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REGISTERED NUMBER: 09201886 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

GENIECARE HOMES LIMITED

GENIECARE HOMES LIMITED (REGISTERED NUMBER: 09201886)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GENIECARE HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mrs S B Butt
Mr R G Butt





REGISTERED OFFICE: River Cottage
Horton Road
Horton
Bristol
BS37 6QH





REGISTERED NUMBER: 09201886 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

GENIECARE HOMES LIMITED (REGISTERED NUMBER: 09201886)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,670,580 3,788,218
Investments 5 1,527,483 1,527,483
5,198,063 5,315,701

CURRENT ASSETS
Debtors 6 3,962,589 3,503,653
Cash at bank and in hand 5,413 11,161
3,968,002 3,514,814
CREDITORS
Amounts falling due within one year 7 (1,921,644 ) (1,040,279 )
NET CURRENT ASSETS 2,046,358 2,474,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,244,421

7,790,236

CREDITORS
Amounts falling due after more than one
year

8

(4,468,669

)

(4,734,757

)
NET ASSETS 2,775,752 3,055,479

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,775,652 3,055,379
SHAREHOLDERS' FUNDS 2,775,752 3,055,479

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.

GENIECARE HOMES LIMITED (REGISTERED NUMBER: 09201886)

BALANCE SHEET - continued
31 July 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 Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:





Mrs S B Butt - Director


GENIECARE HOMES LIMITED (REGISTERED NUMBER: 09201886)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Geniecare 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The directors are of the opinion that there are no significant judgements or estimations used in preparing the financial statements.

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 - Straight line over 50 years
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred 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 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.

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.

GENIECARE HOMES LIMITED (REGISTERED NUMBER: 09201886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 3,939,851 293,736 173,109 483 4,407,179
Additions - - - 4,058 4,058
At 31 July 2024 3,939,851 293,736 173,109 4,541 4,411,237
DEPRECIATION
At 1 August 2023 401,962 104,630 111,886 483 618,961
Charge for year 78,797 29,301 12,245 1,353 121,696
At 31 July 2024 480,759 133,931 124,131 1,836 740,657
NET BOOK VALUE
At 31 July 2024 3,459,092 159,805 48,978 2,705 3,670,580
At 31 July 2023 3,537,889 189,106 61,223 - 3,788,218

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 1,527,483
NET BOOK VALUE
At 31 July 2024 1,527,483
At 31 July 2023 1,527,483

GENIECARE HOMES LIMITED (REGISTERED NUMBER: 09201886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 3,955,070 3,494,201
Other debtors 7,519 9,452
3,962,589 3,503,653

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,077 10,012
Amounts owed to group undertakings 1,832,016 949,776
Taxation and social security 55,931 42,912
Other creditors 25,620 37,579
1,921,644 1,040,279

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,468,669 4,734,757

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,956,445 3,020,334

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 4,468,669 4,734,757