Year Ended
Registration number:
Tre'Care Group Limited
Balance Sheet
30 November 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Capital redemption reserve |
5 |
5 |
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Profit and loss account |
2,253,411 |
1,970,900 |
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Shareholders' funds |
2,253,516 |
1,971,005 |
Tre'Care Group Limited
Balance Sheet
30 November 2024
For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Company Registration Number: 02643010
Tre'Care Group Limited
Notes to the Financial Statements
Year Ended 30 November 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The business address is the same as the registered office address, although the entity operates care homes across various locations in Cornwall.
These financial statements were authorised for issue by the
The address of its registered office is:
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 Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Group accounts not prepared
Going concern
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statement. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities.
Income from residents is recognised, as earned, through the provision of contracted services.
Tre'Care Group Limited
Notes to the Financial Statements
Year Ended 30 November 2024
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 corporation 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 all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. 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 are 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, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
2% Straight line method |
Furniture, fittings and equipment |
10% - 20% Reducing balance method |
Motor vehicles |
10% Reducing balance method |
Computer equipment |
30% Straight line method |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Tre'Care Group Limited
Notes to the Financial Statements
Year Ended 30 November 2024
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tre'Care Group Limited
Notes to the Financial Statements
Year Ended 30 November 2024
Tangible assets |
Land and buildings |
Furniture and fittings |
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 December 2023 |
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Additions |
- |
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- |
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At 30 November 2024 |
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Depreciation |
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At 1 December 2023 |
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Charge for the year |
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
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At 30 November 2023 |
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Included within the net book value of land and buildings above is £754,800 (2023 - £780,225) in respect of freehold land and buildings.
Tre'Care Group Limited
Notes to the Financial Statements
Year Ended 30 November 2024
Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 December 2023 |
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Provision |
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Carrying amount |
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At 30 November 2024 |
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At 30 November 2023 |
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Details of undertakings
Tre'Care Group Limited owns 100% of the share capital of two companies:
- Tregenna Nursing Home Limited
- Little Trefewha Limited
Both companies are incorporated in England and Wales, and share the registered office address of their parent undertaking, being Little Trefewha Care Home Trefewha, Praze, Camborne, Cornwall, TR14 0JZ.
The principal activity of Tregenna Nursing Home Limited is that of a dormant company |
The principal activity of Little Trefewha Limited is that of a dormant company |
Stocks |
2024 |
2023 |
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Stocks |
13,889 |
12,511 |
Tre'Care Group Limited
Notes to the Financial Statements
Year Ended 30 November 2024
Debtors |
2024 |
2023 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Tre'Care Group Limited
Notes to the Financial Statements
Year Ended 30 November 2024
Loans and borrowings |
Current loans and borrowings
2024 |
2023 |
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2024 |
2023 |
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Loans and borrowings due after one year |
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Government grants |
18,240 |
18,816 |
Bank borrowings
The company bankers have a debenture secured against the borrowing of the company.
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Tre'Care Group Limited
Notes to the Financial Statements
Year Ended 30 November 2024
Related party transactions |
Transactions with directors |
2024 |
At 1 December 2023 |
Advances to director |
Repayments by director |
At 30 November 2024 |
Mr B & Mrs D Craig |
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Directors loan account repayable on demand |
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( |
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Mr P & Mrs J Fitzhenry |
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Directors loan account repayable on demand |
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( |
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2023 |
At 1 December 2022 |
Advances to director |
Repayments by director |
At 30 November 2023 |
Mr B & Mrs D Craig |
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Directors loan account repayable on demand |
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( |
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Mr P & Mrs J Fitzhenry |
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Directors loan account repayable on demand |
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( |
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