Registered number
06796072
HIGH PINES RESIDENTIAL HOME LIMITED
Filleted Accounts
30 June 2024
HIGH PINES RESIDENTIAL HOME LIMITED
Registered number: 06796072
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 133,682 142,849
Tangible assets 4 635,856 661,853
769,538 804,702
Current assets
Debtors 5 564,879 449,140
Cash at bank and in hand 165,263 258,064
730,142 707,204
Creditors: amounts falling due within one year 6 (76,508) (93,267)
Net current assets 653,634 613,937
Total assets less current liabilities 1,423,172 1,418,639
Creditors: amounts falling due after more than one year 7 (238,909) (255,670)
Provisions for liabilities (11,491) (11,054)
Net assets 1,172,772 1,151,915
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,172,672 1,151,815
Shareholder's funds 1,172,772 1,151,915
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.
N Paneandee
Director
Approved by the board on 20 March 2025
HIGH PINES RESIDENTIAL 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
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 30 27
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 275,000
At 30 June 2024 275,000
Amortisation
At 1 July 2023 132,151
Provided during the year 9,167
At 30 June 2024 141,318
Net book value
At 30 June 2024 133,682
At 30 June 2023 142,849
Goodwill is being written off in equal annual instalments over its estimated economic life of 30 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 731,153 471,281 1,202,434
Additions - 1,953 1,953
At 30 June 2024 731,153 473,234 1,204,387
Depreciation
At 1 July 2023 147,563 393,018 540,581
Charge for the year 12,123 15,827 27,950
At 30 June 2024 159,686 408,845 568,531
Net book value
At 30 June 2024 571,467 64,389 635,856
At 30 June 2023 583,590 78,263 661,853
5 Debtors 2024 2023
£ £
Trade debtors 112,743 80,280
Other debtors 452,136 368,860
564,879 449,140
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 17,337 11,600
Taxation and social security costs 29,332 33,418
Other creditors 29,839 48,249
76,508 93,267
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 238,909 255,670
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 192,379 212,674
Secured bank loans 256,247 267,270
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 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
0
Loan Interest free 71,677 55,400 - 127,077
71,677 55,400 - 127,077
10 Other information
HIGH PINES RESIDENTIAL 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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