Guyatt House Care Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04512410

Guyatt House Care Limited

Filleted Unaudited Financial Statements

For the year ended

30 November 2024

Guyatt House Care Limited

Statement of Financial Position

30 November 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		493,795		470,089

Current assets

Debtors	6	723,926	338,648
Cash at bank and in hand		397,522	669,497
		------------	------------
		1,121,448	1,008,145

Creditors: amounts falling due within one year	7	372,832		342,456
		------------		------------
Net current assets			748,616		665,689
			------------		------------
Total assets less current liabilities			1,242,411		1,135,778

Creditors: amounts falling due after more than one year	8		215,719		103,613

Provisions

Taxation including deferred tax	5,731	6,451
	------------	------------
Net assets	1,020,961	1,025,714
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,020,861	1,025,614
	------------	------------
Shareholders funds	1,020,961	1,025,714
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Guyatt House Care Limited

Statement of Financial Position (continued)

30 November 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr A C Stocks	Mr R P Stocks
Director	Director

Company registration number: 04512410

Guyatt House Care Limited

Notes to the Financial Statements

Year ended 30 November 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is F3 Stirling House, Cambridge Innovation Park, Denny End Road, Waterbeach, Cambridgeshire, CB25 9QE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line (land is not depreciated)
Motor vehicles	-	25% reducing balance
Equipment	-	25% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 79 (2023: 83 ).

5. Tangible assets

	Freehold property	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 December 2023	295,474	271,090	34,118	600,682
Additions	–	171,740	3,404	175,144
Disposals	–	( 124,700)	–	( 124,700)
	---------	---------	--------	---------
At 30 November 2024	295,474	318,130	37,522	651,126
	---------	---------	--------	---------
Depreciation
At 1 December 2023	39,732	66,786	24,075	130,593
Charge for the year	5,109	65,571	5,321	76,001
Disposals	–	( 49,263)	–	( 49,263)
	---------	---------	--------	---------
At 30 November 2024	44,841	83,094	29,396	157,331
	---------	---------	--------	---------
Carrying amount
At 30 November 2024	250,633	235,036	8,126	493,795
	---------	---------	--------	---------
At 30 November 2023	255,742	204,304	10,043	470,089
	---------	---------	--------	---------

The directors estimate the cost of land included within freehold property above to be £40,000 (2023 - £40,000). Land is not depreciated.

6. Debtors

	2024	2023
	£	£
Trade debtors	48,299	24,625
Other debtors	675,627	314,023
	---------	---------
	723,926	338,648
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	6,627	6,463
Trade creditors	–	13
Social security and other taxes	230,626	200,164
Other creditors	135,579	135,816
	---------	---------
	372,832	342,456
	---------	---------

Included within the liabilities disclosed above under other creditors is an amount of £44,260 (2023: £109,049) for which security over the assets to which the liability relates has been given.

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	3,942	10,569
Other creditors	211,777	93,044
	---------	---------
	215,719	103,613
	---------	---------

Included within the liabilities disclosed above under other creditors is an amount of £211,777 (2023: £93,044) for which security over the assets to which the liability relates has been given.

9. Other financial commitments

The total future minimum lease payments under non-cancellable operating leases is £ 1,911,018 (2023: £ 63,576 ).

10. Directors' advances, credits and guarantees

During the year the company made advances to and received repayments from a director. Interest has been charged at the official HMRC rate on any overdrawn loan account balances, there are no repayment terms.

	2024	2023
	£	£
Advances	23,634	152,447
Repayments	43,500	53,556
Balance due from director	161,802	181,668

During the year the company made advances to and received repayments from a director. Interest has been charged at the official HMRC rate on any overdrawn loan account balances, there are no repayment terms.

	2024	2023
	£	£
Advances	22,837	2,384
Repayments	22,837	2,384

11. Related party transactions

During the year a loan was made to a connected party of £ 289,919 (2023: £nil) which remains outstanding as at the balance sheet date. No interest has been charged and there are no repayment terms. During the year rent was paid to a connected party of £105,000 (2023: £nil) in respect of 11 properties occupied by residents as care homes.