Registered number
06370054
SAXON LODGE CARE LIMITED
Filleted Accounts
30 June 2024
SAXON LODGE CARE LIMITED
Registered number: 06370054
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,162,102 1,162,102
Current assets
Debtors 4 194,570 136,865
Cash at bank and in hand 27,056 25,895
221,626 162,760
Creditors: amounts falling due within one year 5 (65,947) (63,400)
Net current assets 155,679 99,360
Total assets less current liabilities 1,317,781 1,261,462
Creditors: amounts falling due after more than one year 6 (529,173) (579,414)
Net assets 788,608 682,048
Capital and reserves
Called up share capital 100 100
Profit and loss account 788,508 681,948
Shareholder's funds 788,608 682,048
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 24 March 2025
SAXON LODGE CARE 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 July 2023 1,162,102
At 30 June 2024 1,162,102
Historical cost
At 1 July 2023 1,162,102
At 30 June 2024 1,162,102
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 194,570 136,865
Amounts due after more than one year included above 193,220 193,220
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 52,288 49,973
Taxation and social security costs 3,073 2,896
Other creditors 10,586 10,531
65,947 63,400
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 529,173 579,414
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 285,710 347,894
Secured bank loans 581,460 678,303
Legal and general charge over Saxon Lodge Residential Home Ltd, 30-32 western avenue bridge, Canterbury,Kent CT4 5LT.
8 Controlling party
Mrs Y Paneandee owns 100% of issued share capital of the Company.
9 Other information
SAXON LODGE CARE 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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