Town and Country Care Home Limited NI637545 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of nursing care Digita Accounts Production Advanced 6.30.9574.0 true false true NI637545 2023-05-01 2024-04-30 NI637545 2024-04-30 NI637545 bus:OrdinaryShareClass1 2024-04-30 NI637545 core:CurrentFinancialInstruments 2024-04-30 NI637545 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 NI637545 core:Goodwill 2024-04-30 NI637545 core:FurnitureFittingsToolsEquipment 2024-04-30 NI637545 core:MotorVehicles 2024-04-30 NI637545 bus:SmallEntities 2023-05-01 2024-04-30 NI637545 bus:Audited 2023-05-01 2024-04-30 NI637545 bus:FilletedAccounts 2023-05-01 2024-04-30 NI637545 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI637545 bus:RegisteredOffice 2023-05-01 2024-04-30 NI637545 bus:Director1 2023-05-01 2024-04-30 NI637545 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 NI637545 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI637545 core:Goodwill 2023-05-01 2024-04-30 NI637545 core:FurnitureFittings 2023-05-01 2024-04-30 NI637545 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI637545 core:MotorVehicles 2023-05-01 2024-04-30 NI637545 1 2023-05-01 2024-04-30 NI637545 countries:NorthernIreland 2023-05-01 2024-04-30 NI637545 2023-04-30 NI637545 core:Goodwill 2023-04-30 NI637545 core:FurnitureFittingsToolsEquipment 2023-04-30 NI637545 core:MotorVehicles 2023-04-30 NI637545 2022-05-01 2023-04-30 NI637545 2023-04-30 NI637545 bus:OrdinaryShareClass1 2023-04-30 NI637545 core:CurrentFinancialInstruments 2023-04-30 NI637545 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 NI637545 core:Goodwill 2023-04-30 NI637545 core:FurnitureFittingsToolsEquipment 2023-04-30 NI637545 core:MotorVehicles 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI637545

Town and Country Care Home Limited

Filleted Financial Statements

for the Year Ended 30 April 2024

 

Town and Country Care Home Limited

(Registration number: NI637545)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

23,833

34,833

Tangible assets

5

142,587

151,934

Investments

6

597,320

4,439,838

 

763,740

4,626,605

Current assets

 

Debtors

7

67,006

73,858

Cash at bank and in hand

 

407,312

374,993

 

474,318

448,851

Creditors: due within one year

8

(282,676)

(347,841)

Net current assets

 

191,642

101,010

Total assets less current liabilities

 

955,382

4,727,615

Provisions for liabilities

(13,500)

(13,898)

Net assets

 

941,882

4,713,717

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

941,782

4,713,617

Shareholders' funds

 

941,882

4,713,717

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2024 and signed on its behalf by:
 

.........................................
Dr Marina Theresa Lupari
Director

 

Town and Country Care Home Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 50a Ahoghill Road, Randalstown, BT41 3DG.

These financial statements were authorised for issue by the Board on 27 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is highly profitable and has a strong balance sheet position. It has remained so following the year end date and continues to generate high levels of cash flow from its operating activities. The director does not have any concern relating to the going concern status and so the accounts have been prepared on that basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 27 August 2024 was Mr Peter Stevenson, who signed for and on behalf of Stevenson and Wilson.

Revenue recognition

Revenue is recognised at the fair value of consideration received or receivable from the rendering of services. Revenue is recognised upon provision of the service at which point the Company has met with the requirements of the contract and earned entitlement to the consideration.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. 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.

 

Town and Country Care Home Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. The carrying value of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.
Depreciation is calculated so as to write off the cost, or valuation of tangible fixed assets less their estimated residual values over the expected useful economic lives of the assets concerned.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance basis

Motor vehicles

15% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight-line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Defined contribution pension obligation

The Company operates a money purchase pension scheme for all staff. Premiums paid are charged in the accounts in the year in which they are paid.

 

Town and Country Care Home Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of full time equivalent staff employed by the company (including directors) during the year, was 87 (2023 - 75).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

110,000

110,000

At 30 April 2024

110,000

110,000

Amortisation

At 1 May 2023

75,167

75,167

Amortisation charge

11,000

11,000

At 30 April 2024

86,167

86,167

Carrying amount

At 30 April 2024

23,833

23,833

At 30 April 2023

34,833

34,833

 

Town and Country Care Home Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

278,132

5,990

284,122

Additions

15,815

-

15,815

At 30 April 2024

293,947

5,990

299,937

Depreciation

At 1 May 2023

128,386

3,802

132,188

Charge for the year

24,834

328

25,162

At 30 April 2024

153,220

4,130

157,350

Carrying amount

At 30 April 2024

140,727

1,860

142,587

At 30 April 2023

149,746

2,188

151,934

6

Investments

2024
£

2023
£

At cost

Investments in subsidiaries

22,778

22,778

Amounts due from group undertakings

574,542

4,417,060

597,320

4,439,838

The Company holds 100% of the equity share capital of Adarra Developments Limited. Adarra Developments Limited is incorporated in Northern Ireland and has a year-end coterminous with that of its parent. It owns two residential homes from which Town and Country Care Home Limited conduct their trading activities.

7

Debtors

2024
£

2023
£

Trade debtors

57,204

65,981

Prepayments

9,802

7,877

67,006

73,858

 

Town and Country Care Home Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

8

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

25,628

16,450

Taxation and social security

179,979

275,121

Accruals and deferred income

31,380

20,800

Other creditors

45,689

35,470

282,676

347,841

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

10

Parent and ultimate parent undertaking

The company's immediate parent is Lupari & Sons Limited, incorporated in Northern Ireland.

 The most senior parent entity producing publicly available financial statements is Lupari & Sons Limited. These financial statements are available upon request from 50a Ahoghill Road, Randalstown, Antrim, Northern Ireland, BT41 3DG

 The ultimate controlling party is Dr Marina Lupari.