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Company Registration No. 07014370 (England and Wales)
Greystones Nursing Home Ltd Unaudited accounts for the year ended 29 February 2024
Greystones Nursing Home Ltd Unaudited accounts Contents
Page
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Greystones Nursing Home Ltd Company Information for the year ended 29 February 2024
Directors
Shahbaz Munir Simkey Munir
Company Number
07014370 (England and Wales)
Registered Office
Greystones Parsons Road Bradford West Yorkshire BD9 4DW England
Accountants
A&M Accountants and Consultants LLP Chartered Certified Accountants Unit 1-2, 41 Whetley Hill Bradford BD8 8NL
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Greystones Nursing Home Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
104,098 
147,243 
Current assets
Inventories
1,617 
1,522 
Debtors
8,919 
16,568 
Cash at bank and in hand
475,620 
363,730 
486,156 
381,820 
Creditors: amounts falling due within one year
(210,093)
(133,327)
Net current assets
276,063 
248,493 
Total assets less current liabilities
380,161 
395,736 
Creditors: amounts falling due after more than one year
(335,884)
(333,727)
Net assets
44,277 
62,009 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
44,177 
61,909 
Shareholders' funds
44,277 
62,009 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by
Simkey Munir Director Company Registration No. 07014370
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Greystones Nursing Home Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Greystones Nursing Home Ltd is a private company, limited by shares, registered in England and Wales, registration number 07014370. The registered office is Greystones, Parsons Road, Bradford, West Yorkshire, BD9 4DW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
Motor vehicles
10% straight line
Fixtures & fittings
10% straight line
Computer equipment
10% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Greystones Nursing Home Ltd Notes to the Accounts for the year ended 29 February 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
500,000 
At 29 February 2024
500,000 
Amortisation
At 1 March 2023
500,000 
At 29 February 2024
500,000 
Net book value
At 29 February 2024
- 
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 5% per annum or over the life of intangible asset
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
431,457 
At 29 February 2024
431,457 
Depreciation
At 1 March 2023
284,214 
Charge for the year
43,145 
At 29 February 2024
327,359 
Net book value
At 29 February 2024
104,098 
At 28 February 2023
147,243 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,919 
16,568 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
150,773 
72,930 
Taxes and social security
29,205 
30,282 
Loans from directors
30,115 
30,115 
210,093 
133,327 
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Greystones Nursing Home Ltd Notes to the Accounts for the year ended 29 February 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
335,884 
333,727 
9
Average number of employees
During the year the average number of employees was 24 (2023: 24).
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