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REGISTERED NUMBER: 00393186 (England and Wales)















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: B Hadley
S Hancocks
K Hadley





REGISTERED OFFICE: Crossway Green
Welsh Street
Chepstow
Monmouthshire
NP16 5LX





REGISTERED NUMBER: 00393186 (England and Wales)





ACCOUNTANTS: LMDB 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 4 954,893 1,015,451

CURRENT ASSETS
Stocks 6,000 3,500
Debtors 5 221,241 64,850
Prepayments and accrued income 113,599 95,674
Cash at bank and in hand 241,435 124,627
582,275 288,651
CREDITORS
Amounts falling due within one year 6 381,519 252,919
NET CURRENT ASSETS 200,756 35,732
TOTAL ASSETS LESS CURRENT LIABILITIES 1,155,649 1,051,183

CREDITORS
Amounts falling due after more than one
year

7

(689,000

)

(684,848

)

PROVISIONS FOR LIABILITIES (17,027 ) (19,289 )
NET ASSETS 449,622 347,046

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 1,170 1,170
Other reserves 85,412 100,573
Retained earnings 363,040 245,303
SHAREHOLDERS' FUNDS 449,622 347,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

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 18 August 2025 and were signed on its behalf by:





B Hadley - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

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 66 (2024 - 64 ) .

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 1,344,667 440,810 1,785,477
Additions - 6,139 6,139
Disposals - (81,061 ) (81,061 )
At 31 May 2025 1,344,667 365,888 1,710,555
DEPRECIATION
At 1 June 2024 435,955 334,071 770,026
Charge for year 34,707 14,514 49,221
Eliminated on disposal - (63,585 ) (63,585 )
At 31 May 2025 470,662 285,000 755,662
NET BOOK VALUE
At 31 May 2025 874,005 80,888 954,893
At 31 May 2024 908,712 106,739 1,015,451

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 218,273 60,550
Other debtors 2,968 4,300
221,241 64,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,511 9,747
Trade creditors 61,605 23,382
Taxation and social security 159,119 121,830
Other creditors 150,284 97,960
381,519 252,919

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 - 11,009
Amounts owed to group undertakings 689,000 673,839
689,000 684,848

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 4,060 6,295
Between one and five years 11,441 14,898
In more than five years - 602
15,501 21,795

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: £    £   
1,170 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.