144
6 November 2024
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
true
false
No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
10233350
2023-04-01
2024-03-31
10233350
2024-03-31
10233350
2023-03-31
10233350
2022-04-01
2023-03-31
10233350
2023-03-31
10233350
2022-03-31
10233350
bus:Director2
2023-04-01
2024-03-31
10233350
core:LandBuildings
2023-03-31
10233350
core:PlantMachinery
2023-03-31
10233350
core:FurnitureFittings
2023-03-31
10233350
core:LandBuildings
2024-03-31
10233350
core:PlantMachinery
2024-03-31
10233350
core:FurnitureFittings
2024-03-31
10233350
core:LandBuildings
2023-04-01
2024-03-31
10233350
core:PlantMachinery
2023-04-01
2024-03-31
10233350
core:FurnitureFittings
2023-04-01
2024-03-31
10233350
core:WithinOneYear
2024-03-31
10233350
core:WithinOneYear
2023-03-31
10233350
core:ShareCapital
2024-03-31
10233350
core:ShareCapital
2023-03-31
10233350
core:RetainedEarningsAccumulatedLosses
2024-03-31
10233350
core:RetainedEarningsAccumulatedLosses
2023-03-31
10233350
core:AcceleratedTaxDepreciationDeferredTax
2024-03-31
10233350
core:AcceleratedTaxDepreciationDeferredTax
2023-03-31
10233350
core:LandBuildings
2023-03-31
10233350
core:PlantMachinery
2023-03-31
10233350
core:FurnitureFittings
2023-03-31
10233350
bus:SmallEntities
2023-04-01
2024-03-31
10233350
bus:Audited
2023-04-01
2024-03-31
10233350
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
10233350
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
10233350
bus:FullAccounts
2023-04-01
2024-03-31
10233350
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-04-01
2024-03-31
10233350
core:OtherDeferredTax
2024-03-31
10233350
core:OtherDeferredTax
2023-03-31
10233350
core:ComputerEquipment
2023-03-31
10233350
core:ComputerEquipment
2023-04-01
2024-03-31
10233350
core:ComputerEquipment
2024-03-31
COMPANY REGISTRATION NUMBER:
10233350
Athena Care Homes (Bretton) Limited |
|
Filleted Financial Statements |
|
Athena Care Homes (Bretton) Limited |
|
Statement of Financial Position |
|
31 March 2024
Fixed assets
Tangible assets |
5 |
|
4,170,330 |
3,933,894 |
|
|
|
|
|
Current assets
Debtors |
6 |
642,974 |
|
1,049,816 |
Cash at bank and in hand |
187,055 |
|
154,868 |
|
--------- |
|
------------ |
|
830,029 |
|
1,204,684 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
(
1,494,867) |
|
(
1,819,296) |
|
------------ |
|
------------ |
Net current liabilities |
|
(
664,838) |
(
614,612) |
|
|
------------ |
------------ |
Total assets less current liabilities |
|
3,505,492 |
3,319,282 |
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
(
253,000) |
(
114,900) |
|
|
------------ |
------------ |
Net assets |
|
3,252,492 |
3,204,382 |
|
|
------------ |
------------ |
|
|
|
|
Capital and reserves
Called up share capital |
|
1 |
1 |
Profit and loss account |
|
3,252,491 |
3,204,381 |
|
|
------------ |
------------ |
Shareholder funds |
|
3,252,492 |
3,204,382 |
|
|
------------ |
------------ |
|
|
|
|
These 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 income statement has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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:
10233350
Athena Care Homes (Bretton) Limited |
|
Notes to the 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 Unit 5, Russel House, Southfields Business Park, Hornsby Way, Laindon, Essex, SS15 6TF.
2.
Statement of compliance
These 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.
Going concern
The company's ultimate parent undertaking, Athena Care Homes Group (UK) Limited, has undertaken to provide such financial support as is required for a period of at least one year from the date of approval of these financial statements. The company shares common directors who are satisfied that this company has the financial resources to provide the required support. Accordingly, the directors have adopted the going concern basis in preparing the financial statements.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of
Athena Care Homes (UK) Limited
which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual results may differ from these results. The judgements, estimates and assumptions which have a significant risk of material adjustment to the carrying value of assets and liabilities are: Depreciation of tangible fixed assets: Tangible fixed assets, other than freehold land, are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal value. Bad debt provisions: The company has recognised impairment provisions in respect of bad and doubtful trade debtors. The judgements, estimates and associated assumptions necessary to calculate these provisions are based on historical experience and other reasonable factors.
Revenue recognition
Turnover from the management of a care home is recognised at the fair value of the consideration receivable for the sale of services provided to customers during the year in the normal course of business. Turnover is recognised when services are provided to the customer.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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 of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Freehold buildings |
- |
2% pa straight line
|
|
Plant and machinery |
- |
12.5% pa straight line
|
|
Fixtures and fittings |
- |
20% pa straight line
|
|
Equipment |
- |
20% pa straight line
|
|
|
|
|
Freehold land is not subject to depreciation. The residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, 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 the Statement of Comprehensive Income.
