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REGISTERED NUMBER: 02202399 (England and Wales)









EASTFIELD CARE HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






EASTFIELD CARE HOMES LIMITED (REGISTERED NUMBER: 02202399)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EASTFIELD CARE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Dr D Greenwood





SECRETARY: Mrs J P Greenwood





REGISTERED OFFICE: Eastfield Nursing Home
Hill Brow Road
Liss
Hampshire
GU33 7PS





REGISTERED NUMBER: 02202399 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

EASTFIELD CARE HOMES LIMITED (REGISTERED NUMBER: 02202399)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,944,958 3,036,782
2,944,958 3,036,782

CURRENT ASSETS
Stocks 3,000 2,850
Debtors 6 1,498,342 1,304,707
Cash at bank and in hand 309,276 668,335
1,810,618 1,975,892
CREDITORS
Amounts falling due within one year 7 504,473 797,373
NET CURRENT ASSETS 1,306,145 1,178,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,251,103

4,215,301

CREDITORS
Amounts falling due after more than one
year

8

(522,734

)

(641,803

)

PROVISIONS FOR LIABILITIES 10 (494,176 ) (500,187 )
NET ASSETS 3,234,193 3,073,311

CAPITAL AND RESERVES
Called up share capital 309,652 309,652
Revaluation reserve 1,252,534 1,260,915
Retained earnings 1,672,007 1,502,744
SHAREHOLDERS' FUNDS 3,234,193 3,073,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EASTFIELD CARE HOMES LIMITED (REGISTERED NUMBER: 02202399)

BALANCE SHEET - continued
30 SEPTEMBER 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 23 July 2025 and were signed by:





Dr D Greenwood - Director


EASTFIELD CARE HOMES LIMITED (REGISTERED NUMBER: 02202399)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Eastfield Care Homes 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is derived from the sum total of all agreed fees invoices issued in respect of residents' care during the period under review, as adjusted for accrued income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1995, is being amortised evenly over its estimated useful life of twenty 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.


EASTFIELD CARE HOMES LIMITED (REGISTERED NUMBER: 02202399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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 shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

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.

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 59 (2023 - 58 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 95,000
AMORTISATION
At 1 October 2023
and 30 September 2024 95,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

EASTFIELD CARE HOMES LIMITED (REGISTERED NUMBER: 02202399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 4,121,317 383,908 211,242
Additions - 18,428 6,619
At 30 September 2024 4,121,317 402,336 217,861
DEPRECIATION
At 1 October 2023 1,135,078 362,261 191,623
Charge for year 82,426 21,304 10,902
At 30 September 2024 1,217,504 383,565 202,525
NET BOOK VALUE
At 30 September 2024 2,903,813 18,771 15,336
At 30 September 2023 2,986,239 21,647 19,619

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 50,094 7,539 4,774,100
Additions - 634 25,681
At 30 September 2024 50,094 8,173 4,799,781
DEPRECIATION
At 1 October 2023 42,156 6,200 1,737,318
Charge for year 1,985 888 117,505
At 30 September 2024 44,141 7,088 1,854,823
NET BOOK VALUE
At 30 September 2024 5,953 1,085 2,944,958
At 30 September 2023 7,938 1,339 3,036,782

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 377,542 518,733
Other debtors 453,300 174,025
830,842 692,758

Amounts falling due after more than one year:
Other debtors 667,500 611,949

Aggregate amounts 1,498,342 1,304,707

EASTFIELD CARE HOMES LIMITED (REGISTERED NUMBER: 02202399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,400 41,862
Trade creditors 188,208 528,534
Taxation and social security 261,377 208,204
Other creditors 22,488 18,773
504,473 797,373

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 522,734 641,803

Amounts falling due in more than five years:

Repayable by instalments
Mortgage Loans 369,752 447,974

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 555,134 683,665

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 494,176 500,187

Deferred
tax
£   
Balance at 1 October 2023 500,187
Accelerated capital allowances (3,217 )
Revaluation reserve (2,794 )
Balance at 30 September 2024 494,176

EASTFIELD CARE HOMES LIMITED (REGISTERED NUMBER: 02202399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Dr D Greenwood
Balance outstanding at start of year 146,578 120,409
Amounts advanced 249,227 26,169
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 395,805 146,578