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REGISTERED NUMBER: 05177132 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Mineral Cottage Residential Home Limited

Mineral Cottage Residential Home Limited (Registered number: 05177132)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mineral Cottage Residential Home Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs S E Robinson
Miss S H Robinson





SECRETARY: Mrs S E Robinson





REGISTERED OFFICE: 520 Whitehall Road
New Farnley
Leeds
West Yorkshire
LS12 5HZ





REGISTERED NUMBER: 05177132 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Mineral Cottage Residential Home Limited (Registered number: 05177132)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,000
Tangible assets 5 16,247 6,714
16,247 8,714

CURRENT ASSETS
Debtors 6 319,271 264,170
Cash at bank 15,468 45,201
334,739 309,371
CREDITORS
Amounts falling due within one year 7 38,479 33,607
NET CURRENT ASSETS 296,260 275,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,507

284,478

PROVISIONS FOR LIABILITIES 1,052 993
NET ASSETS 311,455 283,485

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 311,355 283,385
SHAREHOLDERS' FUNDS 311,455 283,485

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

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

Mineral Cottage Residential Home Limited (Registered number: 05177132)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





Mrs S E Robinson - Director


Mineral Cottage Residential Home Limited (Registered number: 05177132)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Mineral Cottage Residential 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 represents fees receivable for services provided during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Mineral Cottage Residential Home Limited (Registered number: 05177132)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

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 in which they are defrayed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 40,000
AMORTISATION
At 1 October 2023 38,000
Amortisation for year 2,000
At 30 September 2024 40,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 2,000

Mineral Cottage Residential Home Limited (Registered number: 05177132)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 2,208 8,358 33,304 43,870
Additions - - 12,809 12,809
Disposals - - (9,310 ) (9,310 )
At 30 September 2024 2,208 8,358 36,803 47,369
DEPRECIATION
At 1 October 2023 1,311 5,572 30,273 37,156
Charge for year 191 670 758 1,619
Eliminated on disposal - - (7,653 ) (7,653 )
At 30 September 2024 1,502 6,242 23,378 31,122
NET BOOK VALUE
At 30 September 2024 706 2,116 13,425 16,247
At 30 September 2023 897 2,786 3,031 6,714

6. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Other debtors 303,707 254,972

Amounts falling due after more than one year:
Other debtors 15,564 9,198

Aggregate amounts 319,271 264,170

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 383 727
Taxation and social security 28,477 23,545
Other creditors 9,619 9,335
38,479 33,607

8. SECURED DEBTS

Svenska Handelsbanken holds a floating charge which covers all the property or undertaking of the company.

Mineral Cottage Residential Home Limited (Registered number: 05177132)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mrs S E Robinson
Balance outstanding at start of year 62,753 38,593
Amounts advanced 78,395 84,517
Amounts repaid (62,033 ) (60,357 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 79,115 62,753

Interest has been charged at the official rate.
This is repayable on demand.

10. RELATED PARTY DISCLOSURES

The property is rented from the director at below market value.

The company is a guarantor for a property owned by the director.