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Registration number: 04705264

House Martins Care Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

House Martins Care Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

House Martins Care Limited

Company Information

Directors

Mr PD Martin

Mrs LE Martin

Company secretary

Mr PD Martin

Registered office

56 Holmeswood Park
Rawtenstall
Rossendale
BB4 6HZ

Bankers

Natwest
28 Bank Street
Rawstenstall
Rossendale
Lancashire
BB4 8TS

Accountants

Matravers
Accountants & Business Advisers
Bridgewater House
Century Park, Caspian Road
Altrincham
Cheshire
WA14 5HH

 

House Martins Care Limited

(Registration number: 04705264)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

207,948

210,782

Current assets

 

Debtors

5

39,315

36,031

Investments

6

40,503

97,751

Cash at bank and in hand

 

164,540

69,359

 

244,358

203,141

Creditors: Amounts falling due within one year

7

(39,133)

(37,727)

Net current assets

 

205,225

165,414

Total assets less current liabilities

 

413,173

376,196

Provisions for liabilities

(1,866)

(2,387)

Net assets

 

411,307

373,809

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

411,207

373,709

Shareholders' funds

 

411,307

373,809

For the financial 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.

 

House Martins Care Limited

(Registration number: 04705264)
Balance Sheet as at 31 March 2024

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 November 2024 and signed on its behalf by:
 

.........................................
Mr PD Martin
Company secretary and director

.........................................
Mrs LE Martin
Director

 

House Martins Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
56 Holmeswood Park
Rawtenstall
Rossendale
BB4 6HZ

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

House Martins Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33.33% straight line

Fittings fixtures and equipment

25% reducing balance

Land

0% Depreciation

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

House Martins Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 27 (2023 - 24).

 

House Martins Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

198,217

48,667

8,547

255,431

Additions

-

426

948

1,374

At 31 March 2024

198,217

49,093

9,495

256,805

Depreciation

At 1 April 2023

-

38,557

6,092

44,649

Charge for the year

-

2,546

1,662

4,208

At 31 March 2024

-

41,103

7,754

48,857

Carrying amount

At 31 March 2024

198,217

7,990

1,741

207,948

At 31 March 2023

198,217

10,110

2,455

210,782

Included within the net book value of land and buildings above is £198,217 (2023 - £198,217) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

26,602

16,798

Prepayments

12,713

10,945

Other debtors

-

8,288

 

39,315

36,031

6

Current asset investments

2024
£

2023
£

Other investments

40,503

97,751

Listed investments

Investments having a net book value of £40,503 (31 March 2023 - £97,751) are listed on a recognised stock exchange and had a market value of £43,786 at the end of the year (31 March 2023 - £100,769).

 

House Martins Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

24,171

14,039

Accruals and deferred income

9,002

7,775

Other creditors

5,960

15,913

39,133

37,727

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Related party transactions

During the year the company made payments to Mr and Mrs Martin, the directors and shareholders, in respect of two properties owned by the directors personally but used by the business in the course of their main trade. The amount paid was £54,000 (2023: £54,000) and the amounts have been assessed as a market rent and has been paid on normal, commercial terms.