IRIS Accounts Production v24.1.0.578 04715369 Board of Directors 1.4.23 31.3.24 31.3.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047153692023-03-31047153692024-03-31047153692023-04-012024-03-31047153692022-03-31047153692022-04-012023-03-31047153692023-03-3104715369ns15:EnglandWales2023-04-012024-03-3104715369ns14:PoundSterling2023-04-012024-03-3104715369ns10:Director12023-04-012024-03-3104715369ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104715369ns10:SmallEntities2023-04-012024-03-3104715369ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104715369ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104715369ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104715369ns10:FullAccounts2023-04-012024-03-3104715369ns10:Director22023-04-012024-03-3104715369ns10:Director32023-04-012024-03-3104715369ns10:RegisteredOffice2023-04-012024-03-3104715369ns5:CurrentFinancialInstruments2024-03-3104715369ns5:CurrentFinancialInstruments2023-03-3104715369ns5:Non-currentFinancialInstruments2024-03-3104715369ns5:Non-currentFinancialInstruments2023-03-3104715369ns5:ShareCapital2024-03-3104715369ns5:ShareCapital2023-03-3104715369ns5:RetainedEarningsAccumulatedLosses2024-03-3104715369ns5:RetainedEarningsAccumulatedLosses2023-03-3104715369ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3104715369ns5:LeaseholdImprovements2023-04-012024-03-3104715369ns5:PlantMachinery2023-04-012024-03-3104715369ns5:FurnitureFittings2023-04-012024-03-3104715369ns5:MotorVehicles2023-04-012024-03-3104715369ns5:ComputerEquipment2023-04-012024-03-3104715369ns5:LandBuildings2023-03-3104715369ns5:LeaseholdImprovements2023-03-3104715369ns5:PlantMachinery2023-03-3104715369ns5:LandBuildings2023-04-012024-03-3104715369ns5:LandBuildings2024-03-3104715369ns5:LeaseholdImprovements2024-03-3104715369ns5:PlantMachinery2024-03-3104715369ns5:LandBuildings2023-03-3104715369ns5:LeaseholdImprovements2023-03-3104715369ns5:PlantMachinery2023-03-3104715369ns5:FurnitureFittings2023-03-3104715369ns5:MotorVehicles2023-03-3104715369ns5:ComputerEquipment2023-03-3104715369ns5:FurnitureFittings2024-03-3104715369ns5:MotorVehicles2024-03-3104715369ns5:ComputerEquipment2024-03-3104715369ns5:FurnitureFittings2023-03-3104715369ns5:MotorVehicles2023-03-3104715369ns5:ComputerEquipment2023-03-3104715369ns5:CostValuation2023-03-3104715369ns5:Subsidiary12023-04-012024-03-3104715369ns5:Subsidiary112023-04-012024-03-3104715369ns5:Subsidiary12024-03-3104715369ns5:Subsidiary12023-03-3104715369ns5:Subsidiary12023-03-3104715369ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104715369ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104715369ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104715369ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104715369ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3104715369ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3104715369ns5:HirePurchaseContracts2024-03-3104715369ns5:HirePurchaseContracts2023-03-3104715369ns5:WithinOneYear2024-03-3104715369ns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 04715369 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CARTREF HOMES UK LIMITED

CARTREF HOMES UK LIMITED (REGISTERED NUMBER: 04715369)






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


CARTREF HOMES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: B J Tyler
C B Brennan
D Tyler



REGISTERED OFFICE: 22 London Road
Sittingbourne
Kent
ME10 1NA



REGISTERED NUMBER: 04715369 (England and Wales)



ACCOUNTANTS: Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH



BANKERS: Lloyds TSB Bank PLC
123-125 High Street
Sittingbourne
Kent
ME10 4BD

CARTREF HOMES UK LIMITED (REGISTERED NUMBER: 04715369)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,106,946 1,007,747
Investments 5 1,000 1,000
1,107,946 1,008,747

CURRENT ASSETS
Debtors 6 886,011 768,885
Cash at bank and in hand 139,690 445,334
1,025,701 1,214,219
CREDITORS
Amounts falling due within one year 7 343,851 297,629
NET CURRENT ASSETS 681,850 916,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,789,796

1,925,337

CREDITORS
Amounts falling due after more than one
year

8

(61,716

)

-

PROVISIONS FOR LIABILITIES (5,141 ) (8,900 )
NET ASSETS 1,722,939 1,916,437

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,722,839 1,916,337
SHAREHOLDERS' FUNDS 1,722,939 1,916,437

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.

