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Company Registration No. NI679334 (Northern Ireland)
Rose Lodge Care Home (lisburn) Limited Unaudited accounts for the year ended 31 October 2023
Rose Lodge Care Home (lisburn) Limited Unaudited accounts Contents
Page
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Rose Lodge Care Home (lisburn) Limited Company Information for the year ended 31 October 2023
Director
Mr Kevin McKinney
Company Number
NI679334 (Northern Ireland)
Registered Office
23 Upper Lisburn Road Belfast BT10 0GW
Accountants
JMW 74 Ballantine Gardens Lisburn Co. Down BT27 5FB
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Rose Lodge Care Home (lisburn) Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
104,000 
117,000 
Tangible assets
1,671,218 
1,690,241 
1,775,218 
1,807,241 
Current assets
Inventories
10,132 
10,132 
Debtors
73,100 
73,154 
Cash at bank and in hand
1,547 
11,843 
84,779 
95,129 
Creditors: amounts falling due within one year
(654,422)
(710,833)
Net current liabilities
(569,643)
(615,704)
Total assets less current liabilities
1,205,575 
1,191,537 
Creditors: amounts falling due after more than one year
(917,880)
(1,024,678)
Provisions for liabilities
Deferred tax
(12,917)
- 
Net assets
274,778 
166,859 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
274,678 
166,759 
Shareholders' funds
274,778 
166,859 
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Mr Kevin McKinney Director Company Registration No. NI679334
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Rose Lodge Care Home (lisburn) Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Rose Lodge Care Home (lisburn) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI679334. The registered office is 23 Upper Lisburn Road, Belfast, BT10 0GW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
33.33% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Rose Lodge Care Home (lisburn) Limited Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
130,000 
At 31 October 2023
130,000 
Amortisation
At 1 November 2022
13,000 
Charge for the year
13,000 
At 31 October 2023
26,000 
Net book value
At 31 October 2023
104,000 
At 31 October 2022
117,000 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
1,542,052 
48,611 
128,175 
3,659 
1,722,497 
Additions
- 
- 
356 
16,345 
16,701 
At 31 October 2023
1,542,052 
48,611 
128,531 
20,004 
1,739,198 
Depreciation
At 1 November 2022
- 
7,002 
24,860 
394 
32,256 
Charge for the year
- 
8,322 
20,734 
6,668 
35,724 
At 31 October 2023
- 
15,324 
45,594 
7,062 
67,980 
Net book value
At 31 October 2023
1,542,052 
33,287 
82,937 
12,942 
1,671,218 
At 31 October 2022
1,542,052 
41,609 
103,315 
3,265 
1,690,241 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,051 
33,061 
Accrued income and prepayments
32,049 
34,301 
Other debtors
19,000 
5,792 
73,100 
73,154 
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Rose Lodge Care Home (lisburn) Limited Notes to the Accounts for the year ended 31 October 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
106,563 
104,788 
Trade creditors
79,781 
81,099 
Amounts owed to group undertakings and other participating interests
111,581 
276,225 
Taxes and social security
300,098 
157,179 
Accruals
56,399 
91,542 
654,422 
710,833 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
917,880 
1,024,678 
9
Average number of employees
During the year the average number of employees was 47 (2022: 52).
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