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REGISTERED NUMBER: 12138414 (England and Wales)















King's Court Care Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






King's Court Care Ltd (Registered number: 12138414)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


King's Court Care Ltd

Company Information
for the Year Ended 31 December 2023







Director: Timothy K Ogunleye





Secretary: Omobonuola I Ogunleye





Registered office: 23 Marsham Way
Gerrards Cross
South Bucks
SL9 8AB





Registered number: 12138414 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

King's Court Care Ltd (Registered number: 12138414)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,215,665 1,232,644

Current assets
Stocks 1,000 1,000
Debtors 5 82,482 77,156
Cash at bank and in hand 344,328 184,161
427,810 262,317
Creditors
Amounts falling due within one year 6 195,050 115,665
Net current assets 232,760 146,652
Total assets less current liabilities 1,448,425 1,379,296

Creditors
Amounts falling due after more than
one year

7

(1,277,490

)

(1,327,377

)

Provisions for liabilities 8 (13,222 ) (15,348 )
Net assets 157,713 36,571

Capital and reserves
Called up share capital 9 1 1
Retained earnings 157,712 36,570
Shareholders' funds 157,713 36,571

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 director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

King's Court Care Ltd (Registered number: 12138414)

Statement of Financial Position - 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 director and authorised for issue on 7 May 2024 and were signed by:





Timothy K Ogunleye - Director


King's Court Care Ltd (Registered number: 12138414)

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

1. Statutory information

King's Court Care 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.

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 residential retirement nursing home fees receivable by the company during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - over 50 years
Fixtures and fittings - straight line and 20% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stock is measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


King's Court Care Ltd (Registered number: 12138414)

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

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. Employees and directors

The average number of employees during the year was 39 (2022 - 35 ) .

4. Tangible fixed assets
Fixtures
Freehold and
property fittings Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 1,175,769 122,374 1,298,143
Depreciation
At 1 January 2023 9,478 56,021 65,499
Charge for year 3,515 13,464 16,979
At 31 December 2023 12,993 69,485 82,478
Net book value
At 31 December 2023 1,162,776 52,889 1,215,665
At 31 December 2022 1,166,291 66,353 1,232,644

King's Court Care Ltd (Registered number: 12138414)

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

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 76,310 61,283
Other debtors 6,172 15,873
82,482 77,156

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 17,118 33,302
Taxation and social security 74,887 27,438
Other creditors 103,045 54,925
195,050 115,665

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 1,277,490 1,327,377

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 13,222 15,348

Deferred
tax
£   
Balance at 1 January 2023 15,348
Credit to Statement of Income and Retained Earnings during year (2,126 )
Balance at 31 December 2023 13,222

9. Called up share capital

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