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REGISTERED NUMBER: 08334406 (England and Wales)















ASTLEY GRANGE CARE HOME LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024






ASTLEY GRANGE CARE HOME LIMITED (REGISTERED NUMBER: 08334406)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASTLEY GRANGE CARE HOME LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTOR: P S Banwait





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 08334406 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

ASTLEY GRANGE CARE HOME LIMITED (REGISTERED NUMBER: 08334406)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,114,935 1,123,963

CURRENT ASSETS
Stocks 551 551
Debtors 5 996,550 1,698,484
Cash at bank and in hand 164,264 64,720
1,161,365 1,763,755
CREDITORS
Amounts falling due within one year 6 (167,412 ) (936,844 )
NET CURRENT ASSETS 993,953 826,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,108,888

1,950,874

PROVISIONS FOR LIABILITIES 8 (51,894 ) (51,602 )
NET ASSETS 2,056,994 1,899,272

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 2,056,991 1,899,269
SHAREHOLDERS' FUNDS 2,056,994 1,899,272

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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.

ASTLEY GRANGE CARE HOME LIMITED (REGISTERED NUMBER: 08334406)

BALANCE SHEET - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 March 2025 and were signed by:





P S Banwait - Director


ASTLEY GRANGE CARE HOME LIMITED (REGISTERED NUMBER: 08334406)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024


1. STATUTORY INFORMATION

Astley Grange 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 invoiced sales of services, which are recognised when the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on cost
Plant and machinery etc - 20% 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.

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.


ASTLEY GRANGE CARE HOME LIMITED (REGISTERED NUMBER: 08334406)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


2. ACCOUNTING POLICIES - continued
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 57 (2023 - 52 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 1,148,831 153,844 1,302,675
Additions - 18,012 18,012
At 31 October 2024 1,148,831 171,856 1,320,687
DEPRECIATION
At 1 November 2023 122,660 56,052 178,712
Charge for year 11,402 15,638 27,040
At 31 October 2024 134,062 71,690 205,752
NET BOOK VALUE
At 31 October 2024 1,014,769 100,166 1,114,935
At 31 October 2023 1,026,171 97,792 1,123,963

ASTLEY GRANGE CARE HOME LIMITED (REGISTERED NUMBER: 08334406)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,283 23,328
Amounts owed by group undertakings 849,641 1,573,559
Other debtors 103,626 101,597
996,550 1,698,484

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 463,435
Trade creditors 15,193 20,656
Taxation and social security 83,821 183,150
Other creditors 68,398 269,603
167,412 936,844

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 463,435
Bank loan 450,000 -
450,000 463,435

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.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 51,894 51,602

ASTLEY GRANGE CARE HOME LIMITED (REGISTERED NUMBER: 08334406)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 51,602
Provided during year 292
Balance at 31 October 2024 51,894

9. RELATED PARTY DISCLOSURES

Debtors includes a £75,000 loan to Dyson Housing Ltd. The loan is interest free and is repayable on demand.

Included within debtors is an amount of £224,682 (2023 £173,873) owed from Southfield Court Care Home Ltd, an amount of £145,243 (2023 £1,399,685) owed from White Rose House Care Home Ltd and, £484,125 owed from Mulberry Care Homes Limited.

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.