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REGISTERED NUMBER: NI610879 (Northern Ireland)















COVE MANOR CARE HOME LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2024






COVE MANOR CARE HOME LIMITED (REGISTERED NUMBER: NI610879)






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 4


COVE MANOR CARE HOME LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Siobhan McCartney
Sean McCartney
Rory McVey
Kate McVey





REGISTERED OFFICE: 89 Mullinahoe Road
Ardboe
Dungannon
Co. Tyrone
BT71 5AU





REGISTERED NUMBER: NI610879 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

COVE MANOR CARE HOME LIMITED (REGISTERED NUMBER: NI610879)

Statement of Financial Position
31 AUGUST 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 - 311,925
- 311,925

CURRENT ASSETS
Receivables 7 51,531 48,964
Cash at bank 463,219 449,491
514,750 498,455
PAYABLES
Amounts falling due within one year 8 (55,204 ) (181,745 )
NET CURRENT ASSETS 459,546 316,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,546

628,635

PROVISIONS FOR LIABILITIES (33,659 ) (33,659 )
NET ASSETS 425,887 594,976

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 425,883 594,972
425,887 594,976

COVE MANOR CARE HOME LIMITED (REGISTERED NUMBER: NI610879)

Statement of Financial Position - continued
31 AUGUST 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 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.

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 9 May 2025 and were signed on its behalf by:




Rory McVey - Director



Sean McCartney - Director


COVE MANOR CARE HOME LIMITED (REGISTERED NUMBER: NI610879)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Cove Manor Care Home Limited is a private company, limited by shares, incorporated in Northern Ireland.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
The revenue shown in the income statement represents amounts received or receivable for goods and services provided in the normal course of business, exclusive of Value Added Tax. Revenue is recognised upon the date the resident stays at the care home.

Goodwill
Purchases goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Fixtures and fittings - 15% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at 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 balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future.

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 44 ) .

COVE MANOR CARE HOME LIMITED (REGISTERED NUMBER: NI610879)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 September 2023
and 31 August 2024 324,219
AMORTISATION
At 1 September 2023
and 31 August 2024 324,219
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 September 2023 259,611 122,716 382,327
Additions - 8,200 8,200
Disposals (259,611 ) (130,916 ) (390,527 )
At 31 August 2024 - - -
DEPRECIATION
At 1 September 2023 - 70,402 70,402
Eliminated on disposal - (70,402 ) (70,402 )
At 31 August 2024 - - -
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 259,611 52,314 311,925

7. RECEIVABLES
2024 2023
£ £
Trade receivables - 44,918
Directors' current accounts 49,294 -
Prepayments and accrued income 2,237 4,046
51,531 48,964

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 10,088 54,165
Other payables 45,116 127,580
55,204 181,745

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 August 2024, there is a balance of £49,292 owed by directors to the company (Prior Year had balance of £124,528 owed by the company to the directors).