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Company Registration number: 05124802

Howard Court Care Home Limited

Annual Report and Unaudited
Financial Statements


for the Year Ended 31 July 2024

 

Howard Court Care Home Limited

Contents

Pages

Balance sheet

1 to 2

Notes to the financial statements

3 to 7

 

Howard Court Care Home Limited

Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

628,661

648,704

Current assets

 

Debtors

6

37,798

16,673

Cash at bank and in hand

 

194,287

140,589

 

232,085

157,262

Creditors: Amounts falling due within one year

7

(251,493)

(303,090)

Net current liabilities

 

(19,408)

(145,828)

Total assets less current liabilities

 

609,253

502,876

Provisions for liabilities

-

(2,069)

Net assets

 

609,253

500,807

Capital and reserves

 

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

609,153

500,707

Shareholders' funds

 

609,253

500,807

 

Howard Court Care Home Limited

Balance Sheet as at 31 July 2024 (continued)

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.

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.

Company registration number: 05124802

Approved and authorised by the Board on 24 January 2025 and signed on its behalf by:
 

.........................................
Mr N Oppilamany
Director

 

Howard Court Care Home Limited

Notes to the 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:
Howard Arms Lane
Brampton
CA8 1NH

These financial statements were authorised for issue by the Board on 24 January 2025.

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 were 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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of 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;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Howard Court Care Home Limited

Notes to the financial statements for the Year Ended 31 July 2024 (continued)

2

ACCOUNTING POLICIES (continued)

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 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply o the reversal of the timing differences.

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.

No depreciation has been provided for on the freehold property as this is kept in a sound state of repair and in the opinion of the directors the residual value is so high and the useful economic life so long that the depreciation charge would be immaterial. This is not in accordance with FRS 102 however this is required in order to give a true and fair view.

Asset class

Depreciation method and rate

Motor vehicles

4 years straight line

Fixtures and fittings

4 years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

Howard Court Care Home Limited

Notes to the financial statements for the Year Ended 31 July 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3

STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 27 (2023 - 25).

 

Howard Court Care Home Limited

Notes to the financial statements for the Year Ended 31 July 2024 (continued)

4

INTANGIBLE ASSETS

Goodwill
 £

Total
£

Cost or valuation

At 1 August 2023

65,600

65,600

At 31 July 2024

65,600

65,600

Amortisation

At 1 August 2023

65,600

65,600

At 31 July 2024

65,600

65,600

Carrying amount

At 31 July 2024

-

-

5

TANGIBLE ASSETS

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

623,401

67,224

20,500

711,125

Additions

-

1,587

-

1,587

Disposals

-

(10,991)

(20,500)

(31,491)

At 31 July 2024

623,401

57,820

-

681,221

Depreciation

At 1 August 2023

-

50,037

12,385

62,422

Charge for the year

-

6,950

2,563

9,513

Eliminated on disposal

-

(4,427)

(14,948)

(19,375)

At 31 July 2024

-

52,560

-

52,560

Carrying amount

At 31 July 2024

623,401

5,260

-

628,661

At 31 July 2023

623,401

17,188

8,115

648,704

 

Howard Court Care Home Limited

Notes to the financial statements for the Year Ended 31 July 2024 (continued)

6

DEBTORS

Current

2024
£

2023
£

Trade debtors

1,988

-

Prepayments

7,745

16,673

Other debtors

28,065

-

 

37,798

16,673

7

CREDITORS

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

11,180

9,884

Taxation and social security

84,336

46,699

Accruals and deferred income

45,343

21,710

Other creditors

110,634

224,797

251,493

303,090