Company Registration No. 10435086 (England and Wales)
Bay Tree House (Wxm) Limited
Unaudited Filleted Accounts
for the year ended 31 March 2024
Bay Tree House (Wxm) Limited
Unaudited Filleted Accounts
Contents
Bay Tree House (Wxm) Limited
Company Information
for the year ended 31 March 2024
Directors
David Lee Atkins
Gemma Sian Elizabeth Atkins
Company Number
10435086 (England and Wales)
Registered Office
99 Norman Road
Wrexham
LL13 7BG
Accountants
J M Price & Co, Chartered Certified Accountants
Dalton House
35 Chester Street
Wrexham
Wrexham
LL13 8AH
Bay Tree House (Wxm) Limited
Statement of financial position
as at 31 March 2024
Tangible assets
1,892,918
1,898,277
Cash at bank and in hand
368,095
259,074
Creditors: amounts falling due within one year
(216,736)
(243,279)
Net current assets
450,536
241,949
Total assets less current liabilities
2,343,454
2,140,227
Creditors: amounts falling due after more than one year
(1,164,903)
(1,208,802)
Provisions for liabilities
Deferred tax
(121,790)
(137,297)
Net assets
1,056,761
794,128
Called up share capital
100
100
Revaluation reserve
730,000
730,000
Profit and loss account
326,661
64,028
Shareholders' funds
1,056,761
794,128
For the year ending 31 March 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 11 September 2024 and were signed on its behalf by
David Lee Atkins
Director
Company Registration No. 10435086
Bay Tree House (Wxm) Limited
Notes to the Accounts
for the year ended 31 March 2024
Bay Tree House (Wxm) Limited is a private company, limited by shares, registered in England and Wales, registration number 10435086. The registered office is 99 Norman Road, Wrexham, LL13 7BG.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and is being written down over a period of 5 years.
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
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
In compliance with The Pensions Regulator requirements, the company offers a defined contribution scheme with NEST for the benefit of its employees under auto enrolment. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Bay Tree House (Wxm) Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2023
767,097
-
767,097
At 31 March 2024
767,097
-
767,097
At 1 April 2023
767,096
-
767,096
Other increase/(decrease)
-
1
1
At 31 March 2024
767,096
1
767,097
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
1,855,339
188,370
2,043,709
At 31 March 2024
1,855,339
191,641
2,046,980
At 1 April 2023
-
145,432
145,432
Charge for the year
-
8,630
8,630
At 31 March 2024
-
154,062
154,062
At 31 March 2024
1,855,339
37,579
1,892,918
At 31 March 2023
1,855,339
42,938
1,898,277
The property has been revalued on the basis of Pinders Chartered Surveyors report after the extension work was complete and the additional licences granted.
Amounts falling due within one year
Trade debtors
41,660
37,976
Accrued income and prepayments
2,659
2,291
Amounts falling due after more than one year
Amounts due from group undertakings etc.
251,767
181,337
Bay Tree House (Wxm) Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
51,531
56,513
Trade creditors
1,471
48,072
Taxes and social security
94,184
64,283
Other creditors
58,010
41,145
Deferred income
2,317
7,358
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
826,825
870,725
Amounts owed to group undertakings and other participating interests
338,078
338,077
Aggregate of amounts that fall due for payment after five years
494,979
633,526
Barclays Bank plc mortgage (Balance at year end of £878,357) is secured on the property and also has a fixed and floating charge over the assets of the company.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company operates an auto enrolment scheme with NEST in accordance with The Pensions Regulator.
11
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,320
4,320
Later than one year and not later than five years
5,400
8,640
Bay Tree House (Wxm) Limited
Notes to the Accounts
for the year ended 31 March 2024
12
Transactions with related parties
Management fees paid in the year to parent company Orchard Care Group Limited Reg No 10433921 £270,000 (2023: £265,000).
Amount due from parent company Orchard Care Group Limited (Reg No 10433921) at the year end was £251,767 ( 2023: £181,337.)
Amount due to group company Cherry Tree Care Home Limited (Reg No 9247254) at the year end was £338,078 ( 2023: £338,077.
The company is 100% subsidiary of Orchard Care Group Limited - Company Registration No 10433921.The directors Mr David Atkins and Mrs Gemma Atkins own 100% of the shares in Orchard Care Group Limited and therefore control the company.
14
Average number of employees
During the year the average number of employees was 33 (2023: 30).