Senna House Limited 08966048 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the provision of care services. Digita Accounts Production Advanced 6.30.9574.0 true true 08966048 2023-07-01 2024-06-30 08966048 2024-06-30 08966048 bus:Consolidated 2024-06-30 08966048 core:RetainedEarningsAccumulatedLosses 2024-06-30 08966048 core:RevaluationReserve 2024-06-30 08966048 core:ShareCapital 2024-06-30 08966048 core:CurrentFinancialInstruments 2024-06-30 08966048 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 08966048 core:Non-currentFinancialInstruments 2024-06-30 08966048 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 08966048 core:FurnitureFittingsToolsEquipment 2024-06-30 08966048 core:LandBuildings 2024-06-30 08966048 bus:SmallEntities 2023-07-01 2024-06-30 08966048 bus:Audited 2023-07-01 2024-06-30 08966048 bus:FilletedAccounts 2023-07-01 2024-06-30 08966048 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08966048 bus:RegisteredOffice 2023-07-01 2024-06-30 08966048 bus:Director1 2023-07-01 2024-06-30 08966048 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08966048 core:FurnitureFittings 2023-07-01 2024-06-30 08966048 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 08966048 core:LandBuildings 2023-07-01 2024-06-30 08966048 countries:EnglandWales 2023-07-01 2024-06-30 08966048 2023-06-30 08966048 core:RetainedEarningsAccumulatedLosses 2023-06-30 08966048 core:RevaluationReserve 2023-06-30 08966048 core:ShareCapital 2023-06-30 08966048 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 08966048 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 08966048 core:FurnitureFittingsToolsEquipment 2023-06-30 08966048 core:LandBuildings 2023-06-30 08966048 2022-07-01 2023-06-30 08966048 2023-06-30 08966048 core:CurrentFinancialInstruments 2023-06-30 08966048 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 08966048 core:Non-currentFinancialInstruments 2023-06-30 08966048 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 08966048 core:FurnitureFittingsToolsEquipment 2023-06-30 08966048 core:LandBuildings 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 08966048

Prepared for the registrar

Senna House Limited

Annual Report and Financial Statements

for the Year Ended 30 June 2024

 

Senna House Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Senna House Limited

Company Information

Director

M G Dhanak

Registered office

Unit 4
Bradbourne Drive
Tilbrook
Milton Keynes
MK7 8BN

Auditors

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

Senna House Limited

(Registration number: 08966048)
Balance Sheet as at 30 June 2024

Note

2024
 £

2023
 £

Fixed assets

 

Tangible assets

4

2,251,126

2,267,160

Current assets

 

Debtors

5

42,957

60,464

Cash at bank and in hand

 

-

5,880

 

42,957

66,344

Creditors: Amounts falling due within one year

6

(1,182,769)

(1,356,240)

Net current liabilities

 

(1,139,812)

(1,289,896)

Total assets less current liabilities

 

1,111,314

977,264

Creditors: Amounts falling due after more than one year

6

(9,375)

(16,862)

Deferred tax liabilities

(6,270)

(6,270)

Net assets

 

1,095,669

954,132

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

816,855

816,855

Profit and loss account

278,714

137,177

Total equity

 

1,095,669

954,132

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 March 2025
 


M G Dhanak
Director

 

Senna House Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

 

1

General information

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

The address of its registered office is:
Unit 4
Bradbourne Drive
Tilbrook
Milton Keynes
MK7 8BN

 

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group

These financial statements are consolidated in the financial statements of Precious Homes Essex Limited.

The financial statements of Precious Homes Essex Limited may be obtained from Companies House.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group..

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements and estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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 and after eliminating sales within the company. 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.

 

Senna House Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

Tax

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

The current 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold buildings

2% straight line

Fixtures and fittings

20% straight line

Freehold land is not depreciated.

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 services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. 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 debtors.

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 all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

 

Senna House Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

Borrowings

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.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

Senna House Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

Financial instruments (continued)

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was as follows:

 

Senna House Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

 

4

Tangible assets

Freehold land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost

At 1 July 2023

2,266,404

40,538

2,306,942

Additions

18,613

22,685

41,298

At 30 June 2024

2,285,017

63,223

2,348,240

Depreciation

At 1 July 2023

29,698

10,084

39,782

Charge for the year

45,592

11,740

57,332

At 30 June 2024

75,290

21,824

97,114

Carrying amount

At 30 June 2024

2,209,727

41,399

2,251,126

At 30 June 2023

2,236,706

30,454

2,267,160

 

5

Debtors

2024
 £

2023
 £

Trade debtors

16,606

(2,983)

Other debtors

-

3,609

Prepayments

3,157

-

Accrued income

23,194

59,838

 

42,957

60,464

 

6

Creditors

Note

2024
 £

2023
 £

Due within one year

 

Loans and borrowings

7

15,129

7,500

Trade creditors

 

5,420

16,576

Amounts due to group undertakings

 

1,129,601

1,307,268

Other creditors

 

7,134

-

Accrued expenses

 

4,780

-

Corporation tax liability

20,705

24,896

 

1,182,769

1,356,240

Due after one year

 

Loans and borrowings

7

9,375

16,862

 

Senna House Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

 

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

7,500

7,500

Bank overdrafts

7,629

-

15,129

7,500

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

9,375

16,862

Bank loans are secured and wholly repayable within 5 years.

 

8

Contingent liabilities

The company is bound by an intra-group cross guarantee in respect of bank debt with other members of the group headed by its ultimate parent undertaking, Precious Homes Essex Limited. The maximum amount the company could be liable for at 30 June 2024 is £15,750,000 (2023 - £15,950,000).

 

9

Parent and ultimate parent undertaking

The company's immediate parent is Precious Homes Essex Limited, incorporated in England and Wales.

 The ultimate controlling party is M G Dhanak.

 

10

Disclosure under Section 444(5B) CA 2006 relating to the independent auditor's report

As permitted by Section 444 CA 2006, these accounts do not contain a copy of the company’s Profit and Loss account or a copy of the Directors’ Report. Accordingly, the Independent Auditors’ Report has also been omitted.

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 March 2025 was Simon Worsley, who signed for and on behalf of Hazlewoods LLP.