IRIS Accounts Production v24.1.9.2 12106379 Board of Directors 31.10.23 1.11.22 31.10.23 31.10.23 residential care homes. true true true false true true false false false false false false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121063792022-10-31121063792023-10-31121063792022-11-012023-10-31121063792021-10-31121063792021-11-012022-10-31121063792022-10-3112106379ns15:EnglandWales2022-11-012023-10-3112106379ns14:PoundSterling2022-11-012023-10-3112106379ns10:Director12022-11-012023-10-3112106379ns10:Consolidated2023-10-3112106379ns10:ConsolidatedGroupCompanyAccounts2022-11-012023-10-3112106379ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3112106379ns10:Consolidatedns10:FRS1022022-11-012023-10-3112106379ns10:Consolidatedns10:Audited2022-11-012023-10-3112106379ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-11-012023-10-3112106379ns10:LargeMedium-sizedCompaniesRegimeForAccounts2022-11-012023-10-3112106379ns10:Consolidatedns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-11-012023-10-3112106379ns10:LargeMedium-sizedCompaniesRegimeForAccountsns10:Consolidated2022-11-012023-10-3112106379ns10:FullAccounts2022-11-012023-10-3112106379ns5:Subsidiary12022-11-012023-10-3112106379ns5:Subsidiary32022-11-012023-10-3112106379ns5:Subsidiary42022-11-012023-10-3112106379ns5:Subsidiary52022-11-012023-10-311210637912022-11-012023-10-3112106379ns10:OrdinaryShareClass12022-11-012023-10-3112106379ns10:Consolidated2022-11-012023-10-3112106379ns10:Director22022-11-012023-10-3112106379ns10:RegisteredOffice2022-11-012023-10-3112106379ns10:Consolidated2021-11-012022-10-3112106379ns5:CurrentFinancialInstruments2023-10-3112106379ns5:CurrentFinancialInstruments2022-10-3112106379ns5:ShareCapital2023-10-3112106379ns5:ShareCapital2022-10-3112106379ns5:RetainedEarningsAccumulatedLosses2023-10-3112106379ns5:RetainedEarningsAccumulatedLosses2022-10-3112106379ns5:ShareCapital2021-10-3112106379ns5:RetainedEarningsAccumulatedLosses2021-10-3112106379ns5:RetainedEarningsAccumulatedLosses2021-11-012022-10-3112106379ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-3112106379ns5:NetGoodwill2022-11-012023-10-3112106379ns5:UnlistedNon-exchangeTradedns5:CostValuation2022-10-3112106379ns5:UnlistedNon-exchangeTraded2023-10-3112106379ns5:UnlistedNon-exchangeTraded2022-10-3112106379ns5:Subsidiary112022-11-012023-10-3112106379ns5:Subsidiary352022-11-012023-10-31121063797ns5:Subsidiary42022-11-012023-10-31121063799ns5:Subsidiary52022-11-012023-10-3112106379ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3112106379ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3112106379ns10:OrdinaryShareClass12023-10-3112106379ns5:RetainedEarningsAccumulatedLosses2022-10-31
REGISTERED NUMBER: 12106379 (England and Wales)



















Group Strategic Report, Directors' Report and

Consolidated Financial Statements

for the Year Ended 31 October 2023

for

Beaumont Lodge Holdings Limited

Beaumont Lodge Holdings Limited (Registered number: 12106379)






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




Page

Company Information 1

Group Strategic Report 2

Directors' Report 3

Report of the Independent Auditors 4

Consolidated Profit and Loss Account 7

Consolidated Balance Sheet 8

Company Balance Sheet 9

Consolidated Statement of Changes in Equity 10

Company Statement of Changes in Equity 11

Consolidated Cash Flow Statement 12

Notes to the Consolidated Financial Statements 13


Beaumont Lodge Holdings 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: 12106379 (England and Wales)





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

Beaumont Lodge Holdings Limited (Registered number: 12106379)

Group Strategic Report
for the Year Ended 31 October 2023

The directors present their strategic report of the company and the group for the year ended 31 October 2023.

The group'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 AND FUTURE DEVELOPMENTS
Overall, the group reported good financial performance for the year compared with the previous year. Turnover has increased by 9% with group profits increasing by 19%.

