REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 23 DECEMBER 2022 TO 31 MARCH 2024 |
FOR |
DAWN RESIDENTIAL CARE HOME LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 23 DECEMBER 2022 TO 31 MARCH 2024 |
FOR |
DAWN RESIDENTIAL CARE HOME LIMITED |
DAWN RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 14557040) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 DECEMBER 2022 TO 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
DAWN RESIDENTIAL CARE HOME LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 23 DECEMBER 2022 TO 31 MARCH 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Railview Lofts |
19c Commercial Road |
Eastbourne |
East Sussex |
BN21 3XE |
DAWN RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 14557040) |
BALANCE SHEET |
31 MARCH 2024 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
DAWN RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 14557040) |
BALANCE SHEET - continued |
31 MARCH 2024 |
Notes | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
DAWN RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 14557040) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 DECEMBER 2022 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Dawn Residential Care Home Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows: |
The rates of depreciation applied to and useful life of freehold property, plant & machinery and furniture, fittings & fixtures. |
Turnover |
Turnover represents the invoiced amount of services provided as adjusted for income invoiced for periods in advance and income accrued but not invoiced. |
Goodwill |
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. |
DAWN RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 14557040) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 DECEMBER 2022 TO 31 MARCH 2024 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
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 |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank and in hand.. |
Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability. |
Financial assets are de-recognised when: |
- the contractual rights to the cash flows from the financial asset expire or are settled; or |
- the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or |
- the company, despite having retained some but not all significant risks and rewards of ownership, has transferred control of the asset to another party. |
Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires. |
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. |
DAWN RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 14557040) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 DECEMBER 2022 TO 31 MARCH 2024 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31 March 2024 |
AMORTISATION |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
DAWN RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 14557040) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 DECEMBER 2022 TO 31 MARCH 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
Additions |
At 31 March 2024 |
DEPRECIATION |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
Included in cost of land and buildings is freehold land of £ 200,000 which is not depreciated. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans |
DAWN RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 14557040) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 DECEMBER 2022 TO 31 MARCH 2024 |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
Between one and five years |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
The company has provided security for its bank borrowing of £706,536 as at 31 March 2024 by way of a fixed charge over the company's freehold property and a fixed and floating charge over all of the company's property and undertakings present and future. |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
A ordinary | £1 | 45 |
B ordinary | £1 | 30 |
C ordinary | £1 | 25 |
100 |
The following shares were issued during the period for cash at par : |
45 A ordinary shares of £1 |
30 B ordinary shares of £1 |
25 C ordinary shares of £1 |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mr & Mrs S Rahim. |