Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mrs J A Bailey 18/06/2015 Mr C J Kerslake 26/02/2003 Mrs S A Kerslake 26/02/2003 01 October 2024 The principal activity of the company is that of a residential care home. 04679815 2024-03-31 04679815 bus:Director1 2024-03-31 04679815 bus:Director2 2024-03-31 04679815 bus:Director3 2024-03-31 04679815 2023-03-31 04679815 core:CurrentFinancialInstruments 2024-03-31 04679815 core:CurrentFinancialInstruments 2023-03-31 04679815 core:Non-currentFinancialInstruments 2024-03-31 04679815 core:Non-currentFinancialInstruments 2023-03-31 04679815 core:ShareCapital 2024-03-31 04679815 core:ShareCapital 2023-03-31 04679815 core:RetainedEarningsAccumulatedLosses 2024-03-31 04679815 core:RetainedEarningsAccumulatedLosses 2023-03-31 04679815 core:Goodwill 2023-03-31 04679815 core:Goodwill 2024-03-31 04679815 core:Vehicles 2023-03-31 04679815 core:FurnitureFittings 2023-03-31 04679815 core:OfficeEquipment 2023-03-31 04679815 core:Vehicles 2024-03-31 04679815 core:FurnitureFittings 2024-03-31 04679815 core:OfficeEquipment 2024-03-31 04679815 bus:OrdinaryShareClass1 2024-03-31 04679815 2023-04-01 2024-03-31 04679815 bus:FilletedAccounts 2023-04-01 2024-03-31 04679815 bus:SmallEntities 2023-04-01 2024-03-31 04679815 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04679815 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04679815 bus:Director1 2023-04-01 2024-03-31 04679815 bus:Director2 2023-04-01 2024-03-31 04679815 bus:Director3 2023-04-01 2024-03-31 04679815 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 04679815 core:Vehicles 2023-04-01 2024-03-31 04679815 core:FurnitureFittings 2023-04-01 2024-03-31 04679815 core:OfficeEquipment core:TopRangeValue 2023-04-01 2024-03-31 04679815 2022-04-01 2023-03-31 04679815 core:OfficeEquipment 2023-04-01 2024-03-31 04679815 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04679815 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04679815 (England and Wales)

MOORLEIGH RESIDENTIAL CARE HOME LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

MOORLEIGH RESIDENTIAL CARE HOME LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

MOORLEIGH RESIDENTIAL CARE HOME LIMITED

BALANCE SHEET

As at 31 March 2024
MOORLEIGH RESIDENTIAL CARE HOME LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 45,493 38,330
45,493 38,330
Current assets
Debtors 5 32,791 33,674
Cash at bank and in hand 786,309 657,925
819,100 691,599
Creditors: amounts falling due within one year 6 ( 253,311) ( 191,286)
Net current assets 565,789 500,313
Total assets less current liabilities 611,282 538,643
Creditors: amounts falling due after more than one year ( 11,373) ( 9,600)
Net assets 599,909 529,043
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 599,809 528,943
Total shareholders' funds 599,909 529,043

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 financial statements of Moorleigh Residential Care Home Limited (registered number: 04679815) were approved and authorised for issue by the Board of Directors on 01 October 2024. They were signed on its behalf by:

Mr C J Kerslake
Director
MOORLEIGH RESIDENTIAL CARE HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
MOORLEIGH RESIDENTIAL CARE HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Moorleigh Residential Care Home Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 18 18

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2023 60,000 60,000
At 31 March 2024 60,000 60,000
Accumulated amortisation
At 01 April 2023 60,000 60,000
At 31 March 2024 60,000 60,000
Net book value
At 31 March 2024 0 0
At 31 March 2023 0 0

4. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 April 2023 32,515 165,482 13,805 211,802
Additions 0 16,011 0 16,011
At 31 March 2024 32,515 181,493 13,805 227,813
Accumulated depreciation
At 01 April 2023 30,739 130,009 12,724 173,472
Charge for the financial year 444 7,726 678 8,848
At 31 March 2024 31,183 137,735 13,402 182,320
Net book value
At 31 March 2024 1,332 43,758 403 45,493
At 31 March 2023 1,776 35,473 1,081 38,330

5. Debtors

2024 2023
£ £
Trade debtors 20,930 24,300
Prepayments 9,010 9,014
Corporation tax 0 360
Other debtors 2,851 0
32,791 33,674

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 7,723 5,640
Amounts owed to directors 190,343 174,924
Accruals 3,150 3,150
Taxation and social security 51,095 6,572
Other creditors 1,000 1,000
253,311 191,286

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100