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REGISTERED NUMBER: 03201441 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE WOODLANDS CARE HOME LIMITED

THE WOODLANDS CARE HOME LIMITED (REGISTERED NUMBER: 03201441)






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


THE WOODLANDS CARE HOME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTORS: A J Campbell
Ms S A Mckenzie





SECRETARY: A J Campbell





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 03201441 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

THE WOODLANDS CARE HOME LIMITED (REGISTERED NUMBER: 03201441)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,090,515 2,608,176
Investment property 5 2,599,360 2,999,360
5,689,875 5,607,536

CURRENT ASSETS
Debtors 6 51,090 28,945
Cash at bank and in hand 219,763 276,764
270,853 305,709
CREDITORS
Amounts falling due within one year 7 1,706,664 1,830,501
NET CURRENT LIABILITIES (1,435,811 ) (1,524,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,254,064

4,082,744

CREDITORS
Amounts falling due after more than one
year

8

(620,461

)

(454,000

)

PROVISIONS FOR LIABILITIES (100,023 ) (120,273 )
NET ASSETS 3,533,580 3,508,471

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 731,270 849,820
Retained earnings 2,802,210 2,658,551
SHAREHOLDERS' FUNDS 3,533,580 3,508,471

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.

THE WOODLANDS CARE HOME LIMITED (REGISTERED NUMBER: 03201441)

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 17 October 2024 and were signed on its behalf by:





A J Campbell - Director


THE WOODLANDS CARE HOME LIMITED (REGISTERED NUMBER: 03201441)

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

1. STATUTORY INFORMATION

The Woodlands Care Home 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 1% on cost
Improvements to property - 1% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable proftits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

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.


THE WOODLANDS CARE HOME LIMITED (REGISTERED NUMBER: 03201441)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 28 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 April 2023 2,150,000 409,653 50,982
Additions - 459,265 -
Revaluations 40,000 - -
At 31 March 2024 2,190,000 868,918 50,982
DEPRECIATION
At 1 April 2023 12,900 29,423 27,740
Charge for year 13,140 8,689 5,810
At 31 March 2024 26,040 38,112 33,550
NET BOOK VALUE
At 31 March 2024 2,163,960 830,806 17,432
At 31 March 2023 2,137,100 380,230 23,242

THE WOODLANDS CARE HOME LIMITED (REGISTERED NUMBER: 03201441)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 333,449 34,833 1,341 2,980,258
Additions 25,726 - 11,093 496,084
Revaluations - - - 40,000
At 31 March 2024 359,175 34,833 12,434 3,516,342
DEPRECIATION
At 1 April 2023 278,929 22,548 542 372,082
Charge for year 20,062 3,071 2,973 53,745
At 31 March 2024 298,991 25,619 3,515 425,827
NET BOOK VALUE
At 31 March 2024 60,184 9,214 8,919 3,090,515
At 31 March 2023 54,520 12,285 799 2,608,176

Freehold property was valued at £2,190,000 on 28 September 2023 by Savills Plc.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 20,395
DEPRECIATION
At 1 April 2023 8,923
Charge for year 2,868
At 31 March 2024 11,791
NET BOOK VALUE
At 31 March 2024 8,604
At 31 March 2023 11,472

THE WOODLANDS CARE HOME LIMITED (REGISTERED NUMBER: 03201441)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,999,360
Disposals (400,000 )
At 31 March 2024 2,599,360
NET BOOK VALUE
At 31 March 2024 2,599,360
At 31 March 2023 2,999,360

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 120,991
Valuation in 2017 625,303
Valuation in 2022 45,000
Cost 1,808,066
2,599,360

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,808,066 2,029,267

Investment property was valued on an open market basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 18,624 17,874
Other debtors 32,466 11,071
51,090 28,945

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 25 15,607
Hire purchase contracts 3,334 5,000
Trade creditors 72,486 -
Taxation and social security 66,303 93,092
Other creditors 1,564,516 1,716,802
1,706,664 1,830,501

THE WOODLANDS CARE HOME LIMITED (REGISTERED NUMBER: 03201441)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 620,461 450,666
Hire purchase contracts - 3,334
620,461 454,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 450,666

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 620,461 460,162

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 849,820
Fair value movement net of deferred tax
trf'd from retained earnings

(118,550

)


At 31 March 2024 731,270