CARTREF HOMES UK LIMITED (REGISTERED NUMBER: 04715369)

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 14 October 2024 and were signed on its behalf by:





B J Tyler - Director


CARTREF HOMES UK LIMITED (REGISTERED NUMBER: 04715369)

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

1. STATUTORY INFORMATION

Cartref Homes UK 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents fair value of net invoiced sales of services, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Revenue in respect of care home fees are recognised in the period to which they relate.

Grants received as contributions to revenue expenditure are credited to income in the period in which the related expenditure is incurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 1% on cost
Improvements to property - 2% 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

Leasehold improvements - over remaining life of the lease

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted if appropriate or if there is an indication of a significant change since the last reporting date.

Grants
Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met, and the grants will be received.

Grants relating to turnover are recognised income over the periods when related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred, it is recognised as deferred income rather than being deducted from the asset's carrying amount.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

CARTREF HOMES UK LIMITED (REGISTERED NUMBER: 04715369)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Borrowing costs are not capitalised.

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.

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
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.

Provisions for liabilities - short-term compensated absences
The company reviews and where appropriate recognises a provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 140 (2023 - 108 ) .

CARTREF HOMES UK LIMITED (REGISTERED NUMBER: 04715369)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 895,000 48,878 12,848
Additions - 42,532 -
Disposals - - -
At 31 March 2024 895,000 91,410 12,848
DEPRECIATION
At 1 April 2023 8,950 2,300 12,529
Charge for year 8,950 1,642 80
Eliminated on disposal - - -
At 31 March 2024 17,900 3,942 12,609
NET BOOK VALUE
At 31 March 2024 877,100 87,468 239
At 31 March 2023 886,050 46,578 319

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 123,191 82,179 35,064 1,197,160
Additions 3,859 100,923 21,599 168,913
Disposals (3,307 ) (61,079 ) (2,270 ) (66,656 )
At 31 March 2024 123,743 122,023 54,393 1,299,417
DEPRECIATION
At 1 April 2023 91,417 55,827 18,390 189,413
Charge for year 7,971 28,280 5,892 52,815
Eliminated on disposal (1,166 ) (46,925 ) (1,666 ) (49,757 )
At 31 March 2024 98,222 37,182 22,616 192,471
NET BOOK VALUE
At 31 March 2024 25,521 84,841 31,777 1,106,946
At 31 March 2023 31,774 26,352 16,674 1,007,747

Included in cost of land and buildings is freehold land of £ 349,915 (2023 - £ 349,915 ) which is not depreciated.

CARTREF HOMES UK LIMITED (REGISTERED NUMBER: 04715369)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1,000
NET BOOK VALUE
At 31 March 2024 1,000
At 31 March 2023 1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Whiteleaf Equestrian & Agricultural Centres Community Interest Company
Registered office: 12 Conqueror Court, Sittingbourne, Kent, ME10 5BH
Nature of business: Farm and stables
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves (472,600 ) (413,172 )

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 204,122 214,769
Other debtors 177,908 102,988
382,030 317,757

Amounts falling due after more than one year:
Amounts owed by group undertakings 503,981 451,128

Aggregate amounts 886,011 768,885

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 6,634 -
Trade creditors 24,732 35,221
Taxation and social security 94,683 120,371
Other creditors 217,802 142,037
343,851 297,629

CARTREF HOMES UK LIMITED (REGISTERED NUMBER: 04715369)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 61,716 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,634 -
Between one and five years 61,716 -
68,350 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 18,088