SHINFIELD LODGE CARE LIMITED

Company Registration Number:
09263989 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

SHINFIELD LODGE CARE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

SHINFIELD LODGE CARE LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 6,055,637 6,129,579
Investments:   0 0
Total fixed assets: 6,055,637 6,129,579
Current assets
Stocks: 17,519 0
Debtors: 4 4,372,360 2,762,959
Cash at bank and in hand: 935,329 393,458
Investments:   0 0
Total current assets: 5,325,208 3,156,417
Creditors: amounts falling due within one year: 5 (1,132,497) (8,644,379)
Net current assets (liabilities): 4,192,711 (5,487,962)
Total assets less current liabilities: 10,248,348 641,617
Creditors: amounts falling due after more than one year: 6 (7,814,333) 0
Provision for liabilities: 0 0
Total net assets (liabilities): 2,434,015 641,617
Capital and reserves
Called up share capital: 5,600 5,600
Share premium account: 2,797,200 2,797,200
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (368,785) (2,161,183)
Shareholders funds: 2,434,015 641,617

The notes form part of these financial statements

SHINFIELD LODGE CARE LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Peter Stuart Cameron
Status: Director

The notes form part of these financial statements

SHINFIELD LODGE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised as the fees receivable for the provision of residential care and assisted living services to the Company's residents. The fees, which are payable monthly in advance, are recognised in the month to which they relate.

Tangible fixed assets and depreciation policy

Tangible fixed assets consist of the care home and assets associated with the provision of residential care and are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.Depreciation is provided on the following basis:Freehold property - 2% straight line basisLong-term leasehold property - Long-term leasehold property is not deprciated Plant and machinery - 10% straight line basisFixtures and fittings - 25% straight line basis

Intangible fixed assets and amortisation policy

There is none

Valuation and information policy

Cost or valuation At 1 January 2022 2,772,000 2,763,757 1,977,502 907,313 8,420,572 Additions - 41,875 56,478 127,246 225,599

Other accounting policies

Post Balance Sheet Events: On 10 April 2024, Clariane SE sold its assets in the United Kingdom to Elevation Healthcare Property, a UK investment fund specialising in healthcare real estate, managed by Elevation Advisors LLP.

SHINFIELD LODGE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 0 0

SHINFIELD LODGE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 8,420,572
Additions 225,599
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2022 8,646,171
Depreciation
At 01 January 2022 2,290,993
Charge for year 299,541
On disposals 0
Other adjustments 0
At 31 December 2022 2,590,534
Net book value
At 31 December 2022 6,055,637
At 31 December 2021 6,129,579

SHINFIELD LODGE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 4,372,360 2,762,959

SHINFIELD LODGE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

Trade creditors 123,746 455,238 Amounts owed to group undertakings 34,992 7,635,558 Other taxation and social security 37,895 41,669 Other creditors 774,161 409,932 Accruals and deferred income 161,703 101,982

SHINFIELD LODGE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

Trade creditors 123,746 455,238 Amounts owed to group undertakings 34,992 7,635,558 Other taxation and social security 37,895 41,669 Other creditors 774,161 409,932 Accruals and deferred income 161,703 101,982

SHINFIELD LODGE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Related party transactions

Name of the related party: Groveland Park Limited
Relationship:
None
Description of the Transaction: During the year ended 31 December 2022, £nil (2021: £219,834) was expensed as interest to venture capital trusts managed by a partnership in which a former Director of the Company is a partner. The loan was repaid in the year ended 31 December 2021.As at 31 December, the Company was owed £111,159 (2021: £Nil), from Groveland Park Limited, a company with a common director. As a wholly owned subsidiary undertaking of Clariane SE, the company has taken advantage of the exemption in FRS 102 Section 33.1A and has not disclosed transactions with entities which form part of the group and they are owned 100% by the ultimate parent company.
£
Balance at 01 January 2022 111,159
Balance at 31 December 2022 111,159

During the year ended 31 December 2022, £nil (2021: £219,834) was expensed as interest to venture capital trusts managed by a partnership in which a former Director of the Company is a partner. The loan was repaid in the year ended 31 December 2021.As at 31 December, the Company was owed £111,159 (2021: £Nil), from Groveland Park Limited, a company with a common director.As a wholly owned subsidiary undertaking of Clariane SE, the company has taken advantage of the exemption in FRS 102 Section 33.1A and has not disclosed transactions with entities which form part of the group and they are owned 100% by the ultimate parent company.

SHINFIELD LODGE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

8. Post balance sheet events

On 10 April 2024, Clariane SE sold its assets in the United Kingdom to Elevation Healthcare Property, a UK investment fund specialising in healthcare real estate, managed by Elevation Advisors LLP.