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Company No: 07223109 (England and Wales)

WHITE ROCK NURSING HOME LIMITED

Unaudited Financial Statements
For the financial period from 01 July 2023 to 31 July 2024
Pages for filing with the registrar

WHITE ROCK NURSING HOME LIMITED

Unaudited Financial Statements

For the financial period from 01 July 2023 to 31 July 2024

Contents

WHITE ROCK NURSING HOME LIMITED

BALANCE SHEET

As at 31 July 2024
WHITE ROCK NURSING HOME LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 31.07.2024 30.06.2023
£ £
Fixed assets
Tangible assets 4 1,073,536 1,078,682
1,073,536 1,078,682
Current assets
Stocks 3,500 1,860
Debtors 5 154,438 215,069
Cash at bank and in hand 358,204 161,513
516,142 378,442
Creditors: amounts falling due within one year 6 ( 239,979) ( 214,653)
Net current assets 276,163 163,789
Total assets less current liabilities 1,349,699 1,242,471
Creditors: amounts falling due after more than one year 7 ( 977,571) ( 1,072,461)
Net assets 372,128 170,010
Capital and reserves
Called-up share capital 2 2
Profit and loss account 372,126 170,008
Total shareholders' funds 372,128 170,010

For the financial period ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of White Rock Nursing Home Limited (registered number: 07223109) were approved and authorised for issue by the Board of Directors on 14 March 2025. They were signed on its behalf by:

D A Price
Director
S A Price
Director
WHITE ROCK NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2023 to 31 July 2024
WHITE ROCK NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2023 to 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

White Rock Nursing Home Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 15 Chestnut Avenue, Barton-On-Sea, New Milton, BH25 7BQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

Reporting period length is a long period of 13 months from 1 July 2023 to 31 July 2024.

Turnover

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Fixtures and fittings 20 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

Period from
01.07.2023 to
31.07.2024
Year ended
30.06.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 42 39

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 July 2023 1,100,000 1,100,000
At 31 July 2024 1,100,000 1,100,000
Accumulated amortisation
At 01 July 2023 1,100,000 1,100,000
At 31 July 2024 1,100,000 1,100,000
Net book value
At 31 July 2024 0 0
At 30 June 2023 0 0

4. Tangible assets

Land and buildings Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 July 2023 1,044,688 153,914 1,582 1,200,184
Additions 0 2,208 969 3,177
At 31 July 2024 1,044,688 156,122 2,551 1,203,361
Accumulated depreciation
At 01 July 2023 0 120,878 624 121,502
Charge for the financial period 0 7,562 761 8,323
At 31 July 2024 0 128,440 1,385 129,825
Net book value
At 31 July 2024 1,044,688 27,682 1,166 1,073,536
At 30 June 2023 1,044,688 33,036 958 1,078,682

5. Debtors

31.07.2024 30.06.2023
£ £
Trade debtors 132,753 193,439
Deferred tax asset 15,759 12,775
Other debtors 5,926 8,855
154,438 215,069

6. Creditors: amounts falling due within one year

31.07.2024 30.06.2023
£ £
Bank loans 0 56,083
Trade creditors 6,266 16,655
Taxation and social security 80,031 35,832
Other creditors 153,682 106,083
239,979 214,653

7. Creditors: amounts falling due after more than one year

31.07.2024 30.06.2023
£ £
Bank loans 0 359,145
Amounts owed to Group undertakings 977,571 0
Other creditors 0 713,316
977,571 1,072,461

There are no amounts included above in respect of which any security has been given by the small entity.