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Registration number: 02409443

Lister House Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Lister House Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Lister House Limited

Balance Sheet

as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,740,355

2,712,908

Current assets

 

Stocks

4,000

4,000

Debtors

5

199,933

196,414

Cash at bank and in hand

 

6,980

14,283

 

210,913

214,697

Creditors: Amounts falling due within one year

6

(810,707)

(873,641)

Net current liabilities

 

(599,794)

(658,944)

Total assets less current liabilities

 

2,140,561

2,053,964

Creditors: Amounts falling due after more than one year

6

(1,209,071)

(1,295,690)

Provisions for liabilities

(156,836)

(150,725)

Net assets

 

774,654

607,549

Capital and reserves

 

Allotted, called up and fully paid share capital

70

70

Capital redemption reserve

30

30

Profit and loss account

774,554

607,449

Shareholders' funds

 

774,654

607,549

Registration number: 02409443

 

Lister House Limited

Balance Sheet

as at 31 March 2024 (continued)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

.........................................
Miss S E Allen
Director

 

Lister House Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2024

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 02409443.

The address of its registered office is:
Lister House
13 Heaton Road
Bradford
West Yorkshire
BD8 8RA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents amounts chargeable in respect of care services provided to residents.

Other grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

 

Lister House Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost (or deemed cost), less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

Not depreciated

Fixtures, fittings and equipment

10% per annum on a straight line basis

Computer equipment

25% per annum on a straight line basis

Stocks

Stock is valued at the lower of cost and net realisable value.

Leases

Rentals in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for directors and employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

 

Lister House Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 105 (2023 - 107).

4

Tangible assets

Land and buildings
£

Fixtures, fittings and equipment
 £

Plant and machinery
 £

Total
£

Cost

At 1 April 2023

2,197,586

865,751

38,275

3,101,612

Additions

-

127,042

4,378

131,420

At 31 March 2024

2,197,586

992,793

42,653

3,233,032

Depreciation

At 1 April 2023

-

379,136

9,568

388,704

Charge for the year

-

93,310

10,663

103,973

At 31 March 2024

-

472,446

20,231

492,677

Net book value

At 31 March 2024

2,197,586

520,347

22,422

2,740,355

At 31 March 2023

2,197,586

486,615

28,707

2,712,908

Included within the net book value of land and buildings above is £2,197,586 (2023 - £2,197,586) in respect of freehold land and buildings.
 

 

Lister House Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2024 (continued)

5

Debtors

Current

2024
£

2023
£

Trade debtors

188,109

180,292

Prepayments

8,163

5,408

Other debtors

3,661

10,714

 

199,933

196,414

6

Creditors

2024
£

2023
£

Due within one year

Bank loans and overdrafts

239,241

226,765

Trade creditors

88,492

112,971

Directors loan accounts

134,802

206,108

Taxation and social security

45,755

37,306

Other creditors

215,512

218,508

Accruals and deferred income

31,218

27,610

Corporation tax

55,687

44,373

810,707

873,641


Creditors due within one year include bank loans and overdrafts which are secured by way of a fixed charge over the properties and all other fixed assets of the company amounting to £239,241 (2023 - £226,765).

 

Lister House Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2024 (continued)

6

Creditors (continued)

2024
£

2023
£

Due after one year

Bank loans and overdrafts

1,209,071

1,295,690

2024
£

2023
£

After more than five years by instalments

813,263

1,048,732

Creditors falling due after one year include bank loans which are secured by way of a fixed charge over the properties and all other fixed assets of the company amounting to £1,209,071 (2023 - £1,295,690).

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £32,758 (2023 - £45,540).