Registered number: 07539079 | ||||||||
FOR THE YEAR ENDED 31 AUGUST 2023 | ||||||||
Prepared By: | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Highfield House Residential Care Home Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 AUGUST 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
England | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07539079 | ||||||||
ACCOUNTANTS | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Highfield House Residential Care Home Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 AUGUST 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Highfield House Residential Care Home Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | 5 | |||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
1,122,722 | 554,595 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS | 5,026 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 1,129,144 | 1,006,498 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Highfield House Residential Care Home Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 AUGUST 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Land And Buildings | straight line 10 years% | |||||||
Fixtures and Fittings | reducing balance 15% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
Highfield House Residential Care Home Limited | ||||||||
1f. Turnover | ||||||||
Turnover represents the value of services supplied by the company less trade discounts and is recognised when the service is rendered. |
1g. Goodwill | ||||||||
1h. Statutory Information | ||||||||
Highfield House Residential Care Home Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 07539079 and registered office address is 27 Preston Road, Yeovil, England, BA21 3AD. |
1i. 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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 38 | |||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 September 2022 | 500,000 | 500,000 | ||
At 31 August 2023 | 500,000 | 500,000 | ||
Depreciation | ||||
At 1 September 2022 | 304,133 | 304,133 | ||
For the year | 32,644 | 32,644 | ||
At 31 August 2023 | 336,777 | 336,777 | ||
Net Book Amounts | ||||
At 31 August 2023 | ||||
At 31 August 2022 | ||||
Highfield House Residential Care Home Limited | ||||||||
4. TANGIBLE FIXED ASSETS | ||||||
Land And | Fixtures | |||||
Buildings | and Fittings | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 September 2022 | 876,778 | 145,835 | 1,022,613 | |||
Additions | - | 5,198 | 5,198 | |||
Disposals | (876,778) | - | (876,778) | |||
At 31 August 2023 | - | 151,033 | 151,033 | |||
Depreciation | ||||||
At 1 September 2022 | 51,552 | 126,364 | 177,916 | |||
Disposals | (60,056) | - | (60,056) | |||
For the year | 8,504 | 4,915 | 13,419 | |||
At 31 August 2023 | - | 131,279 | 131,279 | |||
Net Book Amounts | ||||||
At 31 August 2023 | 19,754 | |||||
At 31 August 2022 | 844,697 | |||||
5. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
6. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 6,948 | 6,985 | ||||||
Salaries and wages control | - | 1,114 | ||||||
Other debtors | 175,340 | 175,340 | ||||||
Amounts due from group companies | 882,592 | 310,000 | ||||||
Prepayments | 2,850 | 2,850 | ||||||
1,067,730 | 496,289 | |||||||
Highfield House Residential Care Home Limited | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Taxation and social security | 81,281 | 55,990 | ||||||
Directors current account | 3,072 | 3,072 | ||||||
Bank loans and overdrafts | 3,031 | - | ||||||
Bank Loan | 27,978 | 37,946 | ||||||
Trade creditors | - | 1,937 | ||||||
Other creditors | 27,544 | 39,571 | ||||||
Pension schemes | 1,855 | 3,227 | ||||||
Accruals | 29,325 | 7,826 | ||||||
Amounts due to group companies | - | 400,000 | ||||||
174,086 | 549,569 | |||||||
8. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 2,467 | 39,090 | ||||||
2,467 | 39,090 | |||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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Highfield House Residential Care Home Limited | ||||||||
11. PARENT COMPANY | ||||||||
The ultimate parent undertaking is A and S Carehome Ltd, a company registered in England and Wales, whose registered office is 27 Preston Road, Yeovil, England, BA21 3AD. A and S Carehome Ltd is the parent company of the smallest group which draws up consolidated accounts which includes the company. | ||||||||