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REGISTERED NUMBER: 04887681 (England and Wales)



















Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 October 2023

for

Beaumont Lodge Limited

Beaumont Lodge Limited (Registered number: 04887681)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Profit and Loss Account 7

Balance Sheet 8

Statement of Changes in Equity 9

Notes to the Financial Statements 10


Beaumont Lodge Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D Roopun
Mrs C Roopun





REGISTERED OFFICE: 19-21 Heatherley Road
Camberley
Surrey
GU15 3LX





REGISTERED NUMBER: 04887681 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Beaumont Lodge Limited (Registered number: 04887681)

Strategic Report
for the Year Ended 31 October 2023

The directors present their strategic report for the year ended 31 October 2023.

The company's principal activity continues to be that of the provision of residential care. A small amount of rental of commercial property to third parties is also carried out.

REVIEW OF BUSINESS
Turnover has increased by 5.3% but profit before tax has decreased to £588k (2022 - £678k). This is due to an increase in repair costs.

PRINCIPAL RISKS AND UNCERTAINTIES
The management of the business and the execution of the company's strategy are subject to several risks. The key business risks and uncertainties affecting the company relate to staffing shortages, costs and consequences of negative CQC inspection comments despite having taken all steps to ensure otherwise.

KEY PERFORMANCE INDICATORS
The company's directors are of the opinion that no further analysis using KPIs is required at this time in addition to the monitoring of costs through management accounts and internal reports produced already.

STRATEGY
The strategy of the company is to continually improve standards of care for its users through well maintained facilities, quality staff and regular monitoring of all other aspects of care provision.

FINANCIAL RISK MANAGEMENT, OBJECTIVES AND POLICIES
The company uses basic financial instruments, comprising bank borrowings, its own cash reserves and various other items such as creditors arising directly from operations. The main purpose of these financial instruments is to maintain finance for the company's operations. The main risks arising from the company's financial instruments are interest rate risk and liquidity risk these are managed in the summary below:

Interest rate risk
The company finances its operations through a mixture of retained profits, director's loan accounts and bank borrowings. The company's exposure to interest rate fluctuations on its borrowing is managed on a group basis.

Liquidity risk
The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. Primarily this was achieved through its cash reserves and operations. Borrowings are used to fund acquisitions of new businesses.

ON BEHALF OF THE BOARD:





D Roopun - Director


29 July 2024

Beaumont Lodge Limited (Registered number: 04887681)

Report of the Directors
for the Year Ended 31 October 2023

The directors present their report with the financial statements of the company for the year ended 31 October 2023.

DIVIDENDS
The total distribution of dividends for the year ended 31 October 2023 will be £ 4,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

D Roopun
Mrs C Roopun

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





D Roopun - Director


29 July 2024

Report of the Independent Auditors to the Members of
Beaumont Lodge Limited

Opinion
We have audited the financial statements of Beaumont Lodge Limited (the 'company') for the year ended 31 October 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 October 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Beaumont Lodge Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the care industry and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included:

- Enquiry of management around actual and potential litigation and claims;
- Reviewing financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations;
- Performing audit work over the risk of management override of controls, including testing of
journal entries and other adjustments for appropriateness, evaluating the business rationale of
significant transactions outside the normal course of business and reviewing accounting estimates
for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Beaumont Lodge Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Wayne Thomas ACA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

30 July 2024

Beaumont Lodge Limited (Registered number: 04887681)

Profit and Loss Account
for the Year Ended 31 October 2023

2023 2022
Notes £    £    £    £   

TURNOVER 1,929,116 1,832,648

Cost of sales 97,021 78,326
GROSS PROFIT 1,832,095 1,754,322

Administrative expenses 1,590,104 1,501,773
241,991 252,549

Other operating income 337,600 392,788
OPERATING PROFIT 4 579,591 645,337

Income from shares in group
undertakings

-

20,510
Interest receivable and similar income 15,753 12,570
15,753 33,080
595,344 678,417

Interest payable and similar expenses 5 7,482 416
PROFIT BEFORE TAXATION 587,862 678,001

Tax on profit 6 107,669 126,444
PROFIT FOR THE FINANCIAL YEAR 480,193 551,557

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

480,193

551,557

Beaumont Lodge Limited (Registered number: 04887681)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 1,275,790 1,248,293
Investments 10 77 77
Investment property 11 325,758 325,758
1,601,625 1,574,128

CURRENT ASSETS
Stocks 12 950 950
Debtors 13 1,600,328 797,965
Cash at bank and in hand 68,039 400,116
1,669,317 1,199,031
CREDITORS
Amounts falling due within one year 14 211,726 190,136
NET CURRENT ASSETS 1,457,591 1,008,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,059,216

2,583,023

CAPITAL AND RESERVES
Called up share capital 15 100 100
Retained earnings 16 3,059,116 2,582,923
SHAREHOLDERS' FUNDS 3,059,216 2,583,023

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:





D Roopun - Director


Beaumont Lodge Limited (Registered number: 04887681)

Statement of Changes in Equity
for the Year Ended 31 October 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 November 2021 100 5,516,933 5,517,033

Changes in equity
Dividends - (3,485,567 ) (3,485,567 )
Total comprehensive income - 551,557 551,557
Balance at 31 October 2022 100 2,582,923 2,583,023

Changes in equity
Dividends - (4,000 ) (4,000 )
Total comprehensive income - 480,193 480,193
Balance at 31 October 2023 100 3,059,116 3,059,216

Beaumont Lodge Limited (Registered number: 04887681)

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

1. STATUTORY INFORMATION

Beaumont Lodge Limited 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements
The financial statements contain information about Beaumont Lodge Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents fees receivable in respect of the value of care services supplied during the year. Fees are accounted for in the year in which the services are provided.

