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REGISTERED NUMBER: 04399417 (England and Wales)













Financial Statements

for the Year Ended 31 March 2024

for

Three Oaks Care Home Limited

Three Oaks Care Home Limited (Registered number: 04399417)






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


Three Oaks Care Home Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Walford
Ms N R L Douglas





REGISTERED OFFICE: Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG





REGISTERED NUMBER: 04399417 (England and Wales)





ACCOUNTANTS: Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

Three Oaks Care Home Limited (Registered number: 04399417)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 292,186 301,096

CURRENT ASSETS
Debtors 5 11,123 22,366
Cash at bank and in hand 430,404 352,608
441,527 374,974
CREDITORS
Amounts falling due within one year 6 142,157 77,651
NET CURRENT ASSETS 299,370 297,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,556

598,419

PROVISIONS FOR LIABILITIES 5,413 4,209
NET ASSETS 586,143 594,210

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 586,043 594,110
SHAREHOLDERS' FUNDS 586,143 594,210

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.

Three Oaks Care Home Limited (Registered number: 04399417)

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 20 December 2024 and were signed on its behalf by:





M Walford - Director


Three Oaks Care Home Limited (Registered number: 04399417)

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

1. STATUTORY INFORMATION

Three Oaks 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost, 15% on cost and 10% on cost

No depreciation has been provided in respect of freehold property, as, in the opinion of the directors, these properties have a remaining useful life of over 50 years.

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.

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.

Three Oaks Care Home Limited (Registered number: 04399417)

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

2. ACCOUNTING POLICIES - continued

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 22 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 259,592 866,394 10,128
Additions - - -
At 31 March 2024 259,592 866,394 10,128
DEPRECIATION
At 1 April 2023 - 849,533 10,128
Charge for year - 7,962 -
At 31 March 2024 - 857,495 10,128
NET BOOK VALUE
At 31 March 2024 259,592 8,899 -
At 31 March 2023 259,592 16,861 -

Three Oaks Care Home Limited (Registered number: 04399417)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 167,745 74,952 26,037 1,404,848
Additions 7,275 - 624 7,899
At 31 March 2024 175,020 74,952 26,661 1,412,747
DEPRECIATION
At 1 April 2023 156,239 61,815 26,037 1,103,752
Charge for year 4,260 4,379 208 16,809
At 31 March 2024 160,499 66,194 26,245 1,120,561
NET BOOK VALUE
At 31 March 2024 14,521 8,758 416 292,186
At 31 March 2023 11,506 13,137 - 301,096

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 11,123 22,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,816 839
Taxation and social security 34,847 22,429
Other creditors 102,494 54,383
142,157 77,651

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 were paid to the directors .