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REGISTERED NUMBER: 08799822 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Transitions Supported Living Ltd

Transitions Supported Living Ltd (Registered number: 08799822)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Transitions Supported Living Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Ms V L Cox
Miss J L Cox



REGISTERED OFFICE: 1 Elmira Road
Gloucester
GL4 6TH



REGISTERED NUMBER: 08799822 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: National Westminster Bank Plc
21 Eastgate Street
Gloucester
GL1 1NH

Transitions Supported Living Ltd (Registered number: 08799822)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,778 38,750

CURRENT ASSETS
Debtors 5 141,141 130,295
Cash at bank and in hand 4,866 12,369
146,007 142,664
CREDITORS
Amounts falling due within one year 6 43,781 47,378
NET CURRENT ASSETS 102,226 95,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,004

134,036

CREDITORS
Amounts falling due after more than one
year

7

(35,454

)

(46,667

)

PROVISIONS FOR LIABILITIES (5,797 ) (7,824 )
NET ASSETS 89,753 79,545

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 89,752 79,544
SHAREHOLDERS' FUNDS 89,753 79,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Transitions Supported Living Ltd (Registered number: 08799822)

Statement of Financial Position - continued
31 December 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 Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:





Ms V L Cox - Director


Transitions Supported Living Ltd (Registered number: 08799822)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Transitions Supported Living Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Transitions Supported Living Ltd (Registered number: 08799822)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 January 2024 19,627 39,298 36,209 10,066 105,200
Additions - - 440 - 440
At 31 December 2024 19,627 39,298 36,649 10,066 105,640
Depreciation
At 1 January 2024 14,570 20,162 22,640 9,078 66,450
Charge for year 1,264 4,783 3,502 863 10,412
At 31 December 2024 15,834 24,945 26,142 9,941 76,862
Net book value
At 31 December 2024 3,793 14,353 10,507 125 28,778
At 31 December 2023 5,057 19,136 13,569 988 38,750

Transitions Supported Living Ltd (Registered number: 08799822)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
At 1 January 2024
and 31 December 2024 32,091
Depreciation
At 1 January 2024 14,040
Charge for year 4,512
At 31 December 2024 18,552
Net book value
At 31 December 2024 13,539
At 31 December 2023 18,051

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 116,490 65,838
Amounts owed by group undertakings 22,756 60,205
Other debtors 1,895 4,252
141,141 130,295

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts (see note 8) 5,212 5,212
Trade creditors 1,973 1,044
Taxation and social security 24,233 29,662
Other creditors 6,363 5,460
43,781 47,378

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 29,180 35,180
Hire purchase contracts (see note 8) 6,274 11,487
35,454 46,667

Transitions Supported Living Ltd (Registered number: 08799822)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31/12/24 31/12/23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,180 11,180

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/12/24 31/12/23
£    £   
Net obligations repayable:
Within one year 5,212 5,212
Between one and five years 6,274 11,487
11,486 16,699

Non-cancellable operating leases
31/12/24 31/12/23
£    £   
Within one year 36,852 10,319
Between one and five years 15,003 21,305
51,855 31,624

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24 31/12/23
£    £   
Miss J L Cox
Balance outstanding at start of year - -
Amounts advanced 4,318 -
Amounts repaid (3,600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 718 -

Miss J L Cox
Director

At 31 December 2024, the above director owed the company £718. This amount has been cleared in full after the year end date by business expenses incurred personally and not reimbursed to the director.

Transitions Supported Living Ltd (Registered number: 08799822)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


10. RELATED PARTY DISCLOSURES

SJC Property Holding Ltd
Parent Company

During the year, the company loaned funds to its parent company SJC Property Holding Ltd. On 31 December 2024, the loan balance due from the parent company was £22,756 (2023 - £60,205). The loan is interest free and has no fixed repayment terms.

The company has provided security on bank loans taken out by SJC Property Holding Ltd. A fixed and floating charge over the company's assets has been registered by the bank. The total of secured debt of SJC Property Holding Ltd at 31 December 2024 is £572,709 (2023 - £266,886).

11. ULTIMATE CONTROLLING PARTY

The controlling party is SJC Property Holding Ltd.

The company is controlled by SJC Property Holding Ltd, a company controlled by the director Ms V L Cox. SJC Property Holding Ltd, which shares the same registered office as Transitions Supported Living Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.