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REGISTERED NUMBER: 14661292 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024

FOR

TRISTONE HEALTHCARE PROPERTIES LIMITED

TRISTONE HEALTHCARE PROPERTIES LIMITED (REGISTERED NUMBER: 14661292)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


TRISTONE HEALTHCARE PROPERTIES LIMITED (REGISTERED NUMBER: 14661292)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,343,145

CURRENT ASSETS
Cash at bank 8,190

CREDITORS
Amounts falling due within one year 5 446,976
NET CURRENT LIABILITIES (438,786 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

904,359

CREDITORS
Amounts falling due after more than one
year

6

931,850
NET LIABILITIES (27,491 )

RESERVES
Retained earnings (27,491 )
(27,491 )

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





P N Ledgard - Director


TRISTONE HEALTHCARE PROPERTIES LIMITED (REGISTERED NUMBER: 14661292)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Tristone Healthcare Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14661292

Registered office: C/O Orega (Management) Limited
Arkwright House
Parsonage Gardens
Manchester
M3 2LF

2. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

TRISTONE HEALTHCARE PROPERTIES LIMITED (REGISTERED NUMBER: 14661292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 1,359,000
At 31 March 2024 1,359,000
DEPRECIATION
Charge for period 15,855
At 31 March 2024 15,855
NET BOOK VALUE
At 31 March 2024 1,343,145

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 438,751
Other creditors 8,225
446,976

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 1,010,000
Other creditors (78,150 )
931,850

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,010,000
Finance costs (78,150 )
931,850

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Copping (Senior Statutory Auditor)
for and on behalf of Harold Sharp Limited

TRISTONE HEALTHCARE PROPERTIES LIMITED (REGISTERED NUMBER: 14661292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024


8. RELATED PARTY DISCLOSURES

At the 31 March 2024, the company owed £89,751 to Tristone Healthcare Limited, its immediate parent company. The company paid £49,263 in management charges to this entity during the year.

At the 31 March 2024, the company owed £160,000 to Seaside Care Homes Limited, a subsidiary entity within the group. The company received £59,500 in rents from this entity during the year.

At the 31 March 2024, the company owed £189,000 to Beyond Limits (Plymouth) Limited, a subsidiary entity within the group. The company received £45,500 in rents from this entity during the year.