Registered number
05301579
GREENACRES CARE HOME LIMITED
Unaudited Filleted Accounts
31 December 2023
GREENACRES CARE HOME LIMITED
Registered number: 05301579
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 2,256,880 2,154,759
Investments 5 20 20
2,256,900 2,154,779
Current assets
Debtors 6 128,549 36,049
Cash at bank and in hand 48,315 38,640
176,864 74,689
Creditors: amounts falling due within one year 7 (242,465) (73,344)
Net current (liabilities)/assets (65,601) 1,345
Total assets less current liabilities 2,191,299 2,156,124
Creditors: amounts falling due after more than one year 8 (551,776) (715,363)
Net assets 1,639,523 1,440,761
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 1,638,523 1,439,761
Shareholders' funds 1,639,523 1,440,761
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
THIRUNATHAN, Sithamparanathar
Director
Approved by the board on 1 August 2024
GREENACRES CARE HOME LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor vehicles over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 78 77
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 1,013,400
At 31 December 2023 1,013,400
Amortisation
At 1 January 2023 1,013,400
At 31 December 2023 1,013,400
Net book value
At 31 December 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 2,054,015 429,160 78,798 2,561,973
Additions 124,603 4,964 - 129,567
At 31 December 2023 2,178,618 434,124 78,798 2,691,540
Depreciation
At 1 January 2023 - 375,694 31,520 407,214
Charge for the year - 11,686 15,760 27,446
At 31 December 2023 - 387,380 47,280 434,660
Net book value
At 31 December 2023 2,178,618 46,744 31,518 2,256,880
At 31 December 2022 2,054,015 53,466 47,278 2,154,759
5 Investments
Other
investments
£
Cost
At 1 January 2023 20
At 31 December 2023 20
6 Debtors 2023 2022
£ £
Trade debtors 6,691 6,691
Other debtors 121,858 29,358
128,549 36,049
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 423 423
Taxation and social security costs 107,277 69,655
Director's current account 132,110 610
Other creditors 2,655 2,656
242,465 73,344
8 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 551,776 715,363
9 Other information
GREENACRES CARE HOME LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
75 Exeter Road
London
N14 5JU
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