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REGISTERED NUMBER: 09393896















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Staunton On Wye Nursing Home Ltd

Staunton On Wye Nursing Home Ltd (Registered number: 09393896)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Staunton On Wye Nursing Home Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D A Kingham





REGISTERED OFFICE: Weir Nursing Home
Swainshill
Hereford
Herefordshire
HR4 7QF





REGISTERED NUMBER: 09393896





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

Staunton On Wye Nursing Home Ltd (Registered number: 09393896)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,020,029 1,008,112

CURRENT ASSETS
Debtors 5 2,469 -
Cash at bank 3,335 1,920
5,804 1,920
CREDITORS
Amounts falling due within one year 6 920,742 826,623
NET CURRENT LIABILITIES (914,938 ) (824,703 )
TOTAL ASSETS LESS CURRENT LIABILITIES 105,091 183,409

CREDITORS
Amounts falling due after more than one year 7 342,327 387,962
NET LIABILITIES (237,236 ) (204,553 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (237,336 ) (204,653 )
(237,236 ) (204,553 )

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 director acknowledges his 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.

Staunton On Wye Nursing Home Ltd (Registered number: 09393896)

Balance Sheet - 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.

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

The financial statements were approved by the director and authorised for issue on 24 December 2024 and were signed by:





D A Kingham - Director


Staunton On Wye Nursing Home Ltd (Registered number: 09393896)

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

1. STATUTORY INFORMATION

Staunton On Wye Nursing Home Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Going concern
At the balance sheet date the company had net liabilities of £237,236 (2023: £204,553). The company's ability to continue trading depends upon the continuing support of the directors and the company's creditors.

The directors are of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the financial statements on the going concern basis.

The financial statements do not include any adjustments that would result from the withdrawal of support by the directors and the company's creditors.

Turnover
The turnover shown in the profit and loss account represents rentals due for the year.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is not charged on freehold
land or on assets under construction.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 balance sheet date.


Staunton On Wye Nursing Home Ltd (Registered number: 09393896)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Assets
under
construction
£   
COST
At 1 April 2023 1,008,112
Additions 11,917
At 31 March 2024 1,020,029
NET BOOK VALUE
At 31 March 2024 1,020,029
At 31 March 2023 1,008,112

Included in assets under construction is freehold land at cost of £241,667 (2023: £241,667) which is not
depreciated.

Depreciation is not charged on assets under construction, upon completion this cost will be transferred to
freehold property and depreciation will be charged on all assets other than freehold land.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,469 -

Staunton On Wye Nursing Home Ltd (Registered number: 09393896)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 40,384 37,102
Trade creditors 3,475 8,558
Amounts owed to group undertakings - 769,525
Other creditors 876,883 11,438
920,742 826,623

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 342,327 387,962

The company has a loan from Clydesdale Bank PLC trading as Yorkshire Bank. The bank loan is repayable in monthly instalments with the remaining balance being repayable in July 2025. This is due for renewal in July 2025 for a further 10 years. The loan incurs interest at a floating rate of 2% over base rate per annum. The loan is secured by a cross guaranteed mortgage debenture with the bank, incorporating a fixed and floating charge over all of the assets, including a first legal charge over the land and property of the company and an undertaking from The Weir Nursing Home Limited.

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 40,384 37,102

Amounts falling due between one and two years:
Bank loans - 1-2 years 342,327 39,195

Amounts falling due between two and five years:
Bank loans - 2-5 years - 348,767

9. RELATED PARTY DISCLOSURES

Included in other creditors at the year end is an amount of £864,183 (2023: £767,525) owed to The Weir Nursing Home Limited, a company under common control.

Included in other creditors at the year end is an amount of £5,000 (2023: £3,000) owed to Cymbol Electronics Limited, a company under common control.