IRIS Accounts Production v24.2.0.383 09759708 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:kWh097597082022-08-31097597082023-08-31097597082022-09-012023-08-31097597082021-09-30097597082021-10-012022-08-31097597082022-08-3109759708ns15:EnglandWales2022-09-012023-08-3109759708ns14:PoundSterling2022-09-012023-08-3109759708ns10:Director12022-09-012023-08-3109759708ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3109759708ns10:SmallEntities2022-09-012023-08-3109759708ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3109759708ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3109759708ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3109759708ns10:FullAccounts2022-09-012023-08-3109759708ns10:Director22022-09-012023-08-3109759708ns10:Director32022-09-012023-08-3109759708ns10:RegisteredOffice2022-09-012023-08-3109759708ns5:CurrentFinancialInstruments2023-08-3109759708ns5:CurrentFinancialInstruments2022-08-3109759708ns5:Non-currentFinancialInstruments2023-08-3109759708ns5:Non-currentFinancialInstruments2022-08-3109759708ns5:ShareCapital2023-08-3109759708ns5:ShareCapital2022-08-3109759708ns5:FurtherSpecificReserve1ComponentTotalEquity2023-08-3109759708ns5:FurtherSpecificReserve1ComponentTotalEquity2022-08-3109759708ns5:RetainedEarningsAccumulatedLosses2023-08-3109759708ns5:RetainedEarningsAccumulatedLosses2022-08-3109759708ns5:PlantMachinery2022-09-012023-08-3109759708ns5:LandBuildings2022-08-3109759708ns5:PlantMachinery2022-08-3109759708ns5:LandBuildings2022-09-012023-08-3109759708ns5:LandBuildings2023-08-3109759708ns5:PlantMachinery2023-08-3109759708ns5:LandBuildings2022-08-3109759708ns5:PlantMachinery2022-08-3109759708ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3109759708ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31097597081ns10:Director12022-08-31097597081ns10:Director12021-09-30097597081ns10:Director12022-09-012023-08-31097597081ns10:Director12021-10-012022-08-31097597081ns10:Director12023-08-31097597081ns10:Director12022-08-3109759708ns10:Director222022-08-3109759708ns10:Director222021-09-3009759708ns10:Director222022-09-012023-08-3109759708ns10:Director222021-10-012022-08-3109759708ns10:Director222023-08-3109759708ns10:Director222022-08-31
REGISTERED NUMBER: 09759708 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Solent Child Care Limited

Solent Child Care Limited (Registered number: 09759708)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Solent Child Care Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs C L Tanner
Ms A H Dodds
Ms K Sheppard





REGISTERED OFFICE: 9 St George's Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 09759708 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Solent Child Care Limited (Registered number: 09759708)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,191,132 613,382

CURRENT ASSETS
Debtors 5 479,279 415,045
Cash at bank 85,848 171,642
565,127 586,687
CREDITORS
Amounts falling due within one year 6 202,063 149,450
NET CURRENT ASSETS 363,064 437,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,554,196

1,050,619

CREDITORS
Amounts falling due after more than one
year

7

(583,144

)

(227,971

)

PROVISIONS FOR LIABILITIES (17,690 ) (13,025 )
NET ASSETS 953,362 809,623

CAPITAL AND RESERVES
Called up share capital 20 20
Other reserves 74,642 74,642
Retained earnings 878,700 734,961
SHAREHOLDERS' FUNDS 953,362 809,623

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





Mrs C L Tanner - Director


Solent Child Care Limited (Registered number: 09759708)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Solent Child Care 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable of the company domestic care activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


Solent Child Care Limited (Registered number: 09759708)

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2022 550,000 123,838 673,838
Additions 579,268 25,562 604,830
Disposals - (18,519 ) (18,519 )
At 31 August 2023 1,129,268 130,881 1,260,149
DEPRECIATION
At 1 September 2022 - 60,456 60,456
Charge for year - 17,787 17,787
Eliminated on disposal - (9,226 ) (9,226 )
At 31 August 2023 - 69,017 69,017
NET BOOK VALUE
At 31 August 2023 1,129,268 61,864 1,191,132
At 31 August 2022 550,000 63,382 613,382

The properties were valued by the directors.

Solent Child Care Limited (Registered number: 09759708)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 73,525 59,157
Other debtors 405,754 355,888
479,279 415,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 49,500 12,375
Trade creditors - 1,728
Taxation and social security 136,306 118,223
Other creditors 16,257 17,124
202,063 149,450

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 583,144 227,971

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 385,144 161,971

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Mortgage 632,644 240,620

There is a mortgage secured on the properties held by the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2023 and the period ended 31 August 2022:

31.8.23 31.8.22
£    £   
Mrs C L Tanner
Balance outstanding at start of year 118,282 113,909
Amounts advanced 155,004 118,282
Amounts repaid (118,282 ) (113,909 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 155,004 118,282

Ms A H Dodds
Balance outstanding at start of year 121,037 94,673
Amounts advanced 105,214 121,343
Amounts repaid (161,679 ) (94,979 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64,572 121,037

Solent Child Care Limited (Registered number: 09759708)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The maximum amounts outstanding during the year and due to the company by C Tanner was £210,265 and by A Dodds was £179,194. No interest was payable on these balances during the year.

10. RELATED PARTY DISCLOSURES

Included in debtors are the following amounts that are due to / from companies in which the directors and shareholders of the company have a material interest:

GD Gardens and Property Limited - debtor £41,208 (2022 creditor £6,792).

4T Investments Limited - debtor £100,000 (2022 - £80,000).