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Company registration number: 14199654
The Windmill Care Home Limited
Trading as The Windmill Care Home
Unaudited filleted financial statements
30 June 2024
The Windmill Care Home Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
The Windmill Care Home Limited
Directors and other information
Directors Mr K A Patel
Mrs C K Patel
Mr C K Patel
Company number 14199654
Registered office Main Road
Rollesby
Norfolk
NR29 5ER
Business address Main Road
Rollesby
Great Yarmouth
NR29 5ER
Accountants Hindocha Pandit & Co Limited
34 Queensbury Station Parade
Edgware
Middlesex
HA8 5NN
The Windmill Care Home Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of The Windmill Care Home Limited
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Windmill Care Home Limited for the year ended 30 June 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of The Windmill Care Home Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Windmill Care Home Limited and state those matters that we have agreed to state to the board of directors of The Windmill Care Home Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Windmill Care Home Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that The Windmill Care Home Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Windmill Care Home Limited. You consider that The Windmill Care Home Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Windmill Care Home Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hindocha Pandit & Co Limited
Chartered Certified Accountants & Chartered Tax Advisors
34 Queensbury Station Parade
Edgware
Middlesex
HA8 5NN
21 March 2025
The Windmill Care Home Limited
Statement of financial position
30 June 2024
30/06/24 30/06/23
Note £ £ £ £
Fixed assets
Intangible assets 5 450,000 450,000
Tangible assets 6 2,759,911 2,670,585
_______ _______
3,209,911 3,120,585
Current assets
Stocks 12,000 8,000
Debtors 7 37,575 70,715
Cash at bank and in hand 49,319 11,279
_______ _______
98,894 89,994
Creditors: amounts falling due
within one year 8 ( 2,248,094) ( 2,353,530)
_______ _______
Net current liabilities ( 2,149,200) ( 2,263,536)
_______ _______
Total assets less current liabilities 1,060,711 857,049
Creditors: amounts falling due
after more than one year 9 ( 877,077) ( 836,486)
_______ _______
Net assets 183,634 20,563
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 183,534 20,463
_______ _______
Shareholders funds 183,634 20,563
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 21 March 2025 , and are signed on behalf of the board by:
Mr K A Patel
Director
Company registration number: 14199654
The Windmill Care Home Limited
Statement of changes in equity
Year ended 30 June 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2022 - - -
Profit for the year 20,463 20,463
_______ _______ _______
Total comprehensive income for the year - 20,463 20,463
Issue of shares 100 100
_______ _______ _______
Total investments by and distributions to owners 100 - 100
_______ _______ _______
At 30 June 2023 and 1 July 2023 100 20,463 20,563
Profit for the year 163,071 163,071
_______ _______ _______
Total comprehensive income for the year - 163,071 163,071
_______ _______ _______
At 30 June 2024 100 183,534 183,634
_______ _______ _______
The Windmill Care Home Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Windmill Care Home, Main Road, Rollesby, Norfolk, NR29 5ER.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Goodwill
The company's accounting policy is to capiotalise purchased goodwill. The direcotr's consider it inappropraitye to amortise it's value.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 0 %
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 0 %
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
Freehold Property
No depreciation is provided on the freehold property as the company follows a programme of regular maintenance of its premises which includes the reinstatement of the fabric where necessary. Therefore in the opinion of the director'sthe company's leasehold premises have an indefinte economic life and sonsequently any charge to amortisation would be immaterial. The Directors consider that this accounting policy is necessary for the financial statements to give a true and fair view.
4. Staff costs
The average number of persons employed by the company during the year amounted to 39 (2023: 39 ).
The aggregate payroll costs incurred during the year were:
Period Year
ended ended
30/06/24 30/06/23
£ £
Wages and salaries 753,099 195,014
Social security costs 45,551 2,242
Other pension costs 24,146 210
_______ _______
822,796 197,466
_______ _______
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 July 2023 and 30 June 2024 450,000 450,000
_______ _______
Amortisation
At 1 July 2023 and 30 June 2024 - -
_______ _______
Carrying amount
At 30 June 2024 450,000 450,000
_______ _______
At 30 June 2023 450,000 450,000
_______ _______
6. Tangible assets
Freehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 2,500,000 104,147 76,739 2,680,886
Additions - 6,443 118,950 125,393
_______ _______ _______ _______
At 30 June 2024 2,500,000 110,590 195,689 2,806,279
_______ _______ _______ _______
Depreciation
At 1 July 2023 - 3,906 6,395 10,301
Charge for the year - 16,003 20,064 36,067
_______ _______ _______ _______
At 30 June 2024 - 19,909 26,459 46,368
_______ _______ _______ _______
Carrying amount
At 30 June 2024 2,500,000 90,681 169,230 2,759,911
_______ _______ _______ _______
At 30 June 2023 2,500,000 100,241 70,344 2,670,585
_______ _______ _______ _______
7. Debtors
30/06/24 30/06/23
£ £
Trade debtors 29,658 64,060
Other debtors 7,917 6,655
_______ _______
37,575 70,715
_______ _______
8. Creditors: amounts falling due within one year
30/06/24 30/06/23
£ £
Trade creditors 12,487 27,033
Corporation tax 30,572 -
Social security and other taxes 15,532 6,426
Other creditors 2,189,503 2,320,071
_______ _______
2,248,094 2,353,530
_______ _______
9. Creditors: amounts falling due after more than one year
30/06/24 30/06/23
£ £
Bank loans and overdrafts 721,830 777,446
Other creditors 155,247 59,040
_______ _______
877,077 836,486
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Period ended 30/06/24
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr K A Patel ( 673,162) - 57,686 ( 615,476)
Mrs C K Patel ( 673,162) - 57,686 ( 615,476)
Mr C K Patel ( 897,549) - 42,874 ( 854,675)
_______ _______ _______ _______
( 2,243,873) - 158,246 ( 2,085,627)
_______ _______ _______ _______
Year ended 30/06/23
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr K A Patel - ( 673,162) - ( 673,162)
Mrs C K Patel - ( 673,162) - ( 673,162)
Mr C K Patel - ( 897,549) - ( 897,549)
_______ _______ _______ _______
- ( 2,243,873) - ( 2,243,873)
_______ _______ _______ _______
11. Controlling party
During the year the company was under the control of Mr K and Mrs C Patel the director's and shareholders of the company.