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REGISTERED NUMBER: 04898714 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ST. RAPHAELS INTEGRITY CARE HOME LIMITED

ST. RAPHAELS INTEGRITY CARE HOME LIMITED (REGISTERED NUMBER: 04898714)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


ST. RAPHAELS INTEGRITY CARE HOME LIMITED (REGISTERED NUMBER: 04898714)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,440 8,753
Investment property 5 2,073,309 2,073,309
2,080,749 2,082,062

CURRENT ASSETS
Debtors 6 144,446 131,081
Cash at bank 88,458 79,349
232,904 210,430
CREDITORS
Amounts falling due within one year 7 61,171 81,699
NET CURRENT ASSETS 171,733 128,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,252,482

2,210,793

CREDITORS
Amounts falling due after more than one
year

8

(515,518

)

(511,474

)

PROVISIONS FOR LIABILITIES (29,372 ) (29,372 )
NET ASSETS 1,707,592 1,669,947

ST. RAPHAELS INTEGRITY CARE HOME LIMITED (REGISTERED NUMBER: 04898714)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Non distributable reserves 266,630 266,630
Retained earnings 1,440,862 1,403,217
SHAREHOLDERS' FUNDS 1,707,592 1,669,947

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 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.

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 16 August 2024 and were signed on its behalf by:





P Joannides - Director


ST. RAPHAELS INTEGRITY CARE HOME LIMITED (REGISTERED NUMBER: 04898714)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

St. Raphaels Integrity Care Home Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04898714

Registered office: 1 Langham Gardens
Winchmore Hill
London
N21 1DP

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 as modified by the revaluation of certain assets.

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 - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.


ST. RAPHAELS INTEGRITY CARE HOME LIMITED (REGISTERED NUMBER: 04898714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 21,057
DEPRECIATION
At 1 May 2023 12,304
Charge for year 1,313
At 30 April 2024 13,617
NET BOOK VALUE
At 30 April 2024 7,440
At 30 April 2023 8,753

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,073,309
NET BOOK VALUE
At 30 April 2024 2,073,309
At 30 April 2023 2,073,309

ST. RAPHAELS INTEGRITY CARE HOME LIMITED (REGISTERED NUMBER: 04898714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2018 425,061
Valuation in 2019 (130,000 )
Cost 1,778,248
2,073,309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (6,740 ) (1,200 )
Other debtors 151,186 132,281
144,446 131,081

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) - 32,236
Trade creditors - (1 )
Taxation and social security 11,107 9,861
Other creditors 50,064 39,603
61,171 81,699

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) - 226,156
Other creditors 515,518 285,318
515,518 511,474

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 97,212

ST. RAPHAELS INTEGRITY CARE HOME LIMITED (REGISTERED NUMBER: 04898714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 32,236

Amounts falling due between one and two years:
Bank loans - 1-2 years - 32,236

Amounts falling due between two and five years:
Bank loans - 2-5 years - 96,708

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 97,212

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 258,392

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

ST. RAPHAELS INTEGRITY CARE HOME LIMITED (REGISTERED NUMBER: 04898714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summary below:


20242023
£   £   
Amounts owed by/(to) E Joannidou (Director) < 1 year(5,812)(4,812)
Amounts owed by/(to) P Joannides (Director) <1 year(5,952)(2,611)
Amounts owed by/(to) E Joannidou (Director) > 1 year(242,759)(127,659)
Amounts owed by/(to) P Joannides (Director) >1 year(272,759)(157,659)
Amounts owed by/(to) Integrity Care Home Limited (Connected
Company)

66,531

111,531
Amounts owed by/(to) Eftychia Estates Limited (Connected Company)78,90515,000

Connected Company
A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.