IRIS Accounts Production v24.1.9.2 06028643 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060286432022-12-31060286432023-12-31060286432023-01-012023-12-31060286432021-12-31060286432022-01-012022-12-31060286432022-12-3106028643ns15:EnglandWales2023-01-012023-12-3106028643ns14:PoundSterling2023-01-012023-12-3106028643ns10:Director12023-01-012023-12-3106028643ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106028643ns10:SmallEntities2023-01-012023-12-3106028643ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106028643ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106028643ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106028643ns10:FullAccounts2023-01-012023-12-310602864312023-01-012023-12-3106028643ns5:CurrentFinancialInstruments2023-12-3106028643ns5:CurrentFinancialInstruments2022-12-3106028643ns5:Non-currentFinancialInstruments2023-12-3106028643ns5:Non-currentFinancialInstruments2022-12-3106028643ns5:ShareCapital2023-12-3106028643ns5:ShareCapital2022-12-3106028643ns5:RetainedEarningsAccumulatedLosses2023-12-3106028643ns5:RetainedEarningsAccumulatedLosses2022-12-3106028643ns10:RegisteredOffice2023-01-012023-12-310602864312023-01-012023-12-3106028643ns5:NetGoodwill2023-01-012023-12-3106028643ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106028643ns5:NetGoodwill2022-12-3106028643ns5:NetGoodwill2023-12-3106028643ns5:NetGoodwill2022-12-3106028643ns5:LandBuildings2022-12-3106028643ns5:PlantMachinery2022-12-3106028643ns5:FurnitureFittings2022-12-3106028643ns5:MotorVehicles2022-12-3106028643ns5:LandBuildings2023-01-012023-12-3106028643ns5:PlantMachinery2023-01-012023-12-3106028643ns5:FurnitureFittings2023-01-012023-12-3106028643ns5:MotorVehicles2023-01-012023-12-3106028643ns5:LandBuildings2023-12-3106028643ns5:PlantMachinery2023-12-3106028643ns5:FurnitureFittings2023-12-3106028643ns5:MotorVehicles2023-12-3106028643ns5:LandBuildings2022-12-3106028643ns5:PlantMachinery2022-12-3106028643ns5:FurnitureFittings2022-12-3106028643ns5:MotorVehicles2022-12-3106028643ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106028643ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106028643ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-3106028643ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-12-3106028643ns5:CurrentFinancialInstruments2023-01-012023-12-3106028643ns5:Non-currentFinancialInstruments2023-01-012023-12-31
REGISTERED NUMBER: 06028643 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hellendoorn Healthcare Limited

Hellendoorn Healthcare Limited (Registered number: 06028643)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


Hellendoorn Healthcare Limited (Registered number: 06028643)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
Fixed assets
Intangible assets 5 38,000 40,000
Tangible assets 6 3,538,518 3,267,513
3,576,518 3,307,513

Current assets
Stocks 10,000 10,000
Debtors 7 1,563,048 1,276,815
Cash at bank and in hand 2,322 57,599
1,575,370 1,344,414
Creditors
Amounts falling due within one year 8 (716,341 ) (746,357 )
Net current assets 859,029 598,057
Total assets less current liabilities 4,435,547 3,905,570

Creditors
Amounts falling due after more than one
year

9

(3,380,750

)

(3,187,663

)

Provisions for liabilities (108,137 ) (108,218 )
Net assets 946,660 609,689

Capital and reserves
Called up share capital 99 99
Retained earnings 946,561 609,590
946,660 609,689

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.

Hellendoorn Healthcare Limited (Registered number: 06028643)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mrs H J Hellendoorn - Director


Hellendoorn Healthcare Limited (Registered number: 06028643)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. Statutory information

Hellendoorn Healthcare 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: 06028643

Registered office: Willow Grange
Grays Lane
Wissett
Suffolk
IP19 0JR

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


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements in conformity with IFRS requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Given the straightforward operations and financial position of the company, there are not considered to be any key sources of judgement or estimation uncertainty within these financial statements.

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 2018, is being amortised evenly over its estimated useful life of twenty five 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.

Hellendoorn Healthcare Limited (Registered number: 06028643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - straight line over 50 years
Plant and machinery - 25% straight line
Motor vehicles - 25% straight line
Fixtures and fittings - 10 straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.


Hellendoorn Healthcare Limited (Registered number: 06028643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. 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.

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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Hellendoorn Healthcare Limited (Registered number: 06028643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - straight line over 1 year
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

4. Employees and directors

The average number of employees during the year was 73 (2022 - 82 ) .

5. Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023
and 31 December 2023 252,670
Amortisation
At 1 January 2023 212,670
Amortisation for year 2,000
At 31 December 2023 214,670
Net book value
At 31 December 2023 38,000
At 31 December 2022 40,000

Hellendoorn Healthcare Limited (Registered number: 06028643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 January 2023 3,536,795 81,139 520,972 182,223 4,321,129
Additions 585,293 4,796 - - 590,089
Disposals (183,402 ) - - (76,473 ) (259,875 )
At 31 December 2023 3,938,686 85,935 520,972 105,750 4,651,343
Depreciation
At 1 January 2023 557,032 77,954 296,674 121,956 1,053,616
Charge for year 73,932 3,758 33,742 26,437 137,869
Eliminated on disposal (11,747 ) - - (66,913 ) (78,660 )
At 31 December 2023 619,217 81,712 330,416 81,480 1,112,825
Net book value
At 31 December 2023 3,319,469 4,223 190,556 24,270 3,538,518
At 31 December 2022 2,979,763 3,185 224,298 60,267 3,267,513

7. Debtors
2023 2022
£ £
Amounts falling due within one year:
Other debtors 1,563,048 1,274,913

Amounts falling due after more than one year:
Trade debtors - 1,902

Aggregate amounts 1,563,048 1,276,815

8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 308,710 528,163
Trade creditors 37,367 26,006
Taxation and social security 303,817 111,820
Other creditors 66,447 80,368
716,341 746,357

Hellendoorn Healthcare Limited (Registered number: 06028643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. Creditors: amounts falling due within one year - continued

Bank loans are secured by a fixed and floating charge over the assets of the company.

Included within other creditors are hire purchase balances of £20,448 (2022 : £47,604) that are secured on the assets to which they relate.

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 3,378,265 3,165,250
Other creditors 2,485 22,413
3,380,750 3,187,663

Bank loans are secured by a fixed and floating charge over the assets of the company.

Included within other creditors are hire purchase balances of £2,485 (2022 : £22,413) that are secured on the assets to which they relate.

10. Leasing agreements
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

During the year a new lease agreement was entered into for the part rental of of one the care homes for £20,000 per annum over 10 years.

11. Directors loan account

As at the 31 December 2023 the directors owed the company £143,033 (2022 : £231,202) being the balance on their overdrawn directors loan accounts. The maximum balance outstanding during the year was £343,982 (2022 : £376,320).