Registered number
04298419
Cherre Residential Care Limited
Filleted Accounts
31 December 2024
Cherre Residential Care Limited
Registered number: 04298419
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 126,500 126,500
Tangible assets 4 888,804 893,307
1,015,304 1,019,807
Current assets
Debtors 5 1,671,095 1,565,526
Cash at bank and in hand 3,503,145 3,332,330
5,174,240 4,897,856
Creditors: amounts falling due within one year 6 (765,444) (763,948)
Net current assets 4,408,796 4,133,908
Net assets 5,424,100 5,153,715
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 5,423,100 5,152,715
Shareholders' funds 5,424,100 5,153,715
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H. M Patel
Director
Approved by the board on 25 September 2025
Cherre Residential Care Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% reducing balance
Fixtures, fittings, tools and equipment 18% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 72 76
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 126,500
At 31 December 2024 126,500
Amortisation
At 31 December 2024 -
Net book value
At 31 December 2024 126,500
At 31 December 2023 126,500
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 868,289 99,991 89,179 1,057,459
At 31 December 2024 868,289 99,991 89,179 1,057,459
Depreciation
At 1 January 2024 - 99,991 64,161 164,152
Charge for the year - - 4,503 4,503
At 31 December 2024 - 99,991 68,664 168,655
Net book value
At 31 December 2024 868,289 - 20,515 888,804
At 31 December 2023 868,289 - 25,018 893,307
Freehold land and buildings: 2024 2023
£ £
Historical cost 867,912 867,912
Cumulative depreciation based on historical cost - -
867,912 867,912
5 Debtors 2024 2023
£ £
Trade debtors 318,300 220,036
Amounts owed by group undertakings and undertakings in which the company has a participating interest 481,223 481,223
Prepayments and Accrued Income 7,305 -
Other debtors 864,267 864,267
1,671,095 1,565,526
Amounts due after more than one year included above 858,268 858,268
6 Creditors: amounts falling due within one year 2024 2023
£ £
Deferred Income 18,539 29,612
Trade creditors 343,155 344,579
Corporation tax 90,031 71,973
Other taxes and social security costs 55,413 45,329
Other creditors 258,306 272,455
765,444 763,948
Cherre Residential Care Limited 04298419 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 H. M Patel No description of principal activity 04298419 2023-01-01 2023-12-31 04298419 core:WithinOneYear 2023-12-31 04298419 core:ShareCapital 2023-12-31 04298419 core:RetainedEarningsAccumulatedLosses 2023-12-31 04298419 core:AfterOneYear 2023-12-31 04298419 2024-01-01 2024-12-31 04298419 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04298419 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04298419 bus:Director40 2024-01-01 2024-12-31 04298419 1 2024-01-01 2024-12-31 04298419 2 2024-01-01 2024-12-31 04298419 core:LandBuildings 2024-01-01 2024-12-31 04298419 core:PlantMachinery 2024-01-01 2024-12-31 04298419 core:Vehicles 2024-01-01 2024-12-31 04298419 bus:FRS102 2024-01-01 2024-12-31 04298419 bus:FilletedAccounts 2024-01-01 2024-12-31 04298419 2024-12-31 04298419 core:WithinOneYear 2024-12-31 04298419 core:ShareCapital 2024-12-31 04298419 core:RetainedEarningsAccumulatedLosses 2024-12-31 04298419 core:Goodwill 2024-12-31 04298419 core:LandBuildings 2024-12-31 04298419 core:PlantMachinery 2024-12-31 04298419 core:Vehicles 2024-12-31 04298419 core:AfterOneYear 2024-12-31 04298419 2023-12-31 04298419 core:Goodwill 2023-12-31 04298419 core:LandBuildings 2023-12-31 04298419 core:PlantMachinery 2023-12-31 04298419 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure