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REGISTERED NUMBER: 03784089 (England and Wales)





















Abridged Financial Statements For The Year Ended 30 June 2024

for

Solent Cliffs Nursing Home Limited

Solent Cliffs Nursing Home Limited (Registered number: 03784089)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Statement of Changes in Equity 4

Notes to the Financial Statements 5


Solent Cliffs Nursing Home Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: M Allana
J Nathu
Mrs R Allana





SECRETARY:





REGISTERED OFFICE: Solent Cliffs Nursing Home
2 Cliff Road
Fareham
Hampshire
PO14 3JS





REGISTERED NUMBER: 03784089 (England and Wales)





AUDITORS: Citi Partners Consultants LLP
Chartered Accountants & Statutory Auditors
Gatcombe House
Copnor
Portsmouth
Hampshire
PO3 5EJ

Solent Cliffs Nursing Home Limited (Registered number: 03784089)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,501,119 1,553,401
Investments 6 450 450
1,501,569 1,553,851

CURRENT ASSETS
Stocks 5,125 5,125
Debtors 230,462 253,650
Cash at bank and in hand 1,951,541 2,001,001
2,187,128 2,259,776
CREDITORS
Amounts falling due within one year (790,901 ) (612,240 )
NET CURRENT ASSETS 1,396,227 1,647,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,897,796

3,201,387

CREDITORS
Amounts falling due after more than one
year

7

(2,076,903

)

(1,051,643

)

PROVISIONS FOR LIABILITIES (62,563 ) (48,961 )
NET ASSETS 758,330 2,100,783

CAPITAL AND RESERVES
Called up share capital 12,500 18,750
Capital redemption reserve 12,500 6,250
Retained earnings 733,330 2,075,783
SHAREHOLDERS' FUNDS 758,330 2,100,783

Solent Cliffs Nursing Home Limited (Registered number: 03784089)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





M Allana - Director


Solent Cliffs Nursing Home Limited (Registered number: 03784089)

Statement of Changes in Equity
For The Year Ended 30 June 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 July 2022 18,750 1,735,824 6,250 1,760,824

Changes in equity
Total comprehensive income - 339,959 - 339,959
Balance at 30 June 2023 18,750 2,075,783 6,250 2,100,783

Changes in equity
Issue of share capital (6,250 ) - - (6,250 )
Total comprehensive income - (1,342,453 ) 6,250 (1,336,203 )
Balance at 30 June 2024 12,500 733,330 12,500 758,330

Solent Cliffs Nursing Home Limited (Registered number: 03784089)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Solent Cliffs Nursing Home Limited 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.

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.

Turnover
Turnover is measured at the fair value of considerations received, and is recognised in accordance with the period of the provision of care services to which it relates.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 year 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.

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 year 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.

Solent Cliffs Nursing Home Limited (Registered number: 03784089)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2023 - 56 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 176,904
AMORTISATION
At 1 July 2023
and 30 June 2024 176,904
NET BOOK VALUE

At 30 June 2024 -
At 30 June 2023 -

Solent Cliffs Nursing Home Limited (Registered number: 03784089)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 2,780,071
Additions 35,583
At 30 June 2024 2,815,654
DEPRECIATION
At 1 July 2023 1,226,671
Charge for year 87,864
At 30 June 2024 1,314,535
NET BOOK VALUE
At 30 June 2024 1,501,119
At 30 June 2023 1,553,400

Included in cost of land and buildings is freehold land of £ 288,210 (2023 - £ 288,210 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2023
and 30 June 2024 92,160
DEPRECIATION
At 1 July 2023 13,572
Charge for year 15,598
At 30 June 2024 29,170
NET BOOK VALUE
At 30 June 2024 62,990
At 30 June 2023 78,588

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023
and 30 June 2024 450
NET BOOK VALUE
At 30 June 2024 450
At 30 June 2023 450

Solent Cliffs Nursing Home Limited (Registered number: 03784089)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.6.24 30.6.23
£    £   
Repayable by instalments
Bank loans over 5 years 1,173,966 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 2,253,610 1,035,482

The bank holds a legal mortgage over the freehold property and an unscheduled mortgage debenture incorporating a fixed and floating charge over all current and future assets of the company.

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

The Report of the Auditors was unqualified.

Mr S M Versi (Senior Statutory Auditor)
for and on behalf of Citi Partners Consultants LLP

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.