Haddon Court Limited 03898513 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is a residential care home for the elderly specialising in dementia care. Digita Accounts Production Advanced 6.30.9574.0 true 03898513 2023-01-01 2023-12-31 03898513 2023-12-31 03898513 core:RetainedEarningsAccumulatedLosses 2023-12-31 03898513 core:ShareCapital 2023-12-31 03898513 core:CurrentFinancialInstruments 2023-12-31 03898513 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03898513 core:FurnitureFittingsToolsEquipment 2023-12-31 03898513 core:LandBuildings 2023-12-31 03898513 core:MotorVehicles 2023-12-31 03898513 bus:SmallEntities 2023-01-01 2023-12-31 03898513 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03898513 bus:FilletedAccounts 2023-01-01 2023-12-31 03898513 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03898513 bus:RegisteredOffice 2023-01-01 2023-12-31 03898513 bus:Director3 2023-01-01 2023-12-31 03898513 bus:Director4 2023-01-01 2023-12-31 03898513 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03898513 core:Buildings 2023-01-01 2023-12-31 03898513 core:FurnitureFittings 2023-01-01 2023-12-31 03898513 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 03898513 core:LandBuildings 2023-01-01 2023-12-31 03898513 core:MotorVehicles 2023-01-01 2023-12-31 03898513 countries:EnglandWales 2023-01-01 2023-12-31 03898513 2022-12-31 03898513 core:FurnitureFittingsToolsEquipment 2022-12-31 03898513 core:LandBuildings 2022-12-31 03898513 core:MotorVehicles 2022-12-31 03898513 2022-01-01 2022-12-31 03898513 2022-12-31 03898513 core:RetainedEarningsAccumulatedLosses 2022-12-31 03898513 core:ShareCapital 2022-12-31 03898513 core:CurrentFinancialInstruments 2022-12-31 03898513 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03898513 core:FurnitureFittingsToolsEquipment 2022-12-31 03898513 core:LandBuildings 2022-12-31 03898513 core:MotorVehicles 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 03898513

Haddon Court Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

Pages for filing with Registrar

 

Haddon Court Limited

Contents


 

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 10

 

Haddon Court Limited

Company Information


 

Directors

Mr J P McGailey

Mrs CE McGailey

Registered office

8-14 Haddon Road
Norbreck
Blackpool
FY2 9AH

 

Haddon Court Limited

(Registration number: 03898513)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

585,283

604,949

Current assets

 

Stocks

500

500

Debtors

5

62,234

71,962

Cash at bank and in hand

 

43,052

134,255

 

105,786

206,717

Creditors: Amounts falling due within one year

6

(87,073)

(107,525)

Net current assets

 

18,713

99,192

Total assets less current liabilities

 

603,996

704,141

Provisions for liabilities

(9,925)

(9,583)

Net assets

 

594,071

694,558

Capital and reserves

 

Called up share capital

1

1

Retained earnings

594,070

694,557

Shareholders' funds

 

594,071

694,558

 

Haddon Court Limited

(Registration number: 03898513)
Balance Sheet as at 31 December 2023 (continued)

For the financial year ending 31 December 2023 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 September 2024 and signed on its behalf by:
 

.........................................
Mr J P McGailey
Director

 

Haddon Court Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8-14 Haddon Road
Norbreck
Blackpool
FY2 9AH

These financial statements were authorised for issue by the Board on 17 September 2024.

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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A for small entities 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.

The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 

Haddon Court Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Key sources of estimation uncertainty

Tangible fixed assets, other than investment properties, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values. The carrying amount is £585,283 (2022 - £604,949).

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.

Government grants

The company recognises government grants on the accruals model under FRS102.

Grants that compensate the company for expenses incurred are recognised in profit or loss on a systematic basis in the periods in which the expenses are recognised.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

 

Haddon Court Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at 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 property

2% straight line

Improvements to property

10% straight line

Fixtures, fittings and equipment

15% reducing balance, 20% straight line, 33% straight line

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

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

 

Haddon Court Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and depreciated over their estimated useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period on a straight line basis. The capital element of the future payments is treated as a liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Haddon Court Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company’s statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2022 - 30).

 

Haddon Court Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

4

Tangible assets

Land and buildings
£

Fixtures, fittings and equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

754,794

166,899

4,000

925,693

Additions

-

10,557

-

10,557

Disposals

-

-

(4,000)

(4,000)

At 31 December 2023

754,794

177,456

-

932,250

Depreciation

At 1 January 2023

194,634

122,234

3,876

320,744

Charge for the year

21,623

8,476

124

30,223

Eliminated on disposal

-

-

(4,000)

(4,000)

At 31 December 2023

216,257

130,710

-

346,967

Carrying amount

At 31 December 2023

538,537

46,746

-

585,283

At 31 December 2022

560,160

44,665

124

604,949

Included within the net book value of land and buildings above is £538,537 (2022 - £560,159) in respect of freehold land and buildings.
There has been no revaluation of property as the directors consider this value to be accurate.
 

 

Haddon Court Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

5

Debtors

2023
£

2022
£

Trade debtors

52,855

62,737

Prepayments

9,379

9,225

62,234

71,962

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

6,876

18,409

Taxation and social security

15,561

30,701

Accruals and deferred income

54,284

46,205

Other creditors

10,352

12,210

87,073

107,525