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REGISTERED NUMBER: 11132666 (England and Wales)


















CWMDARE HOMES 2 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CWMDARE HOMES 2 LIMITED (REGISTERED NUMBER: 11132666)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CWMDARE HOMES 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Purbey
G Saha
R P Saha
C Rani
U Kumar





REGISTERED OFFICE: 37 Coedpenmaen Road
PONTYPRIDD
CF37 4LP





REGISTERED NUMBER: 11132666 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

CWMDARE HOMES 2 LIMITED (REGISTERED NUMBER: 11132666)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 385,440 388,855

CURRENT ASSETS
Stocks 720 560
Debtors 5 79,224 9,912
Cash at bank and in hand 770,026 843,428
849,970 853,900
CREDITORS
Amounts falling due within one year 6 (269,477 ) (165,166 )
NET CURRENT ASSETS 580,493 688,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

965,933

1,077,589

CREDITORS
Amounts falling due after more than one
year

7

(61,622

)

(61,622

)

PROVISIONS FOR LIABILITIES - (21,151 )
NET ASSETS 904,311 994,816

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Retained earnings 902,311 992,816
904,311 994,816

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.

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 Profit and loss account has not been delivered.

The financial statements were approved for issue by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:




R P Saha - Director


CWMDARE HOMES 2 LIMITED (REGISTERED NUMBER: 11132666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Cwmdare Homes 2 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
Turnover represents amounts due in respect of the provision of nursing home accommodation and ancillary services during the year.

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 property - 2% & 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

Stocks
Stock has been estimated by the directors.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at 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.

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.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

CWMDARE HOMES 2 LIMITED (REGISTERED NUMBER: 11132666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 69 (2023 - 63 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 757,700 118,225 143,410 1,019,335
Additions - 17,088 2,086 19,174
At 31 March 2024 757,700 135,313 145,496 1,038,509
DEPRECIATION
At 1 April 2023 400,578 91,886 138,016 630,480
Charge for year 15,154 5,121 2,314 22,589
At 31 March 2024 415,732 97,007 140,330 653,069
NET BOOK VALUE
At 31 March 2024 341,968 38,306 5,166 385,440
At 31 March 2023 357,122 26,339 5,394 388,855

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,096 5,985
Corporation tax - 26
Prepayments and accrued income 4,128 3,901
79,224 9,912

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 46,810 40,502
Amounts owed to associates 56,620 56,355
Corporation tax (26 ) -
Social security and other taxes 13,671 12,351
Other creditors 60,906 3,436
Accruals and deferred income 91,496 52,522
269,477 165,166

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 61,622 61,622

CWMDARE HOMES 2 LIMITED (REGISTERED NUMBER: 11132666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class Nominal 2022 2021
value £    £   
1000 OA shares £0.50 500 500
1000 BA shares £0.50 500 500
1000 OB shares £0.50 500 500
1000 BB shares £0.50 500 500
2,000 2,000

9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

Total future minimum lease payments under non-cancellable operating lease is £33,497 (2023: £37,938).