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Registration number: 04036712

The Green Nursing Homes Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

The Green Nursing Homes Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

The Green Nursing Homes Limited

Company Information

Directors

Mrs N Jaiswal

Mr D Jaiswal

Mr T Jaiswal

Registered office

The Callywhite Care Home
Callywhite Lane
Dronfield
S18 2XD

Accountants

Rotherham Taylor Limited
Chartered Accountants
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

 

The Green Nursing Homes Limited

(Registration number: 04036712)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,499,809

2,574,419

Current assets

 

Stocks

5

9,000

9,000

Debtors

6

227,258

247,033

Cash at bank and in hand

 

936,636

693,209

 

1,172,894

949,242

Creditors: Amounts falling due within one year

7

(1,151,010)

(977,786)

Net current assets/(liabilities)

 

21,884

(28,544)

Total assets less current liabilities

 

2,521,693

2,545,875

Creditors: Amounts falling due after more than one year

7

(1,086,553)

(1,202,591)

Provisions for liabilities

(40,649)

(33,018)

Net assets

 

1,394,491

1,310,266

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

1,393,491

1,309,266

Shareholders' funds

 

1,394,491

1,310,266

For the financial 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 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

The Green Nursing Homes Limited

(Registration number: 04036712)
Balance Sheet as at 31 July 2024

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 April 2025 and signed on its behalf by:
 

.........................................
Mr D Jaiswal
Director

   
     
 

The Green Nursing Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
The Callywhite Care Home
Callywhite Lane
Dronfield
S18 2XD
United Kingdom

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 the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 provision of residential care 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 and it is probable that future economic benefits will flow to the entity. Residents' fees billed in advance of provision of service is treated as deferred income.

 

The Green Nursing Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current and deferred 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 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 is 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% on cost

Fixtures, fittings and equipment

15% reducing balance or 33% on cost

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.

Debtors

Trade debtors are amounts due for the provision of residential care services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 receivables.

 

The Green Nursing Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to comple and sell; the impairment loss is recognised immediately in profit or loss.

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 subsequently measured at amortised cost using the effective interest method.

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 profit or loss 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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

The Green Nursing Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 144 (2023 - 144).

 

The Green Nursing Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

2,693,938

883,941

41,216

5,999

3,625,094

Additions

-

-

-

18,936

18,936

Disposals

-

-

-

(5,999)

(5,999)

At 31 July 2024

2,693,938

883,941

41,216

18,936

3,638,031

Depreciation

At 1 August 2023

378,026

632,595

35,953

4,101

1,050,675

Charge for the year

46,079

37,693

3,142

4,734

91,648

Eliminated on disposal

-

-

-

(4,101)

(4,101)

At 31 July 2024

424,105

670,288

39,095

4,734

1,138,222

Carrying amount

At 31 July 2024

2,269,833

213,653

2,121

14,202

2,499,809

At 31 July 2023

2,315,912

251,346

5,263

1,898

2,574,419

 

The Green Nursing Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

stocks

2024
£

2023
£

Consumables

9,000

9,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

206,024

180,400

Other debtors

21,234

66,633

 

227,258

247,033

 

The Green Nursing Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and borrowings

8

138,381

120,157

Trade creditors

 

211,456

174,290

Taxation and social security

 

151,827

139,242

Other creditors

 

649,346

544,097

 

1,151,010

977,786

Due after one year

 

Loans and borrowings

8

1,086,553

1,202,591

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

1,086,553

1,202,591

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank loans

1,086,553

1,202,591

Current loans and borrowings

2024
£

2023
£

Bank loans

117,667

119,295

Directors' loan accounts

20,714

862

138,381

120,157

Bank loans are secured by debenture and first legal charge over freehold land and buildings held by the company and fellow group undertakings.

Directors' loans are non-interest bearing and have no formal repayment terms.