BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the running of a private nursing home. 27 August 2024 100 100 NI044407 2023-12-31 NI044407 2022-12-31 NI044407 2021-12-31 NI044407 2023-01-01 2023-12-31 NI044407 2022-01-01 2022-12-31 NI044407 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI044407 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI044407 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI044407 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 NI044407 uk-core:ShareCapital 2023-12-31 NI044407 uk-core:ShareCapital 2022-12-31 NI044407 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI044407 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI044407 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI044407 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI044407 uk-bus:FRS102 2023-01-01 2023-12-31 NI044407 uk-core:LandBuildings 2023-01-01 2023-12-31 NI044407 uk-core:PlantMachinery 2023-01-01 2023-12-31 NI044407 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI044407 uk-core:MotorVehicles 2023-01-01 2023-12-31 NI044407 2023-01-01 2023-12-31 NI044407 uk-bus:Director4 2023-01-01 2023-12-31 NI044407 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Ashbrook Home (NI) Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023



Ashbrook Home (NI) Ltd
Company Registration Number: NI044407
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
 
Tangible assets 4 2,095,424 2,171,449
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Current Assets
 
Stocks 9,589 9,836
 
Debtors 1,203,915 1,188,742
 
Cash at bank and in hand 144,463 95,317
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1,357,967 1,293,895
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Creditors: amounts falling due within one year (585,938) (578,773)
───────── ─────────
 
Net Current Assets 772,029 715,122
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Total Assets less Current Liabilities 2,867,453 2,886,571
 
Creditors:
 
amounts falling due after more than one year (1,050,237) (1,117,276)
 
 
Provisions for liabilities 3,457 (9,280)
───────── ─────────
Net Assets 1,820,673 1,760,015
═════════ ═════════
 
 
Capital and Reserves
 
Called up share capital 1,208,490 1,208,490
 
Retained earnings 612,183 551,525
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Shareholders' Funds 1,820,673 1,760,015
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 27 August 2024 and signed on its behalf by
           
           
           
________________________________          
Marcus Mulgrew          
Director          
           



Ashbrook Home (NI) Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Ashbrook Home (NI) Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI044407. The registered office of the company is 51 Hill Street, Belfast, Co. Down, BT1 2LB, United Kingdom. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

These financial statements cover the individual entity for the financial year ended 31st December 2023.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 15% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Profit and Loss Account.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was
 
  2023 2022
  Number Number
 
Employees 100 100
  ═════════ ═════════

               
4. Tangible assets
  Land and Investment Plant and Fixtures, Motor Total
  buildings properties machinery fittings and vehicles  
  freehold     equipment    
  £ £ £ £ £ £
Cost
At 1 January 2023 327,090 91,943 2,270,199 850,186 40,889 3,580,307
Additions - - - 28,497 - 28,497
  ───────── ───────── ───────── ───────── ───────── ─────────
At 31 December 2023 327,090 91,943 2,270,199 878,683 40,889 3,608,804
  ───────── ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2023 - - 585,828 798,947 24,083 1,408,858
Charge for the financial year - - 45,348 54,255 4,919 104,522
  ───────── ───────── ───────── ───────── ───────── ─────────
At 31 December 2023 - - 631,176 853,202 29,002 1,513,380
  ───────── ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 December 2023 327,090 91,943 1,639,023 25,481 11,887 2,095,424
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════
At 31 December 2022 327,090 91,943 1,684,371 51,239 16,806 2,171,449
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════

       
5. Details of creditors   2022
  £ £
Debts falling due for repayment after the end of five years
 
Creditors repayable other than by instalments:
Loan - 835,891
  ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2023.