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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
Page
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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
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Bay Tree House (Wxm) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1 
Tangible assets
1,892,918 
1,898,277 
1,892,918 
1,898,278 
Current assets
Inventories
2,900 
4,550 
Debtors
296,277 
221,604 
Cash at bank and in hand
368,095 
259,074 
667,272 
485,228 
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 
Capital and reserves
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
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Bay Tree House (Wxm) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
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 taxation
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.
Pension costs
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.
Leased assets
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.
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Bay Tree House (Wxm) Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2023
767,097 
- 
767,097 
At 31 March 2024
767,097 
- 
767,097 
Amortisation
At 1 April 2023
767,096 
- 
767,096 
Other increase/(decrease)
- 
1 
1 
At 31 March 2024
767,096 
1 
767,097 
Net book value
At 31 March 2024
1 
(1)
- 
At 31 March 2023
1 
- 
1 
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 
Additions
- 
3,271 
3,271 
At 31 March 2024
1,855,339 
191,641 
2,046,980 
Depreciation
At 1 April 2023
- 
145,432 
145,432 
Charge for the year
- 
8,630 
8,630 
At 31 March 2024
- 
154,062 
154,062 
Net book value
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.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
41,660 
37,976 
Accrued income and prepayments
2,659 
2,291 
Other debtors
191 
- 
44,510 
40,267 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
251,767 
181,337 
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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 
Accruals
9,223 
25,908 
Deferred income
2,317 
7,358 
216,736 
243,279 
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 
1,164,903 
1,208,802 
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.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Pension commitments
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 
9,720 
12,960 
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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.
13
Controlling party
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).
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