Third party rents and service charges receivable are accounted for in accordance with the lease terms and are included within other operating Income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of 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.

Beaumont Lodge Limited (Registered number: 04887681)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property- 2% on cost
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Grants
Revenue grants are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute.

3. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 893,263 843,483
Social security costs 80,856 77,692
Other pension costs 17,773 17,081
991,892 938,256

Beaumont Lodge Limited (Registered number: 04887681)

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

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2023 2022

Director 1 1
Administrative staff 31 31
32 32

2023 2022
£    £   
Directors' remuneration 8,060 8,060

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 33,245 35,864
Profit on disposal of fixed assets (8,678 ) -
Auditors' remuneration 4,552 6,439
Auditors' remuneration for non audit work 3,554 8,667

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Bank loan interest - 416
Interest on tax 7,482 -
7,482 416

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 107,669 126,444
Tax on profit 107,669 126,444

7. DIVIDENDS
2023 2022
£    £   
Interim 4,000 3,485,567

Beaumont Lodge Limited (Registered number: 04887681)

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

8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 900,000
AMORTISATION
At 1 November 2022
and 31 October 2023 900,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

9. TANGIBLE FIXED ASSETS
Assets in
the Fixtures
Freehold course of and
property construction fittings
£    £    £   
COST
At 1 November 2022 1,198,055 227,465 457,708
Additions - 63,314 -
Disposals - - -
At 31 October 2023 1,198,055 290,779 457,708
DEPRECIATION
At 1 November 2022 239,589 - 401,068
Charge for year 23,961 - 8,496
Eliminated on disposal - - -
At 31 October 2023 263,550 - 409,564
NET BOOK VALUE
At 31 October 2023 934,505 290,779 48,144
At 31 October 2022 958,466 227,465 56,640

Beaumont Lodge Limited (Registered number: 04887681)

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

9. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 69,920 32,158 1,985,306
Additions - - 63,314
Disposals (45,670 ) - (45,670 )
At 31 October 2023 24,250 32,158 2,002,950
DEPRECIATION
At 1 November 2022 64,198 32,158 737,013
Charge for year 788 - 33,245
Eliminated on disposal (43,098 ) - (43,098 )
At 31 October 2023 21,888 32,158 727,160
NET BOOK VALUE
At 31 October 2023 2,362 - 1,275,790
At 31 October 2022 5,722 - 1,248,293

10. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 November 2022
and 31 October 2023 77
NET BOOK VALUE
At 31 October 2023 77
At 31 October 2022 77

The company's investments at the Balance Sheet date in the share capital of companies include the following:


MyPath Limited
Registered office: 19-21 Heatherley Road, Camberley, Surrey, GU15 3LX
Nature of business: Residential care home
%
Class of shares: holding
Ordinary 100.00

Mantra Care Homes Limited
Registered office: 19-21 Heatherley Road, Camberley, Surrey, GU15 3LX
Nature of business: Residential care home
%
Class of shares: holding
Ordinary 100.00

Beaumont Lodge Limited (Registered number: 04887681)

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

10. FIXED ASSET INVESTMENTS - continued

RNR Enterprises Limited
Registered office: 19-21 Heatherley Road, Camberley, Surrey, GU15 3LX
Nature of business: Property investment
%
Class of shares: holding
Ordinary 75.00

11. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 325,758
NET BOOK VALUE
At 31 October 2023 325,758
At 31 October 2022 325,758

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 325,758

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 332,406 332,406
Aggregate depreciation (46,537 ) (39,889 )

Investment property was valued on a fair value basis on 31 October 2023 by the directors .

12. STOCKS
2023 2022
£    £   
Stocks 950 950

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,820 116,608
Amounts owed by group undertakings 1,387,624 562,872
Other debtors 56,972 75,479
Directors' current account 133,872 40,432
Prepayments 3,040 2,574
1,600,328 797,965

Beaumont Lodge Limited (Registered number: 04887681)

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

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 24,127 15,845
Tax 139,173 123,661
Social security and other taxes 24,158 16,459
Other creditors 7,314 10,226
Accrued expenses 16,954 23,945
211,726 190,136

15. CALLED UP SHARE CAPITAL

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

16. RESERVES
Retained
earnings
£   

At 1 November 2022 2,582,923
Profit for the year 480,193
Dividends (4,000 )
At 31 October 2023 3,059,116

17. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have personally guaranteed bank borrowings amounting to £400,000 each.

During the year, a net advance of £93,440 was made to the directors. Interest was charged on this advance at HMRC's official rate and is repayable on demand.

18. RELATED PARTY DISCLOSURES

During the year the company paid rent of £213,740 (2022: £213,740) in respect of premises, owned by the directors, from which the company operates.

During the year, the company received interest of £11,528 (2022: £11,528) from a non-wholly owned subsidiary. Included in debtors is a balance of £277,374 (2022: £277,374) owed from the company.

19. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is Beaumont Lodge Holdings Limited. The registered office of Beaumont Lodge Holdings Limited is 19-21 Heatherley Road, Camberley, Surrey, GU15 3LX. Copies of the consolidated financial statements are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.