All companies traded relatively consistently during the year.

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

KEY PERFORMANCE INDICATORS
The group'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 group 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 group 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 group's operations. The main risks arising from the group's financial instruments are interest rate risk and liquidity risk these are managed in the summary below:

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

Liquidity risk
The group 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:





Director


29 July 2024

Beaumont Lodge Holdings Limited (Registered number: 12106379)

Directors' Report
for the Year Ended 31 October 2023

The directors present their report with the financial statements of the company and the group 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

DISCLOSURE IN THE STRATEGIC REPORT
The matters required to be disclosed under SI (2008) 410 Sch 7 relating to employees and financial instruments are contained within the Group Strategic Report as applicable in accordance with s414C(11) of the Companies Act 2006.

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Group Strategic Report, the Directors' Report 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group'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 Holdings Limited

Opinion
We have audited the financial statements of Beaumont Lodge Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2023 which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement 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 group's and of the parent company affairs as at 31 October 2023 and of the group's 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 group 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 group's and the parent 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 Group Strategic Report and the Directors' Report, 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 Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

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


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

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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 Directors' Responsibilities Statement 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 group's and the parent 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 group or the parent 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 Holdings 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 Holdings Limited (Registered number: 12106379)

Consolidated
Profit and Loss Account
for the Year Ended 31 October 2023

2023 2022
Notes £    £   

TURNOVER 3,539,236 3,243,474

Cost of sales 172,672 142,015
GROSS PROFIT 3,366,564 3,101,459

Administrative expenses 2,633,835 2,472,085
732,729 629,374

Other operating income 216,962 309,546
949,691 938,920

Interest receivable and similar income 14,101 1,540
963,792 940,460

Interest payable and similar expenses 4 14,124 2,726
PROFIT BEFORE TAXATION 5 949,668 937,734

Tax on profit 6 189,561 299,326
PROFIT FOR THE FINANCIAL YEAR 760,107 638,408

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

760,107

638,408

Profit attributable to:
Owners of the parent 746,799 644,318
Non-controlling interests 13,308 (5,910 )
760,107 638,408

Total comprehensive income attributable to:
Owners of the parent 746,799 644,318
Non-controlling interests 13,308 (5,910 )
760,107 638,408

Beaumont Lodge Holdings Limited (Registered number: 12106379)

Consolidated Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 1,304,719 1,279,093
Investments 11 - -
Investment property 12 2,825,758 2,825,758
4,130,477 4,104,851

CURRENT ASSETS
Stocks 13 1,900 1,900
Debtors 14 4,127,479 3,285,479
Cash at bank and in hand 3,727,538 3,736,613
7,856,917 7,023,992
CREDITORS
Amounts falling due within one year 15 602,035 485,497
NET CURRENT ASSETS 7,254,882 6,538,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,385,359

10,643,346

CREDITORS
Amounts falling due after more than one
year

16

(40,989

)

(55,360

)

PROVISIONS FOR LIABILITIES 20 (492,985 ) (492,707 )
NET ASSETS 10,851,385 10,095,279

CAPITAL AND RESERVES
Called up share capital 21 102 102
Fair value reserve 22 1,366,300 1,477,872
Retained earnings 22 9,017,011 8,162,640
SHAREHOLDER FUNDS 10,383,413 9,640,614

NON-CONTROLLING INTERESTS 467,972 454,665
TOTAL EQUITY 10,851,385 10,095,279

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 Holdings Limited (Registered number: 12106379)

Company Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 - -
Investments 11 100 100
Investment property 12 - -
100 100

CURRENT ASSETS
Debtors 14 3,764,783 2,923,218
Cash at bank and in hand 2,757,414 2,768,523
6,522,197 5,691,741
CREDITORS
Amounts falling due within one year 15 1,046,606 210,821
NET CURRENT ASSETS 5,475,591 5,480,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,475,691

5,481,020

CAPITAL AND RESERVES
Called up share capital 21 102 102
Retained earnings 22 5,475,589 5,480,918
SHAREHOLDERS' FUNDS 5,475,691 5,481,020

