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REGISTERED NUMBER: 03602568 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THE WORTHIES RESIDENTIAL CARE HOME
LIMITED

THE WORTHIES RESIDENTIAL CARE HOME
LIMITED (REGISTERED NUMBER: 03602568)






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


THE WORTHIES RESIDENTIAL CARE HOME
LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: Mrs S B Butt





SECRETARY: Mr R G Butt





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





REGISTERED NUMBER: 03602568 (England and Wales)





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

THE WORTHIES RESIDENTIAL CARE HOME
LIMITED (REGISTERED NUMBER: 03602568)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,274,047 1,308,258

CURRENT ASSETS
Debtors 5 888,522 959,642
Cash at bank and in hand 670,650 292,747
1,559,172 1,252,389
CREDITORS
Amounts falling due within one year 6 (729,834 ) (719,346 )
NET CURRENT ASSETS 829,338 533,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,103,385

1,841,301

CREDITORS
Amounts falling due after more than one
year

7

(16,112

)

(24,917

)

PROVISIONS FOR LIABILITIES (14,171 ) (14,171 )
NET ASSETS 2,073,102 1,802,213

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 2,073,098 1,802,209
SHAREHOLDERS' FUNDS 2,073,102 1,802,213

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 director acknowledges her 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 WORTHIES RESIDENTIAL CARE HOME
LIMITED (REGISTERED NUMBER: 03602568)

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 director and authorised for issue on 9 January 2025 and were signed by:





Mrs S B Butt - Director


THE WORTHIES RESIDENTIAL CARE HOME
LIMITED (REGISTERED NUMBER: 03602568)

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

1. STATUTORY INFORMATION

The Worthies 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.

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 director is of the opinion that there are no significant judgements or estimations used in preparing the financial statements.

Turnover
Turnover represents net invoiced fees.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

THE WORTHIES RESIDENTIAL CARE HOME
LIMITED (REGISTERED NUMBER: 03602568)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 1,285,470 187,744 24,589 8,675 1,506,478
Additions - 1,457 - 3,618 5,075
At 31 July 2024 1,285,470 189,201 24,589 12,293 1,511,553
DEPRECIATION
At 1 August 2023 56,454 110,548 23,676 7,542 198,220
Charge for year 25,709 11,432 228 1,917 39,286
At 31 July 2024 82,163 121,980 23,904 9,459 237,506
NET BOOK VALUE
At 31 July 2024 1,203,307 67,221 685 2,834 1,274,047
At 31 July 2023 1,229,016 77,196 913 1,133 1,308,258

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,072 106,630
Amounts owed by group undertakings 841,536 843,677
Other debtors 8,914 9,335
888,522 959,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,600 10,648
Trade creditors 12,569 10,570
Amounts owed to group undertakings 543,907 597,659
Taxation and social security 155,056 88,228
Other creditors 8,702 12,241
729,834 719,346

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,112 24,917

THE WORTHIES RESIDENTIAL CARE HOME
LIMITED (REGISTERED NUMBER: 03602568)

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

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemptions under FRS 102, not to disclose related party transactions.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S B Butt.