Company Registration No. 14432245 (England and Wales)
MOORCROFT RESIDENTIAL CARE HOME LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
MOORCROFT RESIDENTIAL CARE HOME LIMITED
COMPANY INFORMATION
Directors
Mr M.J. Wilkes
Mrs A J Wilkes
Company number
14432245
Registered office
6 Bryn Gosol Road
Llanrhos
Llandudno
Conwy
Wales
LL301NT
Accountants
Gareth Hughes & Company Limited
The Round House
Glan-y-Mor Road
Llandudno Junction
Conwy
LL31 9SN
MOORCROFT RESIDENTIAL CARE HOME LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
MOORCROFT RESIDENTIAL CARE HOME LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February 2025
- 1 -
28 February 2025
29 February 2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
859,993
859,993
Tangible assets
4
703,815
600,225
1,563,808
1,460,218
Current assets
Debtors
5
18,322
2,785
Cash at bank and in hand
82,525
102,579
100,847
105,364
Creditors: amounts falling due within one year
6
(446,072)
(465,176)
Net current liabilities
(345,225)
(359,812)
Total assets less current liabilities
1,218,583
1,100,406
Creditors: amounts falling due after more than one year
7
(1,019,848)
(1,030,978)
Provisions for liabilities
8
(43,494)
(16,936)
Net assets
155,241
52,492
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
155,141
52,392
Total equity
155,241
52,492
MOORCROFT RESIDENTIAL CARE HOME LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025
28 February 2025
- 2 -

For the financial year ended 28 February 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 May 2025 and are signed on its behalf by:
Mr M.J. Wilkes
Director
Company registration number 14432245 (England and Wales)
MOORCROFT RESIDENTIAL CARE HOME LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

Moorcroft Residential Care Home Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Bryn Gosol Road, Llanrhos, Llandudno, Conwy, Wales, LL301NT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services exempt from VAT and net of trade discounts.

 

 

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost. Goodwill is not amortised as required by FRS 102, as an annual review is carried out to consider the market value of said goodwill.

 

 

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% Straight Line Method
Plant and equipment
15% Reducing Balance Method
Computers
20% Reducing Balance Method
Motor vehicles
25% Straight Line Method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

MOORCROFT RESIDENTIAL CARE HOME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
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 balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount..

MOORCROFT RESIDENTIAL CARE HOME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
34
34
3
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2024 and 28 February 2025
859,993
Amortisation and impairment
At 1 March 2024 and 28 February 2025
-
0
Carrying amount
At 28 February 2025
859,993
At 29 February 2024
859,993
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 March 2024
543,347
82,359
625,706
Additions
12,000
127,402
139,402
At 28 February 2025
555,347
209,761
765,108
Depreciation and impairment
At 1 March 2024
10,866
14,615
25,481
Depreciation charged in the year
11,107
24,705
35,812
At 28 February 2025
21,973
39,320
61,293
Carrying amount
At 28 February 2025
533,374
170,441
703,815
At 29 February 2024
532,481
67,744
600,225
MOORCROFT RESIDENTIAL CARE HOME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
18,322
2,785
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
43,373
39,373
Trade creditors
-
0
1,290
Taxation and social security
45,451
35,809
Other creditors
357,248
388,704
446,072
465,176
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
983,274
1,030,978
Other creditors
36,574
-
0
1,019,848
1,030,978
Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
809,783
873,486
8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
43,494
16,936
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
50
50
50
50
Ordinary B Shares of £1 each
50
50
50
50
100
100
100
100
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