Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseNo description of principal activity3129falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12642841 2022-11-01 2023-10-31 12642841 2021-11-01 2022-10-31 12642841 2023-10-31 12642841 2022-10-31 12642841 c:Director2 2022-11-01 2023-10-31 12642841 d:PlantMachinery 2022-11-01 2023-10-31 12642841 d:PlantMachinery 2023-10-31 12642841 d:PlantMachinery 2022-10-31 12642841 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12642841 d:MotorVehicles 2022-11-01 2023-10-31 12642841 d:MotorVehicles 2023-10-31 12642841 d:MotorVehicles 2022-10-31 12642841 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12642841 d:FurnitureFittings 2022-11-01 2023-10-31 12642841 d:FurnitureFittings 2023-10-31 12642841 d:FurnitureFittings 2022-10-31 12642841 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12642841 d:OfficeEquipment 2022-11-01 2023-10-31 12642841 d:OfficeEquipment 2023-10-31 12642841 d:OfficeEquipment 2022-10-31 12642841 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12642841 d:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 12642841 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12642841 d:Goodwill 2023-10-31 12642841 d:Goodwill 2022-10-31 12642841 d:CurrentFinancialInstruments 2023-10-31 12642841 d:CurrentFinancialInstruments 2022-10-31 12642841 d:Non-currentFinancialInstruments 2023-10-31 12642841 d:Non-currentFinancialInstruments 2022-10-31 12642841 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12642841 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12642841 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 12642841 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 12642841 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 12642841 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 12642841 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 12642841 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 12642841 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 12642841 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 12642841 d:ShareCapital 2023-10-31 12642841 d:ShareCapital 2022-10-31 12642841 d:RetainedEarningsAccumulatedLosses 2023-10-31 12642841 d:RetainedEarningsAccumulatedLosses 2022-10-31 12642841 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 12642841 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 12642841 c:FRS102 2022-11-01 2023-10-31 12642841 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12642841 c:FullAccounts 2022-11-01 2023-10-31 12642841 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12642841 2 2022-11-01 2023-10-31 12642841 d:Goodwill d:OwnedIntangibleAssets 2022-11-01 2023-10-31 12642841 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

12642841







GROSVENOR LODGE CARE HOME LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 OCTOBER 2023

































GROSVENOR LODGE CARE HOME LIMITED
REGISTERED NUMBER:12642841

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible fixed assets
 4 
26,752
30,440

Tangible fixed assets
 5 
122,324
125,389

  
149,076
155,829

Current assets
  

Debtors: amounts falling due within one year
 6 
244,410
200,437

Cash at bank and in hand
  
167,700
84,008

  
412,110
284,445

Creditors: amounts falling due within one year
 7 
(217,717)
(234,303)

Net current assets
  
 
 
194,393
 
 
50,142

Total assets less current liabilities
  
343,469
205,971

Creditors: amounts falling due after more than one year
 8 
(149,162)
(156,080)

Provisions for liabilities
  

Deferred tax
 10 
(26,945)
(28,312)

Net assets
  
167,362
21,579


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
167,062
21,279

  
167,362
21,579


Page 1

GROSVENOR LODGE CARE HOME LIMITED
REGISTERED NUMBER:12642841
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



M. Holliday - Welch
Director

Date: 19 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

GROSVENOR LODGE CARE HOME LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Grosvenor Lodge Care Home Limited (the 'Company') is a limited company by shares and incorporated in England and Wales. 
The address of its registered office is Level 1 Brockbourne House, 77 Mount Ephraim, Tunbridge Wells,
Kent, TN4 8BS, and its principal place of business is 40 Old Shoreham Road, Hove, BN3 6GA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Revenue is recognised on an accruals basis, with accrued and deferred income being recognised appropriately on fee income from residents and local authorities. 

  
2.3

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Profit and loss account over its useful economic life of ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

GROSVENOR LODGE CARE HOME LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
straight line
Fixtures and fittings
-
20%
reducing balance
Office equipment
-
20%
straight line
Plant and machinery
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

GROSVENOR LODGE CARE HOME LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

 Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

 Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

 Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.14

 Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

GROSVENOR LODGE CARE HOME LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.15

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2022 - 29).


4.


Intangible assets



Goodwill

£



Cost


At 1 November 2022
36,900



At 31 October 2023

36,900



Amortisation


At 1 November 2022
6,458


Charge for the year on owned assets
3,690



At 31 October 2023

10,148



Net book value



At 31 October 2023
26,752



Page 6

GROSVENOR LODGE CARE HOME LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 November 2022
50,269
11,450
137,458
28,651
227,828


Additions
18,201
-
11,484
300
29,985



At 31 October 2023

68,470
11,450
148,942
28,951
257,813



Depreciation


At 1 November 2022
14,009
3,244
72,664
12,522
102,439


Charge for the year on owned assets
11,018
2,290
14,488
5,254
33,050



At 31 October 2023

25,027
5,534
87,152
17,776
135,489



Net book value



At 31 October 2023
43,443
5,916
61,790
11,175
122,324



At 31 October 2022
36,260
8,206
64,794
16,129
125,389


6.


Debtors

2023
2022
£
£


Trade debtors
17,156
28,429

Other debtors
225,026
161,274

Prepayments and accrued income
2,228
10,734

244,410
200,437


Page 7

GROSVENOR LODGE CARE HOME LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
8,436
12,672

Trade creditors
4,182
14,667

Corporation tax
44,768
32,818

Other taxation and social security
18,119
35,114

Other creditors
113,519
110,712

Accruals and deferred income
28,693
28,320

217,717
234,303


Secured loans
The bank loan is secured by a debtenture granted by the company, a personal guarantee from the directors and supported by a first legal charge over a property owned by the directors. 


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
149,162
156,080


Secured loans
The bank loan is secured by a debtenture granted by the company, a personal guarantee from the directors and supported by a first legal charge over a property owned by the directors.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Bank loans
9,285
10,405

Amounts falling due 2-5 years

Bank loans
31,340
33,113

Amounts falling due after more than 5 years

Bank loans
108,537
112,561

149,162
156,079


Page 8

GROSVENOR LODGE CARE HOME LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

10.


Deferred taxation




2023


£






At beginning of year
(28,312)


Charged to profit or loss
1,367



At end of year
(26,945)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(26,945)
(28,312)

(26,945)
(28,312)


11.


Pension commitments

The Company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £1,748 (2022: £755) were payable to the fund at the balance sheet date and are included in creditors. 


12.


Transactions with directors

Included within other debtors due within one year is a loan of £97,274 (2022: £5,128) to M.Holliday-Welch, on which interest is charged at 2.5%. At the year ended 31 October 2023, interest totalled £3,131 (2022: £1,638).
Included within other debtors due within one year is a loan of £49,496 (2022: £30,903) to A.Brown on which interest charged at 2.5%. At the year ended 31 October 2023, interest totalled £993 (2022: NIL). 

2023
2022
£
£
Balance brought forward

36,031

6,970
 
Amounts advanced

209,915

238,179
 
Amounts repaid

(103,300)

(211,042)
 
Interest charged

4,124

1,924
 
Balance carried foward at 31 October 2023
146,770

36,031
 

 
Page 9