Belvidere Residential Care Home Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04820896 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BELVIDERE RESIDENTIAL CARE HOME LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Ahmed

Dr S K Ahmed

SECRETARY:

Mrs S Ahmed

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

04820896 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

-

122,267

-

122,267

CURRENT ASSETS

Debtors

6

2,605

606,935

Cash at bank

1,230

9,750

3,835

616,685

CREDITORS

Amounts falling due within one year

7

136,470

930,639

NET CURRENT LIABILITIES

(132,635

)

(313,954

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(132,635

)

(191,687

)

CREDITORS

Amounts falling due after more than one
year

8

15,914

19,154

NET LIABILITIES

(148,549

)

(210,841

)

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

(149,549

)

(211,841

)

(148,549

)

(210,841

)

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 30 September 2025 and were signed on its behalf by:

Dr S K Ahmed - Director

1.	STATUTORY INFORMATION

Belvidere Residential Care Home 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 (£).

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.

Going concern

The directors have assessed the company's ability to continue as a going concern and concluded that the going concern basis of accounting is no longer appropriate. The company ceased trading on 31st July 2024 due to sustained financial losses and an inability to continue trading viably. There were no adjustments required as a result of the basis other than going concern.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents fees receivable in respect of residential care services provided to residents.Turnover is recognised to the extent that performance occurs and is measured at fair value of the fees receivable. Fees not invoiced to residents by the balance sheet date are included in debtors as accrued income. Fees invoiced to residents in advance of future periods are included in creditors as deferred income.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand that are readily convertible to a known amount of cash and are subject to insignificant risk to changes in value. These are shown as current assets.

Bank overdrafts are shown within borrowings in current liabilities in the balance sheet.

Short term creditors, loans and borrowing

Short term creditors with no stated interest rate that are payable within one year are stated at transaction price. Any losses from impairment are recognised in the profit and loss account.

Bank loans and borrowing are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method less impairment. Loans and borrowings that are receivable within one year are not discounted. If an arrangement constitutes a finance transaction it is measured at present value of future payments discounted at a market rate of interest for a similar loan.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

151,125

AMORTISATION

At 1 January 2024

and 31 December 2024

151,125

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1 January 2024

and 31 December 2024

58,591

98,298

307,595

464,484

DEPRECIATION

At 1 January 2024

42,543

75,075

224,599

342,217

Charge for year

11,718

3,485

12,469

27,672

Impairments

4,330

19,738

70,527

94,595

At 31 December 2024

58,591

98,298

307,595

464,484

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

16,048

23,223

82,996

122,267

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

-

39,008

Amounts owed by group undertakings

-

566,903

Prepayments and accrued income

2,605

1,024

2,605

606,935

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

10,380

Trade creditors

38,970

108,130

Amounts owed to group undertakings

-

632,015

Tax

1,049

953

Social security and other taxes

28,076

28,986

Other creditors

8,722

16,654

Directors' current accounts

32,187

-

Accruals and deferred income

17,086

133,521

136,470

930,639

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 1-2 years

10,380

10,643

Bank loans - 2-5 years

5,534

8,511

15,914

19,154

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

26,294

29,534

The bank loan is secured through a cross guarantee and debenture between Belvidere Court Limited dated 10/03/2016.

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

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

11.	RELATED PARTY DISCLOSURES

During the year the company paid rent of £21,880 (2023: £21,880) to a director for occupying business premises..

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Armighorn Capital Limited.

Subsequent to the year end, on 27 June 2025 Armighorn Capital Limited ceased to be the ultimate controlling party. From this date Belvidere Residential Care Home Property Limited became the ultimate controlling party and the directors of this company ultimately control that company.