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REGISTERED NUMBER: 05201259 (England and Wales)












Financial Statements

for the Year Ended 30 September 2024

for

Bowerswood House Retirement Home Limited

Bowerswood House Retirement Home Limited (Registered number: 05201259)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bowerswood House Retirement Home Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Miss J Wellings
Mrs N Theobald
Mr M Theobald





SECRETARY: Mrs N Theobald





REGISTERED OFFICE: C/O Towers + Gornall Ltd
River View, 96 High Street
Garstang
Preston
Lancashire
PR3 1WZ





REGISTERED NUMBER: 05201259 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Bowerswood House Retirement Home Limited (Registered number: 05201259)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 1,008,166 1,015,079
1,008,166 1,015,079

CURRENT ASSETS
Debtors 6 4,520 11,440
Cash at bank and in hand 6,261 28
10,781 11,468
CREDITORS
Amounts falling due within one year 7 177,592 145,061
NET CURRENT LIABILITIES (166,811 ) (133,593 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

841,355

881,486

CREDITORS
Amounts falling due after more than one
year

8

(244,433

)

(296,883

)

PROVISIONS FOR LIABILITIES (11,478 ) (12,603 )
NET ASSETS 585,444 572,000

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 535,444 522,000
SHAREHOLDERS' FUNDS 585,444 572,000

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Bowerswood House Retirement Home Limited (Registered number: 05201259)

Balance Sheet - continued
30 September 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 2 May 2025 and were signed on its behalf by:




Miss J Wellings - Director



Mrs N Theobald - Director


Bowerswood House Retirement Home Limited (Registered number: 05201259)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Bowerswood House Retirement 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten 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.
Improvements to property - 4% on cost
Fixtures, fitting & equipment - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 20,000
AMORTISATION
At 1 October 2023
and 30 September 2024 20,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Bowerswood House Retirement Home Limited (Registered number: 05201259)

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


5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures,
Freehold to fitting & Motor
property property equipment vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 942,699 9,590 177,276 2,800 1,132,365
Additions - - 489 - 489
At 30 September 2024 942,699 9,590 177,765 2,800 1,132,854
DEPRECIATION
At 1 October 2023 - 6,913 107,573 2,800 117,286
Charge for year - 384 7,018 - 7,402
At 30 September 2024 - 7,297 114,591 2,800 124,688
NET BOOK VALUE
At 30 September 2024 942,699 2,293 63,174 - 1,008,166
At 30 September 2023 942,699 2,677 69,703 - 1,015,079

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,750 10,856
Prepayments 770 584
4,520 11,440

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 13,585
Trade creditors 41,059 26,010
Corporation tax 4,838 3,877
Social security and other taxes 10,137 10,333
Other creditors 36,164 347
Directors' current accounts 81,616 88,749
Accrued expenses 3,778 2,160
177,592 145,061

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Commercial mortgage 219,515 261,918
Other loans - 1-2 years 24,918 34,965
244,433 296,883

Amounts falling due in more than five years:

Repayable by instalments
Commercial mortgage 219,515 261,918

Bowerswood House Retirement Home Limited (Registered number: 05201259)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 219,515 261,918

There is a commercial mortgage outstanding at the 30th September 2024 of £219,515 with Barclays Bank plc. The mortgage is secured over the retirement home known as Bowerswood House.