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Registered number: 13770052
Truscott Manor Carehome Ltd
Financial Statements
For The Year Ended 30 April 2024
Fairman Harris
ICAEW
1 Landor Road
London
SW9 9RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13770052
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 191,900 191,900
Tangible Assets 5 5,866,111 5,873,705
6,058,011 6,065,605
CURRENT ASSETS
Debtors 6 360,718 464,475
Cash at bank and in hand 1,322,099 415,997
1,682,817 880,472
Creditors: Amounts Falling Due Within One Year 7 (506,694 ) (390,147 )
NET CURRENT ASSETS (LIABILITIES) 1,176,123 490,325
TOTAL ASSETS LESS CURRENT LIABILITIES 7,234,134 6,555,930
NET ASSETS 7,234,134 6,555,930
CAPITAL AND RESERVES
Called up share capital 8 4 2
Other reserves 6,200,000 6,200,000
Profit and Loss Account 1,034,130 355,928
SHAREHOLDERS' FUNDS 7,234,134 6,555,930
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs N Kassam
Director
30 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Truscott Manor Carehome Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13770052 . The registered office is 1 Chiswick Square, London, W4 2QG.
The company acquired the entire trade and assets of the business from the shareholders during the year.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold N/A
Plant & Machinery 15% Reducing Balance
Motor Vehicles 15% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 15% Reducing Balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 52 (2023: 47)
52 47
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 191,900
As at 30 April 2024 191,900
Net Book Value
As at 30 April 2024 191,900
As at 1 May 2023 191,900
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2023 5,737,177 18,916 77,425 41,443
Additions - - - 12,331
As at 30 April 2024 5,737,177 18,916 77,425 53,774
Depreciation
As at 1 May 2023 - 127 - 1,129
Provided during the period - 2,819 11,614 7,897
As at 30 April 2024 - 2,946 11,614 9,026
Net Book Value
As at 30 April 2024 5,737,177 15,970 65,811 44,748
As at 1 May 2023 5,737,177 18,789 77,425 40,314
Computer Equipment Total
£ £
Cost
As at 1 May 2023 - 5,874,961
Additions 2,829 15,160
As at 30 April 2024 2,829 5,890,121
Depreciation
As at 1 May 2023 - 1,256
Provided during the period 424 22,754
As at 30 April 2024 424 24,010
Net Book Value
As at 30 April 2024 2,405 5,866,111
As at 1 May 2023 - 5,873,705
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6. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Trade debtors 183,475 167,998
Prepayments and accrued income 13,511 8,252
Other debtors 19,271 158,738
Directors' loan accounts 144,461 129,487
360,718 464,475
7. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Trade creditors 127,179 185,502
Corporation tax 250,906 84,469
Other taxes and social security 21,357 13,243
Net wages - 311
Other creditors - 558
Accruals and deferred income 105,536 106,064
Directors' loan accounts 1,716 -
506,694 390,147
8. Share Capital
30 April 2024 30 April 2023
£ £
Allotted, Called up and fully paid 4 2
9. Related Party Transactions
Frannan International Limited - a company with common directors and shareholders - intercompany balance: Db £19,271, (2023: Db £18,738). 
10. Ultimate Controlling Party
The company does not have an ultimate controlling party due to the 2 shareholders holding an equal share in the company.
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