Registered number
13954326
Ivydene Residential Home Ltd
Filleted Accounts
31 March 2024
Ivydene Residential Home Ltd
Registered number: 13954326
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,189 2,792
Current assets
Stocks 905 1,485
Debtors 4 26,279 -
Cash at bank and in hand 110,273 39,282
137,457 40,767
Creditors: amounts falling due within one year 5 (45,193) (24,238)
Net current assets 92,264 16,529
Net assets 95,453 19,321
Capital and reserves
Called up share capital 100 100
Profit and loss account 95,353 19,221
Shareholder's funds 95,453 19,321
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M Martin
Director
Approved by the board on 10.10.24
Ivydene Residential Home Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the net monetary value of Community Care Services provided to patients.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives as follows:
Fixtures, fittings and equipment 15% Reducing balance
Stocks
Stock is valued at the lower of cost and net relisable value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 12
3 Tangible fixed assets
Fixtures Fittings and equipment
£
Cost
At 1 April 2023 3,285
Additions 960
At 31 March 2024 4,245
Depreciation
At 1 April 2023 493
Charge for the year 563
At 31 March 2024 1,056
Net book value
At 31 March 2024 3,189
At 31 March 2023 2,792
4 Debtors 2024 2023
£ £
Other debtors 26,279 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,652 8,293
Taxation and social security costs 31,533 9,570
Other creditors 7,008 6,375
45,193 24,238
6 Other information
Ivydene Residential Home Ltd is a private company limited by shares and incorporated in England. Its registered office is:
37 Station Road
Ormesby
Great Yarmouth
NR29 3NU
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