Company's (loss)/profit for the financial
year

(5,329

)

3,480,177

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 Holdings Limited (Registered number: 12106379)

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

Called up Fair
share Retained value
capital earnings reserve
£    £    £   
Balance at 1 November 2021 102 7,522,322 1,477,872

Changes in equity
Dividends - (4,000 ) -
Total comprehensive income - 644,318 -
Balance at 31 October 2022 102 8,162,640 1,477,872

Changes in equity
Dividends - (4,000 ) -
Total comprehensive income - 858,371 (111,572 )
Balance at 31 October 2023 102 9,017,011 1,366,300
Non-controlling Total
Total interests equity
£    £    £   
Balance at 1 November 2021 9,000,296 460,575 9,460,871

Changes in equity
Dividends (4,000 ) - (4,000 )
Total comprehensive income 644,318 (5,910 ) 638,408
Balance at 31 October 2022 9,640,614 454,665 10,095,279

Changes in equity
Dividends (4,000 ) - (4,000 )
Total comprehensive income 746,799 13,308 760,107
Balance at 31 October 2023 10,383,413 467,973 10,851,386

Beaumont Lodge Holdings Limited (Registered number: 12106379)

Company 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 102 2,004,741 2,004,843

Changes in equity
Dividends - (4,000 ) (4,000 )
Total comprehensive income - 3,480,177 3,480,177
Balance at 31 October 2022 102 5,480,918 5,481,020

Changes in equity
Total comprehensive income - (5,329 ) (5,329 )
Balance at 31 October 2023 102 5,475,589 5,475,691

Beaumont Lodge Holdings Limited (Registered number: 12106379)

Consolidated Cash Flow Statement
for the Year Ended 31 October 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 26 302,447 (271,876 )
Interest paid (14,124 ) (2,726 )
Tax paid (146,531 ) (95,256 )
Net cash from operating activities 141,792 (369,858 )

Cash flows from investing activities
Purchase of tangible fixed assets (63,314 ) (130,223 )
Sale of tangible fixed assets 11,250 -
Interest received 14,101 1,540
Net cash from investing activities (37,963 ) (128,683 )

Cash flows from financing activities
Loan repayments in year (15,464 ) (16,138 )
Amount introduced by directors 46,432 4,000
Amount withdrawn by directors (139,872 ) (129,052 )
Equity dividends paid (4,000 ) (4,000 )
Net cash from financing activities (112,904 ) (145,190 )

Decrease in cash and cash equivalents (9,075 ) (643,731 )
Cash and cash equivalents at
beginning of year

27

3,736,613

4,380,344

Cash and cash equivalents at end of
year

27

3,727,538

3,736,613

Beaumont Lodge Holdings Limited (Registered number: 12106379)

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

1. STATUTORY INFORMATION

Beaumont Lodge Holdings 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 General 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.

Basis of consolidation
The consolidated accounts incorporate the accounts of Beaumont Lodge Holdings Limited and all of its subsidiary undertakings for the year.

The merger method of accounting was adopted in the 2019 accounting period to include the results of the trading subsidiaries as if they had always formed part of the group.

In the company's financial statements, investments in subsidiary undertakings are stated at cost less amounts written off.

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

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 has been amortised evenly over its useful economic life of five years.

Beaumont Lodge Holdings Limited (Registered number: 12106379)

Notes to the Consolidated 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 necessary condition for it to be capable of operating in the manner intended by management. This includes freehold property held for the group's principal activity and not for its investment potential.

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- 2% on cost (excluding land)
Fixtures and fittings- 15% on reducing balance and 20% on cost
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on cost
Assets in the course of construction- not depreciated

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 in the profit and loss account.

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value is adjusted through the profit and loss account.

Deferred tax
Deferred tax arises from timing differences that are differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Provision is made at current rates for taxation deferred in respect of material timing differences.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments are stated at the lower of cost or net realisable value as it comprises its investment in its subsidiary undertakings.

Minority interests
Minority interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Minority interests consist of the amount of those interests at the date of the original business combination and the minority interest's share of changes in equity since the date of the combination.

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.

