20 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 900,000 304,224 12,528 316,752 583,248 595,776 xbrli:pure xbrli:shares iso4217:GBP 01662328 2023-01-01 2023-12-31 01662328 2023-12-31 01662328 2022-12-31 01662328 2022-01-01 2022-12-31 01662328 2022-12-31 01662328 2021-12-31 01662328 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01662328 bus:Director1 2023-01-01 2023-12-31 01662328 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 01662328 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 01662328 core:WithinOneYear 2023-12-31 01662328 core:WithinOneYear 2022-12-31 01662328 core:ShareCapital 2023-12-31 01662328 core:ShareCapital 2022-12-31 01662328 core:RevaluationReserve 2023-12-31 01662328 core:RevaluationReserve 2022-12-31 01662328 core:RetainedEarningsAccumulatedLosses 2023-12-31 01662328 core:RetainedEarningsAccumulatedLosses 2022-12-31 01662328 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 01662328 bus:SmallEntities 2023-01-01 2023-12-31 01662328 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01662328 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01662328 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01662328 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 01662328
Annesley (Oldercare) Limited
Filleted Unaudited Financial Statements
31 December 2023
Annesley (Oldercare) Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
583,248
595,776
Current assets
Stocks
500
500
Debtors
6
15,479
18,359
Cash at bank and in hand
170,234
166,899
---------
---------
186,213
185,758
Creditors: amounts falling due within one year
7
14,561
15,390
---------
---------
Net current assets
171,652
170,368
---------
---------
Total assets less current liabilities
754,900
766,144
---------
---------
Net assets
754,900
766,144
---------
---------
Capital and reserves
Called up share capital
50,000
50,000
Revaluation reserve
143,050
143,778
Profit and loss account
561,850
572,366
---------
---------
Shareholders funds
754,900
766,144
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Annesley (Oldercare) Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
C K Patel
Director
Company registration number: 01662328
Annesley (Oldercare) Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 21 Arlington, Woodside Park, London, N12 7JR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors believe that due to the availability of past accumulated reserves, the company will continue to be in operation for at least the next 12 months from the date of this report and therefore the financial statements have been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Buildings
-
2% straight line
Freehold land is not depreciated.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2022: 19 ).
5. Tangible assets
Land and buildings
£
Cost
At 1 January 2023 and 31 December 2023
900,000
---------
Depreciation
At 1 January 2023
304,224
Charge for the year
12,528
---------
At 31 December 2023
316,752
---------
Carrying amount
At 31 December 2023
583,248
---------
At 31 December 2022
595,776
---------
In respect of fixed assets stated at valuations, the comparable historical costs and related depreciation values are as follows:
2023 2022
£ £
Historical costs 639,998 639,998
Accumulated depreciation (377,600) (365,800)
Net book value 262,398 274,198
6. Debtors
2023
2022
£
£
Trade debtors
15,479
11,632
Other debtors
6,727
--------
--------
15,479
18,359
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
13,001
13,830
Other creditors
1,560
1,560
--------
--------
14,561
15,390
--------
--------