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REGISTERED NUMBER: 02028642 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

FLIXTON HOUSE LIMITED

FLIXTON HOUSE LIMITED (REGISTERED NUMBER: 02028642)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 8


FLIXTON HOUSE LIMITED (REGISTERED NUMBER: 02028642)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 183,662 204,460

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 56,021 129,706
Cash at bank 196,216 66,544
255,237 199,250
CREDITORS
Amounts falling due within one year 7 (253,293 ) (179,281 )
NET CURRENT ASSETS 1,944 19,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,606

224,429

PROVISIONS FOR LIABILITIES (507 ) (1,216 )
NET ASSETS 185,099 223,213

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 184,999 223,113
185,099 223,213

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

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

FLIXTON HOUSE LIMITED (REGISTERED NUMBER: 02028642)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 28 January 2025 and were signed on its behalf by:





R J Al-Safar - Director


FLIXTON HOUSE LIMITED (REGISTERED NUMBER: 02028642)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

The company is a private company limited by shares, registered in England and Wales with company number 02028642. The address of the registered office is C/O DPC Chartered Accountants, Stone House, Stone Road Business Park, Stoke-on-Trent, ST4 6SR.

The principal activity of the company during the year was the provision of the care facilities for the elderly and infirm within the environment of a nursing home.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

As described in the accounting policies of the financial statements, depreciation of intangible and tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Residents of the care home are invoiced monthly in advance, based on the number of days that a resident will occupy a bed at the home.

FLIXTON HOUSE LIMITED (REGISTERED NUMBER: 02028642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 33% on cost and 20% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

STOCKS
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

FLIXTON HOUSE LIMITED (REGISTERED NUMBER: 02028642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

CORPORATION TAX
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

FLIXTON HOUSE LIMITED (REGISTERED NUMBER: 02028642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. ACCOUNTING POLICIES - continued

IMPAIRMENT OF FIXED ASSETS
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

DEFINED CONTRIBUTION PLANS
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

EMPLOYEE BENEFITS
The company provides a range of benefits to employees.

Short term benefits, including holiday pay, are recognised as an expense in the profit and loss account in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 46 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Tenant's and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 693,793 328,856 109,484 1,132,133
Additions - 2,128 717 2,845
At 30 April 2024 693,793 330,984 110,201 1,134,978
DEPRECIATION
At 1 May 2023 494,014 327,572 106,087 927,673
Charge for year 18,939 1,068 3,636 23,643
At 30 April 2024 512,953 328,640 109,723 951,316
NET BOOK VALUE
At 30 April 2024 180,840 2,344 478 183,662
At 30 April 2023 199,779 1,284 3,397 204,460

FLIXTON HOUSE LIMITED (REGISTERED NUMBER: 02028642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 1,680 -
Directors' loan accounts 54,341 129,706
56,021 129,706

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed to group undertakings 58,858 44,858
Tax 59,053 14,195
Social security and other taxes 21,877 12,077
Other creditors 86,284 74,885
Directors' loan accounts 3,489 -
Accruals and deferred income 23,732 33,266
253,293 179,281

Amounts owed to group undertakings are unsecured, interest free, and are repayable on demand.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
R J Al-Safar
Balance outstanding at start of year 36,853 57,791
Amounts advanced 20,839 56,340
Amounts repaid (37,000 ) (77,278 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,692 36,853

J Al-Safar Deceased
Balance outstanding at start of year 83,607 73,301
Amounts advanced 51,359 83,631
Amounts repaid (101,317 ) (73,325 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,649 83,607

B J Al-Safar
Balance outstanding at start of year 9,246 42,629
Amounts advanced 2,265 9,267
Amounts repaid (15,000 ) (42,650 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,489 ) 9,246

FLIXTON HOUSE LIMITED (REGISTERED NUMBER: 02028642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

By virtue of the outstanding loan account balances a liability to taxation exists under Section 455 of CTA 2010 of £18,340. It is anticipated that the loans will be cleared within 9 months of the year end and so no provision for tax has been made.

9. EVENTS AFTER THE REPORTING PERIOD

There were no significant events up to the date of the approval of the financial statements by the board.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Brightside Care limited, a company registered in England and Wales.