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REGISTERED NUMBER: 09751178 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31ST DECEMBER 2021 TO 29TH DECEMBER 2022

FOR

STONE HOUSE CARE HOME LTD

STONE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09751178)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31ST DECEMBER 2021 TO 29TH DECEMBER 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

STONE HOUSE CARE HOME LTD

COMPANY INFORMATION
FOR THE PERIOD 31ST DECEMBER 2021 TO 29TH DECEMBER 2022







DIRECTORS: G Tesler
A Tesler





SECRETARY: A Tesler





REGISTERED OFFICE: 155a Clapton Common
London
E5 9AE





REGISTERED NUMBER: 09751178 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW

STONE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09751178)

STATEMENT OF FINANCIAL POSITION
29TH DECEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 464,781 499,685
Tangible assets 5 1,268,783 1,301,223
1,733,564 1,800,908

CURRENT ASSETS
Debtors 6 61,925 64,544
Cash at bank and in hand 18,072 20,652
79,997 85,196
CREDITORS
Amounts falling due within one year 7 (998,439 ) (806,735 )
NET CURRENT LIABILITIES (918,442 ) (721,539 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

815,122

1,079,369

CREDITORS
Amounts falling due after more than one
year

8

(910,264

)

(997,473

)
NET (LIABILITIES)/ASSETS (95,142 ) 81,896

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (95,242 ) 81,796
SHAREHOLDERS' FUNDS (95,142 ) 81,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th December 2022 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.

STONE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09751178)

STATEMENT OF FINANCIAL POSITION - continued
29TH DECEMBER 2022


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 4th April 2024 and were signed on its behalf by:





G Tesler - Director


STONE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09751178)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31ST DECEMBER 2021 TO 29TH DECEMBER 2022


1. STATUTORY INFORMATION

Stone House Care Home Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2015, 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.

An impairment loss has been recognised in the Statement of Comprehensive Income, following an assessment at the Statement of Financial Position date indicating the recoverable amount was less than its carrying value.

Other intangible fixed assets are being amortised evenly over their estimated useful life of 6 and 7 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the period 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 statement of financial position date.

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.

STONE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09751178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST DECEMBER 2021 TO 29TH DECEMBER 2022


2. ACCOUNTING POLICIES - continued

Interest payable
Interest payable is charged to the profit and loss account on an accruals basis.

Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Section 12 ' Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

STONE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09751178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST DECEMBER 2021 TO 29TH DECEMBER 2022


2. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and where material the changes in fair value are recognised in the Statement of Total Comprehensive Income, except that investments in equity instruments that are not publicly traded and whose fair value cannot be measured reliably are measured at cost less impairment

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the life of the debt instrument to the net carrying amount on initial recognition

Impairment of financial assets
Financial assets, other than those held at fair value are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the Statement of Total Comprehensive Income
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest .

Trade creditors are obligations to pay for goods or services that have been acquired that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one year or less. If not, they are present as non current liabilities. Short term creditors are initially recognised at transaction price and where material are subsequently measured at amortised cost using the effective interest method

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

Leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 38 (2021 - 39 ) .

STONE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09751178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST DECEMBER 2021 TO 29TH DECEMBER 2022


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31st December 2021
and 29th December 2022 700,000
AMORTISATION
At 31st December 2021 200,315
Charge for period 34,904
At 29th December 2022 235,219
NET BOOK VALUE
At 29th December 2022 464,781
At 30th December 2021 499,685

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31st December 2021 1,439,918 228,573 1,668,491
Additions - 5,487 5,487
At 29th December 2022 1,439,918 234,060 1,673,978
DEPRECIATION
At 31st December 2021 164,820 202,448 367,268
Charge for period 28,719 9,208 37,927
At 29th December 2022 193,539 211,656 405,195
NET BOOK VALUE
At 29th December 2022 1,246,379 22,404 1,268,783
At 30th December 2021 1,275,098 26,125 1,301,223

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 61,418 61,418
Other debtors 507 3,126
61,925 64,544

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 95,180 108,319
Trade creditors 74,510 96,875
Taxation and social security 100,077 69,240
Other creditors 728,672 532,301
998,439 806,735

STONE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09751178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST DECEMBER 2021 TO 29TH DECEMBER 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 910,264 997,473

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 568,194 545,567

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 999,740 1,105,792

The bank loans are secured by way of a fixed charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 31st December 2021 81,796
Deficit for the period (177,038 )
At 29th December 2022 (95,242 )

12. RELATED PARTY DISCLOSURES

G Tesler
Director


2022 2021
£    £   
Amount due to related party at the balance sheet date 201,297 196,583

Omega Financial Consultants Limited

A company under common control


2022 2021
£    £   
Amount due to related party at the balance sheet date 27,950 27,950

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STONE HOUSE CARE HOME LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stone House Care Home Ltd for the period ended 29th December 2022 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Stone House Care Home Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stone House Care Home Ltd and state those matters that we have agreed to state to the Board of Directors of Stone House Care Home Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stone House Care Home Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stone House Care Home Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Stone House Care Home Ltd. You consider that Stone House Care Home Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Stone House Care Home Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW


4th April 2024