Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312025-05-2241false2023-05-01falseNo description of principal activity41truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04599793 2023-05-01 2024-03-31 04599793 2022-05-01 2023-04-30 04599793 2024-03-31 04599793 2023-04-30 04599793 c:Director1 2023-05-01 2024-03-31 04599793 d:MotorVehicles 2023-05-01 2024-03-31 04599793 d:MotorVehicles 2024-03-31 04599793 d:MotorVehicles 2023-04-30 04599793 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 04599793 d:FurnitureFittings 2023-05-01 2024-03-31 04599793 d:FurnitureFittings 2024-03-31 04599793 d:FurnitureFittings 2023-04-30 04599793 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 04599793 d:OtherPropertyPlantEquipment 2023-05-01 2024-03-31 04599793 d:OtherPropertyPlantEquipment 2024-03-31 04599793 d:OtherPropertyPlantEquipment 2023-04-30 04599793 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 04599793 d:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 04599793 d:CurrentFinancialInstruments 2024-03-31 04599793 d:CurrentFinancialInstruments 2023-04-30 04599793 d:Non-currentFinancialInstruments 2024-03-31 04599793 d:Non-currentFinancialInstruments 2023-04-30 04599793 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04599793 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04599793 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04599793 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 04599793 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 04599793 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 04599793 d:ShareCapital 2024-03-31 04599793 d:ShareCapital 2023-04-30 04599793 d:RetainedEarningsAccumulatedLosses 2024-03-31 04599793 d:RetainedEarningsAccumulatedLosses 2023-04-30 04599793 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04599793 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 04599793 c:FRS102 2023-05-01 2024-03-31 04599793 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 04599793 c:FullAccounts 2023-05-01 2024-03-31 04599793 c:PrivateLimitedCompanyLtd 2023-05-01 2024-03-31 04599793 2 2023-05-01 2024-03-31 04599793 7 2023-05-01 2024-03-31 04599793 e:PoundSterling 2023-05-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04599793









HOLLOW OAK NURSING HOME LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
HOLLOW OAK NURSING HOME LIMITED
REGISTERED NUMBER: 04599793

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 April
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
92,357
106,074

  
92,357
106,074

Current assets
  

Stocks
  
-
1,556

Debtors: amounts falling due within one year
 6 
426,322
80,006

Cash at bank and in hand
 7 
80,569
37,121

  
506,891
118,683

Creditors: amounts falling due within one year
 8 
(307,808)
(99,197)

Net current assets
  
 
 
199,083
 
 
19,486

Total assets less current liabilities
  
291,440
125,560

Creditors: amounts falling due after more than one year
  
(88,667)
-

Provisions for liabilities
  

Deferred tax
  
(2,830)
(2,812)

  
 
 
(2,830)
 
 
(2,812)

Net assets
  
199,943
122,748


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
199,843
122,648

  
199,943
122,748


Page 1

 
HOLLOW OAK NURSING HOME LIMITED
REGISTERED NUMBER: 04599793
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr A M Magee
Director

Date: 22 May 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
HOLLOW OAK NURSING HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Hollow Oak Nursing Home Limited is a private company, limited by shares, registered in England and Wales. The address of the company’s registered office and principal place of business is Haverthwaite, Ulverston, Cumbria, LA12 8AD. The company's principal activity is that of a residential care home.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
HOLLOW OAK NURSING HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
HOLLOW OAK NURSING HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Leasehold improvements
-
over the period of the lease (straight line)

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
HOLLOW OAK NURSING HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires the use of estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Any estimate that has a degree of uncertainty or where judgement has been exercised in a particular area is expressly disclosed within the relevant accounting policy.


4.


Employees

The average monthly number of employees, including directors, during the period was 41 (2023 - 41).

Page 6

 
HOLLOW OAK NURSING HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Tangible fixed assets







Motor vehicles
Fixtures and fittings
Leasehold improvements
Total

£
£
£
£



Cost or valuation


At 1 May 2023
45,945
185,245
671,974
903,164


Additions
-
7,617
-
7,617


Disposals
(27,645)
-
-
(27,645)



At 31 March 2024

18,300
192,862
671,974
883,136



Depreciation


At 1 May 2023
35,240
153,856
607,994
797,090


Charge for the period on owned assets
1,159
4,858
7,184
13,201


Disposals
(19,512)
-
-
(19,512)



At 31 March 2024

16,887
158,714
615,178
790,779



Net book value



At 31 March 2024
1,413
34,148
56,796
92,357



At 30 April 2023
10,705
31,389
63,980
106,074


6.


Debtors

31 March
30 April
2024
2023
£
£


Trade debtors
-
62,967

Amounts owed by group undertakings
388,556
-

Prepayments and accrued income
37,766
17,039

426,322
80,006


Page 7

 
HOLLOW OAK NURSING HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Cash and cash equivalents

31 March
30 April
2024
2023
£
£

Cash at bank and in hand
80,569
37,121

80,569
37,121



8.


Creditors: Amounts falling due within one year

31 March
30 April
2024
2023
£
£

Bank loans
43,752
18,750

Trade creditors
6,505
3,090

Amounts owed to group undertakings
2,448
-

Corporation tax
6,103
-

Other taxation and social security
73,978
23,563

Other creditors
141,611
47,955

Accruals and deferred income
33,411
5,839

307,808
99,197



9.


Creditors: Amounts falling due after more than one year

31 March
30 April
2024
2023
£
£

Bank loans
88,667
-

88,667
-


Page 8

 
HOLLOW OAK NURSING HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

10.


Loans


Analysis of the maturity of loans is given below:


31 March
30 April
2024
2023
£
£

Amounts falling due within one year

Bank loans
43,752
18,750


43,752
18,750


Amounts falling due 2-5 years

Bank loans
88,667
-


88,667
-


132,419
18,750



11.


Deferred taxation






2024


£






At beginning of year
(2,812)


Utilised in year
(18)



At end of year
(2,830)

The provision for deferred taxation is made up as follows:

31 March
30 April
2024
2023
£
£


Accelerated capital allowances
(2,830)
(2,812)

(2,830)
(2,812)

Page 9

 
HOLLOW OAK NURSING HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £27,770 (2023 - £48,726). Contributions totalling £1,653 (2023 - £1,062) were payable to the fund at the reporting date and are included in creditors.


13.


Transactions with directors

At the balance sheet date the sum of £nil was owed to the company by a director (2023 : £nil). The loan is repayable on demand. No interest is payable by the company but interest is charged to the director at HM Revenue & Customs' official rates for beneficial loans on overdrawn balances. The maximum sum owed to the company during the year was £87,970 and the maximum sum owed by the company during the year was £nil.


14.


Related party transactions

At the balance sheet date there was a balance due from a fellow subsidiary of £300,317 (2023 : nil due from a fellow subsidiary). Interest of £11,999 has been received from the fellow subsidiary.
At the balance sheet date there was a balance due from the parent company of £88,239 (2023 : £nil). Interest of £87 has been received from the parent company.
At the balance sheet date there was a balance due to a fellow subsidiary of £2,488 (2023 : £nil). Interest of £83 has been paid to the fellow subsidiary.


15.


Controlling party

The parent company is Octo Healthcare Limited, a company incorporated in England & Wales. The ultimate controlling party is Mr A M Magee.

 
Page 10