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REGISTERED NUMBER: 03152592 (England and Wales)















ORCHARD HOUSE NURSING HOME LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ORCHARD HOUSE NURSING HOME LIMITED (REGISTERED NUMBER: 03152592)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


ORCHARD HOUSE NURSING HOME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs J L Smith-Evans
A R Evans





SECRETARY: A R Evans





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 03152592 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

ORCHARD HOUSE NURSING HOME LIMITED (REGISTERED NUMBER: 03152592)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,406,752 1,429,268

CURRENT ASSETS
Stocks 5,050 5,050
Debtors 5 1,828,668 1,772,415
Cash at bank 227,194 101,136
2,060,912 1,878,601
CREDITORS
Amounts falling due within one year 6 433,482 333,308
NET CURRENT ASSETS 1,627,430 1,545,293
TOTAL ASSETS LESS CURRENT LIABILITIES 3,034,182 2,974,561

CREDITORS
Amounts falling due after more than one year 7 (818,639 ) (917,431 )

PROVISIONS FOR LIABILITIES (21,058 ) (19,969 )
NET ASSETS 2,194,485 2,037,161

CAPITAL AND RESERVES
Called up share capital 10 490,002 490,002
Retained earnings 1,704,483 1,547,159
SHAREHOLDERS' FUNDS 2,194,485 2,037,161

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.

ORCHARD HOUSE NURSING HOME LIMITED (REGISTERED NUMBER: 03152592)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 12 June 2024 and were signed on its behalf by:





Mrs J L Smith-Evans - Director


ORCHARD HOUSE NURSING HOME LIMITED (REGISTERED NUMBER: 03152592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Orchard House Nursing Home 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation has been provided for freehold buildings. It is the company's policy to maintain its property in a continual state of sound repair. In the case of freehold property the directors consider that the life of this property and its residual value is such that its depreciation is not significant.

Stocks
Stocks are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 38 ) .

ORCHARD HOUSE NURSING HOME LIMITED (REGISTERED NUMBER: 03152592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 1,322,665 649,673 92,310 2,064,648
Additions - 2,000 - 2,000
At 31 December 2023 1,322,665 651,673 92,310 2,066,648
DEPRECIATION
At 1 January 2023 - 604,935 30,445 635,380
Charge for year - 9,048 15,468 24,516
At 31 December 2023 - 613,983 45,913 659,896
NET BOOK VALUE
At 31 December 2023 1,322,665 37,690 46,397 1,406,752
At 31 December 2022 1,322,665 44,738 61,865 1,429,268

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,916 6,002
Other debtors 1,502,534 1,406,690
Directors' current accounts 214,781 295,385
Prepayments and accrued income 81,437 64,338
1,828,668 1,772,415

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 143,930 130,031
Hire purchase contracts (see note 8) 11,540 11,541
Trade creditors 29,552 23,065
Other taxes and social security 68,602 45,947
Other creditors 6,484 -
Accruals and deferred income 173,374 122,724
433,482 333,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 143,929 130,031
Bank loans - 2-5 years 379,414 371,633
Bank loans - more than 5 years 257,578 366,509
Hire purchase contracts (see note 8) 37,718 49,258
818,639 917,431

ORCHARD HOUSE NURSING HOME LIMITED (REGISTERED NUMBER: 03152592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 257,578 366,509

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 11,540 11,541
Between one and five years 37,718 49,258
49,258 60,799

Non-cancellable operating leases
2023 2022
£    £   
Within one year 18,206 9,352
Between one and five years 36,402 1,114
54,608 10,466

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 924,851 998,204
Hire purchase contracts 49,258 60,799
974,109 1,059,003

The bank loan is secured on the company's freehold property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
490,002 Ordinary £1 490,002 490,002

ORCHARD HOUSE NURSING HOME LIMITED (REGISTERED NUMBER: 03152592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs J L Smith-Evans and A R Evans
Balance outstanding at start of year 295,385 258,384
Amounts advanced 215,396 544,508
Amounts repaid (296,000 ) (507,507 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 214,781 295,385

The above loan was unsecured, interest free and repayable on demand.