IRIS Accounts Production v24.2.0.383 05479739 Board of Directors 1.8.22 31.12.23 31.12.23 false true false false false true false A Ordinary Shares 1.00000 B Ordinary Shares 1.00000 C Ordinary Shares 1.00000 D Ordinary Shares 1.00000 E Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054797392022-07-31054797392023-12-31054797392022-08-012023-12-31054797392021-07-31054797392021-08-012022-07-31054797392022-07-3105479739ns15:EnglandWales2022-08-012023-12-3105479739ns14:PoundSterling2022-08-012023-12-3105479739ns10:Director12022-08-012023-12-3105479739ns10:PrivateLimitedCompanyLtd2022-08-012023-12-3105479739ns10:SmallEntities2022-08-012023-12-3105479739ns10:AuditExempt-NoAccountantsReport2022-08-012023-12-3105479739ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-12-3105479739ns10:SmallCompaniesRegimeForAccounts2022-08-012023-12-3105479739ns10:FullAccounts2022-08-012023-12-310547973912022-08-012023-12-3105479739ns10:OrdinaryShareClass12022-08-012023-12-3105479739ns10:OrdinaryShareClass22022-08-012023-12-3105479739ns10:OrdinaryShareClass32022-08-012023-12-3105479739ns10:OrdinaryShareClass42022-08-012023-12-3105479739ns10:OrdinaryShareClass52022-08-012023-12-3105479739ns10:Director22022-08-012023-12-3105479739ns10:Director32022-08-012023-12-3105479739ns10:RegisteredOffice2022-08-012023-12-3105479739ns5:CurrentFinancialInstruments2023-12-3105479739ns5:CurrentFinancialInstruments2022-07-3105479739ns5:Non-currentFinancialInstruments2023-12-3105479739ns5:Non-currentFinancialInstruments2022-07-3105479739ns5:ShareCapital2023-12-3105479739ns5:ShareCapital2022-07-3105479739ns5:SharePremium2023-12-3105479739ns5:SharePremium2022-07-3105479739ns5:RetainedEarningsAccumulatedLosses2023-12-3105479739ns5:RetainedEarningsAccumulatedLosses2022-07-3105479739ns5:NetGoodwill2022-08-012023-12-3105479739ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-12-3105479739ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-08-012023-12-3105479739ns5:PlantMachinery2022-08-012023-12-3105479739ns5:MotorVehicles2022-08-012023-12-3105479739ns5:NetGoodwill2022-07-3105479739ns5:NetGoodwill2023-12-3105479739ns5:NetGoodwill2022-07-3105479739ns5:LandBuildings2022-07-3105479739ns5:PlantMachinery2022-07-3105479739ns5:MotorVehicles2022-07-3105479739ns5:ComputerEquipment2022-07-3105479739ns5:LandBuildings2022-08-012023-12-3105479739ns5:ComputerEquipment2022-08-012023-12-3105479739ns5:LandBuildings2023-12-3105479739ns5:PlantMachinery2023-12-3105479739ns5:MotorVehicles2023-12-3105479739ns5:ComputerEquipment2023-12-3105479739ns5:LandBuildings2022-07-3105479739ns5:PlantMachinery2022-07-3105479739ns5:MotorVehicles2022-07-3105479739ns5:ComputerEquipment2022-07-3105479739ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-3105479739ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-012023-12-3105479739ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3105479739ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-3105479739ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105479739ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3105479739ns5:Secured2023-12-3105479739ns5:Secured2022-07-3105479739ns10:OrdinaryShareClass12023-12-3105479739ns10:OrdinaryShareClass22023-12-3105479739ns10:OrdinaryShareClass32023-12-3105479739ns10:OrdinaryShareClass42023-12-3105479739ns10:OrdinaryShareClass52023-12-31
REGISTERED NUMBER: 05479739 (England and Wales)












Unaudited Financial Statements

for the Period

1 August 2022 to 31 December 2023

for

Chace Care Limited

Chace Care Limited (Registered number: 05479739)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chace Care Limited

