IRIS Accounts Production v24.1.9.2 03862625 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038626252022-08-31038626252023-08-31038626252022-09-012023-08-31038626252021-08-31038626252021-09-012022-08-31038626252022-08-3103862625ns15:EnglandWales2022-09-012023-08-3103862625ns14:PoundSterling2022-09-012023-08-3103862625ns10:Director12022-09-012023-08-3103862625ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3103862625ns10:SmallEntities2022-09-012023-08-3103862625ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3103862625ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3103862625ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3103862625ns10:FullAccounts2022-09-012023-08-3103862625ns10:Director22022-09-012023-08-3103862625ns10:RegisteredOffice2022-09-012023-08-3103862625ns5:CurrentFinancialInstruments2023-08-3103862625ns5:CurrentFinancialInstruments2022-08-3103862625ns5:Non-currentFinancialInstruments2023-08-3103862625ns5:Non-currentFinancialInstruments2022-08-3103862625ns5:ShareCapital2023-08-3103862625ns5:ShareCapital2022-08-3103862625ns5:RetainedEarningsAccumulatedLosses2023-08-3103862625ns5:RetainedEarningsAccumulatedLosses2022-08-3103862625ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-09-012023-08-3103862625ns5:LeaseholdImprovements2022-09-012023-08-3103862625ns5:FurnitureFittings2022-09-012023-08-3103862625ns5:LandBuildings2022-08-3103862625ns5:PlantMachinery2022-08-3103862625ns5:LandBuildings2022-09-012023-08-3103862625ns5:PlantMachinery2022-09-012023-08-3103862625ns5:LandBuildings2023-08-3103862625ns5:PlantMachinery2023-08-3103862625ns5:LandBuildings2022-08-3103862625ns5:PlantMachinery2022-08-3103862625ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3103862625ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31038626251ns10:Director12022-08-31038626251ns10:Director12021-08-31038626251ns10:Director12022-09-012023-08-31038626251ns10:Director12021-09-012022-08-31038626251ns10:Director12023-08-31038626251ns10:Director12022-08-31
REGISTERED NUMBER: 03862625 (England and Wales)















LEISURE CARE HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






LEISURE CARE HOMES LIMITED (REGISTERED NUMBER: 03862625)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LEISURE CARE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: D E Brooks
J P Brooks



REGISTERED OFFICE: Wide-A-Wake
10 Seacroft Esplanade
Skegness
Lincolnshire
PE25 3BE



REGISTERED NUMBER: 03862625 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT



BANKERS: Barclays Bank PLC
65 Lumley Road
Skegness
Lincolnshire
PE25 3LU

LEISURE CARE HOMES LIMITED (REGISTERED NUMBER: 03862625)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 587,197 93,441

CURRENT ASSETS
Stocks 750 750
Debtors 5 35,493 61,637
Cash at bank 25,785 90,020
62,028 152,407
CREDITORS
Amounts falling due within one year 6 223,751 268,400
NET CURRENT LIABILITIES (161,723 ) (115,993 )
TOTAL ASSETS LESS CURRENT LIABILITIES 425,474 (22,552 )

CREDITORS
Amounts falling due after more than one year 7 (498,334 ) -

PROVISIONS FOR LIABILITIES (3,425 ) (7,010 )
NET LIABILITIES (76,285 ) (29,562 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (77,285 ) (30,562 )
(76,285 ) (29,562 )

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:




D E Brooks - Director


LEISURE CARE HOMES LIMITED (REGISTERED NUMBER: 03862625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Leisure Care Homes 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. 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 represents invoiced sales of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 33% on cost, 20% on cost, 10% on cost and 3 - 13 years straight line
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are held at cost, less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


LEISURE CARE HOMES LIMITED (REGISTERED NUMBER: 03862625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The directors have assessed going concern and are satisfied, that with continued support from the directors which they are happy to provide, going concern is appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 46 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 - 633,463 633,463
Additions 498,334 38,748 537,082
At 31 August 2023 498,334 672,211 1,170,545
DEPRECIATION
At 1 September 2022 - 540,022 540,022
Charge for year 7,967 35,359 43,326
At 31 August 2023 7,967 575,381 583,348
NET BOOK VALUE
At 31 August 2023 490,367 96,830 587,197
At 31 August 2022 - 93,441 93,441

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 29,855 31,831
Other debtors 5,638 29,806
35,493 61,637

LEISURE CARE HOMES LIMITED (REGISTERED NUMBER: 03862625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 16,880 4,056
Taxation and social security 8,414 7,384
Other creditors 198,457 256,960
223,751 268,400

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Other creditors 498,334 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
D E Brooks
Balance outstanding at start of year 25,947 -
Amounts advanced 38,710 28,947
Amounts repaid (64,657 ) (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 25,947