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COMPANY REGISTRATION NUMBER: 02650316
STOCKS HALL CARE HOMES (2) LIMITED
FILLETED FINANCIAL STATEMENTS
31 October 2024
STOCKS HALL CARE HOMES (2) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
STOCKS HALL CARE HOMES (2) LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
188,645
196,305
Current assets
Stocks
102,045
67,625
Debtors
6
155,292
153,629
---------
---------
257,337
221,254
Creditors: amounts falling due within one year
7
406,530
298,863
---------
---------
Net current liabilities
149,193
77,609
---------
---------
Total assets less current liabilities
39,452
118,696
Provisions
Taxation including deferred tax
8,845
8,859
--------
---------
Net assets
30,607
109,837
--------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
30,507
109,737
--------
---------
Shareholder funds
30,607
109,837
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 16 July 2025 , and are signed on behalf of the board by:
S. E. Lace
G. B. T. Jones
Director
Director
Company registration number: 02650316
STOCKS HALL CARE HOMES (2) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bank House, 260-268 Chapel Street, Salford, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": - Disclosures in respect of each class of share capital have not been presented. - No cash flow statement has been presented for the company. - Disclosures in respect of financial instruments have not been presented. - Disclosures in respect of share-based payments have not been presented. - No disclosure has been given for the aggregate remuneration of key management personnel. This information is included in the consolidated financial statements of Stocks Hall Care Homes Limited as at 31 October 2024 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads and profit based on a normal level of activity. Provision is made for any foreseeable losses where appropriate.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Tangible assets
Freehold property
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2023
150,000
277,002
28,000
455,002
Additions
9,600
9,600
Disposals
( 5,500)
( 5,500)
---------
---------
--------
---------
At 31 October 2024
150,000
277,002
32,100
459,102
---------
---------
--------
---------
Depreciation
At 1 November 2023
9,000
236,643
13,054
258,697
Charge for the year
3,000
8,073
6,119
17,192
Disposals
( 5,432)
( 5,432)
---------
---------
--------
---------
At 31 October 2024
12,000
244,716
13,741
270,457
---------
---------
--------
---------
Carrying amount
At 31 October 2024
138,000
32,286
18,359
188,645
---------
---------
--------
---------
At 31 October 2023
141,000
40,359
14,946
196,305
---------
---------
--------
---------
Tangible assets held at valuation
The company's freehold property was valued on 31 October 2020 by Knight Frank, an independent valuer, and is based on open market values.
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Freehold property
£
At 31 October 2024
Aggregate cost
1,398,042
Aggregate depreciation
(249,318)
------------
Carrying value
1,148,724
------------
At 31 October 2023
Aggregate cost
1,398,042
Aggregate depreciation
(221,357)
------------
Carrying value
1,176,685
------------
6. Debtors
2024
2023
£
£
Trade debtors
7,570
10,441
Amounts owed by group undertakings
135,680
131,934
Other debtors
12,042
11,254
---------
---------
155,292
153,629
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
223,706
222,035
Trade creditors
130,923
32,286
Social security and other taxes
44,732
37,970
Other creditors
7,169
6,572
---------
---------
406,530
298,863
---------
---------
8. Contingencies
Stocks Hall Care Homes (2) Limited and its parent company Stocks Hall Care Homes Limited are subject to an inter-company guarantee in favour of the company's bankers. At 31 October 2024 the company had a contingent liability under this agreement amounting to £9,102,470 (2023: £8,732,576).
9. Summary audit opinion
The auditor's report dated 16 July 2025 was unqualified .
The senior statutory auditor was Fraser Wolff FCCA , for and on behalf of Edwards Veeder LLP .
10. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2024
2023
2024
2023
£
£
£
£
Mawdesley Leisure Ltd
24,975
22,590
5,340
9,984
--------
--------
-------
-------
Mawdesley Leisure Ltd is related by virtue of a common directorship. The company has taken advantage of the exemption available in Section 33 of FRS102 "Related Party Disclosures" whereby it has not disclosed transactions with its ultimate parent company or any wholly owned subsidiary undertaking of the group.
11. Controlling party
The company's ultimate parent company is Stocks Hall Care Homes Limited , a company incorporated in England and Wales. Copies of the ultimate parent company's financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.