Registered number
06609777
LYNDHURST REST HOME LIMITED
Filleted Accounts
30 June 2024
LYNDHURST REST HOME LIMITED
Registered number: 06609777
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 527,100 580,650
Tangible assets 4 1,554,219 1,623,469
2,081,319 2,204,119
Current assets
Stocks 3,271 1,871
Debtors 5 860,642 920,794
Cash at bank and in hand 482,975 232,384
1,346,888 1,155,049
Creditors: amounts falling due within one year 6 (403,510) (435,884)
Net current assets 943,378 719,165
Total assets less current liabilities 3,024,697 2,923,284
Creditors: amounts falling due after more than one year 7 (207,513) (217,617)
Provisions for liabilities (11,421) (59,258)
Net assets 2,805,763 2,646,409
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 9 615,030 615,030
Profit and loss account 2,189,733 2,030,379
Shareholder's funds 2,805,763 2,646,409
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 his 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.
Ms N Paneandee
Director
Approved by the board on 20 March 2025
LYNDHURST REST 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 48 38
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 1,071,000
At 30 June 2024 1,071,000
Amortisation
At 1 July 2023 490,350
Provided during the year 53,550
At 30 June 2024 543,900
Net book value
At 30 June 2024 527,100
At 30 June 2023 580,650
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 1,677,296 708,866 51,999 2,438,161
Additions - 19,163 - 19,163
At 30 June 2024 1,677,296 728,029 51,999 2,457,324
Depreciation
At 1 July 2023 193,606 610,330 10,756 814,692
Charge for the year 30,997 44,417 12,999 88,413
At 30 June 2024 224,603 654,747 23,755 903,105
Net book value
At 30 June 2024 1,452,693 73,282 28,244 1,554,219
At 30 June 2023 1,483,690 98,536 41,243 1,623,469
5 Debtors 2024 2023
£ £
Trade debtors 101,439 128,487
Other debtors 759,203 792,307
860,642 920,794
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,493 8,809
Taxation and social security costs 97,158 50,221
Other creditors 296,859 376,854
403,510 435,884
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 207,513 217,617
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 162,312 176,139
Secured bank loans 217,006 226,426
1)Legal Charge over Lyndhurst Residential Home 42/43 Marine Parade, Tankerton, Whitstable CT5 2BE.
2)Gross gurantee and debenture between High Pines Residential Home Limited
9 Revaluation reserve 2024 2023
£ £
At 1 July 2023 615,030 615,030
At 30 June 2024 615,030 615,030
10 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Loan Interest free 414,636 96,550 (208,964) 302,222
414,636 96,550 (208,964) 302,222
11 Other information
LYNDHURST REST HOME LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
149 Woodcote Valley Road
Purley
Surrey
CR8 3BN
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