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REGISTERED NUMBER: SC257954 (Scotland)
















Unaudited Financial Statements for the Year Ended 5 April 2024

for


Care Homes (Scotland) Ltd.


Care Homes (Scotland) Ltd. (Registered number: SC257954)







Contents of the Financial Statements

for the Year Ended 5 April 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




Care Homes (Scotland) Ltd.


Company Information

for the Year Ended 5 April 2024









DIRECTORS:

T Oswal


Ms S Oswal


S Oswal


Ms S Oswal


Ms S Oswal







SECRETARY:

Mrs R Oswal







REGISTERED OFFICE:

5 Witchwood Grove


Newton Mearns


Glasgow


G77 6GS







REGISTERED NUMBER:

SC257954 (Scotland)







ACCOUNTANTS:

NKA Chartered Certified Accountants


4 Lynedoch Place


Glasgow


G3 6AB


Care Homes (Scotland) Ltd. (Registered number: SC257954)


Balance Sheet

5 April 2024



5.4.24

5.4.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

3,797,803


3,918,252




CURRENT ASSETS

Stocks

1,770


1,650



Debtors

5

54,898


30,947



Cash at bank

659,875


653,552



716,543


686,149



CREDITORS

Amounts falling due within one year

6

425,740


423,451



NET CURRENT ASSETS

290,803


262,698



TOTAL ASSETS LESS CURRENT

LIABILITIES

4,088,606


4,180,950




CREDITORS

Amounts falling due after more than one

year

7

(157,850

)

(155,000

)



PROVISIONS FOR LIABILITIES

(358,432

)

(358,432

)


NET ASSETS

3,572,324


3,667,518




CAPITAL AND RESERVES

Called up share capital

8

1,000


1,000



Revaluation reserve

9

3,150,953


3,150,953



Retained earnings

9

420,371


515,565



SHAREHOLDERS' FUNDS

3,572,324


3,667,518




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.


Care Homes (Scotland) Ltd. (Registered number: SC257954)


Balance Sheet - continued

5 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 Income Statement has not been delivered.


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






T Oswal - Director



Care Homes (Scotland) Ltd. (Registered number: SC257954)


Notes to the Financial Statements

for the Year Ended 5 April 2024


1.

STATUTORY INFORMATION



Care Homes (Scotland) Ltd. is a private company, limited by shares , registered in Scotland. 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.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  



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 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.


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 75 (2023 - 77 ) .


Care Homes (Scotland) Ltd. (Registered number: SC257954)


Notes to the Financial Statements - continued

for the Year Ended 5 April 2024


4.

TANGIBLE FIXED ASSETS


Plant and



Land and


machinery



buildings


etc


Totals

£   

£   

£   



COST


At 6 April 2023


and 5 April 2024

5,280,418


1,090,803


6,371,221




DEPRECIATION


At 6 April 2023

1,461,106


991,863


2,452,969




Charge for year

105,608


14,841


120,449




At 5 April 2024

1,566,714


1,006,704


2,573,418




NET BOOK VALUE


At 5 April 2024

3,713,704


84,099


3,797,803




At 5 April 2023

3,819,312


98,940


3,918,252




5.

DEBTORS


5.4.24


5.4.23

£   

£   



Amounts falling due within one year:


Trade debtors

51,256


29,882




Other debtors

3,642


915



54,898


30,797





Amounts falling due after more than one year:


Amounts owed by group undertakings

-


150





Aggregate amounts

54,898


30,947




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



5.4.24


5.4.23

£   

£   



Trade creditors

39,349


2,968




Tax

120,440


81,839




Social security and other taxes

50,528


33,053




Creditors-Resident per funds

167,423


158,776




Directors' current accounts

45,000


144,815




Other creditors


and accrued charges

3,000


2,000



425,740


423,451




Care Homes (Scotland) Ltd. (Registered number: SC257954)


Notes to the Financial Statements - continued

for the Year Ended 5 April 2024


7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



5.4.24


5.4.23

£   

£   



Amounts owed to group undertakings

2,850


-




Directors' loan accounts

155,000


155,000



157,850


155,000




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

5.4.24


5.4.23


value:

£   

£   



1,000

Ordinary

£1

1,000


1,000




9.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 6 April 2023

515,565


3,150,953


3,666,518




Deficit for the year

(75,194

)

(75,194

)



Dividends

(20,000

)

(20,000

)



At 5 April 2024

420,371


3,150,953


3,571,324