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REGISTERED NUMBER: 05869596 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PARK HOUSE CARE (UK) LTD

PARK HOUSE CARE (UK) LTD (REGISTERED NUMBER: 05869596)

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










Page

Balance sheet 1

Notes to the financial statements 2


PARK HOUSE CARE (UK) LTD (REGISTERED NUMBER: 05869596)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 19,540 20,728

Current assets
Debtors 5 176,050 187,359
Cash at bank and in hand 58 74
176,108 187,433
Creditors
Amounts falling due within one year 6 142,765 129,001
Net current assets 33,343 58,432
Total assets less current liabilities 52,883 79,160

Creditors
Amounts falling due after more than one year 7 (15,000 ) (25,000 )

Provisions for liabilities 8 (3,273 ) (3,242 )
Net assets 34,610 50,918

Capital and reserves
Called up share capital 9 100 100
Retained earnings 34,510 50,818
Shareholders' funds 34,610 50,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:



Mrs K E Cannie - Director


PARK HOUSE CARE (UK) LTD (REGISTERED NUMBER: 05869596)

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


1. Statutory information

Park House Care (UK) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05869596. The registered office and business address is Park House, Martinstown, Dorchester, Dorset, DT2 9JN.

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 represents amounts received for care services provided during the year.

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
Fixtures and fittings - 15% 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 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.

Hire purchase and 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 21 (2022 - 23 ) .

PARK HOUSE CARE (UK) LTD (REGISTERED NUMBER: 05869596)

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


4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 January 2023 - 142,134 8,993 151,127
Additions 150 2,026 130 2,306
At 31 December 2023 150 144,160 9,123 153,433
Depreciation
At 1 January 2023 - 121,406 8,993 130,399
Charge for year 38 3,413 43 3,494
At 31 December 2023 38 124,819 9,036 133,893
Net book value
At 31 December 2023 112 19,341 87 19,540
At 31 December 2022 - 20,728 - 20,728

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 5,667 14,951
Other debtors 38,946 39,599
Directors' current accounts 122,857 123,542
Prepayments and accrued income 8,580 9,267
176,050 187,359

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 27,589 28,431
Trade creditors 15,301 12,094
Tax 26,447 17,742
Social security and other taxes 7,846 7,544
Pensions owing 1,435 1,302
Other creditors 13,529 15,738
Accruals and deferred income 50,618 46,150
142,765 129,001

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 15,000
15,000 25,000

PARK HOUSE CARE (UK) LTD (REGISTERED NUMBER: 05869596)

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


8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 3,273 3,242

Deferred
tax
£   
Balance at 1 January 2023 3,242
Charge to Income statement during year 31
Balance at 31 December 2023 3,273

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr S S Cannie and Mrs K E Cannie
Balance outstanding at start of year 123,542 132,610
Amounts advanced 175,882 155,515
Amounts repaid (176,567 ) (164,583 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 122,857 123,542

At the year end the directors, Mr S and Mrs K Cannie, owed the company amounts totalling £122,857 (2022: £123,542), which are included within Debtors: amounts falling due within one year. The balance at the start of the year was the maximum amount owing throughout the year.

11. Ultimate controlling party

The company is under the control of the directors, by virtue of their combined ownership of 100% of the issued share capital of the company.