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No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
13299596
2023-04-01
2024-03-31
13299596
2024-03-31
13299596
2023-03-31
13299596
2022-04-01
2023-03-31
13299596
2023-03-31
13299596
2022-03-31
13299596
core:FurnitureFittings
2023-04-01
2024-03-31
13299596
bus:OrdinaryShareClass1
2023-04-01
2024-03-31
13299596
bus:OrdinaryShareClass2
2023-04-01
2024-03-31
13299596
bus:Director1
2023-04-01
2024-03-31
13299596
core:WithinOneYear
2024-03-31
13299596
core:WithinOneYear
2023-03-31
13299596
core:ShareCapital
2024-03-31
13299596
core:ShareCapital
2023-03-31
13299596
core:RetainedEarningsAccumulatedLosses
2024-03-31
13299596
core:RetainedEarningsAccumulatedLosses
2023-03-31
13299596
core:BetweenOneFiveYears
2024-03-31
13299596
core:BetweenOneFiveYears
2023-03-31
13299596
core:MoreThanFiveYears
2024-03-31
13299596
bus:SmallEntities
2023-04-01
2024-03-31
13299596
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
13299596
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
13299596
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
13299596
bus:AbridgedAccounts
2023-04-01
2024-03-31
13299596
bus:OrdinaryShareClass1
2024-03-31
13299596
bus:OrdinaryShareClass1
2023-03-31
13299596
bus:OrdinaryShareClass2
2024-03-31
13299596
bus:OrdinaryShareClass2
2023-03-31
13299596
bus:AllOrdinaryShares
2024-03-31
13299596
bus:AllOrdinaryShares
2023-03-31
13299596
core:OfficeEquipment
2023-04-01
2024-03-31
13299596
core:AllSubsidiaries
2023-04-01
2024-03-31
COMPANY REGISTRATION NUMBER:
13299596
Cedar Health & Wellbeing Ltd |
|
Filleted Unaudited Abridged Financial Statements |
|
Cedar Health & Wellbeing Ltd |
|
Abridged Financial Statements |
|
Year Ended 31 March 2024
Abridged statement of financial position |
1 |
|
|
Notes to the abridged financial statements |
3 |
|
|
Cedar Health & Wellbeing Ltd |
|
Abridged Statement of Financial Position |
|
31 March 2024
Fixed Assets
Tangible assets |
5 |
|
28,599 |
12,451 |
|
|
|
|
|
Current Assets
Debtors |
315,525 |
|
192,322 |
Cash at bank and in hand |
614,338 |
|
120,897 |
|
--------- |
|
--------- |
|
929,863 |
|
313,219 |
|
|
|
|
Creditors: amounts falling due within one year |
369,743 |
|
380,475 |
|
--------- |
|
--------- |
Net Current Assets/(Liabilities) |
|
560,120 |
(
67,256) |
|
|
--------- |
-------- |
Total Assets Less Current Liabilities |
|
588,719 |
(
54,805) |
|
|
|
|
Provisions |
|
7,149 |
– |
|
|
--------- |
-------- |
Net Assets/(Liabilities) |
|
581,570 |
(
54,805) |
|
|
--------- |
-------- |
|
|
|
|
Capital and Reserves
Called up share capital |
6 |
|
100 |
100 |
Profit and loss account |
|
581,470 |
(
54,905) |
|
|
--------- |
-------- |
Shareholders Funds/(Deficit) |
|
581,570 |
(
54,805) |
|
|
--------- |
-------- |
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Cedar Health & Wellbeing Ltd |
|
Abridged Statement of Financial Position (continued) |
|
31 March 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
30 August 2024
, and are signed on behalf of the board by:
Company registration number: 13299596
Cedar Health & Wellbeing Ltd |
|
Notes to the Abridged Financial Statements |
|
Year Ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Cabin, Crow Hole, Barlow, Dronfield, S18 7TJ The company's place of business is Ordnance House, 6 East Terrace Business Park, Euxton Lane, Euxton, Chorley, PR7 6TB.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents residents' fees earned during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Office equipment |
- |
15% reducing balance |
|
Equipment |
- |
25% straight line |
|
|
|
|
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
127
(2023:
44
).
5.
Tangible assets
|
£ |
Cost |
|
At 1 April 2023 |
13,657 |
Additions |
21,092 |
|
-------- |
At 31 March 2024 |
34,749 |
|
-------- |
Depreciation |
|
At 1 April 2023 |
1,206 |
Charge for the year |
4,944 |
|
-------- |
At 31 March 2024 |
6,150 |
|
-------- |
Carrying amount |
|
At 31 March 2024 |
28,599 |
|
-------- |
At 31 March 2023 |
12,451 |
|
-------- |
|
|
6.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary A share shares of £ 1 each |
85 |
85 |
85 |
85 |
Ordinary B share shares of £ 1 each |
15 |
15 |
15 |
15 |
|
---- |
---- |
---- |
---- |
|
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
7.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2024 |
2023 |
|
£ |
£ |
Not later than 1 year |
349,458 |
201,010 |
Later than 1 year and not later than 5 years |
858,203 |
516,801 |
Later than 5 years |
6,665 |
– |
|
------------ |
--------- |
|
1,214,326 |
717,811 |
|
------------ |
--------- |
|
|
|
8.
Related party transactions
During the year, the company received short-term loans of £50,000 from Cedar Propco Holdings Limited, a company associated due to being under common control. At 31 March 2024, the amount due to Cedar Propco Holdings Limited was £50,000.
9.
Controlling party
The ultimate parent company is Cedar PropCo Holdings Ltd, a company incorporated in England and Wales. The registered office address is The Cabin, Crow Hole, Barlow, Dronfield, S18 7TJ.