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REGISTERED NUMBER: 06538923 (England and Wales)










Financial Statements

for the Year Ended 31 August 2024

for

Fernbrook Care Homes Limited

Fernbrook Care Homes Limited (Registered number: 06538923)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Fernbrook Care Homes Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M A Raja



REGISTERED OFFICE: 20 Lodwick
Shoeburyness
Essex
SS3 9HW



REGISTERED NUMBER: 06538923 (England and Wales)



AUDITORS: Alderton Accountancy Limited, Statutory Auditor
Chartered Certified Accountants
Registered Auditors
962 Eastern Avenue
Newbury Park
Ilford
Essex
IG2 7JD



BANKERS: Barclays Bank
Southend-On-Sea
Lecicestershire
Leicestershire
LE87 2BB

Fernbrook Care Homes Limited (Registered number: 06538923)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,501,567 1,502,089
1,501,567 1,502,089

CURRENT ASSETS
Debtors 6 640,880 459,631
Cash at bank and in hand 109,772 282,887
750,652 742,518
CREDITORS
Amounts falling due within one year 7 216,970 279,448
NET CURRENT ASSETS 533,682 463,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,035,249

1,965,159

PROVISIONS FOR LIABILITIES 58,146 58,146
NET ASSETS 1,977,103 1,907,013

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 174,437 174,437
Retained earnings 9 1,802,566 1,732,476
SHAREHOLDERS' FUNDS 1,977,103 1,907,013

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 director and authorised for issue on 8 April 2025 and were signed by:





M A Raja - Director


Fernbrook Care Homes Limited (Registered number: 06538923)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Fernbrook Care 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 as modified by the revaluation of certain assets.

The company is a member of a small group, where the parent of the group prepares publicly available
consolidated financial statements, including this company.

The financial statements of the company are consolidated in the financial statements of Springfield Holdings Limited. These consolidated financial statements are available from its registered office address; 20 Lodwick Shoeburyness, Essex, SS3 9HW.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Revenue is recognised when the principal contractual obligation is fulfilled, that is typically when a service user has received care services, which are usually provided on a daily basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, 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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 50 years based on cost/revalued amount
Plant and machinery etc - 25% on reducing balance

A full year's depreciation is charged in the year an asset is purchased, and no depreciation is charged in the year of its disposal.
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 the income statement.

Fernbrook Care Homes Limited (Registered number: 06538923)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

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.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 23 ) .

Fernbrook Care Homes Limited (Registered number: 06538923)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 370,000
AMORTISATION
At 1 September 2023
and 31 August 2024 370,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 1,500,000 92,304 1,592,304
DEPRECIATION
At 1 September 2023 - 90,215 90,215
Charge for year - 522 522
At 31 August 2024 - 90,737 90,737
NET BOOK VALUE
At 31 August 2024 1,500,000 1,567 1,501,567
At 31 August 2023 1,500,000 2,089 1,502,089

Included in cost or valuation of land and buildings is freehold land of £ 600,000 (2023 - £ 600,000 ) which is not depreciated.

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2022 232,583 - 232,583
Cost 1,267,417 92,304 1,359,721
1,500,000 92,304 1,592,304

Freehold Land and Buildings were valued on an open market basis on 31 August 2022 by the Directors .

Fernbrook Care Homes Limited (Registered number: 06538923)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

The Director is of the opinion that the carrying amount of freehold land and buildings reflect their fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,321 122,971
Amounts owed by group undertakings 584,991 326,692
Other debtors 14,434 834
Payments on account to suppliers 9,134 9,134
640,880 459,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,212 37,069
Amounts owed to group undertakings - 20,518
Tax 39,974 21,541
Social security and other taxes 9,947 22,988
Other creditors 55,423 102,276
Wages and salaries control 38,677 42,256
Accrued expenses 18,737 32,800
216,970 279,448

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2023 1,732,476 174,437 1,906,913
Profit for the year 321,782 321,782
Dividends (251,692 ) (251,692 )
At 31 August 2024 1,802,566 174,437 1,977,003

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

The Report of the Auditors was unqualified.

Jamil Raja (Senior Statutory Auditor)
for and on behalf of Alderton Accountancy Limited, Statutory Auditor