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REGISTERED NUMBER: 04491390 (England and Wales)
























Financial Statements

for the Year Ended 31 December 2023

for

HATHERLEY CARE HOME LIMITED

HATHERLEY CARE HOME LIMITED (REGISTERED NUMBER: 04491390)






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


HATHERLEY CARE HOME LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: B Oozageer
R Oozageer





SECRETARY: R Oozageer





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





REGISTERED NUMBER: 04491390 (England and Wales)





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

HATHERLEY CARE HOME LIMITED (REGISTERED NUMBER: 04491390)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,521,315 1,579,246
Investments 5 1,254,679 1,254,679
2,775,994 2,833,925

CURRENT ASSETS
Debtors 6 958,567 408,532
Cash at bank and in hand 1,386,045 1,570,715
2,344,612 1,979,247
CREDITORS
Amounts falling due within one year 7 151,429 116,356
NET CURRENT ASSETS 2,193,183 1,862,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,969,177

4,696,816

CREDITORS
Amounts falling due after more than one year 8 228,783 259,098
NET ASSETS 4,740,394 4,437,718

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 632,000 632,000
Retained earnings 4,107,394 3,804,718
SHAREHOLDERS' FUNDS 4,740,394 4,437,718

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:





R Oozageer - Director


HATHERLEY CARE HOME LIMITED (REGISTERED NUMBER: 04491390)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Hatherley Care 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

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

An amount equal to the excess of the annual depreciation charge on revalued assets over the notional
historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

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.

HATHERLEY CARE HOME LIMITED (REGISTERED NUMBER: 04491390)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 33 (2022 - 36 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,879,893 487,591 2,367,484
Additions - 6,293 6,293
At 31 December 2023 1,879,893 493,884 2,373,777
DEPRECIATION
At 1 January 2023 468,445 319,793 788,238
Charge for year 37,600 26,624 64,224
At 31 December 2023 506,045 346,417 852,462
NET BOOK VALUE
At 31 December 2023 1,373,848 147,467 1,521,315
At 31 December 2022 1,411,448 167,798 1,579,246

HATHERLEY CARE HOME LIMITED (REGISTERED NUMBER: 04491390)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 1,254,679
NET BOOK VALUE
At 31 December 2023 1,254,679
At 31 December 2022 1,254,679

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 82,163 2,542
Amounts owed by group undertakings 400,720 400,720
Other debtors 475,684 5,270
958,567 408,532

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,827 5,575
Taxation and social security 131,283 100,621
Other creditors 13,319 10,160
151,429 116,356

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 228,783 259,098

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 228,783 259,098

HATHERLEY CARE HOME LIMITED (REGISTERED NUMBER: 04491390)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 632,000

11. 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

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE PARENT UNDERTAKING

The company's ultimate holding company is Adonai Holdings Limited, a company of which the directors, B. and R. Oozageer, are directors and shareholders.