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REGISTERED NUMBER: 03410086 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 July 2024

for

Ashdale Care Homes Limited

Ashdale Care Homes Limited (Registered number: 03410086)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashdale Care Homes Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: C K Wilkins
Mrs C A Wilkins





SECRETARY: C K Wilkins





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 03410086 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Chartered Accountants
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Ashdale Care Homes Limited (Registered number: 03410086)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 503,654 523,475
Investment property 5 415,322 415,322
918,976 938,797

CURRENT ASSETS
Debtors 6 2,045,914 2,033,379
Cash at bank and in hand 3,410,600 2,940,986
5,456,514 4,974,365
CREDITORS
Amounts falling due within one year 7 207,150 186,619
NET CURRENT ASSETS 5,249,364 4,787,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,168,340

5,726,543

PROVISIONS FOR LIABILITIES 21,525 16,000
NET ASSETS 6,146,815 5,710,543

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,146,715 5,710,443
SHAREHOLDERS' FUNDS 6,146,815 5,710,543

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by:




C K Wilkins - Director


Ashdale Care Homes Limited (Registered number: 03410086)

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

1. STATUTORY INFORMATION

Ashdale Care Homes 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 as modified by the revaluation of certain assets.

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 - 2% on cost
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

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.

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 27 (2023 - 28 ) .

Ashdale Care Homes Limited (Registered number: 03410086)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 902,199 194,734 1,096,933
DEPRECIATION
At 1 August 2023 385,819 187,639 573,458
Charge for year 18,044 1,777 19,821
At 31 July 2024 403,863 189,416 593,279
NET BOOK VALUE
At 31 July 2024 498,336 5,318 503,654
At 31 July 2023 516,380 7,095 523,475

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 415,322
NET BOOK VALUE
At 31 July 2024 415,322
At 31 July 2023 415,322

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 415,322

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 415,322 415,322

The investment property was valued on an open market basis on 31 July 2020 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,045,914 2,033,379

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 157,520 136,306
Other creditors 49,630 50,313
207,150 186,619

Ashdale Care Homes Limited (Registered number: 03410086)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
C K Wilkins and Mrs C A Wilkins
Balance outstanding at start of year 1,861,697 -
Amounts advanced 13,601 1,997,645
Amounts repaid (2,910 ) (135,948 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,872,388 1,861,697

9. RELATED PARTY DISCLOSURES

The amount owed to the directors at 31st July 2024 was £nil (2023: £nil).