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REGISTERED NUMBER: 04827592 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

Bearwood Nursing Home Limited

Bearwood Nursing Home Limited (Registered number: 04827592)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bearwood Nursing Home Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms I Dubylovska
S Rizvi
Mrs R A Howell





REGISTERED OFFICE: C/o Rdcp Care
86 Bearwood Road
Smethwick
West Midlands
B66 4HN





REGISTERED NUMBER: 04827592 (England and Wales)





AUDITORS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Bearwood Nursing Home Limited (Registered number: 04827592)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,469,602 1,424,207
1,469,602 1,424,207

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 1,763,037 1,311,676
Cash at bank and in hand 28,837 54,074
1,793,874 1,367,750
CREDITORS
Amounts falling due within one year 7 (1,119,659 ) (762,065 )
NET CURRENT ASSETS 674,215 605,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,143,817

2,029,892

CREDITORS
Amounts falling due after more than one year 8 (4,510 ) (4,510 )

PROVISIONS FOR LIABILITIES (117,385 ) (117,385 )
NET ASSETS 2,021,922 1,907,997

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,021,822 1,907,897
2,021,922 1,907,997

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 21 September 2024 and were signed on its behalf by:





S Rizvi - Director


Bearwood Nursing Home Limited (Registered number: 04827592)

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

1. STATUTORY INFORMATION

Bearwood Nursing Home 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.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on 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.

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.

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.

Bearwood Nursing Home Limited (Registered number: 04827592)

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

2. ACCOUNTING POLICIES - continued

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues ot adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2022 - 67 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 77,000
AMORTISATION
At 1 January 2023
and 31 December 2023 77,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 2,003,170 279,728 2,282,898
Additions 88,159 10,362 98,521
At 31 December 2023 2,091,329 290,090 2,381,419
DEPRECIATION
At 1 January 2023 647,916 210,775 858,691
Charge for year 39,287 13,839 53,126
At 31 December 2023 687,203 224,614 911,817
NET BOOK VALUE
At 31 December 2023 1,404,126 65,476 1,469,602
At 31 December 2022 1,355,254 68,953 1,424,207

Bearwood Nursing Home Limited (Registered number: 04827592)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 97,389 97,808
Amounts owed by group undertakings 1,547,772 1,122,570
Amounts owed by associates 81,924 55,500
Other debtors 35,952 35,798
1,763,037 1,311,676

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 129,715 31,954
Amounts owed to group undertakings 467,788 458,435
Amounts owed to associates - 18,000
Taxation and social security 204,476 156,185
Other creditors 317,680 97,491
1,119,659 762,065

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to associates 4,510 4,510

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna Ault FCCA ACA (Senior Statutory Auditor)
for and on behalf of Tomkinson Teal (Lichfield) LLP

10. CONTINGENT LIABILITIES

The company is bound by a intra-group cross guarantee in respect of bank debt with other members of the group headed by its ultimate parent undertaking, RDCP Care Limited. The amount guaranteed is £14,350,513 (2022 - £11,355,116)

11. ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is RDCP Care Limited, incorporated in England and Wales.

On 2 April 2024 RDCP Care Limited became a wholly owned subsidiary of RDCP Care Holdings Limited. There is no change in the controlling shareholders and directors.