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REGISTERED NUMBER: 08519824 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ORSETT HOUSE RETIREMENT HOME LIMITED

ORSETT HOUSE RETIREMENT HOME LIMITED (REGISTERED NUMBER: 08519824)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Statement of financial position 1 to 2

Notes to the financial statements 3 to 5


ORSETT HOUSE RETIREMENT HOME LIMITED (REGISTERED NUMBER: 08519824)

STATEMENT OF FINANCIAL POSITION
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 52,684 59,734

CURRENT ASSETS
Stocks 4,550 4,925
Debtors 5 417,225 364,647
Cash at bank 242,389 294,694
664,164 664,266
CREDITORS
Amounts falling due within one year 6 (94,506 ) (107,777 )
NET CURRENT ASSETS 569,658 556,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

622,342

616,223

PROVISIONS FOR LIABILITIES (9,322 ) (10,572 )
NET ASSETS 613,020 605,651

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 612,920 605,551
613,020 605,651

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

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

ORSETT HOUSE RETIREMENT HOME LIMITED (REGISTERED NUMBER: 08519824)

STATEMENT OF FINANCIAL POSITION - 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





F E Cozier - Director


ORSETT HOUSE RETIREMENT HOME LIMITED (REGISTERED NUMBER: 08519824)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Orsett House Retirement Home Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08519824

Registered office: C/o DPC Accountants
Stone House
55 Stone Road Business Park
Stoke on Trent
Staffordshire
ST4 6SR

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.

Revenue recognition
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.
Fixtures and fittings - 20% reducing balance
Motor vehicles - 20% reducing balance

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

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.


ORSETT HOUSE RETIREMENT HOME LIMITED (REGISTERED NUMBER: 08519824)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2022 - 48 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 January 2023 177,055 27,594 204,649
Additions 6,023 - 6,023
At 31 December 2023 183,078 27,594 210,672
Depreciation
At 1 January 2023 123,869 21,046 144,915
Charge for year 11,436 1,637 13,073
At 31 December 2023 135,305 22,683 157,988
Net book value
At 31 December 2023 47,773 4,911 52,684
At 31 December 2022 53,186 6,548 59,734

ORSETT HOUSE RETIREMENT HOME LIMITED (REGISTERED NUMBER: 08519824)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 37,032 28,766
Amounts owed by group undertakings 245,856 177,747
Other debtors 134,337 158,134
417,225 364,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 64,423 77,827
Other creditors 30,083 29,950
94,506 107,777

The company has a debenture and charge in favour of Santander UK Plc, dated 14th February 2014, covering its assets and the leasehold property owned by its parent company OHRH Holdings Limited.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
F E Cozier and C Cozier
Balance outstanding at start of year 153,724 120,015
Amounts advanced 139,607 157,098
Amounts repaid (159,568 ) (123,389 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 133,763 153,724

The advance is unsecured, repayable on demand and interest free.

8. RELATED PARTY DISCLOSURES

All transactions undertaken with connected companies are deemed to be conducted under normal market conditions and/or are not material.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is OHRH Holdings Limited, a company registered in England and Wales, by virtue of their 100% shareholding in the company.