Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Mr R A Sutton 01/06/2002 29 March 2024 The principal activity of the Company during the financial year was the operation of residential retirement homes and supported living services. 04419372 2023-06-30 04419372 bus:Director1 2023-06-30 04419372 2022-06-30 04419372 core:CurrentFinancialInstruments 2023-06-30 04419372 core:CurrentFinancialInstruments 2022-06-30 04419372 core:Non-currentFinancialInstruments 2023-06-30 04419372 core:Non-currentFinancialInstruments 2022-06-30 04419372 core:ShareCapital 2023-06-30 04419372 core:ShareCapital 2022-06-30 04419372 core:RetainedEarningsAccumulatedLosses 2023-06-30 04419372 core:RetainedEarningsAccumulatedLosses 2022-06-30 04419372 core:Goodwill 2022-06-30 04419372 core:Goodwill 2023-06-30 04419372 core:LandBuildings 2022-06-30 04419372 core:Vehicles 2022-06-30 04419372 core:FurnitureFittings 2022-06-30 04419372 core:LandBuildings 2023-06-30 04419372 core:Vehicles 2023-06-30 04419372 core:FurnitureFittings 2023-06-30 04419372 2021-06-30 04419372 bus:OrdinaryShareClass1 2023-06-30 04419372 2022-07-01 2023-06-30 04419372 bus:FilletedAccounts 2022-07-01 2023-06-30 04419372 bus:SmallEntities 2022-07-01 2023-06-30 04419372 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 04419372 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 04419372 bus:Director1 2022-07-01 2023-06-30 04419372 core:Goodwill core:TopRangeValue 2022-07-01 2023-06-30 04419372 core:LandBuildings core:TopRangeValue 2022-07-01 2023-06-30 04419372 core:Vehicles core:TopRangeValue 2022-07-01 2023-06-30 04419372 core:FurnitureFittings core:TopRangeValue 2022-07-01 2023-06-30 04419372 2021-07-01 2022-06-30 04419372 core:LandBuildings 2022-07-01 2023-06-30 04419372 core:Vehicles 2022-07-01 2023-06-30 04419372 core:FurnitureFittings 2022-07-01 2023-06-30 04419372 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 04419372 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04419372 (England and Wales)

OGWELL GRANGE LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

OGWELL GRANGE LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

OGWELL GRANGE LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2023
OGWELL GRANGE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2023
DIRECTOR Mr R A Sutton
SECRETARY Mrs R J Sutton
REGISTERED OFFICE Ogwell Grange
Rectory Road
East Ogwell
Newton Abbot
Devon
TQ126AH
United Kingdom
COMPANY NUMBER 04419372 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
OGWELL GRANGE LIMITED

BALANCE SHEET

As at 30 June 2023
OGWELL GRANGE LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 30.06.2023 30.06.2022
£ £
Fixed assets
Tangible assets 4 2,352 1,593,822
2,352 1,593,822
Current assets
Stocks 5 3,000 3,000
Debtors 340,451 0
Cash at bank and in hand 6 157,467 476,097
500,918 479,097
Creditors: amounts falling due within one year 7 ( 187,993) ( 190,706)
Net current assets 312,925 288,391
Total assets less current liabilities 315,277 1,882,213
Creditors: amounts falling due after more than one year 0 ( 25,169)
Net assets 315,277 1,857,044
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 315,177 1,856,944
Total shareholder's funds 315,277 1,857,044

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Ogwell Grange Limited (registered number: 04419372) were approved and authorised for issue by the Director on 29 March 2024. They were signed on its behalf by:

Mr R A Sutton
Director
OGWELL GRANGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
OGWELL GRANGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ogwell Grange Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ogwell Grange, Rectory Road, East Ogwell, Newton Abbot, Devon, TQ126AH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services made during the year in the ordinary course of the company's activities. Turnover is shown net of rebates and discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Land and buildings 50 years straight line
Vehicles 5 years straight line
Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

30.06.2023 30.06.2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 74 72

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 July 2022 55,000 55,000
At 30 June 2023 55,000 55,000
Accumulated amortisation
At 01 July 2022 55,000 55,000
At 30 June 2023 55,000 55,000
Net book value
At 30 June 2023 0 0
At 30 June 2022 0 0

4. Tangible assets

Land and buildings Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 July 2022 2,148,171 53,944 128,410 2,330,525
Additions 29,564 0 0 29,564
Disposals ( 2,177,735) 0 ( 128,410) ( 2,306,145)
At 30 June 2023 0 53,944 0 53,944
Accumulated depreciation
At 01 July 2022 557,877 50,416 128,410 736,703
Charge for the financial year 0 1,176 0 1,176
Disposals ( 557,877) 0 ( 128,410) ( 686,287)
At 30 June 2023 0 51,592 0 51,592
Net book value
At 30 June 2023 0 2,352 0 2,352
At 30 June 2022 1,590,294 3,528 0 1,593,822

5. Stocks

30.06.2023 30.06.2022
£ £
Stocks 3,000 3,000

6. Cash and cash equivalents

30.06.2023 30.06.2022
£ £
Cash at bank and in hand 157,467 476,097

7. Creditors: amounts falling due within one year

30.06.2023 30.06.2022
£ £
Trade creditors 29,497 26,524
Taxation and social security 64,370 44,836
Other creditors 94,126 119,346
187,993 190,706

8. Deferred tax

30.06.2023 30.06.2022
£ £
At the beginning of financial year ( 25,169) ( 25,147)
Charged to the Statement of Income and Retained Earnings 0 ( 22)
At the end of financial year ( 25,169) ( 25,169)

9. Called-up share capital

30.06.2023 30.06.2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100