Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Mr P E J Wintershoven 21/03/2016 Mrs M E W Wintershoven-Kramer 21/03/2016 27 March 2025 The principal activity of the Company during the financial year was that of the operation of a residential care home. 10074979 2024-08-31 10074979 bus:Director1 2024-08-31 10074979 bus:Director2 2024-08-31 10074979 2023-08-31 10074979 core:CurrentFinancialInstruments 2024-08-31 10074979 core:CurrentFinancialInstruments 2023-08-31 10074979 core:Non-currentFinancialInstruments 2024-08-31 10074979 core:Non-currentFinancialInstruments 2023-08-31 10074979 core:ShareCapital 2024-08-31 10074979 core:ShareCapital 2023-08-31 10074979 core:RetainedEarningsAccumulatedLosses 2024-08-31 10074979 core:RetainedEarningsAccumulatedLosses 2023-08-31 10074979 core:Goodwill 2023-08-31 10074979 core:Goodwill 2024-08-31 10074979 core:LandBuildings 2023-08-31 10074979 core:OtherPropertyPlantEquipment 2023-08-31 10074979 core:LandBuildings 2024-08-31 10074979 core:OtherPropertyPlantEquipment 2024-08-31 10074979 bus:OrdinaryShareClass1 2024-08-31 10074979 bus:OrdinaryShareClass2 2024-08-31 10074979 2023-09-01 2024-08-31 10074979 bus:FilletedAccounts 2023-09-01 2024-08-31 10074979 bus:SmallEntities 2023-09-01 2024-08-31 10074979 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10074979 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10074979 bus:Director1 2023-09-01 2024-08-31 10074979 bus:Director2 2023-09-01 2024-08-31 10074979 core:Goodwill core:TopRangeValue 2023-09-01 2024-08-31 10074979 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 10074979 2022-09-01 2023-08-31 10074979 core:Goodwill 2023-09-01 2024-08-31 10074979 core:LandBuildings 2023-09-01 2024-08-31 10074979 core:Non-currentFinancialInstruments 2023-09-01 2024-08-31 10074979 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 10074979 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 10074979 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 10074979 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10074979 (England and Wales)

ORANGE CARE - GRANGE LEA LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

ORANGE CARE - GRANGE LEA LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

ORANGE CARE - GRANGE LEA LIMITED

BALANCE SHEET

As at 31 August 2024
ORANGE CARE - GRANGE LEA LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 98,000 147,000
Tangible assets 4 1,468,741 1,375,633
1,566,741 1,522,633
Current assets
Stocks 5,000 5,000
Debtors 5 36,337 24,420
Cash at bank and in hand 725,921 578,367
767,258 607,787
Creditors: amounts falling due within one year 6 ( 279,119) ( 263,509)
Net current assets 488,139 344,278
Total assets less current liabilities 2,054,880 1,866,911
Creditors: amounts falling due after more than one year 7 ( 311,147) ( 424,747)
Provision for liabilities ( 20,923) ( 2,960)
Net assets 1,722,810 1,439,204
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account 1,722,808 1,439,202
Total shareholder's funds 1,722,810 1,439,204

For the financial year ending 31 August 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 Orange Care - Grange Lea Limited (registered number: 10074979) were approved and authorised for issue by the Board of Directors on 27 March 2025. They were signed on its behalf by:

Mrs M E W Wintershoven-Kramer
Director
Mr P E J Wintershoven
Director
ORANGE CARE - GRANGE LEA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
ORANGE CARE - GRANGE LEA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

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

General information and basis of accounting

Orange Care - Grange Lea 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 Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is Grange Lea Residential Home, 38 Preston Down Road, Paignton, Devon, TQ3 2RL.

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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

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
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 reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 25 % reducing balance

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.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 24 40

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 September 2023 490,000 490,000
At 31 August 2024 490,000 490,000
Accumulated amortisation
At 01 September 2023 343,000 343,000
Charge for the financial year 49,000 49,000
At 31 August 2024 392,000 392,000
Net book value
At 31 August 2024 98,000 98,000
At 31 August 2023 147,000 147,000

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 September 2023 1,363,796 52,644 1,416,440
Additions 35,413 80,877 116,290
At 31 August 2024 1,399,209 133,521 1,532,730
Accumulated depreciation
At 01 September 2023 0 40,807 40,807
Charge for the financial year 0 23,182 23,182
At 31 August 2024 0 63,989 63,989
Net book value
At 31 August 2024 1,399,209 69,532 1,468,741
At 31 August 2023 1,363,796 11,837 1,375,633

5. Debtors

2024 2023
£ £
Trade debtors 28,923 18,591
Amounts owed by Group undertakings 735 0
Other debtors 6,679 5,829
36,337 24,420

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 117,732 121,864
Trade creditors 25,874 29,096
Amounts owed to directors 936 0
Accruals and deferred income 21,121 6,805
Taxation and social security 109,372 102,297
Other creditors 4,084 3,447
279,119 263,509

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

2024 2023
£ £
Bank loans 311,147 424,747

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

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary A shares shares of £ 0.001 each 1 1
1,000 Oridnary B shares ordinary shares of £ 0.001 each 1 1
2 2

9. Ultimate controlling party

Parent Company:

Orange Care Holding B.V
Prinses Marielaan 32
Wassenaar
2242 CL
Netherlands