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REGISTERED NUMBER: 05159152 (England and Wales)














OLNEY CARE HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






OLNEY CARE HOMES LIMITED (REGISTERED NUMBER: 05159152)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


OLNEY CARE HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTOR: Dr A K Sahdev





SECRETARY: Dr A K Sahdev





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 05159152 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

OLNEY CARE HOMES LIMITED (REGISTERED NUMBER: 05159152)

STATEMENT OF FINANCIAL POSITION
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 883,275 881,420

CURRENT ASSETS
Debtors 6 23,767 9,665
Cash at bank and in hand 1,095 43,188
24,862 52,853
CREDITORS
Amounts falling due within one year 7 509,159 272,916
NET CURRENT LIABILITIES (484,297 ) (220,063 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,978

661,357

CREDITORS
Amounts falling due after more than one year 8 (150,058 ) (184,385 )

PROVISIONS FOR LIABILITIES - (771 )
NET ASSETS 248,920 476,201

CAPITAL AND RESERVES
Called up, paid and allotted share capital 2 2
Retained earnings 248,918 476,199
SHAREHOLDERS' FUNDS 248,920 476,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

OLNEY CARE HOMES LIMITED (REGISTERED NUMBER: 05159152)

STATEMENT OF FINANCIAL POSITION - continued
30 November 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





Dr A K Sahdev - Director


OLNEY CARE HOMES LIMITED (REGISTERED NUMBER: 05159152)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Olney Care Homes Limited 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, rounded to the nearest pound.

2. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided (see below)
Fixtures and fittings - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

OLNEY CARE HOMES LIMITED (REGISTERED NUMBER: 05159152)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 December 2023 876,587 135,912 1,012,499
Additions - 4,090 4,090
At 30 November 2024 876,587 140,002 1,016,589
DEPRECIATION
At 1 December 2023 - 131,079 131,079
Charge for year - 2,235 2,235
At 30 November 2024 - 133,314 133,314
NET BOOK VALUE
At 30 November 2024 876,587 6,688 883,275
At 30 November 2023 876,587 4,833 881,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,889 7,105
Other debtors 5,878 2,560
23,767 9,665

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,326 32,761
Trade creditors 2,970 5,597
Taxation and social security 839 15,987
Other creditors 471,024 218,571
509,159 272,916

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 150,058 184,385

OLNEY CARE HOMES LIMITED (REGISTERED NUMBER: 05159152)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,318 37,644

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 1,812

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 184,384 217,146

11. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, loans were provided to the company in aggregate of £16,000. At the year end, the director was owed £16,635.