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REGISTERED NUMBER: 08679954 (England and Wales)








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: K R Gunputh
J C Barrett





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 08679954 (England and Wales)





AUDITORS: Carter & Coley Limited
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 5,967,700 6,103,913
Investments 6 101 101
5,967,801 6,104,014

CURRENT ASSETS
Debtors 7 5,400,596 5,762,468
Cash at bank 29,892 13,600
5,430,488 5,776,068
CREDITORS
Amounts falling due within one year 8 335,804 656,635
NET CURRENT ASSETS 5,094,684 5,119,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,062,485

11,223,447

CREDITORS
Amounts falling due after more than one
year

9

(10,970,600

)

(11,248,818

)

PROVISIONS FOR LIABILITIES (11,066 ) (12,700 )
NET ASSETS/(LIABILITIES) 80,819 (38,071 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,719 (38,171 )
80,819 (38,071 )

LUXURYCARE (REGENCY
MANOR CARE HOME) LIMITED (REGISTERED NUMBER: 08679954)

BALANCE SHEET - continued
30 JUNE 2024


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 Income Statement 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 (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 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.

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
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
Office equipment - 25% on cost
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.

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 3 (2023 - 3 ) .

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 2,280 2,570

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 6,933,807 5,106 24,124
Additions - - 2,660
At 30 June 2024 6,933,807 5,106 26,784
DEPRECIATION
At 1 July 2023 907,378 3,698 17,437
Charge for year 124,877 1,172 6,321
At 30 June 2024 1,032,255 4,870 23,758
NET BOOK VALUE
At 30 June 2024 5,901,552 236 3,026
At 30 June 2023 6,026,429 1,408 6,687

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 115,327 12,247 7,090,611
Additions 2,198 3,054 7,912
At 30 June 2024 117,525 15,301 7,098,523
DEPRECIATION
At 1 July 2023 47,540 10,645 986,698
Charge for year 10,333 1,422 144,125
At 30 June 2024 57,873 12,067 1,130,823
NET BOOK VALUE
At 30 June 2024 59,652 3,234 5,967,700
At 30 June 2023 67,787 1,602 6,103,913

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 101
NET BOOK VALUE
At 30 June 2024 101
At 30 June 2023 101

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Amounts owed by group undertakings 5,400,596 5,762,468

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 298,717 274,408
Social security and other taxes 32,166 377,426
Accruals and deferred income 4,921 4,801
335,804 656,635

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
as restated
£    £   
Bank loans - 1-2 years 321,348 300,270
Bank loans - 2-5 years 1,117,639 1,044,329
Bank loans more 5 yr by instal 9,531,613 9,904,219
10,970,600 11,248,818

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 11,269,317 11,523,211

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.

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

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.