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REGISTERED NUMBER: 12403693 (England and Wales)
























Financial Statements

for the period

1 February 2023 to 31 December 2023

for

GENESIS RESIDENTIAL HOME (SPALDING)
LIMITED

GENESIS RESIDENTIAL HOME (SPALDING)
LIMITED (REGISTERED NUMBER: 12403693)






Contents of the Financial Statements
for the period 1 February 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GENESIS RESIDENTIAL HOME (SPALDING)
LIMITED

Company Information
for the period 1 February 2023 to 31 December 2023







DIRECTORS: Ms R Oozageer
B Oozageer



SECRETARY: B Oozageer



REGISTERED OFFICE: 32 Furlong Way
Great Amwell
Ware
SG12 9TF



REGISTERED NUMBER: 12403693 (England and Wales)



SENIOR STATUTORY AUDITOR: Christopher James Whale



AUDITORS: Trevor Jones & Partners Ltd
Statutory Auditor
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

GENESIS RESIDENTIAL HOME (SPALDING)
LIMITED (REGISTERED NUMBER: 12403693)

Balance Sheet
31 December 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,758 22,864

CURRENT ASSETS
Debtors 5 163,633 30,828
Cash at bank and in hand 113,674 143,869
277,307 174,697
CREDITORS
Amounts falling due within one year 6 134,113 76,868
NET CURRENT ASSETS 143,194 97,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,952

120,693

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 164,852 120,593
164,952 120,693

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 16 September 2024 and were signed on its behalf by:





Ms R Oozageer - Director


GENESIS RESIDENTIAL HOME (SPALDING)
LIMITED (REGISTERED NUMBER: 12403693)

Notes to the Financial Statements
for the period 1 February 2023 to 31 December 2023

1. STATUTORY INFORMATION

Genesis Residential Home (Spalding) 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.
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the period 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 period 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 period was 11 (2023 - 9 ) .

GENESIS RESIDENTIAL HOME (SPALDING)
LIMITED (REGISTERED NUMBER: 12403693)

Notes to the Financial Statements - continued
for the period 1 February 2023 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 29,927
Additions 1,238
At 31 December 2023 31,165
DEPRECIATION
At 1 February 2023 7,063
Charge for period 2,344
At 31 December 2023 9,407
NET BOOK VALUE
At 31 December 2023 21,758
At 31 January 2023 22,864

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other debtors 163,633 30,828

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 798 -
Amounts owed to group undertakings 90,000 -
Taxation and social security 25,050 14,224
Other creditors 18,265 62,644
134,113 76,868

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

The Report of the Auditors was unqualified.

Christopher James Whale (Senior Statutory Auditor)
for and on behalf of Trevor Jones & Partners Ltd