14 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 03808801 2023-08-01 2024-07-31 03808801 2024-07-31 03808801 2023-07-31 03808801 2022-08-01 2023-07-31 03808801 2023-07-31 03808801 2022-07-31 03808801 core:FurnitureFittings 2023-08-01 2024-07-31 03808801 core:MotorVehicles 2023-08-01 2024-07-31 03808801 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 03808801 bus:OrdinaryShareClass2 2023-08-01 2024-07-31 03808801 bus:OrdinaryShareClass3 2023-08-01 2024-07-31 03808801 bus:OrdinaryShareClass4 2023-08-01 2024-07-31 03808801 bus:OrdinaryShareClass5 2023-08-01 2024-07-31 03808801 bus:Director2 2023-08-01 2024-07-31 03808801 bus:Director1 2023-08-01 2024-07-31 03808801 bus:Director4 2023-08-01 2024-07-31 03808801 core:FurnitureFittings 2023-07-31 03808801 core:FurnitureFittings 2024-07-31 03808801 core:MotorVehicles 2024-07-31 03808801 core:WithinOneYear 2024-07-31 03808801 core:WithinOneYear 2023-07-31 03808801 core:ShareCapital 2024-07-31 03808801 core:ShareCapital 2023-07-31 03808801 core:RetainedEarningsAccumulatedLosses 2024-07-31 03808801 core:RetainedEarningsAccumulatedLosses 2023-07-31 03808801 core:FurnitureFittings 2023-07-31 03808801 bus:Director2 2023-07-31 03808801 bus:Director2 2024-07-31 03808801 bus:Director4 2023-07-31 03808801 bus:Director4 2024-07-31 03808801 bus:Director2 2023-07-31 03808801 bus:Director4 2023-07-31 03808801 bus:Director1 2022-08-01 2023-07-31 03808801 bus:Director2 2022-08-01 2023-07-31 03808801 bus:Director4 2022-08-01 2023-07-31 03808801 bus:SmallEntities 2023-08-01 2024-07-31 03808801 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03808801 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03808801 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03808801 bus:FullAccounts 2023-08-01 2024-07-31 03808801 bus:OrdinaryShareClass1 2024-07-31 03808801 bus:OrdinaryShareClass1 2023-07-31 03808801 bus:OrdinaryShareClass2 2024-07-31 03808801 bus:OrdinaryShareClass2 2023-07-31 03808801 bus:OrdinaryShareClass3 2024-07-31 03808801 bus:OrdinaryShareClass3 2023-07-31 03808801 bus:OrdinaryShareClass4 2024-07-31 03808801 bus:OrdinaryShareClass4 2023-07-31 03808801 bus:OrdinaryShareClass5 2024-07-31 03808801 bus:OrdinaryShareClass5 2023-07-31 03808801 bus:AllOrdinaryShares 2024-07-31 03808801 bus:AllOrdinaryShares 2023-07-31 03808801 core:ComputerEquipment 2023-08-01 2024-07-31 03808801 core:ComputerEquipment 2023-07-31 03808801 core:ComputerEquipment 2024-07-31
COMPANY REGISTRATION NUMBER: 03808801
Garden House Rest Home Limited
Filleted Unaudited Financial Statements
For the year ended
31 July 2024
Garden House Rest Home Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
73,369
60,383
Current assets
Stocks
3,820
3,638
Debtors
6
6,600
11,409
Cash at bank and in hand
77,557
73,301
--------
--------
87,977
88,348
Creditors: amounts falling due within one year
7
28,171
35,825
--------
--------
Net current assets
59,806
52,523
---------
---------
Total assets less current liabilities
133,175
112,906
Provisions
Taxation including deferred tax
19,202
16,802
---------
---------
Net assets
113,973
96,104
---------
---------
Capital and reserves
Called up share capital
8
106
106
Profit and loss account
113,867
95,998
---------
--------
Shareholders funds
113,973
96,104
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Garden House Rest Home Limited
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 7 April 2025 , and are signed on behalf of the board by:
Mrs J Newton
Director
Company registration number: 03808801
Garden House Rest Home Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Emporium, Bow Street, Langport, Somerset, TA10 9PQ. The principal place of business is Garden House, Priestlands, Sherborne, Dorset, DT9 4HN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment, fixtures & fittings
-
10% reducing balance
Motor vehicles
-
25% reducing balance
Computer Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at cost. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2023: 15 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 August 2023
116,525
2,818
119,343
Additions
629
24,500
784
25,913
Disposals
( 1,059)
( 1,059)
---------
--------
-------
---------
At 31 July 2024
116,095
24,500
3,602
144,197
---------
--------
-------
---------
Depreciation
At 1 August 2023
56,395
2,565
58,960
Charge for the year
6,042
6,125
408
12,575
Disposals
( 707)
( 707)
---------
--------
-------
---------
At 31 July 2024
61,730
6,125
2,973
70,828
---------
--------
-------
---------
Carrying amount
At 31 July 2024
54,365
18,375
629
73,369
---------
--------
-------
---------
At 31 July 2023
60,130
253
60,383
---------
--------
-------
---------
6. Debtors
2024
2023
£
£
Other debtors
6,600
11,409
-------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,682
4,925
Corporation tax
11,405
15,708
Social security and other taxes
6,114
7,124
Other creditors
8,970
8,068
--------
--------
28,171
35,825
--------
--------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
100
100
100
100
Ordinary B shares of £ 1 each
1
1
1
1
Ordinary C shares of £ 1 each
1
1
1
1
Ordinary D shares of £ 1 each
1
1
1
1
Ordinary E shares of £ 1 each
1
1
1
1
Ordinary F shares of £1 each
1
1
1
1
Ordinary G shares of £1 each
1
1
1
1
----
----
----
----
106
106
106
106
----
----
----
----
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr C Calder
Mrs J Newton
5,683
14,727
( 20,794)
( 384)
Miss M A Torkington
( 500)
( 500)
-------
--------
--------
----
5,183
14,727
( 20,794)
( 884)
-------
--------
--------
----
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr C Calder
7,856
( 7,856)
Mrs J Newton
5,683
5,683
Miss M A Torkington
( 500)
( 500)
----
--------
-------
-------
13,039
( 7,856)
5,183
----
--------
-------
-------
Advances to directors were repaid after the year end. Advances are repayable on demand and interest was charged at HMRC recommended rates.
10. Related party transactions
During the year £11,925 was paid to Mr T D Newton for landscaping and garden maintenance work and £2,515 was paid to Mr A Newton for decorating and garden maintenance work. Mr T D Newton is a company director and Mr A Newton is the son of a company director. The transactions were carried out at arms length.