Lime Lodge Care Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06633607

Lime Lodge Care Ltd

Filleted Unaudited Financial Statements

31 October 2024

Lime Lodge Care Ltd

Financial Statements

Period from 1 July 2023 to 31 October 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Lime Lodge Care Ltd

Statement of Financial Position

31 October 2024

	31 Oct 24	30 Jun 23
Note	£	£

Fixed assets

Tangible assets	6	3,323	617,071

Current assets

Stocks		95	95
Debtors	7	2,275,791	13,105
Cash at bank and in hand		77,388	196,199
		------------	---------
		2,353,274	209,399

Creditors: amounts falling due within one year	8	1,481,796	123,380
		------------	---------
Net current assets		871,478	86,019
		---------	---------
Total assets less current liabilities		874,801	703,090

Creditors: amounts falling due after more than one year	9	–	13,281

Provisions

Taxation including deferred tax	947	1,027
	---------	---------
Net assets	873,854	688,782
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	873,754	688,682
	---------	---------
Shareholders funds	873,854	688,782
	---------	---------

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 period ending 31 October 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 period 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 .

Lime Lodge Care Ltd

Statement of Financial Position (continued)

31 October 2024

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

Mr S C Hill

Director

Company registration number: 06633607

Lime Lodge Care Ltd

Notes to the Financial Statements

Period from 1 July 2023 to 31 October 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 The White House, Wollaton Street, Nottingham, NG1 5GF.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

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

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	25% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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. Loans and borrowings 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. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 19 (2023: 21 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 July 2023 and 31 October 2024	10,000
	--------
Amortisation
At 1 July 2023 and 31 October 2024	10,000
	--------
Carrying amount
At 31 October 2024	–
	--------
At 30 June 2023	–
	--------

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

6. Tangible assets

	Freehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 July 2023	612,641	38,208	3,795	654,644
Transfers	( 612,641)	–	–	( 612,641)
	---------	--------	-------	---------
At 31 October 2024	–	38,208	3,795	42,003
	---------	--------	-------	---------
Depreciation
At 1 July 2023	–	34,103	3,470	37,573
Charge for the period	–	1,026	81	1,107
	---------	--------	-------	---------
At 31 October 2024	–	35,129	3,551	38,680
	---------	--------	-------	---------
Carrying amount
At 31 October 2024	–	3,079	244	3,323
	---------	--------	-------	---------
At 30 June 2023	612,641	4,105	325	617,071
	---------	--------	-------	---------

7. Debtors

	31 Oct 24	30 Jun 23
	£	£
Trade debtors	31,847	5,888
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,218,236	–
Other debtors	25,708	7,217
	------------	--------
	2,275,791	13,105
	------------	--------

8. Creditors: amounts falling due within one year

	31 Oct 24	30 Jun 23
	£	£
Bank loans and overdrafts	–	45,097
Trade creditors	–	3,064
Amounts owed to group undertakings and undertakings in which the company has a participating interest	16,206	–
Corporation tax	21,928	32,130
Social security and other taxes	–	2,255
Other creditors	1,443,662	40,834
	------------	---------
	1,481,796	123,380
	------------	---------

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

	31 Oct 24	30 Jun 23
	£	£
Bank loans and overdrafts	–	13,281
	----	--------

10. Controlling party

The company's ultimate parent company is Wellgate Group Limited. The registered address of the ultimate parent company is Bedford House Fulham Green, 69-79 Fulham High Street, London, United Kingdom, SW6 3JW.