| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 |
| FOR |
| ST ANNE'S NURSING HOME LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 |
| FOR |
| ST ANNE'S NURSING HOME LTD |
| ST ANNE'S NURSING HOME LTD (REGISTERED NUMBER: 00393186) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ST ANNE'S NURSING HOME LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Railview Lofts |
| 19c Commercial Road |
| Eastbourne |
| East Sussex |
| BN21 3XE |
| ST ANNE'S NURSING HOME LTD (REGISTERED NUMBER: 00393186) |
| BALANCE SHEET |
| 31 MAY 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Prepayments and accrued income |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| ST ANNE'S NURSING HOME LTD (REGISTERED NUMBER: 00393186) |
| BALANCE SHEET - continued |
| 31 MAY 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Other reserves |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ST ANNE'S NURSING HOME LTD (REGISTERED NUMBER: 00393186) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 1. | STATUTORY INFORMATION |
| St Anne's Nursing Home Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
| Key sources of estimation uncertainty |
| The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows: |
| Intercompany loan. This has no set repayment period nor interest rate and hence is discounted as per the note on Financial Instruments in accordance with the requirements of FRS102 1A. Should any of the assumptions relating to the discounting calculation prove to be incorrect then the carrying value in the financial statements would alter. |
| Freehold amortisation. The freehold buildings are amortised in accordance with the relevant accounting policy note based on the requirements of FRS 102 1A. If the amortisation period or rate prove to be incorrect the carrying value of the asset would alter. |
| Turnover |
| Turnover represents invoiced provision of services to residents in care during the period. |
| ST ANNE'S NURSING HOME LTD (REGISTERED NUMBER: 00393186) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision will be established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank and short-term bank deposits with an original maturity of three months or less which are an integral part of the company's cash management. |
| Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability. |
| Financial assets are de-recognised when: |
| - the contractual right to the economic benefit from the financial asset expire or are settled; or |
| - the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or |
| - the company, despite having retained some but not all off significant risks and rewards of ownership, has transferred control of the asset to another party. |
| Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires |
| 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 balance sheet date. |
| ST ANNE'S NURSING HOME LTD (REGISTERED NUMBER: 00393186) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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 |
| ST ANNE'S NURSING HOME LTD (REGISTERED NUMBER: 00393186) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 May 2025 |
| DEPRECIATION |
| At 1 June 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| Included in cost of land and buildings is freehold land of £ 41,050 (2024 - £ 41,050 ) which is not depreciated. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| ST ANNE'S NURSING HOME LTD (REGISTERED NUMBER: 00393186) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Amounts owed to group undertakings |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 9. | FINANCIAL INSTRUMENTS |
| In accordance with Financial Reporting Standard 102, inter group loans have been treated as basic financial instruments. As such loans are interest free, the amortised cost basis has been applied using a discount rate of 2.25% and an assumed repayment period of 15 years commencing 3 September 2015. |
| The initial fair value discount of the inter group loan from the holding company was treated as an addition to the other reserves in accordance with Financial Reporting Standard 102 1A. Any additions or repayments of the intercompany loan will result in an adjustment to the initial fair value adjustment. |
| The deemed fair value interest income for the year resulting from the above recognised in the Profit & Loss Account is £15,161 (2024: £14,828). |
| A transfer is made from Other Reserves to Distributable Reserves of the deemed interest recognised in the Profit & Loss account during each accounting period so that by the end of the deemed loan period, the fair value discounts will be fully written back and the Other Reserves will be reduced to zero. |
| The fair value of the intercompany loan at the balance sheet date is shown in the note to the financial statements Creditors:Amounts Falling Due After More Than One Year. The value of the loan based on cost at the balance sheet date was £774,412 (2023: £774,412). |
| ST ANNE'S NURSING HOME LTD (REGISTERED NUMBER: 00393186) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 1,170 | 1,170 |
| 11. | GROUP SECURITY AND CROSS GUARANTEE |
| Bank borrowings of £635,479 (2024 - £733,195) in the accounts of the holding company Cedarwood Residential Care Ltd are secured by a fixed and floating charge over the assets of the company, a first legal charge over the company's freehold property and a guarantee provided by the company. |