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Crediton Care & Support Homes Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2025

Registration number: 04496084

 

Crediton Care & Support Homes Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Crediton Care & Support Homes Limited

Company Information

Director

Ms P O'Sullivan

Company secretary

Ms P O'Sullivan

Registered office

Creedy Court
Shobrooke
Crediton
Devon
EX17 1AD

Accountants

Francis Clark LLP Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon
EX2 7XE

 

Crediton Care & Support Homes Limited

Balance Sheet

31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

2,725,565

2,906,069

Current assets

 

Debtors

6

464,960

356,461

Cash at bank and in hand

 

873,095

504,971

 

1,338,055

861,432

Creditors: Amounts falling due within one year

7

(580,133)

(391,989)

Net current assets

 

757,922

469,443

Total assets less current liabilities

 

3,483,487

3,375,512

Provisions for liabilities

(47,000)

(67,000)

Net assets

 

3,436,487

3,308,512

Capital and reserves

 

Called up share capital

9

2

2

Profit and loss account

3,436,485

3,308,510

Shareholders' funds

 

3,436,487

3,308,512

 

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:

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 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 director on 7 July 2025
 

.........................................
Ms P O'Sullivan
Director

   
     

Company Registration Number: 04496084

 

Crediton Care & Support Homes Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
Creedy Court
Shobrooke
Crediton
Devon
EX17 1AD

These financial statements were authorised for issue by the director on 7 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 - '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:

Asset class

Depreciation method and rate

Land and buildings

2% straight line

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
The company holds the following financial instruments:

• 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
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

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.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 89 (2024 - 86).

4

Intangible assets

Goodwill
 £

Cost or valuation

At 1 April 2024

1,360,000

At 31 March 2025

1,360,000

Amortisation

At 1 April 2024

1,360,000

At 31 March 2025

1,360,000

Carrying amount

At 31 March 2025

-

At 31 March 2024

-

 

Crediton Care & Support Homes Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

3,324,212

388,089

3,712,301

Additions

39,398

82,450

121,848

Disposals

(208,865)

(23,642)

(232,507)

At 31 March 2025

3,154,745

446,897

3,601,642

Depreciation

At 1 April 2024

552,305

253,927

806,232

Charge for the year

62,056

63,782

125,838

Eliminated on disposal

(48,056)

(7,937)

(55,993)

At 31 March 2025

566,305

309,772

876,077

Carrying amount

At 31 March 2025

2,588,440

137,125

2,725,565

At 31 March 2024

2,771,907

134,162

2,906,069

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.

6

Debtors

2025
£

2024
£

Trade debtors

59,873

164,747

Amounts owed by group undertakings

364,590

65,381

Prepayments

18,815

28,806

Other debtors

21,682

97,527

464,960

356,461

 

Crediton Care & Support Homes Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

4,758

-

Trade creditors

 

45,226

19,786

Taxation and social security

 

271,479

148,072

Accruals and deferred income

 

27,548

46,401

Other creditors

 

231,122

177,730

 

580,133

391,989

8

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Bank overdrafts

4,758

-

9

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

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

10

Related party transactions

Transactions with the director

2025

At 1 April 2024
£

Advances to director
£

Repayments by director
£

At 31 March 2025
£

Ms P O'Sullivan

Loan to the director

74,091

90,244

(195,061)

(30,726)

         
       

 

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Ms P O'Sullivan

Loan to the director

65,325

183,689

(174,923)

74,091

         
       

 

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.

11

Parent and ultimate parent undertaking

The company's immediate and ultimate parent is CCSH Holdings Limited, incorporated in England and Wales. Its registered office is:

Creedy Court
Shobrooke
Crediton
Devon
EX17 1AD