SRJ Care Home Limited - Filleted accounts

Registered number

09944614

SRJ Care Home Limited

Filleted Accounts

31 March 2025

SRJ Care Home Limited
Registered number:		09944614
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		92,032			135,432
Tangible assets	4		693,355			697,214
			785,387			832,646

Current assets
Debtors	5	28,276			45,989
Cash at bank and in hand		1,156,013			866,829
		1,184,289			912,818

Creditors: amounts falling due within one year	6	(174,495)			(151,312)

Net current assets			1,009,794			761,506

Total assets less current liabilities			1,795,181			1,594,152

Creditors: amounts falling due after more than one year	7		(536,718)			(562,144)

Provisions for liabilities			(5,105)			(5,105)


Net assets			1,253,358			1,026,903

Capital and reserves
Called up share capital			160			160
Profit and loss account			1,253,198			1,026,743

Shareholders' funds			1,253,358			1,026,903

The director is 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 director acknowledges his 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.


Mrs Jayaben Varsani
Director
Approved by the board on 12 August 2025

SRJ Care Home 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 are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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	2% on cost
	Plant and machinery	20% on cost
	Computer equipment	33% on cost

	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.

	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			43		43


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					434,000
	At 31 March 2025					434,000

	Amortisation
	At 1 April 2024					298,568
	Provided during the year					43,400
	At 31 March 2025					341,968

	Net book value
	At 31 March 2025					92,032
	At 31 March 2024					135,432

	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	790,770		95,666		886,436
	Additions	-		18,757		18,757
	At 31 March 2025	790,770		114,423		905,193

	Depreciation
	At 1 April 2024	108,801		80,421		189,222
	Charge for the year	15,816		6,800		22,616
	At 31 March 2025	124,617		87,221		211,838

	Net book value
	At 31 March 2025	666,153		27,202		693,355
	At 31 March 2024	681,969		15,245		697,214


5	Debtors			2025		2024
£					£

	Trade debtors			15,983		25,277
	Other debtors			12,293		20,712
				28,276		45,989


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

	Bank loans and overdrafts			69,915		77,096
	Trade creditors			18,196		3,173
	Taxation and social security costs			76,763		64,354
	Other creditors			9,621		6,689
				174,495		151,312


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

	Bank loans			536,718		562,144


8	Loans			2025		2024
£					£
	Creditors include:
	Instalments falling due for payment after more than five years			246,355		233,160


	Secured bank loans			595,930		618,640

	The bank loan is secured by fixed and floating charges against the freehold property and assets of the business.


9	Other information

	SRJ Care Home Limited is a private company limited by shares and incorporated in England. Its registered office is:
	18 The Broadway
	East Lane
	Wembley
	Middlesex
	HA9 8JU