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Registration number: 13552335 (England and Wales)

Steps Together Rehab (St Helen's) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Steps Together Rehab (St Helen's) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Steps Together Rehab (St Helen's) Ltd

Company Information

Directors

Mr Darren Kelly Rolfe

Mrs Gabrielle Louise Rolfe

Registered office

Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

Accountants

Aventus Partners Limited
Chartered AccountantsHygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

 

Steps Together Rehab (St Helen's) Ltd

(Registration number: 13552335) (England and Wales)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

960,279

1,116,675

Current assets

 

Debtors

5

74,086

20,001

Cash at bank and in hand

 

2,096,414

1,336,358

 

2,170,500

1,356,359

Creditors: Amounts falling due within one year

6

(1,943,767)

(2,019,129)

Net current assets/(liabilities)

 

226,733

(662,770)

Net assets

 

1,187,012

453,905

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

1,186,912

453,805

Shareholders' funds

 

1,187,012

453,905

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements were approved and authorised for issue by the Board on 9 July 2025 and signed on its behalf by:
 

.........................................
Mr Darren Kelly Rolfe
Director

   
     
 

Steps Together Rehab (St Helen's) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom

These financial statements were authorised for issue by the Board on 9 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Going concern

The company is dependent on continuing finance being made available by its group undertaking to enable it to continue operating and to meet its debts as they fall due. The group companies have agreed to provide sufficient funds for these purposes for at least 12 months from the date that these accounts are approved by the directors. The directors believe it is therefore appropriate to prepare the financial statements on a going concern.

 

Steps Together Rehab (St Helen's) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings & equipments

20% on straight line method

Long leasehold property

Over 20 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Steps Together Rehab (St Helen's) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Steps Together Rehab (St Helen's) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
The company only enters into basic financial instruments 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 from related parties.

 Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, 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 creditors or debtors, 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 of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a 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.


 Impairment
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 if recognised in the Profit and loss account.

For financial assets measured as 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 discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average monthly number of persons employed by the company (including directors) during the year, was 47 (2023: 39).

 

Steps Together Rehab (St Helen's) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost

At 1 December 2023

704,529

621,763

1,326,292

Additions

-

3,576

3,576

At 30 November 2024

704,529

625,339

1,329,868

Depreciation

At 1 December 2023

49,540

160,077

209,617

Charge for the year

35,226

124,746

159,972

At 30 November 2024

84,766

284,823

369,589

Carrying amount

At 30 November 2024

619,763

340,516

960,279

At 30 November 2023

654,989

461,686

1,116,675

Included within the net book value of land and buildings above is £619,763 (2023 - £654,989) in respect of long leasehold land and buildings.
 

 

Steps Together Rehab (St Helen's) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

52,420

15,175

Amounts owed by group undertakings

8

2,745

245

Accrued income

 

1,050

-

Prepayments

 

17,871

4,581

 

74,086

20,001

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

48,688

23,609

Amounts owed to group undertakings

8

1,253,913

1,543,932

Taxation and social security

 

20,719

19,859

Other creditors

 

26,971

5,589

Accrued expenses

 

182,655

167,170

Corporation tax payable

 

297,798

158,115

Deferred income

 

113,023

100,855

 

1,943,767

2,019,129

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

       
 

Steps Together Rehab (St Helen's) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

8

Related party transactions

The company has taken advantage of the exemptions available in FRS 102 1A from disclosing related party transactions with other companies that are wholly owned within the group.

Steps Together Group Limited
The company has provided funding to Steps Together Group Limited, a company incorporated in the England and Wales. At the balance sheet date, the amount owed to the company by Steps Together Group Limited was £2,745 (2023 : £245).

Steps Together Rehab (Leicester) Limited
The company has received funding from Steps Together Rehab (Leicester) Limited, a company incorporated in the England and Wales and is a fellow subsidiary. At the balance sheet date, the amount owed by the company to Steps Together Rehab (Leicester) Limited was £571,460 (2023 : £565,757). The loan is interest free and repayable on demand.

Steps Together Rehab Limited
The company has received funding from Steps Together Rehab Limited, a company incorporated in the England and Wales and is a fellow subsidiary. At the balance sheet date, the amount owed by the company to Steps Together Rehab Limited was £682,453 (2023 : £978,175). The loan is interest free and repayable on demand.

9

Parent and ultimate controlling party

The company's immediate and ultimate parent is Steps Together Group Ltd, incorporated in England and Wales.

 The ultimate controlling party is Mr Darren Kelly Rolfe.