Company Registration No. NI055022 (Northern Ireland)
Hamilton Nursing Home Ltd
Unaudited accounts
for the year ended 30 November 2023
Hamilton Nursing Home Ltd
Unaudited accounts
Contents
Hamilton Nursing Home Ltd
Company Information
for the year ended 30 November 2023
Directors
Heather Hamilton
William Hamilton
Lucinda Hamilton
Patrick Hamilton
Company Number
NI055022 (Northern Ireland)
Registered Office
Unit A1, Boucher Business Studios
Glenmachan Place
Belfast
BT12 6QH
Northern Ireland
Accountants
James B Kennedy & Co.,
Unit A1, Boucher Business Studios
Glenmachan Place
Belfast
BT12 6QH
Hamilton Nursing Home Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
496,786
512,124
Cash at bank and in hand
115,037
155,221
Creditors: amounts falling due within one year
(74,143)
(129,478)
Net current assets
77,423
99,545
Total assets less current liabilities
574,209
611,669
Creditors: amounts falling due after more than one year
(16,794)
(26,623)
Provisions for liabilities
Deferred tax
(48,363)
(49,327)
Net assets
509,052
535,719
Called up share capital
4
4
Profit and loss account
509,048
535,715
Shareholders' funds
509,052
535,719
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by
William Hamilton
Director
Company Registration No. NI055022
Hamilton Nursing Home Ltd
Notes to the Accounts
for the year ended 30 November 2023
Hamilton Nursing Home Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI055022. The registered office is Unit A1, Boucher Business Studios, Glenmachan Place, Belfast, BT12 6QH, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2 - 7.5% on cost
Fixtures & fittings
7.5 - 20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Hamilton Nursing Home Ltd
Notes to the Accounts
for the year ended 30 November 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
278,046
79,400
707,251
1,064,697
Additions
-
-
50,400
50,400
At 30 November 2023
278,046
79,400
757,651
1,115,097
At 1 December 2022
51,678
47,205
453,690
552,573
Charge for the year
5,561
13,028
47,149
65,738
At 30 November 2023
57,239
60,233
500,839
618,311
At 30 November 2023
220,807
19,167
256,812
496,786
At 30 November 2022
226,368
32,195
253,561
512,124
Amounts falling due within one year
Trade debtors
32,087
66,213
Accrued income and prepayments
-
850
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
10,648
Trade creditors
17,805
17,826
Taxes and social security
19,339
24,882
Loans from directors
13,994
63,731
7
Creditors: amounts falling due after more than one year
2023
2022
Hamilton Nursing Home Ltd
Notes to the Accounts
for the year ended 30 November 2023
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
9
Average number of employees
During the year the average number of employees was 66 (2022: 65).