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REGISTERED NUMBER: 11710974 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

LUXURYCARE (KINGSMAN HOUSE CARE HOME)
LIMITED

LUXURYCARE (KINGSMAN HOUSE CARE HOME)
LIMITED (REGISTERED NUMBER: 11710974)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUXURYCARE (KINGSMAN HOUSE CARE HOME)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: K R Gunputh
J C Barrett





REGISTERED OFFICE: 161 FF
5 Trinity House
161 Old Christchurch Road
Bournemouth
Dorset
BH1 1JU





REGISTERED NUMBER: 11710974 (England and Wales)





AUDITORS: Carter & Coley Limited
Chartered Accountants and Statutory Auditor
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

LUXURYCARE (KINGSMAN HOUSE CARE HOME)
LIMITED (REGISTERED NUMBER: 11710974)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,703,542 5,814,077
Investments 5 100 100
5,703,642 5,814,177

CREDITORS
Amounts falling due within one year 6 5,910,324 5,896,702
NET CURRENT LIABILITIES (5,910,324 ) (5,896,702 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(206,682

)

(82,525

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (206,782 ) (82,625 )
(206,682 ) (82,525 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





J C Barrett - Director


LUXURYCARE (KINGSMAN HOUSE CARE HOME)
LIMITED (REGISTERED NUMBER: 11710974)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Luxurycare (Kingsman House Care Home) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Despite creditors exceeding debtors the accounts have been prepared on a going concern basis as much of the director has indicated that the company will continue to be supported by other group companies.

Preparation of consolidated financial statements
The financial statements contain information about Luxurycare (Kingsman House 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 undertaking 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on buildings and nil on land
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.


LUXURYCARE (KINGSMAN HOUSE CARE HOME)
LIMITED (REGISTERED NUMBER: 11710974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 2 (2023 - 2 ) .

LUXURYCARE (KINGSMAN HOUSE CARE HOME)
LIMITED (REGISTERED NUMBER: 11710974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 5,597,465 5,294 324,296 2,865 5,929,920
Additions - 9,345 - - 9,345
At 30 June 2024 5,597,465 14,639 324,296 2,865 5,939,265
DEPRECIATION
At 1 July 2023 69,162 1,214 44,592 875 115,843
Charge for year 75,449 1,519 41,957 955 119,880
At 30 June 2024 144,611 2,733 86,549 1,830 235,723
NET BOOK VALUE
At 30 June 2024 5,452,854 11,906 237,747 1,035 5,703,542
At 30 June 2023 5,528,303 4,080 279,704 1,990 5,814,077

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 5,905,404 5,891,903
Other creditors 4,920 4,799
5,910,324 5,896,702

LUXURYCARE (KINGSMAN HOUSE CARE HOME)
LIMITED (REGISTERED NUMBER: 11710974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Clark (Senior Statutory Auditor)
for and on behalf of Carter & Coley Limited

8. 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). The value of the loan guaranteed in Luxurycare (Regency Manor Care Home) Limited is £11,269,317 (2023 - £11,523,211).

9. 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.

10. 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.