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REGISTERED NUMBER: 05532633 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CRAIGDALE CARE LIMITED

CRAIGDALE CARE LIMITED (REGISTERED NUMBER: 05532633)






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


CRAIGDALE CARE LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mr R G Butt
Mrs S B Butt





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





REGISTERED NUMBER: 05532633 (England and Wales)





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

CRAIGDALE CARE LIMITED (REGISTERED NUMBER: 05532633)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 344,383 386,483
Tangible assets 5 1,276,195 857,277
1,620,578 1,243,760

CURRENT ASSETS
Debtors 6 2,381,906 2,009,821
Cash at bank and in hand 1,022,172 911,333
3,404,078 2,921,154
CREDITORS
Amounts falling due within one year 7 (3,861,769 ) (3,360,736 )
NET CURRENT LIABILITIES (457,691 ) (439,582 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,162,887

804,178

CREDITORS
Amounts falling due after more than one
year

8

(43,324

)

(52,732

)

PROVISIONS FOR LIABILITIES (11,760 ) (11,760 )
NET ASSETS 1,107,803 739,686

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,107,703 739,586
SHAREHOLDERS' FUNDS 1,107,803 739,686

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.

CRAIGDALE CARE LIMITED (REGISTERED NUMBER: 05532633)

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


CRAIGDALE CARE LIMITED (REGISTERED NUMBER: 05532633)

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

1. STATUTORY INFORMATION

Craigdale Care 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 represents gross fee income charged during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

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.
Freehold property - Straight line over 50 years
Improvements to property - Straight line over 10 years
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on cost

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.

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.


CRAIGDALE CARE LIMITED (REGISTERED NUMBER: 05532633)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 87 (2023 - 87 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 841,921
AMORTISATION
At 1 August 2023 455,438
Charge for year 42,100
At 31 July 2024 497,538
NET BOOK VALUE
At 31 July 2024 344,383
At 31 July 2023 386,483

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2023 500,000 585,211 -
Additions - 450,458 3,999
At 31 July 2024 500,000 1,035,669 3,999
DEPRECIATION
At 1 August 2023 95,000 246,603 -
Charge for year 10,000 80,683 800
At 31 July 2024 105,000 327,286 800
NET BOOK VALUE
At 31 July 2024 395,000 708,383 3,199
At 31 July 2023 405,000 338,608 -

CRAIGDALE CARE LIMITED (REGISTERED NUMBER: 05532633)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 348,770 94,137 7,418 1,535,536
Additions 99,411 - 549 554,417
At 31 July 2024 448,181 94,137 7,967 2,089,953
DEPRECIATION
At 1 August 2023 297,707 36,116 2,833 678,259
Charge for year 39,446 3,376 1,194 135,499
At 31 July 2024 337,153 39,492 4,027 813,758
NET BOOK VALUE
At 31 July 2024 111,028 54,645 3,940 1,276,195
At 31 July 2023 51,063 58,021 4,585 857,277

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 242,367 120,599
Amounts owed by group undertakings 2,111,450 1,414,432
Other debtors 28,089 474,790
2,381,906 2,009,821

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,651 7,274
Trade creditors 67,431 79,721
Amounts owed to group undertakings 3,422,273 2,817,096
Taxation and social security 183,975 280,826
Other creditors 177,439 175,819
3,861,769 3,360,736

Other creditors include hire purchase liabilities of £24,175 (2021 - £27,921). These liabilities are secured over the assets to which they relate.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 43,324 36,201
Other creditors - 16,531
43,324 52,732

CRAIGDALE CARE LIMITED (REGISTERED NUMBER: 05532633)

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

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102, not to disclose related party transactions with fellow group companies.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Butt and Mrs S Butt.

The company is a subsidiary of Geniecare Homes Limited, registered in the UK under reference 09201886.

The ultimate controlling parties are Mr R Butt and Mrs S Butt.