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REGISTERED NUMBER: 13166709 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

MILL LODGE RESIDENTIAL CARE HOME LIMITED

MILL LODGE RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 13166709)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MILL LODGE RESIDENTIAL CARE HOME LIMITED

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Mrs P Jhugroo
Mr K Jhugroo





REGISTERED OFFICE: 264 Manchester New Road
Middleton
Manchester
M24 1JR





REGISTERED NUMBER: 13166709 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

MILL LODGE RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 13166709)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £   
CURRENT ASSETS
Debtors 4 - 104,554
Cash at bank 135,034 115,075
135,034 219,629
CREDITORS
Amounts falling due within one year 5 110,123 77,475
NET CURRENT ASSETS 24,911 142,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,911

142,154

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,811 142,054
24,911 142,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th January 2025 and were signed on its behalf by:




Mrs P Jhugroo - Director



Mr K Jhugroo - Director


MILL LODGE RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 13166709)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Mill Lodge Residential Care Home 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.

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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated inclusive of value added tax.

Revenue is recognised when services have been delivered to its customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


MILL LODGE RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 13166709)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

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 the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 14 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 975
Other debtors - 160
Directors' current accounts - 103,419
- 104,554

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Tax 186 58,042
Social security and other taxes 266 -
Other creditors 264 -
Directors' current accounts 95,607 -
Accrued expenses 13,800 19,433
110,123 77,475

MILL LODGE RESIDENTIAL CARE HOME LIMITED (REGISTERED NUMBER: 13166709)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31st July 2024 and the period ended 31st July 2023:

31.7.24 31.7.23
£    £   
Mrs P Jhugroo and Mr K Jhugroo
Balance outstanding at start of year 103,419 (182,133 )
Amounts advanced 25,024 438,108
Amounts repaid (128,443 ) (152,556 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 103,419

Interest was charged by the company on the overdrawn directors' loan account at a rate of 2.25% per annum.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr & Mrs K Jhugroo by virtue of their holding 100% of the share capital.