IRIS Accounts Production v24.2.0.383 12810402 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary Share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh128104022022-12-31128104022023-12-31128104022023-01-012023-12-31128104022021-12-31128104022022-01-012022-12-31128104022022-12-3112810402ns15:EnglandWales2023-01-012023-12-3112810402ns14:PoundSterling2023-01-012023-12-3112810402ns10:Director12023-01-012023-12-3112810402ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112810402ns10:SmallEntities2023-01-012023-12-3112810402ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112810402ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112810402ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112810402ns10:FullAccounts2023-01-012023-12-3112810402ns10:OrdinaryShareClass12023-01-012023-12-3112810402ns10:Director22023-01-012023-12-3112810402ns10:Director32023-01-012023-12-3112810402ns10:Director42023-01-012023-12-3112810402ns10:Director52023-01-012023-12-3112810402ns10:Director62023-01-012023-12-3112810402ns10:RegisteredOffice2023-01-012023-12-3112810402ns5:CurrentFinancialInstruments2023-12-3112810402ns5:CurrentFinancialInstruments2022-12-3112810402ns5:Non-currentFinancialInstruments2023-12-3112810402ns5:Non-currentFinancialInstruments2022-12-3112810402ns5:ShareCapital2023-12-3112810402ns5:ShareCapital2022-12-3112810402ns5:RetainedEarningsAccumulatedLosses2023-12-3112810402ns5:RetainedEarningsAccumulatedLosses2022-12-3112810402ns5:PlantMachinery2023-01-012023-12-3112810402ns5:FurnitureFittings2023-01-012023-12-3112810402ns5:LandBuildings2022-12-3112810402ns5:PlantMachinery2022-12-3112810402ns5:FurnitureFittings2022-12-3112810402ns5:LandBuildings2023-01-012023-12-3112810402ns5:LandBuildings2023-12-3112810402ns5:PlantMachinery2023-12-3112810402ns5:FurnitureFittings2023-12-3112810402ns5:LandBuildings2022-12-3112810402ns5:PlantMachinery2022-12-3112810402ns5:FurnitureFittings2022-12-3112810402ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112810402ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3112810402ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3112810402ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3112810402ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3112810402ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3112810402ns5:Secured2023-12-3112810402ns5:Secured2022-12-3112810402ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3112810402ns5:AcceleratedTaxDepreciationDeferredTax2022-12-3112810402ns5:DeferredTaxation2022-12-3112810402ns5:DeferredTaxation2023-01-012023-12-3112810402ns5:DeferredTaxation2023-12-3112810402ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 12810402 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

ST. ELMO CARE LTD

ST. ELMO CARE LTD (Registered number: 12810402)






Contents of the Financial Statements
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ST. ELMO CARE LTD

Company Information
for the Year Ended 31 DECEMBER 2023







DIRECTORS: R N Platten
Ms N Mould
R Platten
Mrs S Platten
L Partridge
Mrs L Partridge





REGISTERED OFFICE: 85 Wolverton Road
Newport Pagnell
Buckinghamshire
MK16 8BH





REGISTERED NUMBER: 12810402 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

ST. ELMO CARE LTD (Registered number: 12810402)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 820,479 828,578

CURRENT ASSETS
Debtors 5 434,151 12,152
Cash at bank 119,122 159,350
553,273 171,502
CREDITORS
Amounts falling due within one year 6 213,139 237,960
NET CURRENT ASSETS/(LIABILITIES) 340,134 (66,458 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,160,613

762,120

CREDITORS
Amounts falling due after more than one year 7 (905,440 ) (596,800 )

PROVISIONS FOR LIABILITIES 10 (37,905 ) (17,242 )
NET ASSETS 217,268 148,078

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 217,068 147,878
SHAREHOLDERS' FUNDS 217,268 148,078

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

ST. ELMO CARE LTD (Registered number: 12810402)

Balance Sheet - continued
31 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 6 September 2024 and were signed on its behalf by:





R Platten - Director


ST. ELMO CARE LTD (Registered number: 12810402)

Notes to the Financial Statements
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

ST. ELMO CARE LTD 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 represents fees receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures, fittings & equipment - 15% on reducing balance

No depreciation is provided on the freehold property as it is the opinion that the value of the freehold property does not diminish over time and that departing from the relevant accounting standard presents a truer view.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 31 ) .

ST. ELMO CARE LTD (Registered number: 12810402)

Notes to the Financial Statements - continued
for the Year Ended 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold Plant and fittings
property machinery & equipment Totals
£    £    £    £   
COST
At 1 January 2023 737,829 98,096 24,342 860,267
Additions - - 6,487 6,487
At 31 December 2023 737,829 98,096 30,829 866,754
DEPRECIATION
At 1 January 2023 - 27,221 4,468 31,689
Charge for year - 10,631 3,955 14,586
At 31 December 2023 - 37,852 8,423 46,275
NET BOOK VALUE
At 31 December 2023 737,829 60,244 22,406 820,479
At 31 December 2022 737,829 70,875 19,874 828,578

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 51,321 10,942
Prepayments 2,767 1,210
54,088 12,152

Amounts falling due after more than one year:
Sundry loan 380,063 -

Aggregate amounts 434,151 12,152

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 8) 12,310 11,000
Trade creditors 671 361
Tax 30,089 17,296
Social security and other taxes 8,840 7,305
Resident payments in advance 51,972 58,001
Directors' current accounts 70,863 101,800
Accrued expenses 38,394 42,197
213,139 237,960

ST. ELMO CARE LTD (Registered number: 12810402)

Notes to the Financial Statements - continued
for the Year Ended 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 8) 905,440 480,800
Directors' loan accounts - 116,000
905,440 596,800

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 823,800 412,800

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,310 11,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 15,910 14,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 65,730 54,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 823,800 412,800

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 917,750 491,800

The bank loan is secured by way of fixed and floating charge over the company's freehold property.

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 37,905 17,242

ST. ELMO CARE LTD (Registered number: 12810402)

Notes to the Financial Statements - continued
for the Year Ended 31 DECEMBER 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 17,242
Provided during year 20,663
Balance at 31 December 2023 37,905

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
200 Ordinary Share £1 200 200

12. RELATED PARTY DISCLOSURES

During the year the company provided a loan totalling £380,063 to Sundial Cottage Care Home Limited, a company under common control. The balance at the period end amounted to £380,063.

13. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the directors by virtue of their controlling shareholders.