REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2022 to 31 December 2023 |
for |
Suitecare Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2022 to 31 December 2023 |
for |
Suitecare Limited |
Suitecare Limited (Registered number: 02969105) |
Contents of the Financial Statements |
for the Period 1 October 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Suitecare Limited |
Company Information |
for the Period 1 October 2022 to 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Reedham House |
31 King Street West |
Manchester |
M3 2PJ |
Suitecare Limited (Registered number: 02969105) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 7 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Suitecare Limited (Registered number: 02969105) |
Balance Sheet - continued |
31 December 2023 |
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 |
Suitecare Limited (Registered number: 02969105) |
Notes to the Financial Statements |
for the Period 1 October 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Suitecare Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the invoice value of rent and service charges provided inclusive of value added tax during the year. |
Bank and other interest is recognised in the period in which it was received. |
Tangible fixed assets |
Fixtures and fittings | - |
Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses. |
Taxation |
Taxation for the period 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. |
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 period 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. |
Value added tax |
The company is not registered for VAT and all expenditure is therefore stated inclusive of VAT where applicable. |
Investment properties |
Interest in investment properties is stated at an open market valuation with no depreciation being provided, in accordance with Financial Reporting Standard 102 Section 1A. |
Suitecare Limited (Registered number: 02969105) |
Notes to the Financial Statements - continued |
for the Period 1 October 2022 to 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The company's financial statements for the period ended 31 December 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and |
properties | property | fittings | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 October 2022 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 30 September 2022 |
Cost or valuation at 31 December 2023 is represented by: |
Improvements | Fixtures |
Freehold | to | and |
properties | property | fittings | Totals |
£ | £ | £ | £ |
Valuation in 2002 | 638,000 | - | - | 638,000 |
Valuation in 2006 | 404,250 | - | - | 404,250 |
Valuation in 2013 | (100,000 | ) | - | - | (100,000 | ) |
Valuation in 2015 | (464,936 | ) | - | - | (464,936 | ) |
Cost | 1,424,790 | 284,867 | 78,081 | 1,787,738 |
1,902,104 | 284,867 | 78,081 | 2,265,052 |
If the investment properties had not been revalued they would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 1,424,790 | 1,424,790 |
Suitecare Limited (Registered number: 02969105) |
Notes to the Financial Statements - continued |
for the Period 1 October 2022 to 31 December 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
One of the properties was valued by Vickery Holman on a Market Value basis with an effective valuation date of 16 September 2015. |
The director does not consider the value of the all properties at 31 December 2023 to be materially different from that stated in the financial statements.. |
5. | DEBTORS |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 October 2022 | 2,548,386 |
Profit for the period |
Dividends | ( |
) | ( |
) |
At 31 December 2023 | 2,580,794 |