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REGISTERED NUMBER: 09114226 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CONEWOOD MANOR CARE LIMITED

CONEWOOD MANOR CARE LIMITED (REGISTERED NUMBER: 09114226)






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


CONEWOOD MANOR CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M V Santhiapillai





SECRETARY: Ms K Wordley





REGISTERED OFFICE: Leegate House, 1st Floor
Burnt Ash Road
London
SE12 8RG





REGISTERED NUMBER: 09114226 (England and Wales)





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

CONEWOOD MANOR CARE LIMITED (REGISTERED NUMBER: 09114226)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,600 85,828
Tangible assets 5 12,091,787 3,067,054
12,130,387 3,152,882

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 249,833 75,960
Cash at bank and in hand 131,811 133,987
384,144 212,447
CREDITORS
Amounts falling due within one year 7 2,415,636 2,102,942
NET CURRENT LIABILITIES (2,031,492 ) (1,890,495 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,098,895

1,262,387

PROVISIONS FOR LIABILITIES 22,946 7,294
NET ASSETS 10,075,949 1,255,093

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 8,984,691 -
Retained earnings 1,091,158 1,254,993
10,075,949 1,255,093

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


CONEWOOD MANOR CARE LIMITED (REGISTERED NUMBER: 09114226)

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

1. STATUTORY INFORMATION

Conewood Manor Care Limited 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 2014, is being amortised evenly over its estimated useful life of ten 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
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

CONEWOOD MANOR CARE LIMITED (REGISTERED NUMBER: 09114226)

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 46 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 386,000
AMORTISATION
At 1 April 2023 300,172
Charge for year 47,228
At 31 March 2024 347,400
NET BOOK VALUE
At 31 March 2024 38,600
At 31 March 2023 85,828

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 3,084,286 610,757 13,444 3,708,487
Additions - 83,711 - 83,711
Revaluations 8,984,691 - - 8,984,691
At 31 March 2024 12,068,977 694,468 13,444 12,776,889
DEPRECIATION
At 1 April 2023 55,626 573,738 12,069 641,433
Charge for year 13,351 29,757 561 43,669
At 31 March 2024 68,977 603,495 12,630 685,102
NET BOOK VALUE
At 31 March 2024 12,000,000 90,973 814 12,091,787
At 31 March 2023 3,028,660 37,019 1,375 3,067,054

CONEWOOD MANOR CARE LIMITED (REGISTERED NUMBER: 09114226)

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 Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2024 8,984,691 - - 8,984,691
Cost 3,084,286 694,468 13,444 3,792,198
12,068,977 694,468 13,444 12,776,889

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

2024 2023
£    £   
Cost 3,084,286 -
Aggregate depreciation (68,977 ) -

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 230,044 70,190
Other debtors 19,789 5,770
249,833 75,960

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 60,340 20,019
Amounts owed to group undertakings 1,828,465 1,712,454
Taxation and social security 448,591 304,485
Other creditors 78,240 65,984
2,415,636 2,102,942

8. RESERVES
Revaluation
reserve
£   
Arising in the year 8,984,691

At 31 March 2024 8,984,691

CONEWOOD MANOR CARE LIMITED (REGISTERED NUMBER: 09114226)

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

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.