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REGISTERED NUMBER: 08793181 (England and Wales)















FOXBY HILL CARE HOME LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






FOXBY HILL CARE HOME LIMITED (REGISTERED NUMBER: 08793181)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


FOXBY HILL CARE HOME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A R Evans
Mrs J L Smith-Evans





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 08793181 (England and Wales)





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

FOXBY HILL CARE HOME LIMITED (REGISTERED NUMBER: 08793181)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,295,254 2,282,261

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 5 549,628 526,281
Cash at bank 170,582 171,567
725,710 703,348
CREDITORS
Amounts falling due within one year 6 1,576,107 1,416,334
NET CURRENT LIABILITIES (850,397 ) (712,986 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,444,857 1,569,275

CREDITORS
Amounts falling due after more than one year 7 (896,915 ) (992,098 )

PROVISIONS FOR LIABILITIES (10,454 ) (5,091 )
NET ASSETS 537,488 572,086

CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Retained earnings 535,488 570,086
SHAREHOLDERS' FUNDS 537,488 572,086

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.

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


FOXBY HILL CARE HOME LIMITED (REGISTERED NUMBER: 08793181)

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

1. STATUTORY INFORMATION

Foxby Hill Care 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

Assets are held at cost less accumulated depreciation.

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 55 (2022 - 55 ) .

FOXBY HILL CARE HOME LIMITED (REGISTERED NUMBER: 08793181)

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 2,225,058 177,608 27,285 2,429,951
Additions 30,813 - - 30,813
At 31 December 2023 2,255,871 177,608 27,285 2,460,764
DEPRECIATION
At 1 January 2023 - 125,900 21,790 147,690
Charge for year - 16,444 1,376 17,820
At 31 December 2023 - 142,344 23,166 165,510
NET BOOK VALUE
At 31 December 2023 2,255,871 35,264 4,119 2,295,254
At 31 December 2022 2,225,058 51,708 5,495 2,282,261


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,347 14,023
Other debtors 456,335 456,335
Prepayments 81,946 55,923
549,628 526,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 159,693 142,003
Trade creditors 12,639 20,629
Other taxes and social security 90,465 81,599
Other creditors 1,163,566 1,062,663
Accrued expenses 149,744 109,440
1,576,107 1,416,334

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 159,693 142,003
Bank loans - 2-5 years 451,603 408,407
Bank loans - more than 5 years 285,619 441,688
896,915 992,098

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 285,619 441,688

FOXBY HILL CARE HOME LIMITED (REGISTERED NUMBER: 08793181)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,279 4,400
Between one and five years 35,607 799
50,886 5,199

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,056,608 1,134,101

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: £    £   
2,000 Ordinary £1 2,000 2,000