Gratia Cura Residential Ltd 15068527 false 2023-08-13 2024-08-31 2024-08-31 The principal activity of the company is Other residential care activities not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 15068527 2023-08-13 2024-08-31 15068527 2024-08-31 15068527 bus:OrdinaryShareClass1 2024-08-31 15068527 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-08-31 15068527 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-08-31 15068527 core:CurrentFinancialInstruments 2024-08-31 15068527 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 15068527 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 15068527 core:FurnitureFittings 2024-08-31 15068527 core:MotorVehicles 2024-08-31 15068527 core:PlantMachinery 2024-08-31 15068527 bus:SmallEntities 2023-08-13 2024-08-31 15068527 bus:AuditExemptWithAccountantsReport 2023-08-13 2024-08-31 15068527 bus:FullAccounts 2023-08-13 2024-08-31 15068527 bus:SmallCompaniesRegimeForAccounts 2023-08-13 2024-08-31 15068527 bus:RegisteredOffice 2023-08-13 2024-08-31 15068527 bus:Director1 2023-08-13 2024-08-31 15068527 bus:Director2 2023-08-13 2024-08-31 15068527 bus:OrdinaryShareClass1 2023-08-13 2024-08-31 15068527 bus:PrivateLimitedCompanyLtd 2023-08-13 2024-08-31 15068527 core:FurnitureFittings 2023-08-13 2024-08-31 15068527 core:MotorVehicles 2023-08-13 2024-08-31 15068527 core:PlantMachinery 2023-08-13 2024-08-31 15068527 core:Vehicles 2023-08-13 2024-08-31 15068527 countries:England 2023-08-13 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15068527

Gratia Cura Residential Ltd

Unaudited Filleted Financial Statements

for the Period from 13 August 2023 to 31 August 2024

 

Gratia Cura Residential Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Gratia Cura Residential Ltd

Company Information

Directors

Allie Collins

Rebecca Webb

Registered office

6 Park Road
Didcot
OX11 8QW

Accountants

James Thompson t/a AIMS
11 Brindley Place
Brunswick Square
Birmingham
West Midlands
B1 2LP

 

Gratia Cura Residential Ltd

(Registration number: 15068527)
Balance Sheet as at 31 August 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

61,183

Current assets

 

Debtors

5

190,367

Cash at bank and in hand

 

56,236

 

246,603

Creditors: Amounts falling due within one year

6

(430,722)

Net current liabilities

 

(184,119)

Total assets less current liabilities

 

(122,936)

Creditors: Amounts falling due after more than one year

6

(28,791)

Net liabilities

 

(151,727)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(151,827)

Shareholders' deficit

 

(151,727)

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 

.........................................
Allie Collins
Director

 

Gratia Cura Residential Ltd

Notes to the Unaudited Financial Statements for the Period from 13 August 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Park Road
Didcot
OX11 8QW
United Kingdom

These financial statements were authorised for issue by the Board on 19 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Gratia Cura Residential Ltd

Notes to the Unaudited Financial Statements for the Period from 13 August 2023 to 31 August 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

Straight line 25% per year

Plant & Machinery

Straight line 25% per year

Motor Vehicles

Straight line 20% per year

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Gratia Cura Residential Ltd

Notes to the Unaudited Financial Statements for the Period from 13 August 2023 to 31 August 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 7.

 

Gratia Cura Residential Ltd

Notes to the Unaudited Financial Statements for the Period from 13 August 2023 to 31 August 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

Additions

21,288

5,491

39,000

65,779

At 31 August 2024

21,288

5,491

39,000

65,779

Depreciation

Charge for the period

1,024

322

3,250

4,596

At 31 August 2024

1,024

322

3,250

4,596

Carrying amount

At 31 August 2024

20,264

5,169

35,750

61,183

5

Debtors

Current

2024
£

Trade debtors

112,344

Prepayments

25,800

Other debtors

52,223

 

190,367

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

8

193,644

Trade creditors

 

7,601

Taxation and social security

 

43,235

Other creditors

 

186,242

 

430,722

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

8

28,791

 

Gratia Cura Residential Ltd

Notes to the Unaudited Financial Statements for the Period from 13 August 2023 to 31 August 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordnary Shares of £1 each

100

100

     

8

Loans and borrowings

2024
£

Non-current loans and borrowings

Hire purchase contracts

28,791

2024
£

Current loans and borrowings

Hire purchase contracts

4,903

Other borrowings

188,741

193,644

9

Related party transactions

 

Gratia Cura Residential Ltd

Notes to the Unaudited Financial Statements for the Period from 13 August 2023 to 31 August 2024

Directors' remuneration

The directors' remuneration for the period was as follows:

2024
£

Remuneration

3,032

Contributions paid to money purchase schemes

8

3,040