Registered number
10683519
Newhaven Care Limited
Filleted Accounts
For the year ended 31 October 2024
Newhaven Care Limited
Registered number: 10683519
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 2,314,939 2,322,912
Current assets
Debtors 5 94,396 423,742
Cash at bank and in hand 860,421 371,184
954,817 794,926
Creditors: amounts falling due within one year 6 (1,000,779) (815,921)
Net current liabilities (45,962) (20,995)
Total assets less current liabilities 2,268,977 2,301,917
Creditors: amounts falling due after more than one year 7 (772,266) (854,979)
Provisions for liabilities (7,819) (9,812)
Net assets 1,488,892 1,437,126
Capital and reserves
Called up share capital 150 150
Profit and loss account 1,488,742 1,436,976
Shareholders' funds 1,488,892 1,437,126
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 Shabbir Merali
Director
Approved by the board on 17 March 2025
Newhaven Care Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Turnover
Turnover represents the value of the fees receivable in respect of services rendered to our residents.
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 evenly over its expected useful life, as follows:
Freehold buildings Nil
Motor vehicles over 5 years
Fixtures & fittings over 5 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Opinder Singh Sawhney
Firm: Sawhney Consulting
Date of audit report: 17 March 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 59 48
4 Tangible fixed assets
Land and buildings Fixtures & fittings Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 2,283,661 56,011 46,797 2,386,469
Additions - - 3,000 3,000
At 31 October 2024 2,283,661 56,011 49,797 2,389,469
Depreciation
At 1 November 2023 - 39,098 24,459 63,557
Charge for the year - 4,399 6,574 10,973
At 31 October 2024 - 43,497 31,033 74,530
Net book value
At 31 October 2024 2,283,661 12,514 18,764 2,314,939
At 31 October 2023 2,283,661 16,913 22,338 2,322,912
5 Debtors 2024 2023
£ £
Trade debtors 33,948 299,119
Prepayments and accrued income 16,444 45,651
Other debtors 44,004 78,972
94,396 423,742
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 154,063 154,063
Trade creditors 12,818 6,398
Taxation and social security costs 584,396 465,886
Other creditors 249,502 189,574
1,000,779 815,921
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 772,266 854,979
Bank Loan is secured by mortgage debenture, first legal charge over the freehold property owned by the company.
8 Comparable figures
Previous year figures have been regrouped or rearranged to make them comparable with current year figures.
9 Other information
Newhaven Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
Citibase Watford,
42-44 Clarendon Road,
Watford,
England,
WD17 1JJ
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