Lychgate House Care Limited - Filleted accounts

Registered number

12825553

Lychgate House Care Limited

Filleted Accounts

31 March 2025

Lychgate House Care Limited
Registered number:		12825553
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		305,000			315,517
Tangible assets	4		1,480,357			1,447,832
			1,785,357			1,763,349

Current assets
Debtors	5	96,263			44,741
Cash at bank and in hand		119,706			313,111
		215,969			357,852

Creditors: amounts falling due within one year	6	(266,586)			(241,975)

Net current (liabilities)/assets			(50,617)			115,877

Total assets less current liabilities			1,734,740			1,879,226

Creditors: amounts falling due after more than one year	7		(717,719)			(1,136,849)

Net assets			1,017,021			742,377

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,016,921			742,277

Shareholders' funds			1,017,021			742,377

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P Amin
Director
Approved by the board on 17 November 2025

Lychgate House Care Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets - acquired goodwill. Amortised at 6.5% per annum on original cost.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.





2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			21		18



3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					350,574
	At 31 March 2025					350,574

	Amortisation
	At 1 April 2024					35,057
	Provided during the year					10,517
	At 31 March 2025					45,574

	Net book value
	At 31 March 2025					305,000
	At 31 March 2024					315,517

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.



4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	1,310,539		190,700		1,501,239
	Additions	13,000		48,208		61,208
	At 31 March 2025	1,323,539		238,908		1,562,447

	Depreciation
	At 1 April 2024	-		53,407		53,407
	Charge for the year	-		28,683		28,683
	At 31 March 2025	-		82,090		82,090

	Net book value
	At 31 March 2025	1,323,539		156,818		1,480,357
	At 31 March 2024	1,310,539		137,293		1,447,832






5	Debtors			2025		2024
£					£

	Trade debtors			87,657		38,416
	Prepayments			8,606		6,325
				96,263		44,741



6	Creditors: amounts falling due within one year			2025		2024
£					£

	Directors accounts			100,000		100,000
	Bank loans and overdrafts			64,533		35,680
	Trade creditors			5,346		-
	Taxation and social security costs			85,330		83,535
	Other creditors			11,377		22,760
				266,586		241,975


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Directors loan accounts			299,560		649,500
	Bank loans			418,159		487,349
				717,719		1,136,849


8	Other information

	Lychgate House Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Business Ledger
	Unit 3
	Waterside Drive
	Slough
	SL3 6EX