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REGISTERED NUMBER: 12961569 (England and Wales)















COUNTRY COURT CARE HOMES 6 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






COUNTRY COURT CARE HOMES 6 LIMITED (REGISTERED NUMBER: 12961569)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 7


COUNTRY COURT CARE HOMES 6 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Kibo Holdings Limited
A Kachra
A A Kachra
A Kachra



SECRETARY: A Kachra



REGISTERED OFFICE: c/o Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR



REGISTERED NUMBER: 12961569 (England and Wales)



SENIOR STATUTORY AUDITOR: Alistair W Main



AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

COUNTRY COURT CARE HOMES 6 LIMITED (REGISTERED NUMBER: 12961569)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,364,170 15,650,000

CURRENT ASSETS
Stocks 21,930 1,846
Debtors 5 6,493,516 6,935,645
Cash at bank 283,977 1,545,256
6,799,423 8,482,747
CREDITORS
Amounts falling due within one year 6 15,846,660 13,156,655
NET CURRENT LIABILITIES (9,047,237 ) (4,673,908 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,316,933 10,976,092

CREDITORS
Amounts falling due after more than one year 7 (5,406,000 ) (5,279,453 )

PROVISIONS FOR LIABILITIES (1,990,717 ) (1,744,110 )
NET ASSETS 1,920,216 3,952,529

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 5,729,728 5,232,330
Retained earnings (3,809,513 ) (1,279,802 )
SHAREHOLDERS' FUNDS 1,920,216 3,952,529

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 5 February 2025 and were signed on its behalf by:





A Kachra - Director


COUNTRY COURT CARE HOMES 6 LIMITED (REGISTERED NUMBER: 12961569)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Country Court Care Homes 6 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 as modified by the revaluation of certain assets.

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 comprises revenue recognised by the company in respect of goods and services supplied during the year. Revenue is recognised in the period in which it is earned and comprises resident fees and other ancillary services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 25 years
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

The directors consider the values shown in the accounts to fairly reflect the current value of the homes as required by FRS102 Section 17. Homes are shown in the accounts at the latest available valuation carried out by the directors. As per FRS102 Section 17 revaluations will be carried out with sufficient regularity such as to ensure that the asset's carrying amount in the statement of financial position does not materially differ from its fair value at the statement of financial position date.

In accordance with FRS102 Section 17, properties are valued using their existing use value, which is the value as fully equipped operational entities having regard to their trading potential.

Any changes to the existing use value are taken to the revaluation reserve within the statement of other comprehensive income unless they are considered permanent and are below cost when they are taken to the profit and loss account.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

COUNTRY COURT CARE HOMES 6 LIMITED (REGISTERED NUMBER: 12961569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee’s benefit from the use of the leased asset.

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.

Going concern
Management continue to react to ongoing challenges in the sector. Inflation will be managed through improved staffing efficiencies in building via capital projects and also the use of technology to improve systems. The group will also work with Local Authorities and communicate with private customers to negotiate proportionate fees.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 123 (2023 - 19 ) .

COUNTRY COURT CARE HOMES 6 LIMITED (REGISTERED NUMBER: 12961569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 15,068,042 649,628 15,717,670
Additions 1,899,020 301,615 2,200,635
Revaluations 744,005 - 744,005
At 31 March 2024 17,711,067 951,243 18,662,310
DEPRECIATION
At 1 April 2023 - 67,670 67,670
Charge for year 9,011 221,459 230,470
At 31 March 2024 9,011 289,129 298,140
NET BOOK VALUE
At 31 March 2024 17,702,056 662,114 18,364,170
At 31 March 2023 15,068,042 581,958 15,650,000

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 15,820,520 685,037 16,505,557
Cost 1,890,547 266,206 2,156,753
17,711,067 951,243 18,662,310

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 8,100,077 8,091,604

Freehold land and buildings were valued on an open market basis on 31 March 2023 by the directors, having taken suitable professional opinion.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 410,526 9,557
Amounts owed by group undertakings 5,691,767 6,918,138
Other debtors 391,223 7,950
6,493,516 6,935,645

COUNTRY COURT CARE HOMES 6 LIMITED (REGISTERED NUMBER: 12961569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 394,843 129,670
Amounts owed to group undertakings 13,428,323 12,851,506
Taxation and social security 253,687 11,010
Other creditors 1,769,807 164,469
15,846,660 13,156,655

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,406,000 5,279,453

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 5,406,000 5,279,453

The company's bank loans are secured by way of a first legal charge over the company property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023 5,232,330
Property revaluation 744,005
Deferred tax (246,607 )

At 31 March 2024 5,729,728

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alistair W Main (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

12. RELATED PARTY DISCLOSURES

During the year the company received a loan of £nil (2023: £2,428) from a company which at least one of the directors had an interest in not concluded under normal market conditions. At the year end £2,428 (2023: £2,428) was owed by the company to related parties.

COUNTRY COURT CARE HOMES 6 LIMITED (REGISTERED NUMBER: 12961569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

13. POST BALANCE SHEET EVENTS

In January 2025, the business disposed of the only freehold property held at 31 March 2024 for £16,282,980.

14. ULTIMATE CONTROLLING PARTY

Kibo Holdings Limited is regarded by the directors as being both the company's parent and ultimate parent company. The registered office address for both companies is: Enterprise Way, Pinchbeck, Spalding, Lincolnshire, PE11 3YR. The accounts for this company can be viewed at Companies House.