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REGISTERED NUMBER: 11190169 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Care For Your Life - St Clare's Limited
Trading as
St Claire's Care Home

Care For Your Life - St Clare's Limited (Registered number: 11190169)
Trading as St Claire's Care Home






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


Care For Your Life - St Clare's Limited
Trading as St Claire's Care Home

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr K Ravivaruman
Mr D A Thotli
Mr G Ravivaruman





REGISTERED OFFICE: 6 Derby Avenue
Skegness
PE25 3DH





REGISTERED NUMBER: 11190169 (England and Wales)






Care For Your Life - St Clare's Limited (Registered number: 11190169)
Trading as St Claire's Care Home

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2 3
Tangible assets 5 1,116,081 1,135,956
1,116,083 1,135,959

CURRENT ASSETS
Stocks 550 535
Debtors 6 73,709 107,630
Cash at bank and in hand 56,275 5,139
130,534 113,304
CREDITORS
Amounts falling due within one year 7 191,679 171,777
NET CURRENT LIABILITIES (61,145 ) (58,473 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,054,938

1,077,486

CREDITORS
Amounts falling due after more than one
year

8

(740,985

)

(808,058

)

PROVISIONS FOR LIABILITIES (20,059 ) (16,177 )
NET ASSETS 293,894 253,251

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 293,794 253,151
SHAREHOLDERS' FUNDS 293,894 253,251

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.

Care For Your Life - St Clare's Limited (Registered number: 11190169)
Trading as St Claire's Care Home

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 Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:




Mr K Ravivaruman - Director



Mr D A Thotli - Director


Care For Your Life - St Clare's Limited (Registered number: 11190169)
Trading as St Claire's Care Home

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

1. STATUTORY INFORMATION

Care For Your Life - St Clare's 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. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - Straight line over 50 years
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Care For Your Life - St Clare's Limited (Registered number: 11190169)
Trading as St Claire's Care Home

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 50 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 6
AMORTISATION
At 1 April 2023 3
Charge for year 1
At 31 March 2024 4
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 3

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,122,769 159,169 1,281,938
Additions - 12,172 12,172
Disposals - (2,275 ) (2,275 )
At 31 March 2024 1,122,769 169,066 1,291,835
DEPRECIATION
At 1 April 2023 71,953 74,029 145,982
Charge for year 14,970 15,939 30,909
Eliminated on disposal - (1,137 ) (1,137 )
At 31 March 2024 86,923 88,831 175,754
NET BOOK VALUE
At 31 March 2024 1,035,846 80,235 1,116,081
At 31 March 2023 1,050,816 85,140 1,135,956

Care For Your Life - St Clare's Limited (Registered number: 11190169)
Trading as St Claire's Care Home

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 69,440 103,636
Other debtors 4,269 3,994
73,709 107,630

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 60,864 60,864
Trade creditors 78,341 66,153
Taxation and social security 43,604 35,908
Other creditors 8,870 8,852
191,679 171,777

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 593,280 603,693
Other creditors 147,705 204,365
740,985 808,058

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 593,280 603,693

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 654,144 664,557

The bank loans are secured on freehold property, and a cross guarantee among associated companies, Care For Your Life Ltd & Care For Your Life (Fair Haven) Limited.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Ravivaruman.