ACCOUNTS - Final Accounts

Registered number: 09948340

CHADWICK LODGE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


CHADWICK LODGE LIMITED REGISTERED NUMBER:09948340

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		946,809		838,397
			946,809		838,397
Current assets
Cash at bank and in hand	5	2,692		31,379
		2,692		31,379
Creditors: amounts falling due within one year	6	(1,121,271)		(1,026,411)
Net current liabilities			(1,118,579)		(995,032)
Total assets less current liabilities			(171,770)		(156,635)
Provisions for liabilities
Deferred tax	7	-		(1,425)
			-		(1,425)
Net liabilities			(171,770)		(158,060)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(171,870)	(158,160)
	(171,770)	(158,060)

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CHADWICK LODGE LIMITED REGISTERED NUMBER:09948340

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L J Reilly

Director

Date: 3 December 2025

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CHADWICK LODGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Chadwick Lodge Limited is a private company limited by shares, incorporated in England and Wales. The registered office is Millhouse, 32 - 38 East Street, Rochford, Essex, SS4 1DB.

The principal activity of the company continued to be that of a residential care home.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis, despite the net liabilities, due to the continuing support of the director.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.4

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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CHADWICK LODGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

15%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 -1).

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CHADWICK LODGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 April 2024	830,897	100,000	930,897
Additions	115,912	-	115,912
At 31 March 2025	946,809	100,000	1,046,809
Depreciation
At 1 April 2024	-	92,500	92,500
Charge for the year on owned assets	-	7,500	7,500
At 31 March 2025	-	100,000	100,000
Net book value
At 31 March 2025	946,809	-	946,809
At 31 March 2024	830,897	7,500	838,397

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	2,692	31,379
	2,692	31,379

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other loans	43,000	43,000
Other creditors	1,076,831	982,211
Accruals and deferred income	1,440	1,200
	1,121,271	1,026,411

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CHADWICK LODGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Deferred taxation

	2025	2024
	£	£

At beginning of year	1,425	4,275
Charged to profit or loss	(1,425)	(2,850)
At end of year	-	1,425

The deferred taxation balance is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	-	1,425
		-	1,425

8.	Related party transactions
	Included in other creditors are interest free loans from Avondale Care Home Limited with a closing balance of £175,700 (2024: £170,000), and Westminster House Residential Care Limited with a closing balance of £495,545 (2024: £406,625). All companies are under the common control of L J Reilly, the director.

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