Ashbourne Healthcare Services Ltd

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 6

Ashbourne Healthcare Services Ltd

(Registration number: 05438061)
Statement of financial position as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	3,143,885	3,146,247
Current assets
Debtors	5	28,259	31,706
Cash at bank and in hand		71,001	104,198
		99,260	135,904
Creditors: Amounts falling due within one year	6	(129,415)	(183,301)
Net current liabilities		(30,155)	(47,397)
Total assets less current liabilities		3,113,730	3,098,850
Creditors: Amounts falling due after more than one year	6	(2,108,483)	(2,148,182)
Net assets		1,005,247	950,668
Capital and reserves
Called up share capital	7	100	100
Retained earnings		1,005,147	950,568
Shareholders' funds		1,005,247	950,668

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and 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 Income statement.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

......................................... Mrs M Shoai-Naini Director

Ashbourne Healthcare Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

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

The address of its registered office is:
10 Clive Avenue
Goring by Sea
West Sussex
BN12 4SG

These financial statements were authorised for issue by the Board on 27 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 under the historic cost convention and in accordance with FRS105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Ashbourne Healthcare Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Asset class	Depreciation method and rate
Land and buildings	2% straight line
Furniture, fittings and equipment	15% reducing balance
Motor vehicles	25% straight line
Properties under construction	4% straight line

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.

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 income statement 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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Ashbourne Healthcare Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Properties under construction  £
Cost or valuation
At 1 October 2023	3,634,727	60,080	4,295	132,711
At 30 September 2024	3,634,727	60,080	4,295	132,711
Depreciation
At 1 October 2023	612,398	44,337	4,295	24,536
Charge for the year	-	2,360	-	2
At 30 September 2024	612,398	46,697	4,295	24,538
Carrying amount
At 30 September 2024	3,022,329	13,383	-	108,173
At 30 September 2023	3,022,329	15,743	-	108,175

	Total £
Cost or valuation
At 1 October 2023	3,831,813
At 30 September 2024	3,831,813
Depreciation
At 1 October 2023	685,566
Charge for the year	2,362
At 30 September 2024	687,928
Carrying amount
At 30 September 2024	3,143,885
At 30 September 2023	3,146,247

Included within the net book value of land and buildings above is £3,022,329 (2023 - £3,022,329) in respect of freehold land and buildings.
 

Ashbourne Healthcare Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Debtors

Current	2024 £	2023 £
Trade debtors	28,259	17,539
Prepayments	-	10,999
Other debtors	-	3,168
	28,259	31,706

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	41,892	99,900
Taxation and social security		17,138	19,540
Other creditors		70,385	63,861
		129,415	183,301

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	2,108,483	2,148,182

Ashbourne Healthcare Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	734,099	1,036,102
Other borrowings	1,374,384	1,112,080
	2,108,483	2,148,182

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	41,892	99,900