Woodford Children's Home Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10924120

Woodford Children's Home Limited

Filleted Unaudited Abridged Financial Statements

31 March 2025

Woodford Children's Home Limited

Abridged Financial Statements

Year Ended 31 March 2025

Contents	Pages

Abridged statement of financial position	1 to 2

Notes to the abridged financial statements	3 to 6

Woodford Children's Home Limited

Abridged Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	5		177,982	55,238

Current Assets

Debtors	498,168	261,768
Cash at bank and in hand	408,983	689,695
	---------	---------
	907,151	951,463

Creditors: amounts falling due within one year	510,981		638,559
	---------		---------
Net Current Assets		396,170	312,904
		---------	---------
Total Assets Less Current Liabilities		574,152	368,142

Provisions

Taxation including deferred tax	27,115	–
	---------	---------
Net Assets	547,037	368,142
	---------	---------

Capital and Reserves

Called up share capital	6	100	100
Profit and loss account		546,937	368,042
		---------	---------
Shareholders Funds		547,037	368,142
		---------	---------

These abridged 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 abridged statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

Woodford Children's Home Limited

Abridged Statement of Financial Position (continued)

31 March 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 23 October 2025 , and are signed on behalf of the board by:

Mr P Carr
Director

Company registration number: 10924120

Woodford Children's Home Limited

Notes to the Abridged Financial Statements

Year Ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37b Chipstead Valley Road, Coulsdon, CR5 2RB.

2. Statement of compliance

These abridged 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

The turnover shown in the profit and loss account represents residents' fees earned during the year.

Income tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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:

Leasehold improvements	-	2% straight line
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 62 (2024: 48 ).

5. Tangible assets

	£
Cost
At 1 April 2024	94,661
Additions	31,568
Transfers	126,493
	---------
At 31 March 2025	252,722
	---------
Depreciation
At 1 April 2024	39,423
Charge for the year	35,317
	---------
At 31 March 2025	74,740
	---------
Carrying amount
At 31 March 2025	177,982
	---------
At 31 March 2024	55,238
	---------

6. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

7. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	486,550	440,400
Later than 1 year and not later than 5 years	1,253,950	1,519,150
Later than 5 years	891,000	1,080,600
	------------	------------
	2,631,500	3,040,150
	------------	------------

8. Related party transactions

Woodford Employee Ownership Trust ("Trust") holds the entire share capital for the future benefit of the company's employees. The funding for the transactions (and the associated costs) were partially achieved by an initial contribution by the company. The balance of the transaction was funded by the previous owner of the business and a healthcare loan facility. The loans due are an obligation of the Trust. During the year the company made contributions of £596,301 (2024: £745,019) to the Trust. The director is of the opinion that de facto control does not exist and therefore excluded the assets and liabilities of the Trust from these financial statements and consolidated accounts have not been prepared. During the year the company received loans from related parties. The outstanding balance due to related parties at the balance sheet date is as follows:

	2025	2024
	£	£
Amounts owed to group undertakings	3,303	481,066

Outstanding balances with entities are unsecured, interest free and repayable on demand.

9. Controlling party

Woodford Employee Ownership Trust is the beneficial owner of 100% of the ordinary share capital of Woodford Children's Home Limited . The shares are held by Woodford EOT Limited as its capacity as corporate trustee.