Registered number
02859354
Community World Limited
Filleted Accounts
30 April 2024
Community World Limited
Registered number: 02859354
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 66,159 88,928
Current assets
Stocks 3,750 -
Debtors 4 527,906 518,696
Cash at bank and in hand 248,806 215,136
780,462 733,832
Creditors: amounts falling due within one year 5 (53,085) (74,812)
Net current assets 727,377 659,020
Total assets less current liabilities 793,536 747,948
Provisions for liabilities (4,160) (4,160)
Net assets 789,376 743,788
Capital and reserves
Called up share capital 2 2
Profit and loss account 789,374 743,786
Shareholder's funds 789,376 743,788
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs S Gurney
Director
Approved by the board on 5 August 2024
Community World Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold property 4% on cost
Fixtures and fittings 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 37 34
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 537,841 139,041 676,882
Additions - 6,448 6,448
At 30 April 2024 537,841 145,489 683,330
Depreciation
At 1 May 2023 473,282 114,672 587,954
Charge for the year 21,513 7,704 29,217
At 30 April 2024 494,795 122,376 617,171
Net book value
At 30 April 2024 43,046 23,113 66,159
At 30 April 2023 64,559 24,369 88,928
4 Debtors 2024 2023
£ £
Trade debtors 8,175 2,320
Amounts owed by group undertakings and undertakings in which the company has a participating interest 514,962 514,962
Other debtors 4,769 1,414
527,906 518,696
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,104 6,543
Taxation and social security costs 25,782 22,305
Other creditors 23,199 45,964
53,085 74,812
6 Related party transactions
At the year end there was an amount due from Stourport Nursing & Home Care Limited, the parent company, of £260,713 (2023 - £260,713). The company receives rent of £18,000 (2023 - £18,000) from Stourport Nursing & Home Care Limited.

At the year end there was also an amount due from Rebjon Care Limited, a fellow subsidiary, of £254,249 (2023 - £254,249).
7 Controlling party
The immediate and ultimate parent undertaking is Stourport Nursing & Home Care Limited and Mrs S Gurney, who owns 100% of the issued share capital in that company, is the company's ultimate controlling party.

Stourport Nursing & Home Care Limited is exempt from the requirement to prepare group financial statements.
8 Other information
Community World Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hernes Nest House
Hernes Nest
Bewdley
Worcestershire
DY12 2ET
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