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REGISTERED NUMBER: 10724243 (England and Wales)















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: Mrs T J Hood
R G Daniel
Ms H E Daniel
Mrs M J Daniel





REGISTERED OFFICE: 1st Floor
28 Market Place
Grantham
Lincolnshire
NG31 6LR





REGISTERED NUMBER: 10724243 (England and Wales)





ACCOUNTANTS: Hood Parkes & Co
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 4 333,791 275,290

CURRENT ASSETS
Debtors 5 64,131 151,497
Cash at bank and in hand 122,413 68,034
186,544 219,531
CREDITORS
Amounts falling due within one year 6 423,368 414,036
NET CURRENT LIABILITIES (236,824 ) (194,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,967

80,785

PROVISIONS FOR LIABILITIES 29,403 29,218
NET ASSETS 67,564 51,567

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 67,364 51,367
SHAREHOLDERS' FUNDS 67,564 51,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd September 2024 and were signed on its behalf by:





Ms H E Daniel - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 48 (2022 - 58 ) .

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 348,028
Additions 89,131
Disposals (8,856 )
At 31st December 2023 428,303
DEPRECIATION
At 1st January 2023 72,738
Charge for year 26,999
Eliminated on disposal (5,225 )
At 31st December 2023 94,512
NET BOOK VALUE
At 31st December 2023 333,791
At 31st December 2022 275,290

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,640 145,700
Other debtors 9,491 5,797
64,131 151,497

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 191,886 164,616
Taxation and social security 20,007 9,155
Other creditors 211,475 240,265
423,368 414,036

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