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REGISTERED NUMBER: 04219080 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Sage Care Homes (Hazeldene) Limited

Sage Care Homes (Hazeldene) Limited (Registered number: 04219080)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sage Care Homes (Hazeldene) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: O Ahmad





SECRETARY: O Ahmad





REGISTERED OFFICE: 52 The Drive
South Woodford
London
E18 2BJ





REGISTERED NUMBER: 04219080 (England and Wales)





ACCOUNTANTS: Oscroft & Co Limited
41 Tyninghame Avenue
Tettenhall
Wolverhampton
West Midlands
WV6 9PP

Sage Care Homes (Hazeldene) Limited (Registered number: 04219080)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 997,715 997,277

CURRENT ASSETS
Stocks 3,423 2,658
Debtors 5 1,789,952 1,307,233
Cash at bank and in hand 297,841 197,570
2,091,216 1,507,461
CREDITORS
Amounts falling due within one year 6 459,480 417,390
NET CURRENT ASSETS 1,631,736 1,090,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,629,451

2,087,348

CREDITORS
Amounts falling due after more than one
year

7

(428,120

)

-

PROVISIONS FOR LIABILITIES (6,704 ) (5,255 )
NET ASSETS 2,194,627 2,082,093

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 2,184,627 2,072,093
SHAREHOLDERS' FUNDS 2,194,627 2,082,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 16 January 2025 and were signed by:





O Ahmad - Director


Sage Care Homes (Hazeldene) Limited (Registered number: 04219080)

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

1. STATUTORY INFORMATION

Sage Care Homes (Hazeldene) 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.
Freehold property - not provided
Improvements to property - at varying rates on cost
Equipment and furniture - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2023 - 71 ) .

Sage Care Homes (Hazeldene) Limited (Registered number: 04219080)

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

4. TANGIBLE FIXED ASSETS
Improvements Equipment
Freehold to and
property property furniture Totals
£    £    £    £   
COST
At 1 June 2023 954,268 85,302 229,922 1,269,492
Additions - - 14,375 14,375
At 31 May 2024 954,268 85,302 244,297 1,283,867
DEPRECIATION
At 1 June 2023 - 70,151 202,064 272,215
Charge for year - - 13,937 13,937
At 31 May 2024 - 70,151 216,001 286,152
NET BOOK VALUE
At 31 May 2024 954,268 15,151 28,296 997,715
At 31 May 2023 954,268 15,151 27,858 997,277

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 75,443 65,118
Amounts owed by participating interests 1,712,148 1,227,053
Other debtors - 4,000
Directors' loan accounts - 2,169
Prepayments 2,361 8,893
1,789,952 1,307,233

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 16,421 -
Trade creditors 41,251 38,909
Amounts owed to participating interests 113,362 113,611
Tax 92,433 115,730
Social security and other taxes 33,614 25,460
Other creditors 28,221 5,981
Net wages 124,850 108,185
Directors' loan accounts 1,486 -
Accrued expenses 7,842 9,514
459,480 417,390

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 18,013 -
Bank loans - 2-5 years 65,210 -
Bank loans more 5 yr by instal 344,897 -
428,120 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 344,897 -

Sage Care Homes (Hazeldene) Limited (Registered number: 04219080)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
O Ahmad
Balance outstanding at start of year 2,169 -
Amounts advanced - 2,169
Amounts repaid (2,169 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,169

Loans made to directors are interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is O Ahmad.

The ultimate controlling party is O Ahmad.