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REGISTERED NUMBER: 06509818 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CROWLEY CARE HOMES LIMITED

CROWLEY CARE HOMES LIMITED (REGISTERED NUMBER: 06509818)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROWLEY CARE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr C G Crowley
Mrs K F Crowley





REGISTERED OFFICE: 30 Lansdowne Road
Luton
Bedfordshire
LU3 1EE





REGISTERED NUMBER: 06509818 (England and Wales)





ACCOUNTANTS: Stoten Gillam Limited
Chartered Accountants
Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF

CROWLEY CARE HOMES LIMITED (REGISTERED NUMBER: 06509818)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 40,000 50,000
Tangible assets 4 1,155,161 1,157,066
1,195,161 1,207,066

CURRENT ASSETS
Debtors 5 65,250 67,131
Cash in hand 1,066 2,242
66,316 69,373
CREDITORS
Amounts falling due within one year 6 395,148 374,915
NET CURRENT LIABILITIES (328,832 ) (305,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

866,329

901,524

CREDITORS
Amounts falling due after more than one
year

7

(340,344

)

(401,512

)

PROVISIONS FOR LIABILITIES (5,639 ) (5,941 )
NET ASSETS 520,346 494,071

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 520,345 494,070
SHAREHOLDERS' FUNDS 520,346 494,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

CROWLEY CARE HOMES LIMITED (REGISTERED NUMBER: 06509818)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





Mr C G Crowley - Director


CROWLEY CARE HOMES LIMITED (REGISTERED NUMBER: 06509818)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents invoiced sales of goods and services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance

In the opinion of the Directors the land and buildings are expected to have a long useful economic life and the residual value is expected to be high, as the buildings are maintained to a high standard. No depreciation is charged as any such charge required would be immaterial.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CROWLEY CARE HOMES LIMITED (REGISTERED NUMBER: 06509818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 28 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 200,000
AMORTISATION
At 1 April 2023 150,000
Charge for year 10,000
At 31 March 2024 160,000
NET BOOK VALUE
At 31 March 2024 40,000
At 31 March 2023 50,000

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,125,139 115,732 1,240,871
Additions - 3,405 3,405
At 31 March 2024 1,125,139 119,137 1,244,276
DEPRECIATION
At 1 April 2023 - 83,805 83,805
Charge for year - 5,310 5,310
At 31 March 2024 - 89,115 89,115
NET BOOK VALUE
At 31 March 2024 1,125,139 30,022 1,155,161
At 31 March 2023 1,125,139 31,927 1,157,066

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,250 58,937
Other debtors - 8,194
65,250 67,131

CROWLEY CARE HOMES LIMITED (REGISTERED NUMBER: 06509818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 92,079 118,161
Trade creditors - 21,399
Taxation and social security 251,208 180,704
Other creditors 51,861 54,651
395,148 374,915

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 340,344 401,512

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 402,466 484,779

The bank loan is secured by a fixed and floating charge over all property and assets of the Company.