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ROSSEFIELD NURSING HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






ROSSEFIELD NURSING HOMES LIMITED (REGISTERED NUMBER: 01859586)

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


ROSSEFIELD NURSING HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J Redhead
B Redhead





SECRETARY: Mrs K A Redhead





REGISTERED OFFICE: Well Springs Nursing Home
122 Leylands Lane
Heaton
Bradford
BD9 5QU





REGISTERED NUMBER: 01859586 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Suite 1.07
International Dev. Centre
Valley Road
Ilkley
West Yorkshire
LS29 8AL

ROSSEFIELD NURSING HOMES LIMITED (REGISTERED NUMBER: 01859586)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 180,000 210,000
Tangible assets 5 3,960,912 3,953,009
4,140,912 4,163,009

CURRENT ASSETS
Debtors 6 266,766 258,909
Cash at bank and in hand 516,320 211,358
783,086 470,267
CREDITORS
Amounts falling due within one year 7 541,345 399,553
NET CURRENT ASSETS 241,741 70,714
TOTAL ASSETS LESS CURRENT LIABILITIES 4,382,653 4,233,723

CREDITORS
Amounts falling due after more than one
year

8

(2,025,585

)

(2,126,694

)

PROVISIONS FOR LIABILITIES 9 (56,290 ) (53,172 )
NET ASSETS 2,300,778 2,053,857

CAPITAL AND RESERVES
Called up share capital 10 110 110
Retained earnings 2,300,668 2,053,747
SHAREHOLDERS' FUNDS 2,300,778 2,053,857

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.

ROSSEFIELD NURSING HOMES LIMITED (REGISTERED NUMBER: 01859586)

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 14 July 2025 and were signed on its behalf by:





B Redhead - Director


ROSSEFIELD NURSING HOMES LIMITED (REGISTERED NUMBER: 01859586)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Rossefield Nursing 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

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.

ROSSEFIELD NURSING HOMES LIMITED (REGISTERED NUMBER: 01859586)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

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 93 (2023 - 91 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 300,000
AMORTISATION
At 1 November 2023 90,000
Amortisation for year 30,000
At 31 October 2024 120,000
NET BOOK VALUE
At 31 October 2024 180,000
At 31 October 2023 210,000

ROSSEFIELD NURSING HOMES LIMITED (REGISTERED NUMBER: 01859586)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 3,620,310 766,518 73,262 2,088 4,462,178
Additions - 20,366 48,499 - 68,865
At 31 October 2024 3,620,310 786,884 121,761 2,088 4,531,043
DEPRECIATION
At 1 November 2023 - 498,323 9,454 1,392 509,169
Charge for year - 43,284 16,982 696 60,962
At 31 October 2024 - 541,607 26,436 2,088 570,131
NET BOOK VALUE
At 31 October 2024 3,620,310 245,277 95,325 - 3,960,912
At 31 October 2023 3,620,310 268,195 63,808 696 3,953,009

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 191,362 202,830
Other debtors 2,196 3,165
Prepayments 73,208 52,914
266,766 258,909

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 82,103 82,103
Hire purchase contracts 5,988 2,266
Trade creditors 52,782 59,146
Tax 115,694 75,708
Social security and other taxes 31,139 25,214
Other creditors 13,753 6,657
Directors' current accounts 20,000 -
Accrued expenses 219,886 148,459
541,345 399,553

The directors loan account is interest free and repayable on demand.

ROSSEFIELD NURSING HOMES LIMITED (REGISTERED NUMBER: 01859586)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans after 1 year 1,147,948 1,232,480
Hire purchase contracts 37,658 756
Directors' loan accounts 839,979 893,458
2,025,585 2,126,694

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 56,290 53,172

Deferred
tax
£   
Balance at 1 November 2023 53,172
Accelerated capital allowances 3,118
Balance at 31 October 2024 56,290

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary 1 100 100
1 A Ordinary 10 10 10
110 110