The Sobell House Hospice Co. Limited 02437912 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is raising funds for the benefit of Sobell House Hospice Charity Limited, a charity registered with the Charity Commissioners for England and Wales. Digita Accounts Production Advanced 6.30.9574.0 true true 02437912 2023-04-01 2024-03-31 02437912 2024-03-31 02437912 core:CurrentFinancialInstruments 2024-03-31 02437912 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02437912 bus:SmallEntities 2023-04-01 2024-03-31 02437912 bus:Audited 2023-04-01 2024-03-31 02437912 bus:FilletedAccounts 2023-04-01 2024-03-31 02437912 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02437912 bus:RegisteredOffice 2023-04-01 2024-03-31 02437912 bus:Director3 2023-04-01 2024-03-31 02437912 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 02437912 1 2023-04-01 2024-03-31 02437912 countries:UnitedKingdom 2023-04-01 2024-03-31 02437912 2022-04-01 2023-03-31 02437912 2023-03-31 02437912 core:CurrentFinancialInstruments 2023-03-31 02437912 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 02437912

The Sobell House Hospice Co. Limited

(A company limited by guarantee)

Filleted Financial Statements

for the Year Ended 31 March 2024

 

The Sobell House Hospice Co. Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 4

 

The Sobell House Hospice Co. Limited

(Registration number: 02437912)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

29,036

19,689

Debtors

5

201,411

2,571

Cash at bank and in hand

 

6,373

3,399

 

236,820

25,659

Creditors: Amounts falling due within one year

6

(4,580)

(1,139)

Net assets

 

232,240

24,520

Reserves

 

Retained earnings

232,240

24,520

Surplus

 

232,240

24,520

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2024 and signed on its behalf by:
 

.........................................
H Fraser
Director

 

The Sobell House Hospice Co. Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a company limited by guarantee, incorporated in United Kingdom, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in pounds sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound sterling.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 23 July 2024 was Benjamin Hayes BSc FCA, who signed for and on behalf of Wenn Townsend.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

The Sobell House Hospice Co. Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Stocks

2024
£

2023
£

Finished goods and goods for resale

29,036

19,689

 

The Sobell House Hospice Co. Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

51,887

1,685

Amounts owed by group undertakings and undertakings in which the company has a participating interest

76,651

886

Prepayments

 

71,256

-

Other debtors

 

1,617

-

 

201,411

2,571

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

715

Accruals and deferred income

4,580

424

4,580

1,139

7

Parent and ultimate parent undertaking

The company's immediate parent is Sobell House Hospice Charity Limited, incorporated in England.

  These financial statements are available upon request from The Charity Commission at www.charitycommission.gov.uk

 

8

Corporation tax

The company distributes its taxable profits to its parent charity each year. During the period a total of £21,020 was paid over to the charity, with a further £228,740 to be paid over by the company within 9 months of the year end date. As a result, there is no taxable profit in the year ended 31st March 2024, and thus no tax charge recognised in these accounts.