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Company Registration No. 08370036 (England and Wales)
Peculiar Care Homes Limited Unaudited accounts for the year ended 31 July 2023
Peculiar Care Homes Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
74,888 
62,093 
Current assets
Inventories
100,000 
200,000 
Debtors
423,274 
576,075 
Cash at bank and in hand
- 
37,376 
523,274 
813,451 
Creditors: amounts falling due within one year
(487,906)
(489,687)
Net current assets
35,368 
323,764 
Total assets less current liabilities
110,256 
385,857 
Creditors: amounts falling due after more than one year
(457,566)
(324,785)
Net (liabilities)/assets
(347,310)
61,072 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(348,310)
60,072 
Shareholders' funds
(347,310)
61,072 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 April 2025 and were signed on its behalf by
A O Moshood Director Company Registration No. 08370036
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Peculiar Care Homes Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Peculiar Care Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 08370036. The registered office is Studio 24 Thames Innovation Centre, 2 Veridion Way, Erith, Kent, DA18 4AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
These accounts have been prepared on a going concern basis, however the company increased debt was required for working capital purposes and to promote and develop the business as it embarks on projects to increase turnover. The increased gearing levels of the company were also necessary within the challenging industry the company operates. The director (A O Moshood) expects a turnaround in cashflow and has given assurances and personal guarantees to ensure continued liquidity within the company and to meet the company's continued trading obligations.
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Peculiar Care Homes Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2022
144,846 
Additions
27,288 
At 31 July 2023
172,134 
Depreciation
At 1 August 2022
82,753 
Charge for the year
14,493 
At 31 July 2023
97,246 
Net book value
At 31 July 2023
74,888 
At 31 July 2022
62,093 
5
Controlling party
The controlling party is A O Moshood by virtue of his majority shareholding.
6
Average number of employees
During the year the average number of employees was 103 (2022: 52).
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