Registered number
08311575
CHASEBOROUGH HOUSE CARE LIMITED
Filleted Abridged Accounts
31 October 2024
CHASEBOROUGH HOUSE CARE LIMITED
Registered number: 08311575
Abridged Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,102,959 615,739
Current assets
Debtors 124,779 126,429
Cash at bank and in hand 14,316 10,531
139,095 136,960
Creditors: amounts falling due within one year (98,680) (111,258)
Net current assets 40,415 25,702
Total assets less current liabilities 1,143,374 641,441
Creditors: amounts falling due after more than one year (730,841) (730,744)
Provisions for liabilities (121,990) -
Net assets/(liabilities) 290,543 (89,303)
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account 270,543 (109,303)
Shareholders' funds 290,543 (89,303)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Christine Watson
Director
Approved by the board on 16 July 2025
CHASEBOROUGH HOUSE CARE LIMITED
Notes to the Abridged Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Fair Value
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Total
£
Cost
At 1 November 2023 670,867
Surplus on revaluation 487,959
At 31 October 2024 1,158,826
Depreciation
At 1 November 2023 55,128
Charge for the year 739
At 31 October 2024 55,867
Net book value
At 31 October 2024 1,102,959
At 31 October 2023 615,739
Freehold land and buildings: 2024 2023
£ £
Historical cost 612,041 612,041
Cumulative depreciation based on historical cost - -
612,041 612,041
4 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 730,841 730,744
Secured bank loan is Shawbrook Mortgage
5 Related party transactions
Callum Watson lived in the bungalow for 8 months at £1500.00 per month, in the prior year bungalow rent was £900.00 per month (an increase of 66%) to bring in line with market value. £12000.00 has been journaled via DLA in accounts. Watson Family Homes owes Chaseborough House Care Ltd £124779 via an intercompany loan.
6 Controlling party
Christine Watson is sole director.
7 Share Capital 2024 2023
£ £
Authorised Issued & Paid 20,000 20,000
20,000 20,000
8 Other information
CHASEBOROUGH HOUSE CARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Chaseborough House, Village Hall Lane
Three Legged Cross
Wimborne
Dorset
BH21 6SG
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