Registered number
03781616
SAXON LODGE RESIDENTIAL HOME LIMITED
Filleted Accounts
30 June 2024
SAXON LODGE RESIDENTIAL HOME LIMITED
Registered number: 03781616
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 464,672 491,529
464,673 491,530
Current assets
Stocks 410 335
Debtors 5 359,233 278,510
Cash at bank and in hand 158,912 141,099
518,555 419,944
Creditors: amounts falling due within one year 6 (185,390) (168,223)
Net current assets 333,165 251,721
Total assets less current liabilities 797,838 743,251
Creditors: amounts falling due after more than one year 7 (218,233) (221,881)
Provisions for liabilities (21,005) (18,885)
Net assets 558,600 502,485
Capital and reserves
Called up share capital 10,000 10,000
Share premium 219,265 219,265
Profit and loss account 329,335 273,220
Shareholders' funds 558,600 502,485
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.
Y Paneandee
Director
Approved by the board on 27 March 2025
SAXON LODGE RESIDENTIAL HOME LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 23
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 100,000
At 30 June 2024 100,000
Amortisation
At 1 July 2023 99,999
At 30 June 2024 99,999
Net book value
At 30 June 2024 1
At 30 June 2023 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 637,956 328,625 966,581
At 30 June 2024 637,956 328,625 966,581
Depreciation
At 1 July 2023 246,504 228,548 475,052
Charge for the year 11,759 15,098 26,857
At 30 June 2024 258,263 243,646 501,909
Net book value
At 30 June 2024 379,693 84,979 464,672
At 30 June 2023 391,452 100,077 491,529
5 Debtors 2024 2023
£ £
Trade debtors 105,217 51,766
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 56,355
Other debtors 254,016 170,389
359,233 278,510
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 36,342 66,349
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,350 -
Taxation and social security costs 81,236 22,486
Other creditors 66,462 79,388
185,390 168,223
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,013 28,661
Amounts owed to group undertakings and undertakings in which the company has a participating interest 193,220 193,220
218,233 221,881
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 193,220 193,220
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs Y Paneandee
Intrest Free Loan 141,353 102,425 - 243,778
141,353 102,425 - 243,778
10 Controlling party
Saxon Lodge Care Limited owns 100% of the issued share capital.
11 Other information
SAXON LODGE RESIDENTIAL HOME LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
35 The Drive
Coulsdon,
Surrey
CR5 2BL
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