Safe Haven Care Home and Lodges Limited

Contents
	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 07151479

		28 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		748,417		154,980

			748,417		154,980
CURRENT ASSETS
Stocks		1,350		1,200
Debtors		75,685		135,142
Cash at bank and in hand		63,206		64,522

		140,241		200,864
Creditors: Amounts Falling Due Within One Year		(661,458 )		(102,627 )

NET CURRENT ASSETS (LIABILITIES)			(521,217 )		98,237

TOTAL ASSETS LESS CURRENT LIABILITIES			227,200		253,217

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,838 )		(16,850 )

NET ASSETS			218,362		236,367

CAPITAL AND RESERVES
Called up share capital	4		100		100
Profit and Loss Account			218,262		236,267

SHAREHOLDERS' FUNDS			218,362		236,367

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Safe Haven Care Home and Lodges Limited

Abridged Balance Sheet (continued)

As At 28 March 2025

For the period ending 28 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr C C Breen

Director

24 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

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).

1.2. Turnover

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 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.

1.3. Tangible Fixed Assets and Depreciation

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 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:

Freehold	4% Straight Line
Leasehold	4% Straight Line
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance

1.4. Leasing and Hire Purchase Contracts

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

1.5. Stocks and Work in Progress

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.

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Safe Haven Care Home and Lodges Limited

Notes to the Abridged Financial Statements (continued)

For the Period 1 April 2024 to 28 March 2025

1.6. Financial Instruments

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.

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.

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

1.7. Taxation

The tax expense for the period comprises current and deferred 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.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

1.8. Pensions

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.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 13 (2024: 13)

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Safe Haven Care Home and Lodges Limited

Notes to the Abridged Financial Statements (continued)

For the Period 1 April 2024 to 28 March 2025

3. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	222,007
Additions	638,542
Disposals	(44,109 )

As at 28 March 2025	816,440

Depreciation
As at 1 April 2024	67,027
Provided during the period	19,981
Disposals	(18,985 )

As at 28 March 2025	68,023

Net Book Value
As at 28 March 2025	748,417

As at 1 April 2024	154,980

4. Share Capital

	28 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	100	100

5. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 28 March 2025
	£	£	£	£	£
Mr Dafydd Edwards	(13,974)	(38,783)	633,937	-	581,180

During the year the company made unsecured, interest free, repayable on demand loans to the directors via the provision of a facility which could be drawn against. At the balance sheet date the amount due to the directors was £581,180 (2024: £13,974 owed from the directors).

6. Related Party Transactions

Relationship: Other owners holding a participating interest

During the year the owner holding a participating share received unsecured, interest free, repayable on demand loans from the company. Advances totalling £6,000 were made. At the balance sheet date the amount owed by the owner holding a participating share was £12,452 (2024 - £6,452).

7. General Information

Safe Haven Care Home and Lodges Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07151479 . The registered office is Alexander House, Colliery Road, Llanbradach, Caerphilly, CF83 3QQ.

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