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Registration number: 14714402

Fir Ridge Care Home Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2025

 

Fir Ridge Care Home Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Fir Ridge Care Home Limited

Company Information

Directors

R Patel

D Patel

Registered office

3 Appledown Rise
Coulsdon
Surrey
CR5 2DX

Accountants

Kishens Limited
Chartered Accountants13 Montpelier Avenue
Bexley
DA5 3AP

 

Fir Ridge Care Home Limited

(Registration number: 14714402)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed Assets

 

Intangible assets

4

1,880

-

Tangible Assets

5

1,738,565

1,729,904

 

1,740,445

1,729,904

Current assets

 

Debtors

7,269

13,712

Cash at bank and in hand

 

55,111

53,050

 

62,380

66,762

Prepayments and accrued income

 

7,168

8,021

Creditors: Amounts falling due within one year

(1,312,641)

(1,640,056)

Net current liabilities

 

(1,243,093)

(1,565,273)

Total assets less current liabilities

 

497,352

164,631

Provisions for liabilities

(2,870)

(723)

Accruals and deferred income

 

(3,166)

(200)

Net assets

 

491,316

163,708

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

491,216

163,608

Shareholders' funds

 

491,316

163,708

For the financial year ending 31 March 2025 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 accounts 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 accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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.

 

Fir Ridge Care Home Limited

(Registration number: 14714402)
Abridged Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 22 July 2025 and signed on its behalf by:
 

.........................................
D Patel
Director

 

Fir Ridge Care Home Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
3 Appledown Rise
Coulsdon
Surrey
CR5 2DX
UK

These financial statements were authorised for issue by the Board on 22 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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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 when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods or on completion of the designated services;
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 and deferred 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.

 

Fir Ridge Care Home Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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 and equipment

25 % reducing balance

Freehold property

Not depreciated

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website development

Over 10 years

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 merchandise sold or 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.

 

Fir Ridge Care Home Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

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.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 25).

 

Fir Ridge Care Home Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Total
£

Cost or valuation

Revaluations

2,089

At 31 March 2025

2,089

Amortisation

Amortisation charge

209

At 31 March 2025

209

Carrying amount

At 31 March 2025

1,880

5

Tangible Assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

1,727,013

3,854

1,730,867

Additions

-

12,512

12,512

At 31 March 2025

1,727,013

16,366

1,743,379

Depreciation

At 1 April 2024

-

963

963

Charge for the year

-

3,851

3,851

At 31 March 2025

-

4,814

4,814

Carrying amount

At 31 March 2025

1,727,013

11,552

1,738,565

At 31 March 2024

1,727,013

2,891

1,729,904

Included within the net book value of land and buildings above is £1,727,013 (2024 - £1,727,013) in respect of freehold land and buildings.
 

6

Share capital

Allotted, called up and fully paid shares

 

Fir Ridge Care Home Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

2025

2024

No.

£

No.

£

Share capital of £1 each

100

100

100

100

       

7

Parent and ultimate parent undertaking

The ultimate controlling party is The Ridge Care Group Limited.