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REGISTERED NUMBER: 09736488 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROSE HOUSE CARE HOME LTD

ROSE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09736488)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROSE HOUSE CARE HOME LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M V Santhiapillai





REGISTERED OFFICE: Lee Gate House 1st Floor
Burnt Ash Road
London
SE12 8RG





REGISTERED NUMBER: 09736488 (England and Wales)





AUDITORS: Edwards Chartered Accountants
Statutory Auditor
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

ROSE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09736488)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,014,727 1,106,301
2,014,727 1,106,301

CURRENT ASSETS
Debtors 6 58,483 6,002
Cash at bank and in hand 229,754 180,213
288,237 186,215
CREDITORS
Amounts falling due within one year 7 192,422 263,636
NET CURRENT ASSETS/(LIABILITIES) 95,815 (77,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,110,542

1,028,880

PROVISIONS FOR LIABILITIES 6,181 131,990
NET ASSETS 2,104,361 896,890

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 1,616,942 695,440
Retained earnings 487,418 201,449
2,104,361 896,890

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 director and authorised for issue on 27 September 2024 and were signed by:





M V Santhiapillai - Director


ROSE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09736488)

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

1. STATUTORY INFORMATION

Rose House Care Home Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of two 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.
Freehold property - 2% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ROSE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09736488)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 1,177,431 91,121 1,581 1,347 1,271,480
Additions 13,560 7,039 - - 20,599
Revaluations 921,502 - - - 921,502
At 31 March 2024 2,112,493 98,160 1,581 1,347 2,213,581
DEPRECIATION
At 1 April 2023 98,811 63,572 1,581 1,215 165,179
Charge for year 23,682 9,934 - 59 33,675
At 31 March 2024 122,493 73,506 1,581 1,274 198,854
NET BOOK VALUE
At 31 March 2024 1,990,000 24,654 - 73 2,014,727
At 31 March 2023 1,078,620 27,549 - 132 1,106,301

ROSE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09736488)

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

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2017 145,250 - - - 145,250
Valuation in 2022 550,190 - - - 550,190
Valuation in 2024 921,502 - - - 921,502
Cost 495,551 98,160 1,581 1,347 596,639
2,112,493 98,160 1,581 1,347 2,213,581

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 495,551 481,991
Aggregate depreciation (80,150 ) (70,377 )

Freehold land and buildings were valued on an open market basis on 31 March 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,307 3,752
Amounts owed by group undertakings 32,113 -
Other debtors 3,063 2,250
58,483 6,002

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,290 10,714
Amounts owed to group undertakings - 137,144
Taxation and social security 92,866 52,608
Other creditors 89,266 63,170
192,422 263,636

ROSE HOUSE CARE HOME LTD (REGISTERED NUMBER: 09736488)

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

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023 695,440
Arising in the year 921,502

At 31 March 2024 1,616,942

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

The Report of the Auditors was unqualified.

John Duggan (Senior Statutory Auditor)
for and on behalf of Edwards Chartered Accountants

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M V Santhiapillai.