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REGISTERED NUMBER: 06880415 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 30 APRIL 2024

FOR

LANGFORD PARK LTD

LANGFORD PARK LTD (REGISTERED NUMBER: 06880415)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LANGFORD PARK LTD

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024







DIRECTOR: Mr M P Madden



REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU



REGISTERED NUMBER: 06880415 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr P Bott FCA



AUDITORS: Mark J Rees LLP Chartered Accountants
and Statutory Auditors
Granville Hall
Granville Road
Leicester
LE1 7RU

LANGFORD PARK LTD (REGISTERED NUMBER: 06880415)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,181,519 2,700,111

CURRENT ASSETS
Stocks - 2,000
Debtors 5 1,905,119 106,668
Cash at bank and in hand 168,412 40,866
2,073,531 149,534
CREDITORS
Amounts falling due within one year 6 858,167 1,199,976
NET CURRENT ASSETS/(LIABILITIES) 1,215,364 (1,050,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,396,883

1,649,669

CREDITORS
Amounts falling due after more than one
year

7

(3,123,127

)

(68,380

)

PROVISIONS FOR LIABILITIES 9 (20,742 ) (309,000 )
NET ASSETS 1,253,014 1,272,289

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 - 781,639
Retained earnings 1,252,914 490,550
SHAREHOLDERS' FUNDS 1,253,014 1,272,289

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 director and authorised for issue on 21 March 2025 and were signed by:





Mr M P Madden - Director


LANGFORD PARK LTD (REGISTERED NUMBER: 06880415)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


1. STATUTORY INFORMATION

Langford Park Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Comparative Figures
The comparative figures are for the 12 month period of trading to 31 March 2023. The current figures represent an extended 13 month period of trading to 30 April 2024.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue represents income receivable from health and care provision services rendered and goods supplied.

Revenue is recognised in the accounting period in which the company obtains the right to consideration in exchange for its performance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 20 years
Plant and machinery - Straight line over 4 years
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.


LANGFORD PARK LTD (REGISTERED NUMBER: 06880415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently, where material, at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently, where material, at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 54 (2023 - 54 ) .

LANGFORD PARK LTD (REGISTERED NUMBER: 06880415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2023 2,989,536 - 119,306
Additions - 3,276,000 14,901
Disposals (2,989,536 ) - -
At 30 April 2024 - 3,276,000 134,207
DEPRECIATION
At 1 April 2023 352,645 - 87,927
Charge for period - 177,450 23,539
Eliminated on disposal (352,645 ) - -
At 30 April 2024 - 177,450 111,466
NET BOOK VALUE
At 30 April 2024 - 3,098,550 22,741
At 31 March 2023 2,636,891 - 31,379

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 54,804 9,800 3,173,446
Additions 35,885 - 3,326,786
Disposals - - (2,989,536 )
At 30 April 2024 90,689 9,800 3,510,696
DEPRECIATION
At 1 April 2023 24,707 8,056 473,335
Charge for period 7,062 436 208,487
Eliminated on disposal - - (352,645 )
At 30 April 2024 31,769 8,492 329,177
NET BOOK VALUE
At 30 April 2024 58,920 1,308 3,181,519
At 31 March 2023 30,097 1,744 2,700,111

LANGFORD PARK LTD (REGISTERED NUMBER: 06880415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 140,335 42,234
Amounts owed by group undertakings 1,547,259 -
Other debtors 217,525 64,434
1,905,119 106,668

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 114,547
Hire purchase contracts and finance leases (see note 8)
90,698

4,152
Trade creditors 194,248 109,210
Amounts owed to group undertakings - 187,166
Taxation and social security 124,683 113,794
Other creditors 448,538 671,107
858,167 1,199,976

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 62,498
Hire purchase contracts and finance leases (see note 8)
3,123,127

5,882
3,123,127 68,380

Amounts falling due in more than five years:

Repayable by instalments
Finance leases 2,582,337 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2024 2023 2024 2023
£    £    £    £   
Net obligations repayable:
Within one year 639 4,152 90,059 -
Between one and five years - 5,882 540,790 -
In more than five years - - 2,582,337 -
639 10,034 3,213,186 -

LANGFORD PARK LTD (REGISTERED NUMBER: 06880415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 20,742 309,000

Deferred
tax
£   
Balance at 1 April 2023 309,000
Utilised during period (288,258 )
Balance at 30 April 2024 20,742

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023 781,639
Transfer between reserves (781,639 )

At 30 April 2024 -

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr P Bott FCA (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP Chartered Accountants

13. RELATED PARTY DISCLOSURES

The company was charged management fees of £34,625 (2023: £NIL) from related parties, all of which share the same directors.

At 30 April 2024 the company owed £53,677 (2023: £3,521) to related parties. All of the related parties companies share the same directors.

LANGFORD PARK LTD (REGISTERED NUMBER: 06880415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


14. ULTIMATE CONTROLLING PARTY

The parent and ultimate controlling parent company at the balance sheet date is Welford Healthcare ChH Limited, a private limited company incorporated and registered in England and Wales. The registered office of Welford Healthcare ChH Limited is Granville Hall, Granville Road, Leicester, LE1 7RU and copies of the parents financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ.