Registered number
05673862
Beech Tree Care Home Limited
Unaudited Filleted Accounts
31 January 2024
Beech Tree Care Home Limited
Registered number: 05673862
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 640,267 641,159
Current assets
Debtors 4 1,162 2,768
Creditors: amounts falling due within one year 5 (329,785) (216,417)
Net current liabilities (328,623) (213,649)
Total assets less current liabilities 311,644 427,510
Creditors: amounts falling due after more than one year 6 (170,185) (202,850)
Net assets 141,459 224,660
Capital and reserves
Called up share capital 120 120
Profit and loss account 141,339 224,540
Shareholders' funds 141,459 224,660
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S.G.Simmonds
Director
Approved by the board on 28 October 2024
Beech Tree Care Home Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 0%
Plant and machinery 25% on written down value
Motor vehicle 25% on written down value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 637,590 32,192 16,046 685,828
At 31 January 2024 637,590 32,192 16,046 685,828
Depreciation
At 1 February 2023 - 31,669 13,000 44,669
Charge for the year - 130 762 892
At 31 January 2024 - 31,799 13,762 45,561
Net book value
At 31 January 2024 637,590 393 2,284 640,267
At 31 January 2023 637,590 523 3,046 641,159
4 Debtors 2024 2023
£ £
Trade debtors - 219
Other debtors 1,162 2,549
1,162 2,768
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 146,347 79,728
Trade creditors 3,234 -
Taxation and social security costs 47,859 32,630
Other creditors 132,345 104,059
329,785 216,417
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 170,185 202,850
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 47,358 67,857
Secured bank loans 186,829 214,723
The bak loan is secured by a debenture, by way of a fixed and floating charge on all the company's assets including the freehold property.
8 Controlling party
The controlling parties are Dr. N.J.Carter and T.P.Carter by virtue of their ownership of 90% of the issued Ordinary share capital of the company.
9 Other information
Beech Tree Care Home Limited is a private company limited by shares and incorporated in England. Its registered office is:
Stirling House, Sunderland Quay,
Culpeper Close,
Rochester,
Kent,
ME2 4HN.
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