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Registration number: 03332256

Penwith Respite Care Limited
(A company limited by guarantee)
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Penwith Respite Care Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Penwith Respite Care Limited

Company Information

Directors | Mr Kevin Mackness Mrs Suzanna Jacoby Mr Paul Coles

Company secretary | Mrs Margaret Heather Whitehead

Registered office | Poppies Unit 2 Knights Yard Penzance Cornwall TR18 2BL

Penwith Respite Care Limited

(Registration number: 03332256)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 9,800 | 13,067
Current assets |  |  |
Stocks | 5 | 250 | 250
Debtors | 6 | 23,033 | 21,804
Cash at bank and in hand |  | 225,499 | 212,682
|  | 248,782 | 234,736
Creditors: Amounts falling due within one year | 7 | (28,691) | (30,766)
Net current assets |  | 220,091 | 203,970
Net assets |  | 229,891 | 217,037
Reserves |  |  |
Retained earnings |  | 229,891 | 217,037
Surplus |  | 229,891 | 217,037

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 prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Penwith Respite Care Limited

(Registration number: 03332256)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 3 December 2025 and signed on its behalf by:

Mr Kevin Mackness

Director

Mrs Suzanna Jacoby

Director

Mr Paul Coles

Director

Penwith Respite Care Limited

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

1 | General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Poppies
Unit 2
Knights Yard
Penzance
Cornwall
TR18 2BL
United Kingdom

2 | Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

Penwith Respite Care Limited

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

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.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Improvements to leasehold property | 10% straight line
Equipment | 25% reducing balance
Motor vehicles | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Penwith Respite Care Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 30 (2024 - 28).

Penwith Respite Care Limited

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

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 8,742 | 55,021 | 42,818 | 106,581
At 31 March 2025 | 8,742 | 55,021 | 42,818 | 106,581
Depreciation
At 1 April 2024 | 8,742 | 48,528 | 36,244 | 93,514
Charge for the year | - | 1,623 | 1,644 | 3,267
At 31 March 2025 | 8,742 | 50,151 | 37,888 | 96,781
Carrying amount
At 31 March 2025 | - | 4,870 | 4,930 | 9,800
At 31 March 2024 | - | 6,493 | 6,574 | 13,067

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 250 | 250

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 11,952 | 12,261
Prepayments | 9,663 | 8,336
Other debtors | 1,418 | 1,207
| 23,033 | 21,804

Penwith Respite Care Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 5,943 | 6,796
Taxation and social security | 16,629 | 19,353
Accruals and deferred income | 3,609 | 2,300
Other creditors | 2,510 | 2,317
| 28,691 | 30,766