Registered number
01774002
Sunnyside Private Nursing Home Limited
Filleted Accounts
31 May 2024
Sunnyside Private Nursing Home Limited
Registered number: 01774002
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 56,406 12,246
Current assets
Debtors 4 3,361,297 2,980,236
Cash at bank and in hand 13,882 4,644
3,375,179 2,984,880
Creditors: amounts falling due within one year 5 (903,205) (810,387)
Net current assets 2,471,974 2,174,493
Net assets 2,528,380 2,186,739
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,528,280 2,186,639
Shareholder's funds 2,528,380 2,186,739
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M K Gamiet
Director
Approved by the board on 27 February 2025
Sunnyside Private Nursing Home Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration for services received or receivable, recognised in line with performance.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Leasehold buildings 20% reducing balance
Plant and machinery, etc 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 45 45
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 77,514 195,395 48,525 321,434
Additions - - 62,750 62,750
Disposals - - (48,525) (48,525)
At 31 May 2024 77,514 195,395 62,750 335,659
Depreciation
At 1 June 2023 77,072 183,591 48,525 309,188
Charge for the year 110 5,930 12,550 18,590
On disposals - - (48,525) (48,525)
At 31 May 2024 77,182 189,521 12,550 279,253
Net book value
At 31 May 2024 332 5,874 50,200 56,406
At 31 May 2023 442 11,804 - 12,246
4 Debtors 2024 2023
£ £
Trade debtors 34,279 75,210
Amounts owed by group undertakings and undertakings in which the company has a participating interest 3,321,018 2,896,811
Other debtors 6,000 8,215
3,361,297 2,980,236
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 24,670 33,394
Amounts owed to group undertakings and undertakings in which the company has a participating interest 144,048 144,048
Taxation and social security costs 81,114 67,245
Other creditors 653,373 565,700
903,205 810,387
6 Controlling party
The company is a wholly owned subsidiary undertaking of Trustworth Group Limited, whose registered office is: 140 High Street, Iver, Buckinghamshire, SL0 9QA.
7 Other information
Sunnyside Private Nursing Home Limited is a private company limited by shares and incorporated in England. Its registered office is:
140 High Street
Iver
Berks
SL0 9QA
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