REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED (REGISTERED NUMBER: 08679954) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and Statutory Auditor |
3 Durrant Road |
Bournemouth |
Dorset |
BH2 6NE |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED (REGISTERED NUMBER: 08679954) |
BALANCE SHEET |
30 JUNE 2024 |
2024 | 2023 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | (38,171 | ) |
( |
) |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED (REGISTERED NUMBER: 08679954) |
BALANCE SHEET - continued |
30 JUNE 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED (REGISTERED NUMBER: 08679954) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
Luxurycare (Regency Manor Care Home) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Luxurycare (Regency Manor Care Home) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Luxurycare Holdings Ltd, First Floor 5 Trinity House, 161 Old Christchurch Road, Bournemouth, Dorset, BH1 1JU. |
Tangible fixed assets |
Freehold property | - |
Office equipment | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Fixed assets are initially recognised at cost. |
Furnishings are generally treated as renewals in the profit and loss of the subsidiary in the year in which they are purchased. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED (REGISTERED NUMBER: 08679954) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | AUDITORS' REMUNERATION |
Period |
1/4/22 |
Year ended | to |
30/6/24 | 30/6/23 |
as restated |
£ | £ |
Fees payable to the company's auditors for the audit of the company's financial statements |
2,640 |
2,980 |
Auditors' remuneration for non audit work |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED (REGISTERED NUMBER: 08679954) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
5. | TANGIBLE FIXED ASSETS |
Freehold | Office | Plant and |
property | equipment | machinery |
£ | £ | £ |
COST |
At 1 July 2023 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 July 2023 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED (REGISTERED NUMBER: 08679954) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2023 |
and 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Amounts owed by group undertakings |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Bank loans and overdrafts |
Social security and other taxes |
Accruals and deferred income |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED (REGISTERED NUMBER: 08679954) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
2024 | 2023 |
as restated |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 9,531,613 | 9,904,219 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
as restated |
£ | £ |
Bank loans |
The loan is secured against the freehold land and property of the company. |
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
12. | CONTINGENT LIABILITIES |
The following companies have cross guarantees in place with one another: Luxurycare Investments Limited, Luxurycare (Kingsman House Care Home) Limited, Luxurycare (Aranlaw House Care Home) Limited, ARNLUX Limited, Luxurycare Aranlaw House Limited, Luxurycare (Regency Manor Care Home) Limited, Luxurycare Training Limited, Luxurycare Regency Manor Limited and Luxurycare Kingsman House Limited, in support of the bank loans taken out in Luxurycare (Aranlaw House Care Home) Limited and Luxurycare (Regency Manor Care Home) Limited. The value of the loan guaranteed in Luxurycare (Aranlaw House Care Home) Limited is £7,091,886 (2023 - £7,251,676). |
13. | RELATED PARTY DISCLOSURES |
The company has taken advantage of the exemption in FRS 102 in respect of the disclosure of related party transactions with group companies. |
LUXURYCARE (REGENCY |
MANOR CARE HOME) LIMITED (REGISTERED NUMBER: 08679954) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
14. | ULTIMATE PARENT COMPANY |
The ultimate parent undertaking of the company is Luxurycare Holdings Limited, a company incorporated in England and Wales. Luxurycare Holdings Limited's registered office address is First Floor 5 Trinity House, 161 Old Christchurch Road, Bournemouth, Dorset, England, BH1 1JU. |
The largest and smallest company which prepared group accounts in the group is Luxurycare Holdings Limited. |