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REGISTERED NUMBER: 04675567 (England and Wales)















Chase Lodge Care Home Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Chase Lodge Care Home Limited (Registered number: 04675567)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Chase Lodge Care Home Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr D Bladon-Wing
Dr E M M Bladon-Wing



REGISTERED OFFICE: 81 High Street
Worle
Weston Super Mare
North Somerset
BS22 6ET



REGISTERED NUMBER: 04675567 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
24-25 Stall Street
Bath
BA1 1QF

Chase Lodge Care Home Limited (Registered number: 04675567)

Abridged Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 325,922 338,865
Investments 6 20,000 20,000
345,922 358,865

CURRENT ASSETS
Debtors 677,782 724,244
Cash at bank and in hand 283,433 58,390
961,215 782,634
CREDITORS
Amounts falling due within one year 184,237 132,578
NET CURRENT ASSETS 776,978 650,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,122,900

1,008,921

CREDITORS
Amounts falling due after more than one year 7 (224,891 ) (265,540 )

PROVISIONS FOR LIABILITIES (6,217 ) (5,558 )
NET ASSETS 891,792 737,823

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 889,792 735,823
SHAREHOLDERS' FUNDS 891,792 737,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Chase Lodge Care Home Limited (Registered number: 04675567)

Abridged Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





Dr D Bladon-Wing - Director


Chase Lodge Care Home Limited (Registered number: 04675567)

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

1. STATUTORY INFORMATION

Chase Lodge Care Home Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Chase Lodge Care Home Limited (Registered number: 04675567)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 564,718
Additions 3,474
Grants (3,474 )
At 31 March 2024 564,718
DEPRECIATION
At 1 April 2023 225,853
Charge for year 12,943
At 31 March 2024 238,796
NET BOOK VALUE
At 31 March 2024 325,922
At 31 March 2023 338,865

Included in cost of land and buildings is freehold land of £ 30,683 (2023 - £ 30,683 ) which is not depreciated.

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 20,000
At 31 March 2023 20,000

The historical cost of the investments held as at 31 March 2024 is £20,000 (31/03/2023 £20,000).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.24 31.3.23
£    £   
Repayable by instalments
Bank loans 89,172 118,601

Chase Lodge Care Home Limited (Registered number: 04675567)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 265,652 306,413

The bank loans are secured by a legal charge over the building known as Chase Lodge Residential Home and its associated assets and a fixed and floating charge over all of the assets of the company.

9. ULTIMATE CONTROLLING PARTY

The directors, Dr D Bladon-Wing and Dr E M M Bladon-Wing controlled the company from their appointment, by virtue of the fact that they own all of the issued share capital of Aves Care Group Limited, the company's parent undertaking.