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REGISTERED NUMBER: 10606251 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

THREE WILLOWS CARE HOME LIMITED

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THREE WILLOWS CARE HOME LIMITED

Company Information
for the Year Ended 31 AUGUST 2024







DIRECTOR: S A Hussain





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 10606251 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

Balance Sheet
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 85,000 170,000
Tangible assets 5 78,395 74,657
Investments 6 48,000 48,000
211,395 292,657

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 7 337,411 189,711
Cash at bank 244,126 75,032
583,037 266,243
CREDITORS
Amounts falling due within one year 8 221,721 184,522
NET CURRENT ASSETS 361,316 81,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,711

374,378

CREDITORS
Amounts falling due after more than one year 9 (128,580 ) (173,066 )

PROVISIONS FOR LIABILITIES 12 (19,599 ) (18,664 )
NET ASSETS 424,532 182,648

CAPITAL AND RESERVES
Called up share capital 13 136 136
Retained earnings 424,396 182,512
SHAREHOLDERS' FUNDS 424,532 182,648

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 director acknowledges his 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.

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

Balance Sheet - continued
31 AUGUST 2024


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 29 May 2025 and were signed by:





S A Hussain - Director


THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

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

1. STATUTORY INFORMATION

THREE WILLOWS CARE HOME 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.

Turnover
Turnover represents fees receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of eight years.

The directors have considered the requirements under Financial Reporting Standard 102 and after undertaking the annual impairment review they believe that the existing amortisation policy to be fair and accurate.

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 each asset over its estimated useful life.
Fixtures and fittings - 16.67% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 680,000
AMORTISATION
At 1 September 2023 510,000
Charge for year 85,000
At 31 August 2024 595,000
NET BOOK VALUE
At 31 August 2024 85,000
At 31 August 2023 170,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023 164,936
Additions 19,417
At 31 August 2024 184,353
DEPRECIATION
At 1 September 2023 90,279
Charge for year 15,679
At 31 August 2024 105,958
NET BOOK VALUE
At 31 August 2024 78,395
At 31 August 2023 74,657

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.8.24 31.8.23
£    £   
Rental deposits 48,000 48,000

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 37,411 39,711
Sundry loan 300,000 150,000
337,411 189,711

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 10) 46,000 46,000
Trade creditors 54,418 53,297
Tax 108,028 40,971
Social security and other taxes 10,565 8,650
Directors' current accounts 1,800 1,800
Deferred income - 32,904
Accrued expenses 910 900
221,721 184,522

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 10) 128,580 173,066

10. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 46,000 46,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 54,500 54,500

Amounts falling due between two and five years:
Bank loans - 2-5 years 74,080 118,566

11. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 174,580 219,066

The bank loan is secured by way of a fixed and floating charge of the company's assets.

THREE WILLOWS CARE HOME LIMITED (Registered number: 10606251)

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

12. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 19,599 18,664

Deferred
tax
£   
Balance at 1 September 2023 18,664
Charge to Income Statement during year 935
Balance at 31 August 2024 19,599

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
136 Ordinary £1 136 136

14. RELATED PARTY DISCLOSURES

During the year, the company occupied premises which are owned by the shareholders. Rental charged for the period was £46,000 (2023: £66,000).There was no balance owed to the partnership as at 31 August 2024.

At the year end 31 August 2024 there was a loan recoverable of £150,000 (2023: £150,000) from NCHL Investments Limited, a related party by virtue of common ownership and control.

During the year the company advanced loans of £150,000 (2023: £NIL) to Norfolk Care Homes Limited, a related party by virtue of common ownership and control. As at the year end 31 August 2024, the amount of £150,000 remained outstanding.

15. ULTIMATE CONTROLLING PARTY

The controlling party is S A Hussain.