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REGISTERED NUMBER: 02451557 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GRANGE LEA RESIDENTIAL HOME LIMITED

GRANGE LEA RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 02451557)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRANGE LEA RESIDENTIAL HOME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr A K Ghosh
Ms L A Hawkard
R Sharma
Mrs C L Holt
Miss S Sharma



SECRETARY: Dr A K Ghosh



REGISTERED OFFICE: Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



REGISTERED NUMBER: 02451557 (England and Wales)



ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



BANKERS: Lloyds TSB
53 King Street
Manchester
Lancashire
M60 3AJ

GRANGE LEA RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 02451557)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 508,217 512,000

CURRENT ASSETS
Debtors 6 29,123 21,253
Cash at bank and in hand 49,629 60,876
78,752 82,129
CREDITORS
Amounts falling due within one year 7 32,585 42,138
NET CURRENT ASSETS 46,167 39,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,384

551,991

PROVISIONS FOR LIABILITIES 4,073 4,792
NET ASSETS 550,311 547,199

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 549,311 546,199
SHAREHOLDERS' FUNDS 550,311 547,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GRANGE LEA RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 02451557)

BALANCE SHEET - continued
31 MARCH 2024


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 13 August 2024 and were signed on its behalf by:





Mrs C L Holt - Director


GRANGE LEA RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 02451557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Grange Lea Residential 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 34 ) .

GRANGE LEA RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 02451557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Building and
property alterations fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 465,785 20,995 156,684 643,464
DEPRECIATION
At 1 April 2023 - - 131,464 131,464
Charge for year - - 3,783 3,783
At 31 March 2024 - - 135,247 135,247
NET BOOK VALUE
At 31 March 2024 465,785 20,995 21,437 508,217
At 31 March 2023 465,785 20,995 25,220 512,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,063 21,253
Social security and other
taxes 60 -
29,123 21,253

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 28,492 26,941
Social security and other taxes - 10,961
Directors current account 600 600
Accrued expenses 3,493 3,636
32,585 42,138

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.