Beaumont Lodge Holdings Limited (Registered number: 12106379)

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

3. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 1,563,878 1,460,279
Social security costs 116,041 111,111
Other pension costs 28,001 25,594
1,707,920 1,596,984

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

Directors 2 2
Administrative staff 59 59
61 61

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

4. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Bank loan interest 3,642 2,726
Interest on taxation 10,482 -
14,124 2,726

5. PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 35,116 37,892
Profit on disposal of fixed assets (8,678 ) -
Auditors' remuneration 15,323 14,069
Auditors' remuneration for non audit work 13,990 16,236

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 189,283 180,818

Deferred tax 278 118,508
Tax on profit 189,561 299,326

Beaumont Lodge Holdings Limited (Registered number: 12106379)

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

6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 949,668 937,734
Profit multiplied by the standard rate of corporation tax in the UK of
25 % (2022 - 19 %)

237,417

178,169

Effects of:
Depreciation in excess of capital allowances 5,293 2,649
Deferred tax movement 278 118,508
Other permanent differences (53,427 ) -
Total tax charge 189,561 299,326

7. INDIVIDUAL PROFIT AND LOSS ACCOUNT

As permitted by Section 408 of the Companies Act 2006, the profit and loss account of the parent company is not presented as part of these financial statements.

8. DIVIDENDS
2023 2022
£    £   
Interim 4,000 4,000

9. INTANGIBLE FIXED ASSETS

Group
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 -

Beaumont Lodge Holdings Limited (Registered number: 12106379)

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

10. TANGIBLE FIXED ASSETS

Group
Assets in
the Fixtures
Freehold course of and
property construction fittings
£    £    £   
COST
At 1 November 2022 1,238,609 227,466 471,409
Additions - 63,314 -
Disposals - - -
At 31 October 2023 1,238,609 290,780 471,409
DEPRECIATION
At 1 November 2022 252,634 - 411,479
Charge for year 25,338 - 8,990
Eliminated on disposal - - -
At 31 October 2023 277,972 - 420,469
NET BOOK VALUE
At 31 October 2023 960,637 290,780 50,940
At 31 October 2022 985,975 227,466 59,930

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 69,920 32,158 2,039,562
Additions - - 63,314
Disposals (45,670 ) - (45,670 )
At 31 October 2023 24,250 32,158 2,057,206
DEPRECIATION
At 1 November 2022 64,198 32,158 760,469
Charge for year 788 - 35,116
Eliminated on disposal (43,098 ) - (43,098 )
At 31 October 2023 21,888 32,158 752,487
NET BOOK VALUE
At 31 October 2023 2,362 - 1,304,719
At 31 October 2022 5,722 - 1,279,093

Beaumont Lodge Holdings Limited (Registered number: 12106379)

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

11. FIXED ASSET INVESTMENTS

Company
Unlisted
investments
£   
COST
At 1 November 2022
and 31 October 2023 100
NET BOOK VALUE
At 31 October 2023 100
At 31 October 2022 100

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

Subsidiaries

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

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

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


Beaumont Lodge Holdings Limited (Registered number: 12106379)

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

12. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 2,825,758
NET BOOK VALUE
At 31 October 2023 2,825,758
At 31 October 2022 2,825,758

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 2,825,758

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

2023 2022
£    £   
Cost 1,001,223 1,001,223
Aggregate depreciation (207,049 ) (187,025 )

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

13. STOCKS

Group
2023 2022
£    £   
Food and provisions 1,900 1,900

14. DEBTORS

Group Company
2023 2022 2023 2022
£    £    £    £   
Amounts falling due within one year:
Trade debtors 32,486 175,489 - -
Other debtors 190,396 141,111 - 26
Directors' loan accounts 133,873 40,433 - -
Prepayments 5,941 5,254 - -
362,696 362,287 - 26

Beaumont Lodge Holdings Limited (Registered number: 12106379)

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

14. DEBTORS - continued

Group Company
2023 2022 2023 2022
£    £    £    £   
Amounts falling due after more than one year:
Owed by related party > 1 yr 3,764,783 2,923,192 3,764,783 2,923,192

