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Registered number: 07593104
Beacon Care Homes Limited
Financial Statements
For The Year Ended 30 April 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07593104
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 608,932 625,851
608,932 625,851
CURRENT ASSETS
Debtors 6 995 -
Cash at bank and in hand 393,988 137,687
394,983 137,687
Creditors: Amounts Falling Due Within One Year 7 (195,366 ) (126,924 )
NET CURRENT ASSETS (LIABILITIES) 199,617 10,763
TOTAL ASSETS LESS CURRENT LIABILITIES 808,549 636,614
Creditors: Amounts Falling Due After More Than One Year 8 (90,118 ) (160,073 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,964 ) (3,728 )
NET ASSETS 715,467 472,813
CAPITAL AND RESERVES
Called up share capital 9 151 151
Capital redemption reserve 50 50
Profit and Loss Account 715,266 472,612
SHAREHOLDERS' FUNDS 715,467 472,813
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Dr V R Srinivasan
Director
28th January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Beacon Care Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07593104 . The registered office is C/O 55 Hoghton Street, Southport, Merseyside, PR9 0PG. The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
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. It is amortised to profit and loss account over its estimated economic life of .... years.
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 2% reducing balance
Leasehold 2% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.5. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 16)
15 16
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 178,442
As at 30 April 2024 178,442
Amortisation
As at 1 May 2023 178,442
As at 30 April 2024 178,442
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 May 2023 734,758 7,334 10,910 113,848 866,850
As at 30 April 2024 734,758 7,334 10,910 113,848 866,850
Depreciation
As at 1 May 2023 139,338 1,364 6,442 93,855 240,999
Provided during the period 11,908 119 893 3,999 16,919
As at 30 April 2024 151,246 1,483 7,335 97,854 257,918
Net Book Value
As at 30 April 2024 583,512 5,851 3,575 15,994 608,932
As at 1 May 2023 595,420 5,970 4,468 19,993 625,851
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 995 -
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 69,465 52,289
Amounts owed to participating interests 5,171 2,371
Other creditors 32,445 29,725
Taxation and social security 88,285 42,539
195,366 126,924
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 90,118 160,073
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 151 151
Page 5