Mereside Care Home Ltd Filleted Accounts Cover
Mereside Care Home Ltd
Company No. 10673550
Information for Filing with The Registrar
31 December 2023
Mereside Care Home Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the year under review was care home and assisted living.
Directors
The Directors who served at any time during the year were as follows:
M. Pereplochik
B. Pereplotchik
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
B. Pereplotchik
Director
30 September 2024
Mereside Care Home Ltd Balance Sheet Registrar
at
31 December 2023
Company No.
10673550
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
1,104,1811,095,888
1,104,1811,095,888
Current assets
Debtors
5
652,012658,746
Cash at bank and in hand
7,7615,466
659,773664,212
Creditors: Amount falling due within one year
6
(1,095,129)
(529,961)
Net current (liabilities)/assets
(435,356)
134,251
Total assets less current liabilities
668,8251,230,139
Creditors: Amounts falling due after more than one year
7
(47,330)
(639,815)
Net assets
621,495590,324
Capital and reserves
Called up share capital
100100
Profit and loss account
8
621,395590,224
Total equity
621,495590,324
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2023 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 September 2024
And signed on its behalf by:
B. Pereplotchik
Director
30 September 2024
Mereside Care Home Ltd Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Its registered number is: 10673550
Its registered office is:
2nd Floor
201 Haverstock Hill
London
England
NW3 4QG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Going concern
These financial statements have been prepared on the going concern basis. The director,s having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that material uncertainty exists that may cast doubt on the ability of the company to continue as a going concern. Accordingly, the directors have a reasonable expectation that the company will continue in operational existence and therefore they continue to adopt the going concern basis of accounting to prepare the financial statements.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
20% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
1916
4
Tangible fixed assets
Land and buildings
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost or revaluation
At 1 January 2023
1,013,00085,9177,6001,106,517
Additions
-2,60019,00021,600
Disposals
--
(3,113)
(3,113)
At 31 December 2023
1,013,00088,51723,4871,125,004
Depreciation
At 1 January 2023
-6,1424,48710,629
Charge for the year
-7,3442,85010,194
At 31 December 2023
-13,4867,33720,823
Net book values
At 31 December 2023
1,013,00075,03116,1501,104,181
At 31 December 2022
1,013,000
79,775
3,113
1,095,888
5
Debtors
2023
2022
£
£
Trade debtors
3,378-
Amounts owed by group undertakings
647,133-
Other debtors
1,501595,705
Prepayments and accrued income
-63,041
652,012658,746
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
15,38448,671
Other loans
-4,714
Amounts owed to group undertakings
1,039,734
-
Taxes and social security
21,904
51,487
Other creditors
14,279421,261
Accruals and deferred income
3,8283,828
1,095,129529,961
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
30,556628,923
Other loans
16,77410,892
47,330639,815
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Related party disclosures
The company has taken advantage of the exemption available according to Section 33 of FRS 102 "Related party disclosure" not to disclose the transactions entered into between two or more members of a group that are wholly owned.
Parent company
The name of the parent of the smallest group for which the entity is a member:
Trusted Hands Care Group
The parent's registered office address is:
37 Adshead Road, Dudley, England, DY2 8ST
10
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
102,000
77,500
102,000
77,500
Dividends by type:
Equity dividends
102,00077,500
102,000
77,500
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