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REGISTERED NUMBER: 05415389 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Gabriel Care Homes Ltd

Gabriel Care Homes Ltd (Registered number: 05415389)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Gabriel Care Homes Ltd

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr P S Garcha
Mrs B Garcha





SECRETARY: Mr P S Garcha





REGISTERED OFFICE: Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 05415389 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Gabriel Care Homes Ltd (Registered number: 05415389)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 62,767
Investment property 5 2,500,000 2,500,000
2,500,000 2,562,767

CURRENT ASSETS
Debtors 6 - 53,035
Cash at bank 345,018 341,356
345,018 394,391
CREDITORS
Amounts falling due within one year 7 15,582 10,572
NET CURRENT ASSETS 329,436 383,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,829,436

2,946,586

PROVISIONS FOR LIABILITIES 387,501 387,501
NET ASSETS 2,441,935 2,559,085

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,441,835 2,558,985
SHAREHOLDERS' FUNDS 2,441,935 2,559,085

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.

Gabriel Care Homes Ltd (Registered number: 05415389)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





Mr P S Garcha - Director


Gabriel Care Homes Ltd (Registered number: 05415389)

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

1. STATUTORY INFORMATION

Gabriel Care Homes Ltd 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 applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 Section 1A") and with the Companies Act 2006. The financial statements have been prepared under the historical cost basis.

The financial statements are presented in Sterling (£) and are prepared to 31 March each year. The company ceased trading on the 22 September 2022 and subsequently became a property letting company. The comparatives have been made up for the period from 23 September 2022 to 31 March 2023 and are therefore not entirely comparable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance and 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No depreciation is provided.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Gabriel Care Homes Ltd (Registered number: 05415389)

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

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at undiscounted cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at undiscounted cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 86,059 106,958 193,017
Disposals (86,059 ) (106,958 ) (193,017 )
At 31 March 2024 - - -
DEPRECIATION
At 1 April 2023 63,576 66,674 130,250
Eliminated on disposal (63,576 ) (66,674 ) (130,250 )
At 31 March 2024 - - -
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 22,483 40,284 62,767

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,500,000
NET BOOK VALUE
At 31 March 2024 2,500,000
At 31 March 2023 2,500,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 1,487,233
Cost 1,012,767
2,500,000

Gabriel Care Homes Ltd (Registered number: 05415389)

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

5. INVESTMENT PROPERTY - continued

If the investment had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,012,767 1,012,767

The directors regard the value of the investment to be an appropriate approximation of the fair value of the property as at the year end, having given due regard to the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location, or condition of the specific asset.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 53,035

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,359
Other creditors 15,582 9,213
15,582 10,572

8. FINANCIAL INSTRUMENTS

The company does not have significant exposure to liquidity, cash flow, foreign currency and interest rate risks due to the nature of its trade. Exposure to foreign currency, credit and market risks arise in the normal course of the company's business. These risks are limited by the company's financial management policies and practices described below.

Credit risk
The company has exposure to credit risks predominately emanating from its customers. The company's exposure and it's customers credit worthiness is monitored so that any potential problems are detected at an early stage. Regular billing helps to ensure that the exposure to credit risk is minimised.

Market risk
There is a market risk associated with the fluctuation in demand for the services provided by the company. Most of this is mitigated by monitoring the markets to ensure that overheads and costs are tailored to the demand for the services offered.

The company holds no derivative financial instruments at the year end.

9. CALLED UP SHARE CAPITAL

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

Gabriel Care Homes Ltd (Registered number: 05415389)

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

10. ULTIMATE CONTROLLING PARTY

Ultimate control rests with PJ Holdings (Kettering) Ltd, whose principal place of business and registered office is 1 Cranford Road, Barton Seagrave, Kettering, Northants, United Kingdom, NN15 6RH.