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REGISTERED NUMBER: 04683188 (England and Wales)















COUNTY CARE HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






COUNTY CARE HOMES LIMITED (REGISTERED NUMBER: 04683188)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


COUNTY CARE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G J Nixon Moss
Mrs E M Nixon Moss





SECRETARY: Mrs E M Nixon Moss





REGISTERED OFFICE: Oak House
Morris Green
Sible Hedingham
Essex
CO9 3LU





REGISTERED NUMBER: 04683188 (England and Wales)

COUNTY CARE HOMES LIMITED (REGISTERED NUMBER: 04683188)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 10,500
Tangible assets 5 4,603,781 4,612,653
4,603,781 4,623,153

CURRENT ASSETS
Debtors 6 69,829 142,204
Cash at bank and in hand 76,382 320,431
146,211 462,635
CREDITORS
Amounts falling due within one year 7 (457,146 ) (485,430 )
NET CURRENT LIABILITIES (310,935 ) (22,795 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,292,846 4,600,358

CREDITORS
Amounts falling due after more than one
year

8

(1,573,789

)

(1,715,742

)
NET ASSETS 2,719,057 2,884,616

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Revaluation reserve 910,643 910,643
Retained earnings 1,802,414 1,967,973
SHAREHOLDERS' FUNDS 2,719,057 2,884,616

COUNTY CARE HOMES LIMITED (REGISTERED NUMBER: 04683188)

BALANCE SHEET - continued
31 MARCH 2024


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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





Mr G J Nixon Moss - Director


COUNTY CARE HOMES LIMITED (REGISTERED NUMBER: 04683188)

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


1. STATUTORY INFORMATION

County Care Homes 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.

For the purposes of presentation the financial statements have been rounded to the nearest Pound Sterling (£).

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 recognised at the value of the monies received or receivable, excluding discounts, rebates and value added tax for services provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, has been amortised evenly over its estimated useful economic life of ten years from 1 April 2014.

Tangible fixed assets
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Computer equipment - 33% straight line
Plant & machinery - 25% reducing balance
Office equipment - 20% reducing balance
Assets under construction are included at cost

Revaluation of freehold property

The company took advantage of paragraph 35.10(c) of Chapter 35 of FRS 102 to restate its freehold property to fair value as deemed cost upon transition to FRS 102 on 1 January 2014. The property is held at deemed cost, being the fair value at the date of transition, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The care home is not depreciated because any charge would be immaterial based upon the high residual value of the buildings.

Repairs and maintenance of the core buildings and the replacement and renewals of the trade fixtures and fittings are charged to income statement during the period in which they are incurred.


COUNTY CARE HOMES LIMITED (REGISTERED NUMBER: 04683188)

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


2. ACCOUNTING POLICIES - continued
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 the income statement in the period to which they relate.

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 105,000
AMORTISATION
At 1 April 2023 94,500
Charge for year 10,500
At 31 March 2024 105,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 10,500

COUNTY CARE HOMES LIMITED (REGISTERED NUMBER: 04683188)

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


5. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 4,589,517 115,120 4,704,637
DEPRECIATION
At 1 April 2023 - 91,984 91,984
Charge for year - 8,872 8,872
At 31 March 2024 - 100,856 100,856
NET BOOK VALUE
At 31 March 2024 4,589,517 14,264 4,603,781
At 31 March 2023 4,589,517 23,136 4,612,653

Freehold property was valued on a market value basis on 6 August 2013 by Colliers International and this valuation was previously adopted in these accounts. The Directors as at 31 March 2023 considered the value of the property to be £4,500,000, additions of £89,517 have been added at cost. If freehold property had not been revalued it would have been included at its historical cost of £3,678,874 (2023: £3,678,874).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,645 9,361
Directors' current accounts - 70,056
Deferred tax asset 32,545 51,657
Prepayments and accrued income 7,639 11,130
69,829 142,204

COUNTY CARE HOMES LIMITED (REGISTERED NUMBER: 04683188)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 89,374 89,374
Other loans 52,579 105,159
Payments on account 77,774 76,246
Trade creditors 55,182 47,536
Other taxes and social security costs 43,988 20,471
Other creditors 55,669 87,280
Directors' current accounts 206 -
Accruals and deferred income 82,374 59,364
457,146 485,430

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 89,374 89,374
Bank loans 1,484,415 1,573,789
Other loans - 1-2 years - 52,579
1,573,789 1,715,742

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,663,163 1,752,537

The company's bank borrowings are secured by a legal charge dated 27 November 2013 over its freehold property and an unlimited debenture incorporating a fixed and floating charge over the other assets.

10. TRANSACTIONS WITH THE DIRECTORS

During the year the directors introduced funds to the company of £71,885 and were awarded dividends of £288,000, they withdrew amounts of £285,831. At the year end a balance of £206 was due to the directors (2023: £70,057 was due from the directors).

Interest of £3,791 was charged during the year.

COUNTY CARE HOMES LIMITED (REGISTERED NUMBER: 04683188)

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


11. RELATED PARTY DISCLOSURES

The company does not have a parent undertaking. During the year the company was jointly controlled by Mr G J Nixon-Moss and Mrs E M Nixon-Moss who are both directors and shareholders.

During the year remuneration of £55,786 (2023: £29,531) was paid to family members of Mr G J Nixon-Moss and Mrs E M Nixon-Moss.