Registration number:
Town and Country Care Home Limited
for the Period from 1 May 2024 to 30 November 2024
Town and Country Care Home Limited
(Registration number: NI637545)
Balance Sheet as at 30 November 2024
|
Note |
30 November |
30 April |
|
|
Fixed assets |
|||
|
Intangible assets |
|
|
|
|
Tangible assets |
|
|
|
|
Investments |
|
|
|
|
|
|
||
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
100 |
100 |
|
|
Retained earnings |
1,007,173 |
941,782 |
|
|
Shareholders' funds |
1,007,273 |
941,882 |
Approved and authorised by the
|
......................................... |
Town and Country Care Home Limited
Notes to the Financial Statements for the Period from 1 May 2024 to 30 November 2024
|
General information |
The company is a private company limited by share capital, incorporated in Northern Ireland.
The address of its registered office is:
These financial statements were authorised for issue by the
|
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 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). The accounts are prepared in sterling, which is both the reporting and functional currency of the company.
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.
Audit report
The name of the Senior Statutory Auditor who signed the audit report on
Revenue recognition
Revenue is recognised at the fair value of consideration received or receivable from the rendering of services. Revenue is recognised upon provision of the service at which point the Company has met with the requirements of the contract and earned entitlement to the consideration.
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.
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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. 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.
Town and Country Care Home Limited
Notes to the Financial Statements for the Period from 1 May 2024 to 30 November 2024
Tangible assets
Tangible assets are stated in the statement of financial position 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. The carrying value of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.
Depreciation
Depreciation is calculated so as to write off the cost, or valuation of tangible fixed assets less their estimated residual values over the expected useful economic lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Fixtures and fittings |
15% reducing balance basis |
|
Motor vehicles |
15% reducing balance basis |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
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 |
|
Goodwill |
10% straight-line basis |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
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.
Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.
Defined contribution pension obligation
The Company operates a money purchase pension scheme for all staff. Premiums paid are charged in the accounts in the year in which they are paid.
Town and Country Care Home Limited
Notes to the Financial Statements for the Period from 1 May 2024 to 30 November 2024
|
Staff numbers |
The average number of full time equivalent staff employed by the company (including directors) during the period, was
|
Intangible assets |
|
Goodwill |
Total |
|
|
Cost or valuation |
||
|
At 1 May 2024 |
|
|
|
At 30 November 2024 |
|
|
|
Amortisation |
||
|
At 1 May 2024 |
|
|
|
Amortisation charge |
|
|
|
At 30 November 2024 |
|
|
|
Carrying amount |
||
|
At 30 November 2024 |
|
|
|
At 30 April 2024 |
|
|
|
Tangible assets |
|
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
|||
|
At 1 May 2024 |
|
|
|
|
Additions |
|
- |
|
|
At 30 November 2024 |
|
|
|
|
Depreciation |
|||
|
At 1 May 2024 |
|
|
|
|
Charge for the period |
|
|
|
|
At 30 November 2024 |
|
|
|
|
Carrying amount |
|||
|
At 30 November 2024 |
|
|
|
|
At 30 April 2024 |
|
|
|
Town and Country Care Home Limited
Notes to the Financial Statements for the Period from 1 May 2024 to 30 November 2024
|
Investments |
|
30 November |
30 April |
|
|
At cost |
||
|
Investments in subsidiaries |
|
|
|
Amounts due from group undertakings |
|
|
|
|
|
|
The Company holds 100% of the equity share capital of Adarra Developments Limited. Adarra Developments Limited is incorporated in Northern Ireland and has a year-end coterminous with that of its parent. It owns two residential homes from which Town and Country Care Home Limited conduct their trading activities.
|
Debtors |
|
30 November |
30 April |
|
|
Trade debtors |
|
|
|
Prepayments |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
|
30 November |
30 April |
|
|
Trade creditors |
|
|
|
Taxation and social security |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
Town and Country Care Home Limited
Notes to the Financial Statements for the Period from 1 May 2024 to 30 November 2024
|
Share capital |
Allotted, called up and fully paid shares
|
30 November |
30 April |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
100 |
|
100 |
|
Related party transactions |
The company has taken advantage of the exemption provison within FRS 102 which permits non-disclosure of transactions with fellow group companies.
|
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
The most senior parent entity producing publicly available financial statements is
The ultimate controlling party is