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REGISTERED NUMBER: 04985545 (England and Wales)














HARROWBY LODGE NURSING HOME LIMITED

Unaudited Financial Statements

for the Period 25 May 2023 to 30 April 2024






HARROWBY LODGE NURSING HOME LIMITED (REGISTERED NUMBER: 04985545)

Contents of the Financial Statements
for the Period 25 May 2023 to 30 April 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


HARROWBY LODGE NURSING HOME LIMITED

Company Information
for the Period 25 May 2023 to 30 April 2024







Director: Mr K Sirijeyanantham





Registered office: 4 Harrowby Lane
Grantham
Lincolnshire
NG31 9HX





Registered number: 04985545 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

HARROWBY LODGE NURSING HOME LIMITED (REGISTERED NUMBER: 04985545)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 69,303 -
69,303 -

CURRENT ASSETS
Stocks 2,500 1,000
Debtors 6 28,276 91,870
Cash at bank 277,772 29,453
308,548 122,323
CREDITORS
Amounts falling due within one year 7 327,618 122,321
NET CURRENT (LIABILITIES)/ASSETS (19,070 ) 2
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,233

2

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 50,231 -
50,233 2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HARROWBY LODGE NURSING HOME LIMITED (REGISTERED NUMBER: 04985545)

Balance Sheet - continued
30 April 2024


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 by the director and authorised for issue on 9 September 2024 and were signed by:





Mr K Sirijeyanantham - Director


HARROWBY LODGE NURSING HOME LIMITED (REGISTERED NUMBER: 04985545)

Notes to the Financial Statements
for the Period 25 May 2023 to 30 April 2024


1. STATUTORY INFORMATION

Harrowby Lodge 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 25% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 balance sheet date.


HARROWBY LODGE NURSING HOME LIMITED (REGISTERED NUMBER: 04985545)

Notes to the Financial Statements - continued
for the Period 25 May 2023 to 30 April 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

HARROWBY LODGE NURSING HOME LIMITED (REGISTERED NUMBER: 04985545)

Notes to the Financial Statements - continued
for the Period 25 May 2023 to 30 April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 49 (2023 - 59 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 25 May 2023
and 30 April 2024 250,000
Amortisation
At 25 May 2023
and 30 April 2024 250,000
Net book value
At 30 April 2024 -
At 24 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 25 May 2023 53,245 91,957 145,202
Additions - 70,409 70,409
Disposals (53,245 ) (9,456 ) (62,701 )
At 30 April 2024 - 152,910 152,910
Depreciation
At 25 May 2023 53,245 91,957 145,202
Charge for period (53,245 ) (8,350 ) (61,595 )
At 30 April 2024 - 83,607 83,607
Net book value
At 30 April 2024 - 69,303 69,303

HARROWBY LODGE NURSING HOME LIMITED (REGISTERED NUMBER: 04985545)

Notes to the Financial Statements - continued
for the Period 25 May 2023 to 30 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,363 10,019
Other debtors 2,913 81,851
28,276 91,870

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,840 19,778
Taxation and social security 26,936 13,426
Other creditors 291,842 89,117
327,618 122,321