Company Registration No. 13735523 (England and Wales)
ECH Colwyn Bay Limited
Unaudited accounts
for the year ended 30 November 2023
ECH Colwyn Bay Limited
Unaudited accounts
Contents
ECH Colwyn Bay Limited
Company Information
for the year ended 30 November 2023
Directors
Littish Dominic
Juby Joseph
Company Number
13735523 (England and Wales)
Registered Office
Office 20, CP House
Otterspool Way
Watford
Herts
WD25 8HR
England
Accountants
Peter Dell CCA
Office 20, CP House
Otterspool Way
Watford
Herts
WD25 8HR
ECH Colwyn Bay Limited
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
99,875
-
Creditors: amounts falling due within one year
(94,860)
(316)
Net current assets
42,810
13,784
Total assets less current liabilities
901,580
13,784
Creditors: amounts falling due after more than one year
(915,294)
(19,400)
Net liabilities
(13,714)
(5,616)
Called up share capital
100
100
Profit and loss account
(13,814)
(5,716)
Shareholders' funds
(13,714)
(5,616)
For the year ending 30 November 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Littish Dominic
Director
Company Registration No. 13735523
ECH Colwyn Bay Limited
Notes to the Accounts
for the year ended 30 November 2023
ECH Colwyn Bay Limited is a private company, limited by shares, registered in England and Wales, registration number 13735523. The registered office is Office 20, CP House, Otterspool Way, Watford, Herts, WD25 8HR, England. The principal place of business is Abbey Dale House, 61 Princes Drive, Colwyn Bay, Clwyd, LL29 8PW, Wales.
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.
These financial statements for the year ended
30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 10 November 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
12 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes. Turnover from the rendering of 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.
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.
We have considered depreciation of the care home building but estimate the residual value will equal the cost and therefore no depreciation is provided in the accounts.
ECH Colwyn Bay Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
At 30 November 2023
858,770
At 30 November 2023
858,770
Amounts falling due within one year
Other debtors
5,100
14,100
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,053
-
Taxes and social security
12,713
-
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
205,100
18,100
Loans from directors
365,500
1,300
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
ECH Colwyn Bay Limited
Notes to the Accounts
for the year ended 30 November 2023
9
Transactions with related parties
At the year end the company owed the following amounts to related parties:
Juby Joseph (Director) £280,300
Littish Dominic (Director) £85,200
Ellie and Tony Ltd - A company controlled by L Dominic (Director) £185,100
Beegene Ltd - A company controlled by L Dominic (Director) £10,000
Zopt Realty Ltd - A company controlled by L Dominic (Director) £10,000
Interest is to be levied at a commercial rate on the daily basis paid one year in arrears.
The controlling party is the holding company Embrace Care Homes Limited.
The company is incorporated at Companies House in England and Wales registration number 13733560.
The registered office of the company is:
Office 20, CP House, Otterspool Way, Watford, Herts. WD25 8HR.
11
Average number of employees
During the year the average number of employees was 24 (2022: 0).
12
Reconciliations on adoption of FRS 102
No adjustments were required on transition to FRS102.