,000
At 30 June 2023 198,000
NET BOOK VALUE

At 30 June 2023 462,000
At 30 June 2022 495,000

HIGHGROVE HOUSE CAREHOME LIMITED (REGISTERED NUMBER: 10672624)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 1,349,190
Additions 2,533
At 30 June 2023 1,351,723
DEPRECIATION
At 1 July 2022 181,385
Charge for year 45,391
At 30 June 2023 226,776
NET BOOK VALUE
At 30 June 2023 1,124,947
At 30 June 2022 1,167,805

6. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 45,406 40,284

Amounts falling due between one and two years:
Bank loans 47,561 45,406

Amounts falling due between two and five years:
Bank loans 746,748 794,310

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 839,715 880,000

The bank loan is secured by a fixed and floating charge over the companies assets.

HIGHGROVE HOUSE CAREHOME LIMITED (REGISTERED NUMBER: 10672624)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100