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REGISTERED NUMBER: 02293907 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Residential Community Care Limited

Residential Community Care Limited (Registered number: 02293907)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Residential Community Care Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr Christopher Philip Stevens





SECRETARY: Dr Christopher Philip Stevens





REGISTERED OFFICE: The Mount
St James Field
Pontypool
NP4 6JT





REGISTERED NUMBER: 02293907 (England and Wales)





ACCOUNTANTS: Avalon Accounting Limited
12 Park Lane
Tilehurst
Reading
Berkshire
RG31 5DL

Residential Community Care Limited

Report of the Accountants to the Director of
Residential Community Care Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Avalon Accounting Limited
12 Park Lane
Tilehurst
Reading
Berkshire
RG31 5DL


Date: .............................................

Residential Community Care Limited (Registered number: 02293907)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 562,980 595,122
Investment property 5 367,408 367,408
930,388 962,530

CURRENT ASSETS
Debtors 6 336,008 318,760
Cash at bank 2,774,131 3,040,229
3,110,139 3,358,989
CREDITORS
Amounts falling due within one year 7 13,405 (58,247 )
NET CURRENT ASSETS 3,123,544 3,300,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,053,932

4,263,272

PROVISIONS FOR LIABILITIES 8 (16,880 ) (11,174 )
NET ASSETS 4,037,052 4,252,098

CAPITAL AND RESERVES
Called up share capital 9 12,637 12,637
Retained earnings 10 4,024,415 4,239,461
SHAREHOLDERS' FUNDS 4,037,052 4,252,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Residential Community Care Limited (Registered number: 02293907)

Balance Sheet - continued
31 March 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 director and authorised for issue on 17 September 2024 and were signed by:





Dr Christopher Philip Stevens - Director


Residential Community Care Limited (Registered number: 02293907)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Residential Community Care 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line on buildings only
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION
Taxation for the year comprises current 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 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.

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 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.

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 27 (2023 - 31 ) .

Residential Community Care Limited (Registered number: 02293907)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,158,620 75,793 57,278 37,872 1,329,563
Disposals - - (24,144 ) (25,484 ) (49,628 )
At 31 March 2024 1,158,620 75,793 33,134 12,388 1,279,935
DEPRECIATION
At 1 April 2023 579,634 66,163 57,278 31,366 734,441
Charge for year 20,371 5,265 - 860 26,496
Eliminated on disposal - - (24,144 ) (19,838 ) (43,982 )
At 31 March 2024 600,005 71,428 33,134 12,388 716,955
NET BOOK VALUE
At 31 March 2024 558,615 4,365 - - 562,980
At 31 March 2023 578,986 9,630 - 6,506 595,122

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 367,408
NET BOOK VALUE
At 31 March 2024 367,408
At 31 March 2023 367,408

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - (31,855 )
Other debtors 154,453 154,453
Prepayments 8,135 10,942
162,588 133,540

Residential Community Care Limited (Registered number: 02293907)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors due after 1
year 173,420 185,220
173,420 185,220

Aggregate amounts 336,008 318,760

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,987 303
Tax (21,825 ) 41,159
PAYE/NI liability 3 14,052
Accrued expenses 5,430 2,733
(13,405 ) 58,247

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,880 11,174

Deferred
tax
£   
Balance at 1 April 2023 11,174
Provided during year 5,706
Balance at 31 March 2024 16,880

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12,637 Ordinary £1 12,637 12,637

Residential Community Care Limited (Registered number: 02293907)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RESERVES
Retained
earnings
£   

At 1 April 2023 4,239,461
Deficit for the year (127,323 )
Dividends (87,723 )
At 31 March 2024 4,024,415

11. RELATED PARTY DISCLOSURES

During the year, the company has paid Consultancy Fees of £14,600 (P.Y.- £9,600) to Dr. Christopher Philip Stevens. Dr. Christopher Philip Stevens is also a director of the company.

During the year, dividend of £87,723 (PY - £64,164) declared and paid to Dr. Christopher Philip Stevens.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of Dr. Christopher Philips Stevens who owns 94.36% of Share Capital of the company. Dr. Christopher Philips Stevens is also a director of the company.