Elmbank Residential Care Home Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05099820 (England and Wales)

ELMBANK RESIDENTIAL CARE HOME LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss H K Saggu

Mrs C K Saggu

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

HA1 3EX

REGISTERED NUMBER:

05099820 (England and Wales)

ACCOUNTANTS:

KHI Albury Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

1,500,000

CURRENT ASSETS

Cash at bank

436,736

439,408

CREDITORS

Amounts falling due within one year

5

156,839

151,947

NET CURRENT ASSETS

279,897

287,461

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,779,897

1,787,461

CREDITORS

Amounts falling due after more than one year

6

(551,127

)

(600,000

)

PROVISIONS FOR LIABILITIES

(86,666

)

(86,666

)

NET ASSETS

1,142,104

1,100,795

CAPITAL AND RESERVES

Called up share capital

8

100

Revaluation reserve

9

456,138

Retained earnings

9

685,866

644,557

SHAREHOLDERS' FUNDS

1,142,104

1,100,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

Miss H K Saggu - Director

1.	STATUTORY INFORMATION

Elmbank 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 can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

no depreciation policy

Freehold property

No depreciation is charged on freehold land and buildings, as they are considered to have an unlimited useful life and are not subject to predictable diminution in value.

The carrying value of freehold property is reviewed periodically to ensure that it is not stated at more than its recoverable amount. Any impairment in value is recognised immediately in the profit and loss account in accordance with FRS 102 Section 17 - Property, Plant and Equipment.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,500,000

NET BOOK VALUE

At 31 March 2025

1,500,000

At 31 March 2024

1,500,000

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2018

456,138

Cost

1,043,862

1,500,000

The investment properties were revalued at the year-end date to their fair value of £1,500,000 by the Director, based on his online research. If the investment properties were included in the balance sheet on an historical cost basis, then the carrying amount would be £1,043,862 (2024: £1,043,862). The director is of the opinion that, given the static nature of the property market in recent times, the difference between the fair value and the estimated fair value was not significant, therefore he has adopted the fair value based on their research.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

23,759

18

Trade creditors

30,000

Taxation and social security

10,819

18,615

Other creditors

92,261

103,314

156,839

151,947

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

551,127

600,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due more than 5 yrs

432,420

600,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

574,868

600,000

Bank loans are secured by a fixed charge and a negative pledge over the company’s properties.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary Shares

£1

100

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 April 2024

644,557

456,138

1,100,695

Profit for the year

43,309

Dividends

(2,000

)

(2,000

)

At 31 March 2025

685,866

456,138

1,142,004

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors, amounts falling due within one year, is an amount of £89,861 (2024: £100,242) owed to the Director Mrs C Saggu. This amount is unsecured, interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs C K Saggu.