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No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
03264640
2023-04-01
2024-03-31
03264640
2024-03-31
03264640
2023-03-31
03264640
2022-04-01
2023-03-31
03264640
2023-03-31
03264640
2022-03-31
03264640
core:FurnitureFittings
2023-04-01
2024-03-31
03264640
core:MotorVehicles
2023-04-01
2024-03-31
03264640
bus:OrdinaryShareClass1
2023-04-01
2024-03-31
03264640
bus:Director5
2023-04-01
2024-03-31
03264640
core:WithinOneYear
2024-03-31
03264640
core:WithinOneYear
2023-03-31
03264640
core:ShareCapital
2024-03-31
03264640
core:ShareCapital
2023-03-31
03264640
core:RetainedEarningsAccumulatedLosses
2024-03-31
03264640
core:RetainedEarningsAccumulatedLosses
2023-03-31
03264640
core:BetweenOneFiveYears
2024-03-31
03264640
core:BetweenOneFiveYears
2023-03-31
03264640
bus:SmallEntities
2023-04-01
2024-03-31
03264640
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
03264640
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
03264640
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
03264640
bus:AbridgedAccounts
2023-04-01
2024-03-31
03264640
bus:OrdinaryShareClass1
2024-03-31
03264640
bus:OrdinaryShareClass1
2023-03-31
03264640
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-04-01
2024-03-31
03264640
core:FurnitureFittingsToolsEquipment
2023-04-01
2024-03-31
COMPANY REGISTRATION NUMBER:
03264640
Howson Care Centre Limited |
|
Filleted Unaudited Abridged Financial Statements |
|
Howson Care Centre Limited |
|
Abridged Financial Statements |
|
Year Ended 31 March 2024
Abridged statement of financial position |
1 to 2 |
|
|
Notes to the abridged financial statements |
3 to 6 |
|
|
Howson Care Centre Limited |
|
Abridged Statement of Financial Position |
|
31 March 2024
Fixed Assets
Tangible assets |
5 |
|
1,103,100 |
1,174,423 |
|
|
|
|
|
Current Assets
Stocks |
3,700 |
|
3,240 |
Debtors |
50,538 |
|
142,302 |
Cash at bank and in hand |
1,246,127 |
|
745,136 |
|
------------ |
|
--------- |
|
1,300,365 |
|
890,678 |
|
|
|
|
Creditors: amounts falling due within one year |
339,776 |
|
329,083 |
|
------------ |
|
--------- |
Net Current Assets |
|
960,589 |
561,595 |
|
|
------------ |
------------ |
Total Assets Less Current Liabilities |
|
2,063,689 |
1,736,018 |
|
|
|
|
Provisions
Taxation including deferred tax |
|
15,641 |
13,017 |
|
|
------------ |
------------ |
Net Assets |
|
2,048,048 |
1,723,001 |
|
|
------------ |
------------ |
|
|
|
|
Capital and Reserves
Called up share capital |
7 |
|
160,000 |
160,000 |
Profit and loss account |
|
1,888,048 |
1,563,001 |
|
|
------------ |
------------ |
Shareholders Funds |
|
2,048,048 |
1,723,001 |
|
|
------------ |
------------ |
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Howson Care Centre Limited |
|
Abridged Statement of Financial Position (continued) |
|
31 March 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
6 November 2024
, and are signed on behalf of the board by:
Company registration number:
03264640
Howson Care Centre Limited |
|
Notes to the Abridged Financial Statements |
|
Year Ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Farrington Place, Northwood, Middlesex, HA6 3SW. The company's place of business is Howson Care Centre, Marton Road, Willingham By Stow, Gainsborough, Lincolnshire, DN21 5JU.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents residents fees earned during the period.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Freehold property |
- |
2.5% Straight line |
|
Fixtures and fittings |
- |
20% reducing balance |
|
Motor vehicles |
- |
25% reducing balance |
|
Equipment |
- |
3% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
80
(2023:
79
).
5.
Tangible assets
|
£ |
Cost |
|
At 1 April 2023 |
3,155,231 |
Additions |
13,233 |
|
------------ |
At 31 March 2024 |
3,168,464 |
|
------------ |
Depreciation |
|
At 1 April 2023 |
1,980,808 |
Charge for the year |
84,556 |
|
------------ |
At 31 March 2024 |
2,065,364 |
|
------------ |
Carrying amount |
|
At 31 March 2024 |
1,103,100 |
|
------------ |
At 31 March 2023 |
1,174,423 |
|
------------ |
|
|
6.
Security
The company has a fixed and a floating charge over all property and assets.
There is an inter-company guarantee with
Howson Care Centre Limited
and Villecourt Limited.
A bank loan in the parent company Villecourt Limited is secured via a debenture and legal charge on the assets and property of Howson Care Centre Limited. At the balance sheet date, the bank loan balance was £1,769,968.
7.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
160,000 |
160,000 |
160,000 |
160,000 |
|
--------- |
--------- |
--------- |
--------- |
|
|
|
|
|
8.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2024 |
2023 |
|
£ |
£ |
Not later than 1 year |
6,902 |
6,902 |
Later than 1 year and not later than 5 years |
8,627 |
15,529 |
|
-------- |
-------- |
|
15,529 |
22,431 |
|
-------- |
-------- |
|
|
|
9.
Related party transactions
The company has taken advantage of exemption conferred by FRS102 S33. 1A, removing the requirement to disclose transactions between group companies.
10.
Controlling party
Howson Care Centre Limited
is a 100% subsidiary of Villecourt Limited,
a company incorporated in England and Wales.