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REGISTERED NUMBER: 05474448 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

SYNE HILLS CARE HOME LIMITED

SYNE HILLS CARE HOME LIMITED (REGISTERED NUMBER: 05474448)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SYNE HILLS CARE HOME LIMITED

Company Information
for the year ended 31 July 2024







Directors: Mr C M Sweeney
Mrs K Sweeney





Secretary: Mr C M Sweeney





Registered office: Syne Hills Residential Home
Syne Avenue
Skegness
Lincolnshire
PE25 3DJ





Registered number: 05474448 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

SYNE HILLS CARE HOME LIMITED (REGISTERED NUMBER: 05474448)

Statement of Financial Position
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 82,734 69,771

Current assets
Stocks 1,850 1,769
Debtors 5 18,685 18,832
Cash at bank and in hand 193,478 124,302
214,013 144,903
Creditors
Amounts falling due within one year 6 54,893 37,436
Net current assets 159,120 107,467
Total assets less current liabilities 241,854 177,238

Provisions for liabilities 12,071 9,584
Net assets 229,783 167,654

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 229,683 167,554
Shareholders' funds 229,783 167,654

SYNE HILLS CARE HOME LIMITED (REGISTERED NUMBER: 05474448)

Statement of Financial Position - continued
31 July 2024


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.

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 18 February 2025 and were signed on its behalf by:





Mr C M Sweeney - Director


SYNE HILLS CARE HOME LIMITED (REGISTERED NUMBER: 05474448)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

Syne Hills 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Tenants fixtures - 4% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

SYNE HILLS CARE HOME LIMITED (REGISTERED NUMBER: 05474448)

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 37 (2023 - 36 ) .

4. Tangible fixed assets
Fixtures
Tenants Plant and and
fixtures machinery fittings
£ £ £
Cost
At 1 August 2023 28,243 9,028 140,557
Additions - - 23,150
At 31 July 2024 28,243 9,028 163,707
Depreciation
At 1 August 2023 7,908 3,484 113,392
Charge for year 1,130 831 4,075
At 31 July 2024 9,038 4,315 117,467
Net book value
At 31 July 2024 19,205 4,713 46,240
At 31 July 2023 20,335 5,544 27,165

Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 August 2023 43,781 499 222,108
Additions - - 23,150
At 31 July 2024 43,781 499 245,258
Depreciation
At 1 August 2023 27,360 193 152,337
Charge for year 4,105 46 10,187
At 31 July 2024 31,465 239 162,524
Net book value
At 31 July 2024 12,316 260 82,734
At 31 July 2023 16,421 306 69,771

The net book value of tangible fixed assets includes £ 1,191 (2023 - £ 1,401 ) in respect of assets held under hire purchase contracts or finance leases.

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 7,166 7,885
Prepayments and accrued income 11,519 10,947
18,685 18,832

SYNE HILLS CARE HOME LIMITED (REGISTERED NUMBER: 05474448)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 36,006 18,538
Corporation tax - (7,374 )
Social security and other taxes - 7,252
Directors' loan accounts 18,887 19,020
54,893 37,436

7. Secured debts

The hire purchase liability is secured on the asset financed.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

9. Reserves
Retained
earnings
£

At 1 August 2023 167,554
Profit for the year 62,129
At 31 July 2024 229,683