Downview Residential Home Limited 13847670 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the running of a residential home. Digita Accounts Production Advanced 6.30.9574.0 true 13847670 2023-04-01 2024-03-31 13847670 2024-03-31 13847670 core:CurrentFinancialInstruments 2024-03-31 13847670 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13847670 core:FurnitureFittings 2024-03-31 13847670 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 13847670 core:MotorVehicles 2024-03-31 13847670 core:OfficeEquipment 2024-03-31 13847670 bus:SmallEntities 2023-04-01 2024-03-31 13847670 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13847670 bus:FullAccounts 2023-04-01 2024-03-31 13847670 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13847670 bus:RegisteredOffice 2023-04-01 2024-03-31 13847670 bus:Director1 2023-04-01 2024-03-31 13847670 bus:Director3 2023-04-01 2024-03-31 13847670 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13847670 core:FurnitureFittings 2023-04-01 2024-03-31 13847670 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13847670 core:MotorVehicles 2023-04-01 2024-03-31 13847670 core:OfficeEquipment 2023-04-01 2024-03-31 13847670 countries:EnglandWales 2023-04-01 2024-03-31 13847670 2023-03-31 13847670 core:FurnitureFittings 2023-03-31 13847670 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 13847670 core:MotorVehicles 2023-03-31 13847670 core:OfficeEquipment 2023-03-31 13847670 2022-01-13 2023-03-31 13847670 2023-03-31 13847670 core:CurrentFinancialInstruments 2023-03-31 13847670 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13847670 core:FurnitureFittings 2023-03-31 13847670 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 13847670 core:MotorVehicles 2023-03-31 13847670 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 13847670

Downview Residential Home Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Downview Residential Home Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Downview Residential Home Limited

(Registration number: 13847670)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

301,669

291,569

Current assets

 

Stocks

923

876

Debtors

5

-

350

Cash at bank and in hand

 

35,301

73,324

 

36,224

74,550

Creditors: Amounts falling due within one year

6

(291,304)

(300,339)

Net current liabilities

 

(255,080)

(225,789)

Total assets less current liabilities

 

46,589

65,780

Provisions for liabilities

(6,903)

(5,193)

Net assets

 

39,686

60,587

Capital and reserves

 

Called up share capital

2,100

2,100

Retained earnings

37,586

58,487

Shareholders' funds

 

39,686

60,587

 

Downview Residential Home Limited

(Registration number: 13847670)
Balance Sheet as at 31 March 2024

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year 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 21 August 2024 and signed on its behalf by:
 

.........................................
Mr T N Shoesmith
Director

.........................................
Mrs S A Shoesmith
Director

 

Downview Residential Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable of rent in the running of a residential home. Turnover is shown net of sales returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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:

 

Downview Residential Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Furniture and fittings

10% reducing balance

Motor vehicles

25% reducing balance

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.

Debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 year, was 18 (2023 - 18).

 

Downview Residential Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 April 2023

258,895

21,173

966

12,714

Additions

3,920

12,109

-

-

At 31 March 2024

262,815

33,282

966

12,714

Depreciation

At 1 April 2023

-

1,806

242

131

Charge for the year

-

2,602

181

3,146

At 31 March 2024

-

4,408

423

3,277

Carrying amount

At 31 March 2024

262,815

28,874

543

9,437

At 31 March 2023

258,895

19,367

724

12,583

Total
£

Cost or valuation

At 1 April 2023

293,748

Additions

16,029

At 31 March 2024

309,777

Depreciation

At 1 April 2023

2,179

Charge for the year

5,929

At 31 March 2024

8,108

Carrying amount

At 31 March 2024

301,669

At 31 March 2023

291,569

Included within the net book value of land and buildings above is £262,815 (2023 - £258,895) in respect of freehold land and buildings.
 

 

Downview Residential Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Debtors

Current

2024
£

2023
£

Other debtors

-

350

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

559

-

Taxation and social security

41,676

42,895

Other creditors

249,069

257,444

291,304

300,339