Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01No description of principal activityfalse2324truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC380760 2023-04-01 2024-03-31 OC380760 2022-04-01 2023-03-31 OC380760 2024-03-31 OC380760 2023-03-31 OC380760 c:Buildings 2023-04-01 2024-03-31 OC380760 c:Buildings 2024-03-31 OC380760 c:Buildings 2023-03-31 OC380760 c:Buildings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC380760 c:PlantMachinery 2023-04-01 2024-03-31 OC380760 c:PlantMachinery 2024-03-31 OC380760 c:PlantMachinery 2023-03-31 OC380760 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC380760 c:MotorVehicles 2023-04-01 2024-03-31 OC380760 c:MotorVehicles 2024-03-31 OC380760 c:MotorVehicles 2023-03-31 OC380760 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC380760 c:FurnitureFittings 2023-04-01 2024-03-31 OC380760 c:FurnitureFittings 2024-03-31 OC380760 c:FurnitureFittings 2023-03-31 OC380760 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC380760 c:ComputerEquipment 2023-04-01 2024-03-31 OC380760 c:ComputerEquipment 2024-03-31 OC380760 c:ComputerEquipment 2023-03-31 OC380760 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC380760 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC380760 c:Goodwill 2023-04-01 2024-03-31 OC380760 c:Goodwill 2024-03-31 OC380760 c:Goodwill 2023-03-31 OC380760 c:CurrentFinancialInstruments 2024-03-31 OC380760 c:CurrentFinancialInstruments 2023-03-31 OC380760 c:Non-currentFinancialInstruments 2024-03-31 OC380760 c:Non-currentFinancialInstruments 2023-03-31 OC380760 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC380760 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC380760 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC380760 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC380760 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC380760 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 OC380760 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC380760 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 OC380760 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2024-03-31 OC380760 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2023-03-31 OC380760 d:FRS102 2023-04-01 2024-03-31 OC380760 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC380760 d:FullAccounts 2023-04-01 2024-03-31 OC380760 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC380760 2 2023-04-01 2024-03-31 OC380760 c:Goodwill c:OwnedIntangibleAssets 2023-04-01 2024-03-31 OC380760 d:PartnerLLP3 2023-04-01 2024-03-31 OC380760 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC380760 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC380760 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC380760










LAVENDER HOUSE CARE HOME LLP








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
LAVENDER HOUSE CARE HOME LLP
REGISTERED NUMBER:OC380760

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
65,625
170,625

Tangible fixed assets
  
1,401,740
1,455,762

  
1,467,365
1,626,387

Current assets
  

Debtors: amounts falling due within one year
 6 
67,603
132,846

Bank and cash balances
  
405,060
92,436

  
472,663
225,282

Creditors: amounts falling due within one year
 7 
(891,624)
(636,657)

Net current liabilities
  
 
 
(418,961)
 
 
(411,375)

Total assets less current liabilities
  
1,048,404
1,215,012

Creditors: amounts falling due after more than one year
 8 
(1,005,515)
(1,035,557)

  

Net assets
  
42,889
179,455


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
42,889
179,455

  
42,889
179,455


Total members' interests
  

Members' other interests
  
42,889
179,455

  
42,889
179,455


Page 1

 
LAVENDER HOUSE CARE HOME LLP
REGISTERED NUMBER:OC380760
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




................................................
Mr Ajay Marjara
Designated member

Date: 7 November 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
LAVENDER HOUSE CARE HOME LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Lavender House Care Home LLP ("the LLP") is a private limited liability partnership incorporated in England and Wales under the Companies Act. 
The registered number and address of the registered office are given in the LLP information.
The functional and presentational currency of the LLP is pounds sterling (£) and rounded to the nearest whole pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
LAVENDER HOUSE CARE HOME LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the LLP 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method or on a reducing balance basis..

