Year Ended
Registration number:
Crediton Care & Support Homes Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Crediton Care & Support Homes Limited
Company Information
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Director |
Ms P O'Sullivan |
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Company secretary |
Ms P O'Sullivan |
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Registered office |
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Accountants |
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Crediton Care & Support Homes Limited
Balance Sheet
31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Crediton Care & Support Homes Limited
Balance Sheet
31 March 2025
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.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 04496084
Crediton Care & Support Homes Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There are no material departures from FRS 102.
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 currency of Crediton Care & Support Homes Limited is considered to be pounds sterling because it is the currency of the primary economic environment in which the company operates.
Going concern
The director has considered the forecast cash flow and working capital requirements. Based on this review, the director is satisfied that the Company has adequate resources available to discharge its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements. The director therefore continues to adopt the going concern basis in preparing its financial statements.
Revenue recognition
Turnover comprises fees from clients, recognised on a straight line bases over the period of occupation. The company is not VAT registered.
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.
Crediton Care & Support Homes Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
The current corporation 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 on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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:
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Asset class |
Depreciation method and rate |
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Land and buildings |
2% straight line |
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Plant and machinery |
33% straight line and 25% reducing balance |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, was amortised evenly over the estimated useful life of ten 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.
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.
Crediton Care & Support Homes Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Amounts owed by group undertakings; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
These instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost after taking account of the impairment adjustments.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Intangible assets |
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Goodwill |
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Cost or valuation |
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At 1 April 2024 |
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At 31 March 2025 |
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Amortisation |
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At 1 April 2024 |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
- |
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At 31 March 2024 |
- |
Crediton Care & Support Homes Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
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Tangible assets |
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Land and buildings |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 April 2024 |
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Additions |
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Disposals |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
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Eliminated on disposal |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Included within the net book value of land and buildings above is £2,588,440 (2024 - £2,771,907) in respect of freehold land and buildings.
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Amounts owed by group undertakings |
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Prepayments |
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Other debtors |
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Crediton Care & Support Homes Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Loans and borrowings |
Current loans and borrowings
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2025 |
2024 |
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Bank overdrafts |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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Ordinary share capital of £1 each |
2 |
2 |
2 |
2 |
Crediton Care & Support Homes Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
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Related party transactions |
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Transactions with the director |
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2025 |
At 1 April 2024 |
Advances to director |
Repayments by director |
At 31 March 2025 |
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Ms P O'Sullivan |
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Loan to the director |
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( |
( |
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2024 |
At 1 April 2023 |
Advances to director |
Repayments by director |
At 31 March 2024 |
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Ms P O'Sullivan |
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Loan to the director |
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Interest has been charged on the balance at HMRC's official rate of interest and the balance is repayable on demand. The balance is included within other debtors/creditors.
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Parent and ultimate parent undertaking |
The company's immediate and ultimate parent is
Creedy Court
Shobrooke
Crediton
Devon
EX17 1AD