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REGISTERED NUMBER: 11986112 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2023 TO 30 JUNE 2024

FOR

SUPPORTED LIVING GROUP LIMITED

SUPPORTED LIVING GROUP LIMITED (REGISTERED NUMBER: 11986112)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUPPORTED LIVING GROUP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 30 JUNE 2024







DIRECTOR: C G C Smyth





REGISTERED OFFICE: Flat 65 Chepstow House
16-20 Chepstow Strret
Manchester
M1 5JF





REGISTERED NUMBER: 11986112 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

SUPPORTED LIVING GROUP LIMITED (REGISTERED NUMBER: 11986112)

BALANCE SHEET
30 JUNE 2024

30/6/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,450,910 6,623,443
Investments 5 100 -
6,451,010 6,623,443

CURRENT ASSETS
Debtors 6 111,435 63,753
Cash at bank 125,422 651,748
236,857 715,501
CREDITORS
Amounts falling due within one year 7 1,924,831 1,262,519
NET CURRENT LIABILITIES (1,687,974 ) (547,018 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,763,036

6,076,425

CREDITORS
Amounts falling due after more than one year 8 3,888,435 5,384,049
NET ASSETS 874,601 692,376

CAPITAL AND RESERVES
Called up share capital 10 1
Retained earnings 874,591 692,375
874,601 692,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

SUPPORTED LIVING GROUP LIMITED (REGISTERED NUMBER: 11986112)

BALANCE SHEET - continued
30 JUNE 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 6 December 2024 and were signed by:





C G C Smyth - Director


SUPPORTED LIVING GROUP LIMITED (REGISTERED NUMBER: 11986112)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 JUNE 2024

1. STATUTORY INFORMATION

Supported Living Group 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
No depreciation has been charged on land and buildings as the directors consider that the depreciable amount, being cost less residual value, is immaterial.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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 period was 1 (2023 - 1 ) .

SUPPORTED LIVING GROUP LIMITED (REGISTERED NUMBER: 11986112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2023 6,623,443
Additions 1,646,121
Transfers out (1,818,654 )
At 30 June 2024 6,450,910
NET BOOK VALUE
At 30 June 2024 6,450,910
At 31 May 2023 6,623,443

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 31/5/23
£    £   
Trade debtors - 12,106
Other debtors 111,435 51,647
111,435 63,753

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 31/5/23
£    £   
Bank loans and overdrafts 864,270 91,159
Trade creditors - 28,770
Other creditors 1,060,561 1,142,590
1,924,831 1,262,519

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 31/5/23
£    £   
Bank loans 3,888,435 5,384,049

SUPPORTED LIVING GROUP LIMITED (REGISTERED NUMBER: 11986112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30/6/24 31/5/23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,888,435 -

9. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 31/5/23
£    £   
Bank loans 4,752,705 5,475,208

The bank loans are secured by way of fixed charges over the following assets in favour of Atom Bank PLC.

.
22 Newcastle Road - 16 May 2023
49-51 Compton Road - 20 September 2022
2 Waldon Road - 20 September 2022
1-9 Eden Mews - 20 September 2022
1 Jesmond Crescent 20 September 2022

The debts are also secured by way of a floating charge over all the above in favour of Atom Bank PLC created on 16 September 2022.

The bank loans are also secured by way of a fixed and floating charge over 1 School Lane dated 7 November 2023 in favour of Charles Street Commercial Investments Limited.

10. RELATED PARTY DISCLOSURES

SLG (2021) Limited is a wholly owned subsidiary of Supported Living Group Limited. Included in Other debtors is a balance of £105,057 owed from SLG (2021) Limited.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C G C Smyth.