Company Information
for the Period 1 August 2022 to 31 December 2023







Directors: A W Reeley
Mrs L M Reeley
Ms A Shipton





Registered office: Westlands
Grange Lane
Rushwick
Worcester
WR2 5TG





Registered number: 05479739 (England and Wales)





Accountants: Crowthers Chartered Accountants
19 High Street
Pershore
Worcestershire
WR10 1AA

Chace Care Limited (Registered number: 05479739)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,069 77,069
Tangible assets 5 1,728,276 1,810,235
1,758,345 1,887,304

CURRENT ASSETS
Debtors 6 16,743 83,040
Cash at bank and in hand 100,250 179,655
116,993 262,695
CREDITORS
Amounts falling due within one year 7 903,667 472,270
NET CURRENT LIABILITIES (786,674 ) (209,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

971,671

1,677,729

CREDITORS
Amounts falling due after more than one
year

8

(765,188

)

(1,558,141

)

PROVISIONS FOR LIABILITIES (15,222 ) (11,616 )
NET ASSETS 191,261 107,972

CAPITAL AND RESERVES
Called up share capital 10 305 305
Share premium 4,995 4,995
Retained earnings 185,961 102,672
SHAREHOLDERS' FUNDS 191,261 107,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period 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.

Chace Care Limited (Registered number: 05479739)

Balance Sheet - continued
31 December 2023


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 4 July 2024 and were signed on its behalf by:





Mrs L M Reeley - Director


Chace Care Limited (Registered number: 05479739)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 December 2023

1. STATUTORY INFORMATION

Chace 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.

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.

Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Invoices are not raised until a contract is complete so the value of incomplete services is included as Amounts recoverable on contracts in the balance sheet.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.


Chace Care Limited (Registered number: 05479739)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 75 (2022 - 70 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 August 2022
and 31 December 2023 663,527
Amortisation
At 1 August 2022 586,458
Amortisation for period 47,000
At 31 December 2023 633,458
Net book value
At 31 December 2023 30,069
At 31 July 2022 77,069

Chace Care Limited (Registered number: 05479739)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 December 2023

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 August 2022 2,151,788 139,670 144,428 1,463 2,437,349
Additions - 6,064 64,750 1,519 72,333
Disposals - - (62,711 ) - (62,711 )
At 31 December 2023 2,151,788 145,734 146,467 2,982 2,446,971
Depreciation
At 1 August 2022 463,021 106,261 56,771 1,061 627,114
Charge for period 60,971 8,394 37,321 573 107,259
Eliminated on disposal - - (15,678 ) - (15,678 )
At 31 December 2023 523,992 114,655 78,414 1,634 718,695
Net book value
At 31 December 2023 1,627,796 31,079 68,053 1,348 1,728,276
At 31 July 2022 1,688,767 33,409 87,657 402 1,810,235

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 August 2022 62,711
Additions 64,750
Disposals (62,711 )
At 31 December 2023 64,750
Depreciation
At 1 August 2022 15,678
Charge for period 22,932
Eliminated on disposal (15,678 )
At 31 December 2023 22,932
Net book value
At 31 December 2023 41,818
At 31 July 2022 47,033

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,793 12,235
Other debtors 3,950 70,805
16,743 83,040

Chace Care Limited (Registered number: 05479739)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 109,987 107,770
Hire purchase contracts 6,075 6,011
Trade creditors 138,881 280,886
Taxation and social security 100,739 32,282
Other creditors 547,985 45,321
903,667 472,270

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 723,287 878,980
Hire purchase contracts 41,901 44,195
Other creditors - 634,966
765,188 1,558,141

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 342,152 455,787

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 833,274 986,750

The bank hold a fixed and floating charge over the assets of the company and also includes a negative pledge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
167 A Ordinary Shares 1 167 167
131 B Ordinary Shares 1 131 131
5 C Ordinary Shares 1 5 5
1 D Ordinary Shares 1 1 1
1 E Ordinary Shares 1 1 1
305 305

Chace Care Limited (Registered number: 05479739)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 December 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £523,881 (2022: £30,662) owed to the directors. The loan is unsecured, payable on demand and interest has been charged at 14%.