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REGISTERED NUMBER: 04887768 (England and Wales)










Financial Statements

for the Year Ended 31 October 2023

for

Oswald House Care Home Limited

Oswald House Care Home Limited (Registered number: 04887768)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oswald House Care Home Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S A Patterson
Mrs N J Morgan





REGISTERED OFFICE: 33 St. Oswalds Walk
Newton Aycliffe
Co. Durham
DL5 4BQ





REGISTERED NUMBER: 04887768 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Oswald House Care Home Limited (Registered number: 04887768)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 104,750 110,245

CURRENT ASSETS
Debtors 5 71,752 18,806
Cash at bank and in hand 254,363 235,883
326,115 254,689
CREDITORS
Amounts falling due within one year 6 (128,484 ) (173,295 )
NET CURRENT ASSETS 197,631 81,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,381

191,639

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 302,279 191,537
302,381 191,639

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

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

Oswald House Care Home Limited (Registered number: 04887768)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





S A Patterson - Director


Oswald House Care Home Limited (Registered number: 04887768)

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

1. STATUTORY INFORMATION

Oswald House Care Home 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" 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 25 ) .

Oswald House Care Home Limited (Registered number: 04887768)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 96,766 17,592 7,421 26,345 148,124
Additions - 711 - - 711
At 31 October 2023 96,766 18,303 7,421 26,345 148,835
DEPRECIATION
At 1 November 2022 - 11,768 5,766 20,345 37,879
Charge for year - 2,515 691 3,000 6,206
At 31 October 2023 - 14,283 6,457 23,345 44,085
NET BOOK VALUE
At 31 October 2023 96,766 4,020 964 3,000 104,750
At 31 October 2022 96,766 5,824 1,655 6,000 110,245

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 71,752 18,806

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,019 1,984
Taxation and social security 41,241 36,624
Other creditors 85,224 134,687
128,484 173,295

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
S A Patterson
Balance outstanding at start of year (2,105 ) 9,996
Amounts advanced 34,861 5,773
Amounts repaid (5,124 ) (17,874 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,632 (2,105 )

Oswald House Care Home Limited (Registered number: 04887768)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs N J Morgan
Balance outstanding at start of year (646 ) 9,998
Amounts advanced 31,163 5,197
Amounts repaid (5,124 ) (15,841 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,393 (646 )