Company Registration No. 07634588 (England and Wales)
Brompton Lodge Residential Home Limited
Unaudited accounts
for the year ended 29 February 2024
Brompton Lodge Residential Home Limited
Unaudited accounts
Contents
Brompton Lodge Residential Home Limited
Company Information
for the year ended 29 February 2024
Directors
Susan Patricia Roberts
Jennifer Rosina Neville
Sean Roberts
David Maelgwyn Roberts
Company Number
07634588 (England and Wales)
Registered Office
Shift Works
Royal House 14 Upper Northgate Street
Chester
Cheshire
CH1 4EE
England
Accountants
Power Accountants, Business and Tax Advisors Limited
Royal House, 14 Upper Northgate Street
Chester
CH1 4EE
Brompton Lodge Residential Home Limited
Statement of financial position
as at 29 February 2024
Tangible assets
16,911
22,180
Debtors
1,483,070
1,052,277
Cash at bank and in hand
596,992
588,004
Creditors: amounts falling due within one year
(226,218)
(181,476)
Net current assets
1,856,344
1,460,905
Total assets less current liabilities
1,873,255
1,483,085
Creditors: amounts falling due after more than one year
-
(26,667)
Provisions for liabilities
Deferred tax
(3,213)
(4,023)
Net assets
1,870,042
1,452,395
Called up share capital
120
120
Profit and loss account
1,869,922
1,452,275
Shareholders' funds
1,870,042
1,452,395
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2024 and were signed on its behalf by
Susan Patricia Roberts
Director
Company Registration No. 07634588
Brompton Lodge Residential Home Limited
Notes to the Accounts
for the year ended 29 February 2024
Brompton Lodge Residential Home Limited is a private company, limited by shares, registered in England and Wales, registration number 07634588. The registered office is Shift Works, Royal House 14 Upper Northgate Street, Chester, Cheshire, CH1 4EE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain financial assets and financial liabilities measured at fair value and in accordance with Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ including Section 1A ‘Small Entities’ and the Companies Act 2006.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives,
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax.
When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.
The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company’s activities described below.
Brompton Lodge Residential Home Limited
Notes to the Accounts
for the year ended 29 February 2024
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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date that are
expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
Related Party Transactions
The Company is exempt from the requirement to disclose related party transactions under Section 1A of FRS 102, as it meets the definition of a small company in accordance with the Companies Act 2006.
The directors confirm that there were no related party transactions during the year ended 28th February 2023 that are required to be disclosed under FRS 102.
4
Intangible fixed assets
Other
At 29 February 2024
650,000
At 29 February 2024
650,000
Brompton Lodge Residential Home Limited
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery
At 29 February 2024
245,421
At 29 February 2024
228,510
At 29 February 2024
16,911
At 28 February 2023
22,180
Amounts falling due within one year
Trade debtors
64,207
19,000
Accrued income and prepayments
13,925
8,935
Other debtors
834,203
425,890
Amounts falling due after more than one year
Other debtors
570,735
598,452
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
26,883
10,000
Taxes and social security
139,970
74,224
Other creditors
1,402
2,365
Loans from directors
48,225
85,899
8
Creditors: amounts falling due after more than one year
2024
2023
Brompton Lodge Residential Home Limited
Notes to the Accounts
for the year ended 29 February 2024
Allotted, called up and fully paid:
100 Ordinary shares - A of £1 each
100
100
10 Ordinary Shares - B of £1 each
10
10
10 Ordinary Shares - C of £1 each
10
10
10
Average number of employees
During the year the average number of employees was 21 (2023: 21).