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Financial assets:
Financial assets comprise cash at bank, short term investments, trade debtors, other debtors, and other loans. These are initially recorded at cost on the date they originate and are subsequently recorded at amortised cost under the effective interest method, if applicable. The company considers evidence of impairment for all individual trade and other debtors, and any resultant impairment is recognised in the Statement of Comprehensive Income.
Impairment of financial assets:
Impairment provisions are recognised when there is objective evidence that a financial asset or group of financial assets is impaired. Objective evidence includes significant financial difficulties of the counterparty, default or significant delays in payment. Impairment provisions represent the difference between the carrying amount of a financial asset and the value of the expected future cash receipts from that asset.
Financial liabilities:
Financial liabilities comprise other loans, trade creditors, other creditors and accruals and deferred income; these are initially recorded, and subsequently carried, at cost on the date they originate.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Cash and cash equivalents
Cash and cash equivalents comprise cash in hand and deposits repayable on demand with any qualifying financial institution, less overdrafts from any qualifying financial institution repayable on demand together with short term investments. Deposits are repayable on demand if they can be withdrawn at any time without notice and without penalty or if a maturity or period of notice of not more than 24 hours or one working day has been agreed.
Holiday pay accrual
A liability is recognised to the extent any unused holiday pay entitlement has accrued at the balance sheet date and has been carried forward to future periods. This is measured at the undiscounted payroll cost of the future holiday entitlement.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
144
(2023:
138
).
5.
Tangible assets
|
Freehold land and buildings |
Plant and machinery |
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
At 1 April 2023 |
4,014,117 |
138,486 |
436,155 |
98,696 |
4,687,454 |
Additions |
264,032 |
20,808 |
82,042 |
10,858 |
377,740 |
|
------------ |
--------- |
--------- |
--------- |
------------ |
At 31 March 2024 |
4,278,149 |
159,294 |
518,197 |
109,554 |
5,065,194 |
|
------------ |
--------- |
--------- |
--------- |
------------ |
Depreciation |
|
|
|
|
|
At 1 April 2023 |
285,970 |
84,521 |
297,430 |
85,639 |
753,560 |
Charge for the year |
67,697 |
18,230 |
50,734 |
4,643 |
141,304 |
|
------------ |
--------- |
--------- |
--------- |
------------ |
At 31 March 2024 |
353,667 |
102,751 |
348,164 |
90,282 |
894,864 |
|
------------ |
--------- |
--------- |
--------- |
------------ |
Carrying amount |
|
|
|
|
|
At 31 March 2024 |
3,924,482 |
56,543 |
170,033 |
19,272 |
4,170,330 |
|
------------ |
--------- |
--------- |
--------- |
------------ |
At 31 March 2023 |
3,728,147 |
53,965 |
138,725 |
13,057 |
3,933,894 |
|
------------ |
--------- |
--------- |
--------- |
------------ |
|
|
|
|
|
|
6.
Debtors
Trade debtors |
511,677 |
964,427 |
Amounts owed by group undertakings |
2,354 |
– |
Other debtors |
128,943 |
85,389 |
|
--------- |
------------ |
|
642,974 |
1,049,816 |
|
--------- |
------------ |
|
|
|
7.
Creditors:
amounts falling due within one year
Trade creditors |
232,573 |
439,225 |
Amounts owed to group undertakings |
834,328 |
892,909 |
Corporation tax |
– |
120,182 |
Social security and other taxes |
50,062 |
37,624 |
Other creditors |
377,904 |
329,356 |
|
------------ |
------------ |
|
1,494,867 |
1,819,296 |
|
------------ |
------------ |
|
|
|
8.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
Included in provisions |
253,000 |
114,900 |
|
--------- |
--------- |
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
Accelerated capital allowances |
254,000 |
115,900 |
Deferred tax - other timing differences |
(
1,000) |
(
1,000)
|
|
--------- |
--------- |
|
253,000 |
114,900 |
|
--------- |
--------- |
|
|
|
9.
Contingencies
The company, together with its fellow subsidiaries, has guaranteed the bank loan of the company's ultimate parent undertaking, Athena Care Homes (UK) Limited. The guarantee is supported by a first legal charge over the company's freehold land and buildings and by a fixed and floating charge over the company's current and future assets. At the balance sheet date, the contingent liability in respect of this arrangement amounted to £20,000,000 (2023 - £14,500,000). The directors do not consider that any liability will fall on the company as a result of this contingent liability.
10.
Summary audit opinion
The auditor's report dated
6 November 2024
was
unqualified
.
The senior statutory auditor was
Oliver Ross BSc (Hons) FCA
, for and on behalf of
Muras Baker Jones Limited
.
11.
Controlling party
The company's immediate and ultimate parent undertaking is
Athena Care Homes (UK) Limited
, a company registered in England and Wales. The largest and smallest group in which the results of the company are consolidated is that headed by Athena Care Homes (UK) Limited. Copies of the group accounts are available from Companies House, Crown Way, Cardiff, CF14 3UZ.