Company Registration No. 02079898 (England and Wales)
BURLINGTON NURSING HOME LIMITED
Unaudited accounts
for the year ended 30 April 2024
BURLINGTON NURSING HOME LIMITED
Unaudited accounts
Contents
BURLINGTON NURSING HOME LIMITED
Company Information
for the year ended 30 April 2024
Director
Rojimon Varughese
Company Number
02079898 (England and Wales)
Registered Office
109/111 Victoria Drive
Bognor Regis
PO21 2DZ
BURLINGTON NURSING HOME LIMITED
Statement of financial position
as at 30 April 2024
Intangible assets
144,726
154,364
Tangible assets
1,531,973
1,531,737
Cash at bank and in hand
52,632
514,966
Creditors: amounts falling due within one year
(237,224)
(75,745)
Net current assets
471
509,210
Total assets less current liabilities
1,677,170
2,195,311
Creditors: amounts falling due after more than one year
(146,195)
(519,462)
Provisions for liabilities
Deferred tax
(3,618)
(32,221)
Net assets
1,527,357
1,643,628
Called up share capital
100
100
Revaluation reserve
839,597
839,597
Profit and loss account
687,660
803,931
Shareholders' funds
1,527,357
1,643,628
For the year ending 30 April 2024 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 director acknowledges his 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 and authorised for issue on 21 August 2024 and were signed on its behalf by
Rojimon Varughese
Director
Company Registration No. 02079898
BURLINGTON NURSING HOME LIMITED
Notes to the Accounts
for the year ended 30 April 2024
BURLINGTON NURSING HOME LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02079898. The registered office is 109/111 Victoria Drive, Bognor Regis, PO21 2DZ.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
The accounts are presented in £ sterling.
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:
Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over its estimated useful life of twenty five years.
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.
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.
BURLINGTON NURSING HOME LIMITED
Notes to the Accounts
for the year ended 30 April 2024
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.
Related Party Disclosures
During the year the company paid £ 70,000 (2023: £ 70,000 to Burlington Holdings Ltd) as a management charge to its holding company to Primecare Care Homes Ltd and £355300 as dividend to Burlington Holdings Ltd (2023: £75000)
Sub contractor cost for the year includes inter company services received from Prime care private limited for £ 97967.50 in which director of the company is also a director.
4
Intangible fixed assets
Goodwill
BURLINGTON NURSING HOME LIMITED
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
1,525,000
32,137
146,879
-
1,704,016
Additions
-
-
-
1,680
1,680
At 30 April 2024
1,525,000
32,137
146,879
1,680
1,705,696
At 1 May 2023
-
28,544
143,735
-
172,279
Charge for the year
-
539
786
119
1,444
At 30 April 2024
-
29,083
144,521
119
173,723
At 30 April 2024
1,525,000
3,054
2,358
1,561
1,531,973
At 30 April 2023
1,525,000
3,593
3,144
-
1,531,737
Amounts falling due within one year
Trade debtors
66,563
69,989
Amounts due from group undertakings etc.
118,500
-
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
143,806
12,540
Amounts owed to group undertakings and other participating interests
576
-
Taxes and social security
88,000
57,009
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
145,195
519,462
Loans from directors
1,000
-
9
Average number of employees
During the year the average number of employees was 32 (2023: 27).