EXCELLARE (DORSET) LIMITED |
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BALANCE SHEET |
AS AT 30 JUNE 2023 |
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These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. |
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For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report. |
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Signed on behalf of the board |
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R K Lomas |
Director |
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Date approved by the board: 30 July 2024 |
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EXCELLARE (DORSET) LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
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1 |
GENERAL INFORMATION |
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Excellare (Dorset) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
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C9 Glyme Court |
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Oxford Office Village |
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Langford Lane |
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Kidlington |
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Oxford |
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OX5 1LQ |
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The financial statements are presented in Sterling, which is the functional currency of the company. |
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2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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Basis of preparation of financial statements |
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These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. |
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Revenue recognition |
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EXCELLARE (DORSET) LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
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2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) |
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Financial Instruments |
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The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
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Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. |
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EXCELLARE (DORSET) LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
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6 |
CREDITORS: Amounts falling due within one year |
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2023 |
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2022 |
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£ |
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£ |
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Bank loans and overdrafts |
3,793 |
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3,703 |
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Taxation and social security |
2,338 |
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2,264 |
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Accruals and deferred income |
61,002 |
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108,999 |
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Other creditors |
16,578 |
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9,472 |
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83,711 |
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124,438 |
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7 |
CREDITORS: Amounts falling due after more than one year |
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2023 |
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2022 |
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£ |
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£ |
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Bank loans and overdrafts |
8,265 |
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11,718 |
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8 |
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following directors' advances, credits and guarantees took place during the year |
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Balance at 1 July 2022 |
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Amounts advanced |
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Amounts repaid |
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Amounts written off or waived |
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Balance at 30 June 2023 |
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£ |
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£ |
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£ |
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£ |
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£ |
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N R Blakemore |
5,701 |
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- |
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5,701 |
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- |
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- |
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R K Lomas |
5,436 |
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- |
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5,436 |
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- |
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- |
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11,137 |
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- |
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11,137 |
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- |
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- |
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9 |
RELATED PARTY TRANSACTIONS |
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During the year, the following transactions with related parties took place: |
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Excellare Limited |
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Connected company |
2023 |
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2022 |
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£ |
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£ |
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Amount due from connected company |
- |
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9,049 |
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Cathedral Homes Limited |
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Connected company |
2023 |
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2022 |
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£ |
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£ |
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Amount due from connected company |
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4,554 |
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4,554 |
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Mountbatten Limited |
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Connected company |
2023 |
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2022 |
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£ |
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£ |
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Amount due from connected company |
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4,374 |
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4,374 |
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Loro Management Limited |
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Connected company |
2023 |
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2022 |
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£ |
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£ |
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Amount due from connected company |
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24,670 |
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29,580 |
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Wychwood Property Limited |
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Connected company |
2023 |
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2022 |
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£ |
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£ |
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Amount owed to connected company |
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1,398 |
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6,905 |
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Wychwood Homes (Western) Limited |
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Connected company |
2023 |
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2022 |
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£ |
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£ |
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Amount owed to/(from) connected company |
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10,693 |
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(22,940) |
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