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Company No: 05613440 (England and Wales)

ROLAND RESIDENTIAL CARE HOMES LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

ROLAND RESIDENTIAL CARE HOMES LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

ROLAND RESIDENTIAL CARE HOMES LTD

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
ROLAND RESIDENTIAL CARE HOMES LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Debtors 5 413,165 228,554
Cash at bank and in hand 6 515 588
413,680 229,142
Creditors: amounts falling due within one year 7 ( 402,784) ( 222,807)
Net current assets 10,896 6,335
Total assets less current liabilities 10,896 6,335
Net assets 10,896 6,335
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 10,796 6,235
Total shareholders' funds 10,896 6,335

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Roland Residential Care Homes Ltd (registered number: 05613440) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Dushmanthe Srikanthe Ranetunge
Director

31 October 2024

ROLAND RESIDENTIAL CARE HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
ROLAND RESIDENTIAL CARE HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Roland Residential Care Homes Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 48 48

3. Dividends on equity shares

2024 2023
£ £
Amounts recognised as distributions to equity holders in the financial year:
Final dividend for the financial year ended 30 April 2024 (year ended 30 April 2023) 720,000 480,000

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 May 2023 357,734 17,428 375,162
At 30 April 2024 357,734 17,428 375,162
Accumulated depreciation
At 01 May 2023 357,734 17,428 375,162
At 30 April 2024 357,734 17,428 375,162
Net book value
At 30 April 2024 0 0 0
At 30 April 2023 0 0 0

Unity Trust Bank PLC holds a fixed and floating charge over the company property.

5. Debtors

2024 2023
£ £
Other debtors 413,165 228,554

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 515 588

7. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 402,784 222,807

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Included in other debtors are amounts due from the Company directors of £392,255 (2023: 228,555). Interest at the rate of 2.25% has been charged. There are no fixed repayment terms. 392,255 228,555