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REGISTERED NUMBER: 08619357 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Springfield Care Home Limited

Springfield Care Home Limited (Registered number: 08619357)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Springfield Care Home Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mrs N M Daniels





REGISTERED OFFICE: Springfield Care Home
Wylam Avenue
Darlington
DL1 2QA





REGISTERED NUMBER: 08619357 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

Springfield Care Home Limited (Registered number: 08619357)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,065,013 1,405,135

CURRENT ASSETS
Debtors 5 49,791 38,818
Cash at bank and in hand 148,682 122,106
198,473 160,924
CREDITORS
Amounts falling due within one year 6 128,793 362,019
NET CURRENT ASSETS/(LIABILITIES) 69,680 (201,095 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,134,693

1,204,040

CREDITORS
Amounts falling due after more than one
year

7

(367,107

)

(664,015

)

PROVISIONS FOR LIABILITIES 10 (24,472 ) (14,577 )
NET ASSETS 743,114 525,448

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 743,014 525,348
743,114 525,448

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Springfield Care Home Limited (Registered number: 08619357)

Balance Sheet - continued
31 October 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 3 June 2025 and were signed by:





Mrs N M Daniels - Director


Springfield Care Home Limited (Registered number: 08619357)

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

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 15% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss.

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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

Springfield Care Home Limited (Registered number: 08619357)

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

2. ACCOUNTING POLICIES - continued

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 55 (2023 - 53 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 1,328,412 412,542 1,740,954
Additions 6,957 54,547 61,504
Disposals (368,244 ) (13,968 ) (382,212 )
At 31 October 2024 967,125 453,121 1,420,246
DEPRECIATION
At 1 November 2023 - 335,819 335,819
Charge for year - 32,218 32,218
Eliminated on disposal - (12,804 ) (12,804 )
At 31 October 2024 - 355,233 355,233
NET BOOK VALUE
At 31 October 2024 967,125 97,888 1,065,013
At 31 October 2023 1,328,412 76,723 1,405,135

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 1,476 2,703
Other debtors 48,315 36,115
49,791 38,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 8,057 57,679
Hire purchase contracts (see note 8) 4,926 4,671
Trade creditors 3,251 7,437
Taxation and social security 94,652 60,350
Other creditors 17,907 231,882
128,793 362,019

Springfield Care Home Limited (Registered number: 08619357)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 341,682 633,664
Hire purchase contracts (see note 8) 25,425 30,351
367,107 664,015

Amounts falling due in more than five years:

Repayable by instalments
Bank loans long term 275,857 356,530

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.10.24 31.10.23
£    £   
Net obligations repayable:
Within one year 4,926 4,671
Between one and five years 25,425 30,351
30,351 35,022

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loan 349,739 691,342

National Westminster Bank PLC hold fixed and floating charges over the assets of the company dated 8th November 2018, 1st March 2019 and 1st March 2019.

10. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 24,472 14,577

Deferred
tax
£   
Balance at 1 November 2023 14,577
timing differences 9,895
Balance at 31 October 2024 24,472

11. RELATED PARTY DISCLOSURES

At 31st October 2024 the company owed Mrs N M Daniels £1,637 (2023: £32,902).

Springfield Care Home Limited (Registered number: 08619357)

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

12. ULTIMATE CONTROLLING PARTY

The director considers that no one party has ultimate control.