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Company Registration No. 9247254 (England and Wales)
Cherry Tree Care Home Limited Unaudited filleted accounts for the year ended 31 March 2024
Cherry Tree Care Home Limited Unaudited filleted accounts Contents
Page
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Cherry Tree Care Home Limited Company Information for the year ended 31 March 2024
Directors
David Atkins Gemma Atkins
Company Number
9247254 (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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Cherry Tree Care Home Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,406,389 
1,409,761 
Current assets
Inventories
1,900 
4,100 
Debtors
746,669 
693,268 
Cash at bank and in hand
280,389 
252,939 
1,028,958 
950,307 
Creditors: amounts falling due within one year
(225,987)
(194,633)
Net current assets
802,971 
755,674 
Total assets less current liabilities
2,209,360 
2,165,435 
Creditors: amounts falling due after more than one year
(1,188,061)
(1,262,029)
Provisions for liabilities
Deferred tax
(8,739)
(7,086)
Net assets
1,012,560 
896,320 
Capital and reserves
Called up share capital
190 
200 
Profit and loss account
1,012,370 
896,120 
Shareholders' funds
1,012,560 
896,320 
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 23 September 2024 and were signed on its behalf by
David Atkins Director Company Registration No. 9247254
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Cherry Tree Care Home Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cherry Tree Care Home Limited is a private company, limited by shares, registered in England and Wales, registration number 9247254. 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.
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
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Pension costs
The company uses a defined contribution scheme with under auto enrolment requirements for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
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Cherry Tree Care Home Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
900,000 
At 31 March 2024
900,000 
Amortisation
At 1 April 2023
900,000 
At 31 March 2024
900,000 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,370,000 
114,117 
1,484,117 
Additions
- 
4,928 
4,928 
At 31 March 2024
1,370,000 
119,045 
1,489,045 
Depreciation
At 1 April 2023
- 
74,356 
74,356 
Charge for the year
- 
8,300 
8,300 
At 31 March 2024
- 
82,656 
82,656 
Net book value
At 31 March 2024
1,370,000 
36,389 
1,406,389 
At 31 March 2023
1,370,000 
39,761 
1,409,761 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,803 
48,031 
Accrued income and prepayments
3,427 
2,897 
25,230 
50,928 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
721,439 
642,340 
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Cherry Tree Care Home 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
74,043 
70,312 
Trade creditors
7,584 
3,598 
Taxes and social security
90,531 
47,610 
Other creditors
45,149 
55,854 
Accruals
8,680 
10,749 
Deferred income
- 
6,510 
225,987 
194,633 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,188,061 
1,262,029 
Aggregate of amounts that fall due for payment after five years
766,171 
937,997 
The mortgage with Barclays plc (balance at the year end £1,262,104) is secured on the building and a fixed and floating charge over the assets of the company.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
190 Ordinary shares of £1 each
190 
200 
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
4,406 
4,406 
Later than one year and not later than five years
3,304 
5,984 
7,710 
10,390 
12
Transactions with related parties
Management fees were paid to parent company Orchard Care Group Limited (Reg No 10433921) of £216, 000. (2023: £213,00). Amounts due from group companies: Due from parent company Orchard Care Group Limited (Reg No 10433921) at the year end was £383,361). (2023 :£304,263) Due from Bay Tree House (Wxm) Limited (Reg No 1045086) at the year end was £338,077 (2023: £338,077)
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Cherry Tree Care Home Limited Notes to the Accounts for the year ended 31 March 2024
13
Controlling party
At the balance sheet date, the voting shares are owned by Orchard Care Group Limited. The two directors, Mr David Atkins and Mrs Gemma Atkins are the joint shareholders of 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: 33).
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