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REGISTERED NUMBER: 05875319 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

FLEMING CARE HOMES LIMITED

FLEMING CARE HOMES LIMITED (REGISTERED NUMBER: 05875319)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLEMING CARE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: D B Fleming





SECRETARY: W A Fleming





REGISTERED OFFICE: 12 Conqueror Court
Sittingbourne
Kent
ME10 5BH





REGISTERED NUMBER: 05875319 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

FLEMING CARE HOMES LIMITED (REGISTERED NUMBER: 05875319)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 731,493 706,951
731,493 706,951

CURRENT ASSETS
Debtors 6 34,449 4,232
Cash at bank and in hand 75,008 105,004
109,457 109,236
CREDITORS
Amounts falling due within one year 7 182,036 140,697
NET CURRENT LIABILITIES (72,579 ) (31,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

658,914

675,490

CREDITORS
Amounts falling due after more than one
year

8

(472,743

)

(526,662

)

PROVISIONS FOR LIABILITIES (7,039 ) -
NET ASSETS 179,132 148,828

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 179,032 148,728
SHAREHOLDERS' FUNDS 179,132 148,828

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

FLEMING CARE HOMES LIMITED (REGISTERED NUMBER: 05875319)

BALANCE SHEET - continued
31 OCTOBER 2023


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 director and authorised for issue on 20 August 2024 and were signed by:





D B Fleming - Director


FLEMING CARE HOMES LIMITED (REGISTERED NUMBER: 05875319)

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

1. STATUTORY INFORMATION

Fleming 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.

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of care home services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - at varying rates on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

In the opinion of the directors, the freehold land and buildings have a high residual value and a long useful economic life. As a result, depreciation is deemed immaterial and is not applied to the land and buildings in the accounts.

This is a departure from the general requirement of the Companies Act 2006 for all tangible assets (excluding land) to be depreciated yet is necessary in order for the financial statements to give a true and fair view.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Borrowing costs are not capitalised.

FLEMING CARE HOMES LIMITED (REGISTERED NUMBER: 05875319)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 420,000
AMORTISATION
At 1 November 2022
and 31 October 2023 420,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

FLEMING CARE HOMES LIMITED (REGISTERED NUMBER: 05875319)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2022 680,177 137,217 69,997
Additions - 8,574 24,365
At 31 October 2023 680,177 145,791 94,362
DEPRECIATION
At 1 November 2022 - 131,905 64,886
Charge for year - 1,225 3,085
At 31 October 2023 - 133,130 67,971
NET BOOK VALUE
At 31 October 2023 680,177 12,661 26,391
At 31 October 2022 680,177 5,312 5,111

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 63,520 4,055 954,966
Additions - - 32,939
At 31 October 2023 63,520 4,055 987,905
DEPRECIATION
At 1 November 2022 47,483 3,741 248,015
Charge for year 4,009 78 8,397
At 31 October 2023 51,492 3,819 256,412
NET BOOK VALUE
At 31 October 2023 12,028 236 731,493
At 31 October 2022 16,037 314 706,951

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 34,449 4,232

FLEMING CARE HOMES LIMITED (REGISTERED NUMBER: 05875319)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 55,498 55,249
Trade creditors 13,492 10,140
Taxation and social security 92,225 55,120
Other creditors 20,821 20,188
182,036 140,697

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 472,743 526,662

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due over more than 5 yrs by
instalments

291,229

335,050

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 528,241 581,911

Santander plc hold a first legal charge over the freehold property.