Registration number: 09456947

Bakewell Cottage Care Home Limited

(Registration number: 09456947)

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	3	10,849	18,217
Tangible assets	4	3,545,450	3,624,059
		3,556,299	3,642,276
Current assets
Stocks		1,200	1,200
Debtors	5	22,386	43,085
Cash at bank and in hand		471,499	272,559
		495,085	316,844
Creditors: Amounts falling due within one year	6	(371,475)	(294,150)
Net current assets		123,610	22,694
Total assets less current liabilities		3,679,909	3,664,970
Creditors: Amounts falling due after more than one year	6	(895,307)	(1,051,393)
Provisions for liabilities		(193,463)	(194,087)
Net assets		2,591,139	2,419,490
Capital and reserves
Called up share capital		2	2
Share premium reserve		1,320,179	1,320,179
Revaluation reserve		208,000	208,000
Retained earnings		1,062,958	891,309
Shareholders' funds		2,591,139	2,419,490

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

Bakewell Cottage Care Home Limited

(Registration number: 09456947)

Balance Sheet as at 31 March 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 27 November 2025 and signed on its behalf by:
 

.........................................

A E A Bell

Director

Bakewell Cottage Care Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

Statutory information

Bakewell Cottage Care Home Limited is a private company, limited by shares, domiciled in England and Wales, company number 09456947. The registered office is at Victoria Mill Stables, Buxton Road, Bakewell, DE45 1DA.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for services provided in the ordinary course of the company’s activities. Turnover is recognised when receivable to cover the period of service provided.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Bakewell Cottage Care Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	2% straight line
Fixtures and fittings	15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20 years

Stocks

Stocks represent catering goods held by the company at the year end.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 57 (2024 - 56).

Bakewell Cottage Care Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3	Intangible assets

	Goodwill  £
Cost
At 1 April 2024	147,351
At 31 March 2025	147,351
Amortisation
At 1 April 2024	129,134
Amortisation charge	7,368
At 31 March 2025	136,502
Carrying amount
At 31 March 2025	10,849
At 31 March 2024	18,217

4	Tangible assets

	Freehold land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	3,750,000	100,723	3,850,723
At 31 March 2025	3,750,000	100,723	3,850,723
Depreciation
At 1 April 2024	150,000	76,664	226,664
Charge for the year	75,000	3,609	78,609
At 31 March 2025	225,000	80,273	305,273
Carrying amount
At 31 March 2025	3,525,000	20,450	3,545,450
At 31 March 2024	3,600,000	24,059	3,624,059

The directors are satisfied that the carrying value of the company's freehold land and buildings as at 31 March 2025 is not materially different to the above valuation of £3,525,000 (2024: £3,600,000) provided previously by GVA, who are external to the company. If the revalued assets were stated on a historical cost basis the amount included would have been £2,094,900 (2024: £2,094,900). The depreciation on the historical cost is £125,694 (2024: £83,796).

Bakewell Cottage Care Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Debtors

	2025 £	2024 £
Trade debtors	12,667	32,436
Prepayments	9,197	10,127
Other debtors	522	522
	22,386	43,085

6

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	37,603	31,889
Taxation and social security	212,479	161,486
Accruals and deferred income	18,566	4,905
Other creditors	102,827	95,870
	371,475	294,150