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REGISTERED NUMBER: 10743068 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

ELMHURST (SHROPSHIRE) LTD

ELMHURST (SHROPSHIRE) LTD (REGISTERED NUMBER: 10743068)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ELMHURST (SHROPSHIRE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: Mrs P M Turner
Mr M E Turner
Mr G R Wynn
Mrs J B Wynn





REGISTERED OFFICE: Elmhurst Nursing Home
Armoury Lane
Prees
Whitchurch
Shropshire
SY13 2EN





REGISTERED NUMBER: 10743068 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

ELMHURST (SHROPSHIRE) LTD (REGISTERED NUMBER: 10743068)

ABRIDGED BALANCE SHEET
31ST OCTOBER 2023

31.10.22 31.10.23
£    £    Notes £    £   
FIXED ASSETS
2,229,732 Tangible assets 4 3,072,025

CURRENT ASSETS
82,292 Debtors 170,121
272,183 Cash at bank and in hand 571,454
354,475 741,575
CREDITORS
51,781 Amounts falling due within one year 318,286
302,694 NET CURRENT ASSETS 423,289
2,532,426 TOTAL ASSETS LESS CURRENT LIABILITIES 3,495,314

CREDITORS

(2,484,265

)
Amounts falling due after more than one
year

(3,361,955

)

(83,195 ) PROVISIONS FOR LIABILITIES (114,750 )
(35,034 ) NET ASSETS/(LIABILITIES) 18,609

CAPITAL AND RESERVES
200 Called up share capital 6 205
(35,234 ) Retained earnings 18,404
(35,034 ) SHAREHOLDERS' FUNDS 18,609

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

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

ELMHURST (SHROPSHIRE) LTD (REGISTERED NUMBER: 10743068)

ABRIDGED BALANCE SHEET - continued
31ST OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th July 2024 and were signed on its behalf by:




Mr M E Turner - Director



Mrs P M Turner - Director


ELMHURST (SHROPSHIRE) LTD (REGISTERED NUMBER: 10743068)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Elmhurst (Shropshire) Ltd 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.

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


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 each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 15% on cost

Assets are not depreciated until brought into use.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

ELMHURST (SHROPSHIRE) LTD (REGISTERED NUMBER: 10743068)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 85 (2022 - 70 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2022 2,637,090
Additions 961,533
At 31st October 2023 3,598,623
DEPRECIATION
At 1st November 2022 412,230
Charge for year 114,368
At 31st October 2023 526,598
NET BOOK VALUE
At 31st October 2023 3,072,025
At 31st October 2022 2,224,860

5. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Other loan 1,600,000 1,600,000

The other loan is secured by a debenture and legal charge.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
200 Ordinary £1 - 200
200 Ordinary A £1 200 -
5 Ordinary B £1 5 -
205 200

7. OFF-BALANCE SHEET ARRANGEMENTS

The company has lease commitments of £9,578 (2022 £19,001)

ELMHURST (SHROPSHIRE) LTD (REGISTERED NUMBER: 10743068)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2023 and 31st October 2022:

31.10.23 31.10.22
£    £   
Mr M E Turner
Balance outstanding at start of year - -
Amounts advanced 1,605 -
Amounts repaid (450 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,155 -

9. RELATED PARTY DISCLOSURES

Rectory Care Limited

The company is related to Rectory Care Limited by virtue of that company owning a 50% shareholding. At 31 October 2023 £816,971 was due to Rectory Care Limited (31 October 2022 £805,990). Interest is charged at rates from 6% to 10% per annum.

Wynn Developments Limited

The company has loans with Wynn Developments Limited, a company controlled by G R and Mrs J B Wynn, directors, totalling £2,532,900 (2022 £1664,900). Interest is charged at rates from 0% to 7% per annum.