OPEN DOOR CARE C.I.C

Company limited by guarantee

Company Registration Number:
06158642 (England and Wales)

Unaudited statutory accounts for the year ended 30 March 2024

Period of accounts

Start date: 1 April 2023

End date: 30 March 2024

OPEN DOOR CARE C.I.C

Contents of the Financial Statements

for the Period Ended 30 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

OPEN DOOR CARE C.I.C

Directors' report period ended 30 March 2024

The directors present their report with the financial statements of the company for the period ended 30 March 2024

Principal activities of the company

The principal activity of the company continued to be that of activities that benefit the community, and in particular, own building assets ensuring that they are available for the benefit of the identified community of interest.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 30 March 2024

J Wadsworth-Ellis
Simon Beeton
Angela Smith
Lisa Revell


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 October 2024

And signed on behalf of the board by:
Name: Simon Beeton
Status: Director

OPEN DOOR CARE C.I.C

Profit And Loss Account

for the Period Ended 30 March 2024

2024 2023


£

£
Turnover: 50,013 50,013
Cost of sales: 0 0
Gross profit(or loss): 50,013 50,013
Distribution costs: 0 0
Administrative expenses: ( 44,823 ) ( 44,468 )
Other operating income: 0 0
Operating profit(or loss): 5,190 5,545
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 ( 1 )
Profit(or loss) before tax: 5,190 5,544
Tax: ( 986 ) ( 1,053 )
Profit(or loss) for the financial year: 4,204 4,491

OPEN DOOR CARE C.I.C

Balance sheet

As at 30 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,686,230 1,729,243
Investments:   0 0
Total fixed assets: 1,686,230 1,729,243
Current assets
Stocks:   0 0
Debtors: 4 0 2,100
Cash at bank and in hand: 37,871 31,114
Investments:   0 0
Total current assets: 37,871 33,214
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 3,046 ) ( 2,593 )
Net current assets (liabilities): 34,825 30,621
Total assets less current liabilities: 1,721,055 1,759,864
Creditors: amounts falling due after more than one year: 6 ( 1,707,558 ) ( 1,750,571 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 13,497 9,293
Members' funds
Profit and loss account: 13,497 9,293
Total members' funds: 13,497 9,293

The notes form part of these financial statements

OPEN DOOR CARE C.I.C

Balance sheet statements

For the year ending 30 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 October 2024
and signed on behalf of the board by:

Name: Simon Beeton
Status: Director

The notes form part of these financial statements

OPEN DOOR CARE C.I.C

Notes to the Financial Statements

for the Period Ended 30 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Income is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Land and buildings freehold 50 years straight line Fixtures, fittings & equipment 3-5 years straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

    Valuation information and policy

    determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

    Other accounting policies

    Accounting policies Company information Open Door Care C.I.C is a private company limited by guarantee incorporated in England and Wales. The registered office is Westgate Park, Charlton Street, Grimsby, England, DN31 1SQ. 1.1 Accounting convention These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below. Expenditure is recognised when it falls due and inclusive of irrecoverable VAT. Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. 1.7 Leases Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term. Government grants Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. Grants in respect of capital expenditure are released to the profit and loss account in line with the depreciation policy on the relevant assets.

OPEN DOOR CARE C.I.C

Notes to the Financial Statements

for the Period Ended 30 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

OPEN DOOR CARE C.I.C

Notes to the Financial Statements

for the Period Ended 30 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 2,150,663 33,010 0 0 0 2,183,673
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 March 2024 2,150,663 33,010 0 0 0 2,183,673
Depreciation
At 1 April 2023 421,420 33,010 0 0 0 454,430
Charge for year 43,013 0 0 0 0 43,013
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 March 2024 464,433 33,010 0 0 0 497,443
Net book value
At 30 March 2024 1,686,230 0 0 0 0 1,686,230
At 31 March 2023 1,729,243 0 0 0 0 1,729,243

OPEN DOOR CARE C.I.C

Notes to the Financial Statements

for the Period Ended 30 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 2,100
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 2,100
Debtors due after more than one year: 0 0

OPEN DOOR CARE C.I.C

Notes to the Financial Statements

for the Period Ended 30 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 15
Taxation and social security 1,336 1,053
Accruals and deferred income 0 0
Other creditors 1,710 1,525
Total 3,046 2,593

OPEN DOOR CARE C.I.C

Notes to the Financial Statements

for the Period Ended 30 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 1,707,558 1,750,571
Total 1,707,558 1,750,571

COMMUNITY INTEREST ANNUAL REPORT

OPEN DOOR CARE C.I.C

Company Number: 06158642 (England and Wales)

Year Ending: 30 March 2024

Company activities and impact

The principal activity of the company continued to be that of activities that benefit the community, and in particular, own building assets ensuring that they are available for the benefit of the identified community of interest. The building is still occupied by Care Plus Group Primary Care Ltd (previously known as Open Door Health) who provide Health & Social Care Services to the local community, North East Lincolnshire, also providing information, advice and guidance.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 October 2024

And signed on behalf of the board by:
Name: Angela Smith
Status: Director