Aggregate amounts 4,127,479 3,285,479 3,764,783 2,923,218

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Bank loans and overdrafts (see note 17) 15,500 16,594 - -
Trade creditors 34,535 31,608 - -
Amounts owed to group undertakings - - 994,103 205,759
Tax 220,787 178,035 - -
Social security and other taxes 85,546 30,629 46,685 -
Other creditors 177,301 114,648 - -
Directors' loan accounts 23,026 23,026 - -
Accrued expenses 45,340 90,957 5,818 5,062
602,035 485,497 1,046,606 210,821

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2023 2022
£    £   
Bank loans (see note 17) 40,989 55,360

17. LOANS

An analysis of the maturity of loans is given below:

Group
2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 15,500 16,594
Amounts falling due between one and two years:
Bank loans - 1-2 years 16,787 17,099
Amounts falling due between two and five years:
Bank loans - 2-5 years 24,202 38,261

Beaumont Lodge Holdings Limited (Registered number: 12106379)

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

17. LOANS - continued

The subsidiaries have a total of two bank loans at the balance sheet date. These have monthly repayments of £423 and £1,198 respectively with both having an interest rate of 3%.

18. SECURED DEBTS

The following secured debts are included within creditors:

Group
2023 2022
£    £   
Bank loans 56,489 71,954

The bank loans are secured by way of legal charges on the freehold and investment properties owned within the group.

19. OPERATING LEASE COMMITMENTS

The following operating lease income is committed to be received:

Non-cancellable
operating leases
2023 2022
£ £
Within one year 194,750 127,000
Between one and five years 491,000 65,250
685,750 192,250

20. PROVISIONS FOR LIABILITIES

Group
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 492,985 492,707

Group
Deferred
tax
£   
Balance at 1 November 2022 492,707
Provided during year 278
Balance at 31 October 2023 492,985

21. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
102 Ordinary £1 102 102

Beaumont Lodge Holdings Limited (Registered number: 12106379)

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

22. RESERVES

Group
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2022 8,162,640 1,477,872 9,640,512
Profit for the year 746,799 - 746,799
Dividends (4,000 ) - (4,000 )
Deferred tax 111,572 (111,572 ) -
At 31 October 2023 9,017,011 1,366,300 10,383,311

Company
Retained
earnings
£   

At 1 November 2022 5,480,918
Deficit for the year (5,329 )
At 31 October 2023 5,475,589


23. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have personally guaranteed bank borrowings amounting to £900,000 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.

24. RELATED PARTY DISCLOSURES

The ultimate controlling party of the company is the directors.

During the year the group paid rent of £240,140 (2022: £240,140) in respect of premises, owned by the directors, from which the group subsidiaries operate.

Included within debtors is a loan balance of £3,764,783 (2022: £2,923,192) owed by a related party which is a personal company of the directors. The loan is interest free and repayable upon demand.

25. EMPLOYEE BENEFITS

Included in the notes to the financial statements are payments to a defined contribution pension scheme.

Beaumont Lodge Holdings Limited (Registered number: 12106379)

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

26. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2023 2022
£    £   
Profit before taxation 949,668 937,734
Depreciation charges 35,114 37,892
Profit on disposal of fixed assets (8,678 ) -
Finance costs 14,124 2,726
Finance income (14,101 ) (1,540 )
976,127 976,812
Increase in trade and other debtors (748,560 ) (1,251,971 )
Increase in trade and other creditors 74,880 3,283
Cash generated from operations 302,447 (271,876 )

27. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 October 2023
31.10.23 1.11.22
£    £   
Cash and cash equivalents 3,727,538 3,736,613
Year ended 31 October 2022
31.10.22 1.11.21
£    £   
Cash and cash equivalents 3,736,613 4,380,344


28. ANALYSIS OF CHANGES IN NET FUNDS

At 1.11.22 Cash flow At 31.10.23
£    £    £   
Net cash
Cash at bank and in hand 3,736,613 (9,075 ) 3,727,538
3,736,613 (9,075 ) 3,727,538
Debt
Debts falling due within 1 year (16,594 ) 1,094 (15,500 )
Debts falling due after 1 year (55,360 ) 14,371 (40,989 )
(71,954 ) 15,465 (56,489 )
Total 3,664,659 6,390 3,671,049