REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st December 2023 |
for |
Red Homes Healthcare Grantham Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st December 2023 |
for |
Red Homes Healthcare Grantham Limited |
Red Homes Healthcare Grantham Limited (Registered number: 10724243) |
Contents of the Financial Statements |
for the Year Ended 31st December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Red Homes Healthcare Grantham Limited |
Company Information |
for the Year Ended 31st December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1st Floor |
28 Market Place |
Grantham |
Lincolnshire |
NG31 6LR |
Red Homes Healthcare Grantham Limited (Registered number: 10724243) |
Balance Sheet |
31st December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Red Homes Healthcare Grantham Limited (Registered number: 10724243) |
Balance Sheet - continued |
31st December 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Red Homes Healthcare Grantham Limited (Registered number: 10724243) |
Notes to the Financial Statements |
for the Year Ended 31st December 2023 |
1. | STATUTORY INFORMATION |
Red Homes Healthcare Grantham Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Red Homes Healthcare Grantham Limited (Registered number: 10724243) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st January 2023 |
Additions |
Disposals | ( |
) |
At 31st December 2023 |
DEPRECIATION |
At 1st January 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Red Homes Healthcare Grantham Limited (Registered number: 10724243) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2023 |
7. | RELATED PARTY DISCLOSURES |
During the year under review the company has paid rent of £1 (2022: £1) to R G Daniel; Director and shareholder of the company for use of freehold property by the company which is owned by him. |
The lease is under formal contract terms and has an agreed rental review period of every fifteen years. |
Red Homes Healthcare Ltd t/a Red Rose |
A company owned by the shareholders, of which R G Daniel, M J Daniel, T J Hood and H E Daniel are Directors, is owed £Nil (2022: £51,664) by the company. |
Red Roof Midlands Ltd |
A company of which R G Daniel and HE Daniel are shareholders and Directors, is owed £50,000 by the company. |
Red Homes Properties Ltd |
A company owned by the shareholders, of which R G Daniel and H E Daniel are Directors. |
8. | CONSULTANCY FEES |
Included in the costs of Professional Fees are the following Consultancy Fees which are split into: |
Mortgage repayments relating to the loans on the buildings - £211,340 |
Overheads for consultancy - £13,000 |
Consultancy Fees - £15,660 |