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REGISTERED NUMBER: 08527170 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Nottingham Care Village Limited

Nottingham Care Village Limited (Registered number: 08527170)






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


Nottingham Care Village Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M K McGowan
S A Young
K Z Drazdzewska





SECRETARY: M. M. Secretariat Limited





REGISTERED OFFICE: Environment House
1 St. Marks Street
Nottingham
Nottinghamshire
NG3 1DE





REGISTERED NUMBER: 08527170 (England and Wales)





AUDITORS: Torr Waterfield Limited
Statutory Auditor
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Nottingham Care Village Limited (Registered number: 08527170)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 139,875 143,698

CURRENT ASSETS
Stocks 3,632 2,575
Debtors 5 344,389 130,145
Cash at bank and in hand 39,232 108,330
387,253 241,050
CREDITORS
Amounts falling due within one year 6 (281,903 ) (161,579 )
NET CURRENT ASSETS 105,350 79,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,225

223,169

CAPITAL AND RESERVES
Called up share capital 900,000 900,000
Retained earnings (654,775 ) (676,831 )
245,225 223,169

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2024 and were signed on its behalf by:





K Z Drazdzewska - Director


Nottingham Care Village Limited (Registered number: 08527170)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Nottingham Care Village 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements are prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the directors to maintain the necessary financial support.

Related party exemption
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Nottingham Care Village Limited (Registered number: 08527170)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Grants relating to assets is recognised in income on a systematic basis over the expected useful life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 69,880 81,699 206,828 358,407
Additions - - 19,966 19,966
At 31 December 2023 69,880 81,699 226,794 378,373
DEPRECIATION
At 1 January 2023 5,026 71,218 138,465 214,709
Charge for year 4,052 5,602 14,135 23,789
At 31 December 2023 9,078 76,820 152,600 238,498
NET BOOK VALUE
At 31 December 2023 60,802 4,879 74,194 139,875
At 31 December 2022 64,854 10,481 68,363 143,698

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 95,642 85,760
Amounts owed by group undertakings 20,070 27,833
Other debtors 228,677 16,552
344,389 130,145

Nottingham Care Village Limited (Registered number: 08527170)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other debtors includes prepayments and accrued income of £28,677 (2022 - £16,552).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 93,629 28,009
Amounts owed to group undertakings 15,525 -
Taxation and social security 40,509 24,688
Other creditors 132,240 108,882
281,903 161,579

Other creditors includes accruals and deferred income of £54,892 (2022 - £67,198).

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Morris FCA (Senior Statutory Auditor)
for and on behalf of Torr Waterfield Limited

8. RELATED PARTY TRANSACTIONS

Other related parties
31.12.23 31.12.22
£ £
Amounts due from related parties 204,545 27,833
Other related parties are entities under common control.

9. ULTIMATE CONTROLLING PARTY

The parent company is Purico Limited, a company incorporated in the United Kingdom.

The ultimate parent company is Clary Limited, a company incorporated in the Isle of Man. In the opinion of the directors Clary Limited is the ultimate controlling party.