Silverfin false false 30/11/2024 01/12/2023 30/11/2024 M S Ghuman 29/11/2004 S Ghuman 08/01/2018 06 June 2025 The principal activity of the Company during the financial year was providing nursing home facilities for the elderly. 05298702 2024-11-30 05298702 bus:Director1 2024-11-30 05298702 bus:Director2 2024-11-30 05298702 2023-11-30 05298702 core:CurrentFinancialInstruments 2024-11-30 05298702 core:CurrentFinancialInstruments 2023-11-30 05298702 core:Non-currentFinancialInstruments 2024-11-30 05298702 core:Non-currentFinancialInstruments 2023-11-30 05298702 core:ShareCapital 2024-11-30 05298702 core:ShareCapital 2023-11-30 05298702 core:RetainedEarningsAccumulatedLosses 2024-11-30 05298702 core:RetainedEarningsAccumulatedLosses 2023-11-30 05298702 core:Goodwill 2023-11-30 05298702 core:Goodwill 2024-11-30 05298702 core:PlantMachinery 2023-11-30 05298702 core:OfficeEquipment 2023-11-30 05298702 core:PlantMachinery 2024-11-30 05298702 core:OfficeEquipment 2024-11-30 05298702 core:CurrentFinancialInstruments core:Secured 2024-11-30 05298702 core:Non-currentFinancialInstruments core:Secured 2024-11-30 05298702 core:MoreThanFiveYears 2024-11-30 05298702 core:MoreThanFiveYears 2023-11-30 05298702 core:WithinOneYear 2024-11-30 05298702 core:WithinOneYear 2023-11-30 05298702 core:BetweenOneFiveYears 2024-11-30 05298702 core:BetweenOneFiveYears 2023-11-30 05298702 2023-12-01 2024-11-30 05298702 bus:FilletedAccounts 2023-12-01 2024-11-30 05298702 bus:SmallEntities 2023-12-01 2024-11-30 05298702 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 05298702 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05298702 bus:Director1 2023-12-01 2024-11-30 05298702 bus:Director2 2023-12-01 2024-11-30 05298702 core:Goodwill core:TopRangeValue 2023-12-01 2024-11-30 05298702 core:Goodwill 2023-12-01 2024-11-30 05298702 core:PlantMachinery 2023-12-01 2024-11-30 05298702 core:OfficeEquipment core:TopRangeValue 2023-12-01 2024-11-30 05298702 2022-12-01 2023-11-30 05298702 core:OfficeEquipment 2023-12-01 2024-11-30 05298702 core:Non-currentFinancialInstruments 2023-12-01 2024-11-30 05298702 1 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Company No: 05298702 (England and Wales)

THE KNOLL NURSING HOME (YEOVIL) LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

THE KNOLL NURSING HOME (YEOVIL) LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

THE KNOLL NURSING HOME (YEOVIL) LIMITED

BALANCE SHEET

As at 30 November 2024
THE KNOLL NURSING HOME (YEOVIL) LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 72,501 39,281
Investments 5 100 100
72,601 39,381
Current assets
Debtors 6 245,912 174,307
Cash at bank and in hand 7 31,211 13,038
277,123 187,345
Creditors: amounts falling due within one year 8 ( 295,111) ( 461,177)
Net current liabilities (17,988) (273,832)
Total assets less current liabilities 54,613 (234,451)
Creditors: amounts falling due after more than one year 9 ( 112,101) ( 59,156)
Net liabilities ( 57,488) ( 293,607)
Capital and reserves
Called-up share capital 2 2
Profit and loss account ( 57,490 ) ( 293,609 )
Total shareholder's deficit ( 57,488) ( 293,607)

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Knoll Nursing Home (Yeovil) Limited (registered number: 05298702) were approved and authorised for issue by the Board of Directors on 06 June 2025. They were signed on its behalf by:

M S Ghuman
Director
THE KNOLL NURSING HOME (YEOVIL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
THE KNOLL NURSING HOME (YEOVIL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Knoll Nursing Home (Yeovil) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 33 Preston Road, Yeovil, BA21 3AE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The company is being supported by loans from it's bankers, it's parent company, the director and the director's immediate family. The director has received assurances that the loans will not need to be fully repaid within the coming year. As such the financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts received or receivable for the provision of care services to the extent that there is a right to consideration and it is recorded at the value of consideration due at the balance sheet date. Turnover not billed to clients is included as accrued income in other debtors.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for the company's activities.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 62 54

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 December 2023 224,614 224,614
At 30 November 2024 224,614 224,614
Accumulated amortisation
At 01 December 2023 224,614 224,614
At 30 November 2024 224,614 224,614
Net book value
At 30 November 2024 0 0
At 30 November 2023 0 0

4. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 December 2023 268,993 11,931 280,924
Additions 44,665 2,415 47,080
At 30 November 2024 313,658 14,346 328,004
Accumulated depreciation
At 01 December 2023 234,831 6,812 241,643
Charge for the financial year 10,677 3,183 13,860
At 30 November 2024 245,508 9,995 255,503
Net book value
At 30 November 2024 68,150 4,351 72,501
At 30 November 2023 34,162 5,119 39,281

5. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 100 100

The Knoll (Yeovil) Trading Ltd was incorporated on 05 July 2023 and is a wholly owned subsidiary of The Knoll Nursing Home (Yeovil) Limited.

6. Debtors

2024 2023
£ £
Trade debtors 113,531 76,938
Other debtors 132,381 97,369
245,912 174,307

7. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 31,211 13,038

8. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured £ 38,952) 44,788 43,370
Trade creditors 7,868 30,451
Other taxation and social security 35,186 33,233
Other creditors 207,269 354,123
295,111 461,177

9. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured £ 83,958) 112,101 59,156

Within the bank loans is a balance of £33,979 which relates to an outstanding amount due from a Coronavirus Bounce Back Loan (2023-£39,669). The UK government have guaranteed 100% of the value of the loan (being £56,260).

Also within bank loans is a balance of £122,911 (2023 - £62,857) which relates to borrowings secured by a personal guarantee from the director and also from the parent company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (secured / repayable by instalments) 3,288 9,733

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 11,076 11,322
between one and five years 32,062 43,138
43,138 54,460

Other financial commitments

2024 2023
£ £
Total future minimum lease payments under cancellable operating leases are as follows: 265,000 270,000

The total amount of financial commitments not included in the balance sheet is £308,138 (2023 - £324,460 ). £265,000 (2023 - £270,000) of this sum relates to the operating lease over the business property, £43,138 (2023-£54,460) of this sum relates to non cancellable operating leases.

The assets of the company are secured by a fixed and floating charge in respect of a loan facility taken out by the parent company Goodliff Limited.

11. Related party transactions

Transactions with owners holding a participating interest in the entity

The company has taken advantage of the exemptions provided from disclosing transactions with its parent and other wholly owned group companies on the grounds that it is a wholly owned subsidiary.

12. Ultimate controlling party

The company's immediate parent is Goodliff Limited, incorporated in England and Wales. Its registered office address is The Knoll Care Home, 33 Preston Road, Yeovil, Somerset, BA21 3AE.

These financial statements are available upon request from Companies House, Cardiff.