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REGISTERED NUMBER: 01916601 (England and Wales)













Financial Statements

for the Year Ended 31 August 2024

for

Avenue Community Nursing Home Limited

Avenue Community Nursing Home Limited (Registered number: 01916601)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Avenue Community Nursing Home Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs P Fellows
Mrs D Harland





SECRETARY: Mrs P Fellows





REGISTERED OFFICE: 47 The Avenue
Linthorpe
Middlesbrough
TS5 6PE





REGISTERED NUMBER: 01916601 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditor
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Avenue Community Nursing Home Limited (Registered number: 01916601)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,544 140,007

CURRENT ASSETS
Stocks 1,070 730
Debtors 5 41,937 34,030
Cash at bank and in hand 145,205 116,643
188,212 151,403
CREDITORS
Amounts falling due within one year 6 27,970 17,085
NET CURRENT ASSETS 160,242 134,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,786

274,325

PROVISIONS FOR LIABILITIES 715 750
NET ASSETS 299,071 273,575

RESERVES
Income and expenditure account 299,071 273,575
299,071 273,575

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 22 May 2025 and were signed on its behalf by:





Mrs P Fellows - Director


Avenue Community Nursing Home Limited (Registered number: 01916601)

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

1. STATUTORY INFORMATION

Avenue Community Nursing Home Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

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 the fees received for the upkeep and care of resident patients.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost and 10% on cost
Computer equipment - 33% on cost

The freehold property is reviewed for impairment annually. No depreciation has been charged on freehold property by the directors on the grounds that any charge would be immaterial.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Avenue Community Nursing Home Limited (Registered number: 01916601)

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

2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 136,015 57,821 1,078 194,914
Additions - 1,737 - 1,737
At 31 August 2024 136,015 59,558 1,078 196,651
DEPRECIATION
At 1 September 2023 - 53,830 1,077 54,907
Charge for year - 2,200 - 2,200
At 31 August 2024 - 56,030 1,077 57,107
NET BOOK VALUE
At 31 August 2024 136,015 3,528 1 139,544
At 31 August 2023 136,015 3,991 1 140,007

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,083 33,030
Other debtors 2,700 261
Prepayments 1,154 739
41,937 34,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation 6,125 1,850
Social security and other taxes 10,454 6,691
Other creditors 4,117 69
Accruals and deferred income 7,274 8,475
27,970 17,085

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

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

Avenue Community Nursing Home Limited (Registered number: 01916601)

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

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included on the balance sheet amount to £28,323 (2023 - £35,404) relating to amounts payable under operating leases.

9. STATUS OF THE COMPANY

The company is limited by guarantee and has no share capital.