REGISTERED NUMBER: 10724243 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Red Homes Healthcare Grantham Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs T J Hood

R G Daniel

Ms H E Daniel

Mrs M J Daniel

Mme S M Daniel

Ms P A Cannell

REGISTERED OFFICE:

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

REGISTERED NUMBER:

10724243 (England and Wales)

ACCOUNTANTS:

Hood Parkes & Co

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

FIXED ASSETS

Tangible assets

4

337,425

333,791

CURRENT ASSETS

Debtors

5

61,428

64,131

Cash at bank and in hand

168,689

122,413

230,117

186,544

CREDITORS

Amounts falling due within one year

6

446,134

423,368

NET CURRENT LIABILITIES

(216,017

)

(236,824

)

TOTAL ASSETS LESS CURRENT LIABILITIES

121,408

96,967

PROVISIONS FOR LIABILITIES

28,012

29,403

NET ASSETS

93,396

67,564

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

93,196

67,364

SHAREHOLDERS' FUNDS

93,396

67,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 3rd September 2025 and were signed on its behalf by:

Ms H E Daniel - Director

1.	STATUTORY INFORMATION

Red Homes Healthcare Grantham 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

428,303

Additions

30,837

At 31st December 2024

459,140

DEPRECIATION

At 1st January 2024

94,512

Charge for year

27,203

At 31st December 2024

121,715

NET BOOK VALUE

At 31st December 2024

337,425

At 31st December 2023

333,791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

50,173

54,640

Other debtors

11,255

9,491

61,428

64,131

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

93,595

191,886

Taxation and social security

24,013

20,007

Other creditors

328,526

211,475

446,134

423,368

7.	RELATED PARTY DISCLOSURES

During the year under review the company has paid rent of £1 (2023: £1) to R G Daniel; Director and shareholder of the company for use of freehold property by the company which is owned by him.

The lease is under formal contract terms and has an agreed rental review period of every fifteen years.

Red Homes Healthcare Ltd t/a Red Rose

A company owned by the shareholders, of which R G Daniel, M J Daniel, T J Hood, H E Daniel, S M Daniel and P A Cannell are Directors.

Red Roof Midlands Ltd

A company of which R G Daniel and H E Daniel are shareholders and Directors, is owed £50,000 by the company.

Red Homes Properties Ltd

A company owned by the shareholders, of which R G Daniel and H E Daniel are Directors.

8.	CONSULTANCY FEES

Included in the costs of Professional Fees are the following Consultancy Fees which are split into:

Mortgage repayments relating to the loans on the buildings - £166,513

Overheads for consultancy - £13,000

Consultancy Fees - £140,487