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REGISTERED NUMBER: 02244240 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th November 2024

for

Todmorden Residential Homes Limited

Todmorden Residential Homes Limited (Registered number: 02244240)






Contents of the Financial Statements
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Todmorden Residential Homes Limited

Company Information
for the Year Ended 30th November 2024







DIRECTORS: A R Lord
C S Lord
J K Lord
Miss S Clayton
Mrs K Lord





SECRETARY: Mrs K Lord





REGISTERED OFFICE: Waterside Lodge
60 Rochdale Road
Todmorden
OL14 7LP





REGISTERED NUMBER: 02244240 (England and Wales)

Todmorden Residential Homes Limited (Registered number: 02244240)

Balance Sheet
30th November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,242 11,355

CURRENT ASSETS
Debtors 5 726,502 472,256
Cash at bank - 15,137
726,502 487,393
CREDITORS
Amounts falling due within one year 6 308,075 262,351
NET CURRENT ASSETS 418,427 225,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,669

236,397

CREDITORS
Amounts falling due after more than one
year

7

377,369

224,333
NET ASSETS 49,300 12,064

CAPITAL AND RESERVES
Called up share capital 9 125 125
Retained earnings 49,175 11,939
SHAREHOLDERS' FUNDS 49,300 12,064

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

Todmorden Residential Homes Limited (Registered number: 02244240)

Balance Sheet - continued
30th November 2024


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 Board of Directors and authorised for issue on 30th April 2025 and were signed on its behalf by:




A R Lord - Director C S Lord - Director




J K Lord - Director Mrs K Lord - Director




Miss S Clayton - Director


Todmorden Residential Homes Limited (Registered number: 02244240)

Notes to the Financial Statements
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

Todmorden Residential Homes 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 represents net invoiced sales of services, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% Straight Line Basis
Fixtures and fittings - 10% Straight Line Basis
Motor vehicles - 25% on Reducing Balance
Computer equipment - 33.3% Straight Line Basis

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

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.

Todmorden Residential Homes Limited (Registered number: 02244240)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

2. ACCOUNTING POLICIES - continued

Expenditure
Administrative expenses are inclusive of value added tax where applicable.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 71 (2023 - 69 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2023
and 30th November 2024 490,622
DEPRECIATION
At 1st December 2023 479,267
Charge for year 3,113
At 30th November 2024 482,380
NET BOOK VALUE
At 30th November 2024 8,242
At 30th November 2023 11,355

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Amounts owed by group undertakings 726,251 433,272
Other debtors 251 38,984
726,502 472,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 36,527 30,000
Trade creditors 87,332 50,924
Taxation and social security 115,480 80,244
Other creditors 68,736 101,183
308,075 262,351

Todmorden Residential Homes Limited (Registered number: 02244240)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 219,214 224,333
Other creditors 158,155 -
377,369 224,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments 151,214 142,663

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank overdraft 19,527 -
Bank loans 236,214 254,333
255,741 254,333

The bank overdraft is secured by an unlimited mortgage debenture over the assets of the company and a composite guarantee between the group companies.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
125 Ordinary £1 125 125