REGISTERED NUMBER: |
SOUTHFIELD COURT CARE HOME LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2024 TO 31 OCTOBER 2024 |
REGISTERED NUMBER: |
SOUTHFIELD COURT CARE HOME LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2024 TO 31 OCTOBER 2024 |
SOUTHFIELD COURT CARE HOME LIMITED (REGISTERED NUMBER: 14812082) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 January 2024 to 31 October 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SOUTHFIELD COURT CARE HOME LIMITED |
COMPANY INFORMATION |
for the period 1 January 2024 to 31 October 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Vernon House |
40 New North Road |
Huddersfield |
West Yorkshire |
HD1 5LS |
SOUTHFIELD COURT CARE HOME LIMITED (REGISTERED NUMBER: 14812082) |
BALANCE SHEET |
31 October 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
SOUTHFIELD COURT CARE HOME LIMITED (REGISTERED NUMBER: 14812082) |
BALANCE SHEET - continued |
31 October 2024 |
The financial statements were approved by the director and authorised for issue on |
SOUTHFIELD COURT CARE HOME LIMITED (REGISTERED NUMBER: 14812082) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 January 2024 to 31 October 2024 |
1. | STATUTORY INFORMATION |
Southfield Court Care Home Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is invoiced sales of services, which are recognised when the services are provided. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Financial instruments |
Financial instruments are recognised when the company becomes party to the contractual provisions of the |
instrument. |
Basic financial assets, which include trade and other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs. |
Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of |
impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the |
impairment is reversed in profit or loss. |
Financial liabilities are classified depending on the substance of the contractual arrangements entered into. |
Basic financial liabilities, including trade and other creditors, bank loans, accruals and amounts owed to group undertakings, are initially recognised at transaction price. |
Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire. |
SOUTHFIELD COURT CARE HOME LIMITED (REGISTERED NUMBER: 14812082) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 January 2024 to 31 October 2024 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 period 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. |
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 period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31 October 2024 |
AMORTISATION |
Charge for period |
At 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
SOUTHFIELD COURT CARE HOME LIMITED (REGISTERED NUMBER: 14812082) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 January 2024 to 31 October 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
Additions |
At 31 October 2024 |
DEPRECIATION |
Charge for period |
At 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | SECURED DEBTS |
The bank loan is secured by several guarantees and charges. A personal guarantee of £250,000, plus interest and any applicable charges, is provided by the director. |
The loan is also secured by guarantees from Astley Grange Care Home Ltd, White Rose House Care Home Ltd, and Southfield Court Care Home Ltd, each for £2,900,000, plus interest and any applicable charges. |
In addition, the loan is secured by a fixed and floating charge over all assets, business undertakings, and rights of Astley Grange Care Home Ltd, White Rose House Care Home Ltd, and Southfield Court Care Home Ltd. The loan is further secured by a fixed charge over the properties held by these entities. |
9. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax | 427 | - |
SOUTHFIELD COURT CARE HOME LIMITED (REGISTERED NUMBER: 14812082) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 January 2024 to 31 October 2024 |
9. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Provided during period |
Balance at 31 October 2024 |
10. | RELATED PARTY DISCLOSURES |
Included within creditors is an amount of £224,682 owed to Astley Grange Care Home Ltd, £13,469 owed to White Rose House Care Home Ltd, and £1,611,680 owed to Mulberry Care Homes Ltd. |
These companies, along with the reporting entity, are under the ownership of Mulberry Care Homes Ltd, in which the director holds a 100% shareholding. The loans are interest-free and are repayable on demand. |