West House Carehome Limited 04087242 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Care Home Digita Accounts Production Advanced 6.30.9574.0 true 04087242 2024-01-01 2024-12-31 04087242 2024-12-31 04087242 bus:OrdinaryShareClass1 2024-12-31 04087242 core:CurrentFinancialInstruments 2024-12-31 04087242 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04087242 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 04087242 core:FurnitureFittingsToolsEquipment 2024-12-31 04087242 core:LandBuildings 2024-12-31 04087242 core:OtherPropertyPlantEquipment 2024-12-31 04087242 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-12-31 04087242 bus:SmallEntities 2024-01-01 2024-12-31 04087242 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04087242 bus:FilletedAccounts 2024-01-01 2024-12-31 04087242 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04087242 bus:RegisteredOffice 2024-01-01 2024-12-31 04087242 bus:Director2 2024-01-01 2024-12-31 04087242 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 04087242 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04087242 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 04087242 core:LandBuildings 2024-01-01 2024-12-31 04087242 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 04087242 core:PlantMachinery 2024-01-01 2024-12-31 04087242 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-01-01 2024-12-31 04087242 countries:England 2024-01-01 2024-12-31 04087242 2023-12-31 04087242 core:FurnitureFittingsToolsEquipment 2023-12-31 04087242 core:LandBuildings 2023-12-31 04087242 core:OtherPropertyPlantEquipment 2023-12-31 04087242 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-12-31 04087242 2023-01-01 2023-12-31 04087242 2023-12-31 04087242 bus:OrdinaryShareClass1 2023-12-31 04087242 core:CurrentFinancialInstruments 2023-12-31 04087242 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04087242 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 04087242 core:FurnitureFittingsToolsEquipment 2023-12-31 04087242 core:LandBuildings 2023-12-31 04087242 core:OtherPropertyPlantEquipment 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04087242

West House Carehome Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 6

 

(Registration number: 04087242)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

970,502

973,420

Current assets

 

Stocks

6

2,500

2,500

Debtors

7

92,313

111,003

Cash at bank and in hand

 

16,019

19,370

 

110,832

132,873

Creditors: Amounts falling due within one year

8

33,194

142,080

Net current assets

 

144,026

274,953

Total assets less current liabilities

 

1,114,528

1,248,373

Creditors: Amounts falling due after more than one year

8

(569,452)

(716,660)

Net assets

 

545,076

531,713

Capital and reserves

 

Called up share capital

9

101,000

101,000

Retained earnings

444,076

430,713

Shareholders' funds

 

545,076

531,713

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 March 2025
 

.........................................
Mrs Elizabeth Kathleen Lisk
Director

   
     
 

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Waldridge Road,
Chester Le Street
Durham
DH2 3AA
England

These financial statements were authorised for issue by the director on 12 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Notes to the Financial Statements for the Year Ended 31 December 2024

tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings tools and equipment

18% Reducing balance

Plant and machinery

18% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Notes to the Financial Statements for the Year Ended 31 December 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 28 (2023 - 30).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

8,784

10,606

 

Notes to the Financial Statements for the Year Ended 31 December 2024

5

tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2024

925,105

88,117

28,302

1,041,524

At 31 December 2024

925,105

88,117

28,302

1,041,524

Depreciation

At 1 January 2024

-

39,516

22,722

62,238

Charge for the year

-

7,780

1,004

8,784

At 31 December 2024

-

47,296

23,726

71,022

Carrying amount

At 31 December 2024

925,105

40,821

4,576

970,502

At 31 December 2023

925,105

42,735

5,580

973,420

Included within the net book value of land and buildings above is £925,105 (2023 - £925,105) in respect of freehold land and buildings.
 

6

stocks

2024
£

2023
£

Other inventories

2,500

2,500

7

debtors

Current

2024
£

2023
£

Trade debtors

26,592

17,012

Prepayments

47,683

71,270

Other debtors

18,038

22,721

 

92,313

111,003

 

Notes to the Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

(244,084)

(343,471)

Taxation and social security

 

58,247

65,442

Other creditors

 

152,643

135,949

 

(33,194)

(142,080)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

569,452

716,660

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

101,000

101,000

101,000

101,000

       

10

Related party transactions

Summary of transactions with entities with joint control or significant interest

Loans from related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

296,793

296,793

Advanced

114,063

114,063

At end of period

410,856

410,856