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REGISTERED NUMBER: 02072253 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Heathfields Residential Homes Limited

Heathfields Residential Homes Limited (Registered number: 02072253)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Heathfields Residential Homes Limited (Registered number: 02072253)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 735,680 740,531

CURRENT ASSETS
Stocks 1,250 1,250
Debtors 5 677,993 430,514
Cash at bank and in hand 30,180 87,689
709,423 519,453
CREDITORS
Amounts falling due within one year 6 173,597 50,652
NET CURRENT ASSETS 535,826 468,801
TOTAL ASSETS LESS CURRENT LIABILITIES 1,271,506 1,209,332

PROVISIONS FOR LIABILITIES 6,663 6,663
NET ASSETS 1,264,843 1,202,669

CAPITAL AND RESERVES
Called up share capital 7 46,000 46,000
Share premium 8 79,200 79,200
Retained earnings 8 1,139,643 1,077,469
1,264,843 1,202,669

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 January 2025 and were signed on its behalf by:





J Babu - Director


Heathfields Residential Homes Limited (Registered number: 02072253)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Heathfields Residential Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02072253

Registered office: 36 Ground Floor Charles Street
Newport
NP20 1JT

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.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 26 ).

Heathfields Residential Homes Limited (Registered number: 02072253)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 913,814 145,974 1,059,788
DEPRECIATION
At 1 April 2023 205,632 113,624 319,256
Charge for year - 4,852 4,852
At 31 March 2024 205,632 118,476 324,108
NET BOOK VALUE
At 31 March 2024 708,182 27,498 735,680
At 31 March 2023 708,182 32,350 740,532

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors (6,738 ) 256
Other debtors 684,731 430,258
677,993 430,514

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 60,544 1,158
Taxation and social security 67,457 41,865
Other creditors 45,596 7,629
173,597 50,652

7. CALLED UP SHARE CAPITAL

Issued, called up and fully paid


2023 2023 2022 2022
No. £    No. £   
'A' Ordinary shares of £1 each 20,450 20,450 20,450 20,450
'B' Ordinary shares of £1 each 10,125 10,125 10,125 10,125
'C' Ordinary shares of £1 each 10,125 10,125 10,125 10,125
'D' Ordinary shares of £1 each 5,300 5,300 5,300 5,300
46,000 46,000 46,000 46,000

Heathfields Residential Homes Limited (Registered number: 02072253)

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

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 1,077,470 79,200 1,156,670
Profit for the year 62,173 62,173
At 31 March 2024 1,139,643 79,200 1,218,843

Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs.