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REGISTERED NUMBER: 04819426 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

GRACELODGE (HOLDINGS) LIMITED

GRACELODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 04819426)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRACELODGE (HOLDINGS) LIMITED

COMPANY INFORMATION
for the Year Ended 30th April 2024







DIRECTOR: Mr A Goorwappa





REGISTERED OFFICE: Grace Lodge Nursing Home
Grace Road
Liverpool
L9 2DB





REGISTERED NUMBER: 04819426 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

GRACELODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 04819426)

BALANCE SHEET
30th April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,258,293 1,281,246
Investments 5 1 1
1,258,294 1,281,247

CURRENT ASSETS
Debtors 6 1,155,345 1,155,345
Cash at bank 138,898 380,749
1,294,243 1,536,094
CREDITORS
Amounts falling due within one year 7 (1,028,656 ) (1,196,409 )
NET CURRENT ASSETS 265,587 339,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,523,881

1,620,932

CREDITORS
Amounts falling due after more than one
year

8

(528,767

)

(609,069

)
NET ASSETS 995,114 1,011,863

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 995,014 1,011,763
SHAREHOLDERS' FUNDS 995,114 1,011,863

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

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

GRACELODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 04819426)

BALANCE SHEET - continued
30th 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st January 2025 and were signed by:





Mr A Goorwappa - Director


GRACELODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 04819426)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024


1. STATUTORY INFORMATION

Gracelodge (Holdings) Limited is a private company, limited by shares, registered in England and Wales, registration number 04819426. The address of the registered office and principal place of business is Grace Lodge Nursing Home, Grace Road, Liverpool, England, L9 2DB.

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.

Preparation of consolidated financial statements
The financial statements contain information about Gracelodge (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover principally consists of management charges received from other group companies.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Freehold land & buildings -2% on cost

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

GRACELODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 04819426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024


2. ACCOUNTING POLICIES - continued

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st May 2023
and 30th April 2024 1,721,479
DEPRECIATION
At 1st May 2023 440,233
Charge for year 22,953
At 30th April 2024 463,186
NET BOOK VALUE
At 30th April 2024 1,258,293
At 30th April 2023 1,281,246

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1st May 2023
and 30th April 2024 1
NET BOOK VALUE
At 30th April 2024 1
At 30th April 2023 1

GRACELODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 04819426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024


5. FIXED ASSET INVESTMENTS - continued

The following is subsidiary undertaking of the company:

Name Country of incorporation Class of shares Holding Principal Activity
Oceancross Limited England and Wales Ordinary 100% Nursing and residential home

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,155,345 1,155,345

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 75,342 75,342
Amounts owed to group undertakings 758,174 921,781
Taxation and social security 3,295 6,187
Other creditors 191,845 193,099
1,028,656 1,196,409

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 528,767 609,069

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 111,398 191,700

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 604,109 684,411

Barclays Bank PLC holds a charge, dated 30 April 2015, creating a floating charge over all the property or undertaking of the group.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

11. RELATED PARTY DISCLOSURES

Included in Other Debtors are amounts owed from companies under common control amounting to £1,155,345 (2023 - £1,155,345). The amounts represent unsecured and interest free loans, repayable on demand.