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REGISTERED NUMBER: SC329079 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RIVENDELL CARE SERVICES LIMITED

RIVENDELL CARE SERVICES LIMITED (REGISTERED NUMBER: SC329079)






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


RIVENDELL CARE SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: A N Stewart
C G Stewart
A M Stewart





REGISTERED OFFICE: c/o Haines Watts, Cluny Court
John Smith Business Park
Chapelton Drive
Kirkcaldy
Fife
KY2 6QJ





REGISTERED NUMBER: SC329079 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

RIVENDELL CARE SERVICES LIMITED (REGISTERED NUMBER: SC329079)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 113,249 88,855
Investments 6 100 100
113,349 88,955

CURRENT ASSETS
Stocks 800 729
Debtors 7 271,703 214,276
Cash at bank and in hand 58,343 76,668
330,846 291,673
CREDITORS
Amounts falling due within one year 8 143,204 119,766
NET CURRENT ASSETS 187,642 171,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,991

260,862

CREDITORS
Amounts falling due after more than one
year

9

(10,158

)

(22,635

)

PROVISIONS FOR LIABILITIES 11 (19,212 ) (17,819 )
NET ASSETS 271,621 220,408

CAPITAL AND RESERVES
Called up share capital 12 355 355
Retained earnings 271,266 220,053
SHAREHOLDERS' FUNDS 271,621 220,408

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 directors acknowledge their 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.

RIVENDELL CARE SERVICES LIMITED (REGISTERED NUMBER: SC329079)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





A N Stewart - Director


RIVENDELL CARE SERVICES LIMITED (REGISTERED NUMBER: SC329079)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Rivendell Care Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Rivendell Care Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER
Turnover represents invoiced amounts received from the provision of elderly care services.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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.

INVESTMENT IN SUBSIDIARY
The investment in the subsidiary is recorded at cost.

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.

RIVENDELL CARE SERVICES LIMITED (REGISTERED NUMBER: SC329079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Tenants improvements - 10% on reducing balance and 5% per annum reducing balance
Fixtures and fittings - 15% per annum reducing balance and 5% per annum reducing balance
Motor vehicles - 5% per annum reducing balance
Computer equipment - 33% per annum on cost and 5% per annum reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


RIVENDELL CARE SERVICES LIMITED (REGISTERED NUMBER: SC329079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

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.

VALUE ADDED TAX
The trading activities for the company are exempt from value added tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 17,156
AMORTISATION
At 1 November 2023
and 31 October 2024 17,156
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

RIVENDELL CARE SERVICES LIMITED (REGISTERED NUMBER: SC329079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Tenants and Motor Computer
improvements fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 3,215 197,868 47,417 2,406 250,906
Additions 18,000 1,481 9,995 - 29,476
At 31 October 2024 21,215 199,349 57,412 2,406 280,382
DEPRECIATION
At 1 November 2023 2,314 144,224 15,488 25 162,051
Charge for year 122 2,744 2,096 120 5,082
At 31 October 2024 2,436 146,968 17,584 145 167,133
NET BOOK VALUE
At 31 October 2024 18,779 52,381 39,828 2,261 113,249
At 31 October 2023 901 53,644 31,929 2,381 88,855

6. FIXED ASSET INVESTMENTS
Investment
in
subsidiary
£   
COST
At 1 November 2023
and 31 October 2024 100
NET BOOK VALUE
At 31 October 2024 100
At 31 October 2023 100

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 8,379 9,775
Amounts owed by group undertakings 10,000 10,000
Other debtors 6,145 4,575
24,524 24,350

Amounts falling due after more than one year:
Amounts owed by group undertakings 247,179 189,926

Aggregate amounts 271,703 214,276

RIVENDELL CARE SERVICES LIMITED (REGISTERED NUMBER: SC329079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,523 10,648
Hire purchase contracts 5,848 3,954
Trade creditors 30,599 14,921
Taxation and social security 29,738 13,479
Other creditors 65,496 76,764
143,204 119,766

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 703 13,101
Hire purchase contracts 9,455 9,534
10,158 22,635

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 12,226 23,749

The bank hold a floating charge over the assets of the company.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19,212 17,819

Deferred
tax
£   
Balance at 1 November 2023 17,819
Charge to Statement of Income and Retained Earnings during year 1,393
Balance at 31 October 2024 19,212

The provision for deferred taxation is made up of accelerated capital allowances.

RIVENDELL CARE SERVICES LIMITED (REGISTERED NUMBER: SC329079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
197 Ordinary A £1 197 215
(2023 - 215 )
80 Ordinary B £1 80 80
60 Ordinary C £1 60 60
18 Ordinary D £1 18 -
355 355

During the year 18 Ordinary £1 shares were reclassified to 18 D ordinary £1 shares.

Ordinary A, B, C and D shares rank parri passu in terms of: voting rights, each share being entitled to one vote, rights to participate in any distribution of capital on winding up of the company and rights to a varying dividend as a class of share.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
C G Stewart
Balance outstanding at start of year (71 ) 1,929
Amounts repaid (1,000 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,071 ) (71 )

A M Stewart
Balance outstanding at start of year (52 ) 1,448
Amounts repaid - (1,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (52 ) (52 )

Included in "Other creditors" is a balance of £767 (2023 - £3,728) due to a director. The loan is subject to interest on balances in excess of £10,000 and is repayable on demand.