REGISTERED NUMBER: SC680624 (Scotland)

Financial Statements

for the Year Ended

31 December 2024

for

ATLANTIC VIEW CARE HOME LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A J Jamieson

Mr P G Mcniven

Mr M Singh

REGISTERED OFFICE:

Barncluith Business Centre

Townhead Street

Hamilton

ML3 7DP

REGISTERED NUMBER:

SC680624 (Scotland)

AUDITORS:

WDM Associates (Statutory Auditors)

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

4

230,771

-

CURRENT ASSETS

Debtors

5

157,150

210

Cash at bank and in hand

168,259

1,324

325,409

1,534

CREDITORS

Amounts falling due within one year

6

(613,638

)

(71,369

)

NET CURRENT LIABILITIES

(288,229

)

(69,835

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(57,458

)

(69,835

)

PROVISIONS FOR LIABILITIES

(57,693

)

-

NET LIABILITIES

(115,151

)

(69,835

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(115,251

)

(69,935

)

(115,151

)

(69,835

)

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 24 September 2025 and were signed on its behalf by:

Mr M Singh - Director

1.	STATUTORY INFORMATION

Atlantic View Care Home Limited is a private company, limited by shares , registered in Scotland. 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.

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

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 60 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

Additions

107,237

141,080

17,572

265,889

At 31 December 2024

107,237

141,080

17,572

265,889

DEPRECIATION

Charge for year

15,608

14,931

4,579

35,118

At 31 December 2024

15,608

14,931

4,579

35,118

NET BOOK VALUE

At 31 December 2024

91,629

126,149

12,993

230,771

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

84,567

-

Amounts owed by group undertakings

64,526

100

Other debtors

-

110

Prepayments and accrued income

8,057

-

157,150

210

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

40,884

-

Amounts owed to group undertakings

285,964

71,368

Social security and other taxes

39,856

-

Other creditors

6,839

-

Accruals and deferred income

92,839

-

Accrued expenses

147,256

1

613,638

71,369

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Bonomy (Senior Statutory Auditor)

for and on behalf of WDM Associates (Statutory Auditors)