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REGISTERED NUMBER: 08444760 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Cedar House Care Home Limited

Cedar House Care Home Limited (Registered number: 08444760)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cedar House Care Home Limited (Registered number: 08444760)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,019,867 4,045,458

CURRENT ASSETS
Debtors 5 2,258,263 2,169,435
Cash at bank 6 2,851 136,007
2,261,114 2,305,442
CREDITORS
Amounts falling due within one year 7 1,828,468 1,885,128
NET CURRENT ASSETS 432,646 420,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,452,513

4,465,772

CREDITORS
Amounts falling due after more than one
year

8

(3,082,756

)

(3,265,135

)

PROVISIONS FOR LIABILITIES (37,353 ) (25,320 )
NET ASSETS 1,332,404 1,175,317

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 1,332,403 1,175,316
SHAREHOLDERS' FUNDS 1,332,404 1,175,317

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 director acknowledges his 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.

Cedar House Care Home Limited (Registered number: 08444760)

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.

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 director and authorised for issue on 12 April 2024 and were signed by:





A S Cohen - Director


Cedar House Care Home Limited (Registered number: 08444760)

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

1. STATUTORY INFORMATION

Cedar House Care Home 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: 08444760

Registered office: 5 Spring Villa Road
Edgware
HA8 7EB

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Cedar House Care Home Limited (Registered number: 08444760)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2022 - 58 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 3,903,647 19,615 285,599 41,471 4,250,332
Additions - - 24,547 - 24,547
At 30 June 2023 3,903,647 19,615 310,146 41,471 4,274,879
DEPRECIATION
At 1 July 2022 - 16,124 154,447 34,303 204,874
Charge for year - 873 47,473 1,792 50,138
At 30 June 2023 - 16,997 201,920 36,095 255,012
NET BOOK VALUE
At 30 June 2023 3,903,647 2,618 108,226 5,376 4,019,867
At 30 June 2022 3,903,647 3,491 131,152 7,168 4,045,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 43,151 58,312
Loan to associate company 2,215,112 2,104,737
Other debtors - 6,386
2,258,263 2,169,435

6. CASH AT BANK
30.6.23 30.6.22
£    £   
NatWest current account 2,851 136,007

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts (see note 9) 858,048 896,026
Payments on account - 4,454
Loan from associate company 492,057 515,068
Tax 220,380 243,737
Social security and other taxes 15,517 13,403
Other creditors 124,401 125,934
Directors' current accounts 81,249 56,774
Deferred income 6,831 13,396
Accrued expenses 29,985 16,336
1,828,468 1,885,128

Cedar House Care Home Limited (Registered number: 08444760)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans (see note 9) 3,082,756 3,265,135

Amounts falling due in more than five years:

Repayable by instalments
NatWest Bank Loan 2767 1,979,953 2,076,901
NatWest Bank Loan 1,102,803 1,188,234
3,082,756 3,265,135

9. 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:
NatWest Development Loan 858,048 896,026

Amounts falling due in more than five years:

Repayable by instalments
NatWest Bank Loan 2767 1,979,953 2,076,901
NatWest Bank Loan 1,102,803 1,188,234
3,082,756 3,265,135

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 3,940,804 4,161,161

The bank loans are secure on the freehold properties of the company and its associated company Meadowbank Healthcare Limited.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary £1 1 1

Cedar House Care Home Limited (Registered number: 08444760)

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

12. RESERVES
Retained
earnings
£   

At 1 July 2022 1,175,316
Profit for the year 309,087
Dividends (152,000 )
At 30 June 2023 1,332,403