Depreciation is provided on the following basis:

Freehold property
-
2% on cost
Plant and machinery
-
25% on reducing balance
Motor vehicles
-
25% on reducing balance
Fixtures and fittings
-
25% on reducing balance
Computer equipment
-
25% on reducing balance

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

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
LAVENDER HOUSE CARE HOME LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the LLP would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when
Page 5

 
LAVENDER HOUSE CARE HOME LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other 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.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.12

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Page 6

 
LAVENDER HOUSE CARE HOME LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2023 - 24).


4.


Intangible assets



Goodwill

£



Cost


At 1 April 2023
1,050,000



At 31 March 2024

1,050,000



Amortisation


At 1 April 2023
879,375


Charge for the year on owned assets
105,000



At 31 March 2024

984,375



Net book value



At 31 March 2024
65,625



At 31 March 2023
170,625



Page 7

 
LAVENDER HOUSE CARE HOME LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment

£
£
£
£
£



Cost


At 1 April 2023
1,638,554
177,122
99,276
182,928
6,869


Additions
-
2,352
-
20,664
-



At 31 March 2024

1,638,554
179,474
99,276
203,592
6,869



Depreciation


At 1 April 2023
317,441
146,353
27,034
152,009
6,150


Charge for the year on owned assets
32,771
7,790
24,819
11,478
180



At 31 March 2024

350,212
154,143
51,853
163,487
6,330



Net book value



At 31 March 2024
1,288,342
25,331
47,423
40,105
539



At 31 March 2023
1,321,113
30,769
72,242
30,919
719

Total

£



Cost


At 1 April 2023
2,104,749


Additions
23,016



At 31 March 2024

2,127,765



Depreciation


At 1 April 2023
648,987


Charge for the year on owned assets
77,038



At 31 March 2024

726,025



Net book value



At 31 March 2024
1,401,740



At 31 March 2023
1,455,762

Page 8

 
LAVENDER HOUSE CARE HOME LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
21,985
80,009

Other debtors
4,000
15,508

Prepayments and accrued income
41,618
37,329

67,603
132,846



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
22,945
28,943

Other loans
8,274
-

Trade creditors
55,683
68,795

Other taxation and social security
30,004
27,734

Obligations under finance lease and hire purchase contracts
13,095
12,252

Other creditors
750,533
489,973

Accruals and deferred income
11,090
8,960

891,624
636,657


Bank loans due within one year totalling £22,945 (2023: £28,943) are secured by a fixed and floating charge over the company's assets.
Obligations under finance leases and hire purchase contracts due within one year totalling £13,095 (2023: £12,252) are secured against the assets to which they relate.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
951,875
968,822

Obligations under finance leases and hire purchase contracts
53,640
66,735

1,005,515
1,035,557


Bank loans due after more than one year totalling £951,875 (2023: £968,822) are secured by a fixed and floating charge over the company's assets.
Obligations under finance leases and hire purchase contracts due after more than one year totalling £53,640 (2023: £66,735) are secured against the assets to which they relate.

Page 9

 
LAVENDER HOUSE CARE HOME LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
22,945
28,943

Other loans
8,274
-

Amounts falling due 1-2 years

Bank loans
22,945
28,943

Amounts falling due 2-5 years

Bank loans
68,834
86,828

Amounts falling due after more than 5 years

Bank loans
860,096
853,051

983,094
997,765



10.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. Contributions totalling £2,899 (2023: £2,595) were payable to the fund at the balance sheet date and are included within other creditors.


11.


Related party transactions

Included within other creditors is a balance due to Peterborough Care Limited, a company in which members of the LLP are directors and shareholders, totalling £46,785 (2023: £15,508 included within other debtors).
Also included within other creditors is a balance due to Pride Care Homes Peterborough Limited, a company in which members of the LLP are directors and shareholders, totalling £195,757 (2023: £199,757).
Also included within other creditors is a balance due to Park Vista Care Homes Limited, a company in which members of the LLP are directors and shareholders, totalling £94,856 (2023: £54,856).
Also included within other creditors is a balance due to Thorpe Wood Care Homes Limited, a company  in which members of the LLP are directors and shareholders, totalling £363,714 (2023: £188,714)
All balances are interest free and repayable on demand.

 
Page 10