Company Registration No. 12472795 (England and Wales)
CHERRY CARE CHILDREN'S HOME LTD
Unaudited accounts
for the year ended 29 February 2024
CHERRY CARE CHILDREN'S HOME LTD
Unaudited accounts
Contents
CHERRY CARE CHILDREN'S HOME LTD
Company Information
for the year ended 29 February 2024
Company Number
12472795 (England and Wales)
Registered Office
47b WEST BANK
LONDON
N16 5DF
ENGLAND
CHERRY CARE CHILDREN'S HOME LTD
Statement of financial position
as at 29 February 2024
Called up share capital not paid
101
101
Tangible assets
108,399
33,888
Cash at bank and in hand
95,650
33,965
Creditors: amounts falling due within one year
(203,931)
(169,816)
Net current assets
16,549
67,872
Total assets less current liabilities
125,049
101,861
Creditors: amounts falling due after more than one year
(39,200)
(44,763)
Called up share capital
101
101
Profit and loss account
85,748
56,997
Shareholders' funds
85,849
57,098
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 director acknowledges his 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 and authorised for issue on 20 November 2024 and were signed on its behalf by
Jacob Kraus
Director
Company Registration No. 12472795
CHERRY CARE CHILDREN'S HOME LTD
Notes to the Accounts
for the year ended 29 February 2024
CHERRY CARE CHILDREN'S HOME LTD is a private company, limited by shares, registered in England and Wales, registration number 12472795. The registered office is 47b WEST BANK, LONDON, N16 5DF, 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.
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
20% SL
Computer equipment
25% RBB
Other tangible fixed assets
3% SL
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
CHERRY CARE CHILDREN'S HOME LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
30,829
4,700
-
2,108
37,637
Additions
47,135
-
34,625
4,015
85,775
At 29 February 2024
77,964
4,700
34,625
6,123
123,412
At 1 March 2023
925
1,606
-
1,218
3,749
Charge for the year
2,339
774
6,925
1,226
11,264
At 29 February 2024
3,264
2,380
6,925
2,444
15,013
At 29 February 2024
74,700
2,320
27,700
3,679
108,399
At 28 February 2023
29,904
3,094
-
890
33,888
Amounts falling due within one year
Trade debtors
(450)
203,723
Accrued income and prepayments
20,800
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
159,633
83,511
Taxes and social security
20,401
26,825
Other creditors
21,017
54,960
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
Included in other debtors is £97,280 due from related companies in which Mr Kraus & Mr Grunhut, the beneficial owners of this company are also directors/owners.
9
Average number of employees
During the year the average number of employees was 23 (2023: 12).