The Lawns Residential Care Home Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07653933 (England and Wales)

Financial Statements for the Year Ended 31 October 2024

for

The Lawns Residential Care Home Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

2,080,461

2,146,504

2,080,461

2,146,504

CURRENT ASSETS

Debtors

6

1,853,259

1,857,055

CREDITORS

Amounts falling due within one year

7

1,293,444

1,264,390

NET CURRENT ASSETS

559,815

592,665

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,640,276

2,739,169

CREDITORS

Amounts falling due after more than one
year

8

2,380,250

2,356,621

NET ASSETS

260,026

382,548

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

259,926

382,448

SHAREHOLDERS' FUNDS

260,026

382,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 25 September 2025 and were signed by:

A S Cohen - Director

1.	STATUTORY INFORMATION

The Lawns 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 are as below:

Registered number:

07653933

Registered office:

5 Spring Villa Road

Edgware

Middlesex

HA8 7EB

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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 27 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

388,000

AMORTISATION

At 1 November 2023

and 31 October 2024

388,000

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1 November 2023

2,182,134

197,047

372,753

3,625

2,755,559

Additions

-

13,884

-

13,884

At 31 October 2024

2,182,134

197,047

386,637

3,625

2,769,443

DEPRECIATION

At 1 November 2023

368,235

23,571

213,624

3,625

609,055

Charge for year

32,732

3,941

43,254

-

79,927

At 31 October 2024

400,967

27,512

256,878

3,625

688,982

NET BOOK VALUE

At 31 October 2024

1,781,167

169,535

129,759

-

2,080,461

At 31 October 2023

1,813,899

173,476

159,129

-

2,146,504

Included in cost of land and buildings is freehold land of £ 545,534 (2023 - £ 545,534 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

684

4,480

Amounts owed by associates

1,850,359

Prepayments

2,216

1,853,259

1,857,055

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts (see note 9)

227,879

379,678

Trade creditors

19,767

19,529

Amounts owed to associates

868,885

709,785

Social security and other

taxes

27,879

65,826

Fees in advance

26,911

27,355

Other creditors

11,830

5,160

Deferred income

7,437

4,382

Accrued expenses

102,856

52,675

1,293,444

1,264,390

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans (see note 9)

2,380,250

2,356,621

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

Amounts falling due within one year or on demand:

Bank overdrafts

45,808

41,533

Bank loans

182,071

338,145

227,879

379,678

Amounts falling due between two and five years:

Bank loans - 2-5 years

1,926,723

1,884,567

Bank Loan 2-5 years

453,527

472,054

2,380,250

2,356,621

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Lawns Holding Limited.