Registration number:
Hatchmoor Nursing Home Limited
for the Year Ended 31 July 2025
Registration number:
Hatchmoor Nursing Home Limited
for the Year Ended 31 July 2025
Hatchmoor Nursing Home Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Statement of Comprehensive Income |
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Statement of Financial Position |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Hatchmoor Nursing Home Limited
Company Information
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Directors |
Mr Solomon Singh Mr John Singh |
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Company secretary |
Mr Solomon Singh |
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Registered office |
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Auditors |
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Hatchmoor Nursing Home Limited
Strategic Report for the Year Ended 31 July 2025
The directors present their strategic report for the year ended 31 July 2025.
Principal activity
The principal activity of the company is the running and day to day maintenance of a care home.
Fair review of the business
The directors are pleased to report turnover for the company of £4,695,408 (2024: £4,701,685) a decrease £6,277 of during the year.
Profit before tax for the company has decreased from £524,624 to £254,796 during the year, the gross profit margin for the company has fallen to 27.9% from 32.1% in 2024.
Profit for the year after tax was reported as £172,490 (2024: £379,928).
The directors are satisfied with the performance of the company during the year.
The net assets of the company were £2,350,703 as at 31 July 2025 as compared to £2,178,213 as at 31 July 2024.
The directors do not recommend payment of a final dividend.
Principal risks and uncertainties
The directors assess the performance of the company using change in turnover, gross profit and operating profit and net assets as set out above.
The company assesses its opportunities and risks in the market place including areas such as competition, market trends and health and safety policies in order to maintain and extend its business activities.
The company has a normal level of exposure to price, credit, liquidity and cashflow risks arising from trading activities which are conducted in sterling. The company does not enter into hedging transactions.
At the balance sheet date there were no significant areas of risk not covered.
Hatchmoor Nursing Home Limited
Strategic Report for the Year Ended 31 July 2025 (continued)
Non-financial and sustainability information
Environmental matters
Information about environmental matters, the company's employees, social community and human rights issues have not been provided as the directors do not believe it is fundamental to gain an understanding of the business.
Approved and authorised by the
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Hatchmoor Nursing Home Limited
Directors' Report for the Year Ended 31 July 2025
The directors present their report and the financial statements for the year ended 31 July 2025.
Directors of the company
The directors who held office during the year were as follows:
Future developments
The Directors were satisfied with the overall performance in 2025. During 2026 the company will continue to be impacted by the increase in wage costs but expect another strong financial performance.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
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Hatchmoor Nursing Home Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Hatchmoor Nursing Home Limited
Independent Auditor's Report to the Members of Hatchmoor Nursing Home Limited
Qualified opinion
We have audited the financial statements of Hatchmoor Nursing Home Limited (the 'company') for the year ended 31 July 2025, which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for qualified opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other matters
In the previous accounting period, the directors of the company took advantage of audit exemption under s477 of the Companies Act 2006. Therefore, the prior period financial statements were not subject to audit.
Hatchmoor Nursing Home Limited
Independent Auditor's Report to the Members of Hatchmoor Nursing Home Limited (continued)
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves concerning the carrying amount of £2.2 million (2024: £2.3 million) of land and buildings acquired prior to 2010 and potential impact on the profit and loss account. We have concluded that where the other information relates to fixed assets or the profit and loss account, it may be materially misstated for the same reason.
Opinion on other matters prescribed by the Companies Act 2006
Except for the possible effects of the matter described in the basis for qualified opinion section of our report, in our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
Except for the matter described in the basis for qualified opinion section of our report, in the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or directors report.
Arising solely from the limitation on scope of our work relating to tangible fixed assets, referred to above
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we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and |
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we were unable to determine whether adequate accounting records have been kept. |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made. |
Hatchmoor Nursing Home Limited
Independent Auditor's Report to the Members of Hatchmoor Nursing Home Limited (continued)
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 5], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The company is subject to laws and regulations that govern the preparation of the financial statements, including financial reporting legislation, and other companies legislation.
To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to:
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identifying areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with management and directors; |
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communicating identified laws and regulations throughout our team, and remained alert to any indications of non-compliance throughout the audit; and |
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assessing the extent of compliance through making enquiries of management and inspecting legal, regulatory, and HMRC correspondence, if any. |
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We evaluated the incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance and revenue being recorded in the incorrect accounting period. Our audit procedures in relation to fraud included but were not limited to: |
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making enquiries of management and directors on whether they had knowledge of any actual, suspected or alleged fraud; |
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gaining an understanding of the internal controls established to mitigate risks related to fraud; |
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discussing amongst the engagement team the risks of fraud; |
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performing sales cut off testing around the year end to confirm that revenue was recognised in the period to which it related; and |
Hatchmoor Nursing Home Limited
Independent Auditor's Report to the Members of Hatchmoor Nursing Home Limited (continued)
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addressing the risks of fraud through management override of controls by performing risk-based target testing of journal entries |
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In any audit, there remains a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
Barnstaple
Devon
EX31 1SQ
Hatchmoor Nursing Home Limited
Statement of Comprehensive Income for the Year Ended 31 July 2025
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Note |
2025 |
(As restated) |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Other operating income |
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Operating profit |
413,368 |
643,040 |
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Gain on financial assets at fair value through profit and loss |
- |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
( |
( |
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(158,572) |
(118,416) |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Hatchmoor Nursing Home Limited
(Registration number: 06320919)
Statement of Financial Position as at 31 July 2025
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Note |
2025 |
(As restated) |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
|||
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Called up share capital |
1 |
1 |
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Profit and loss account |
2,350,702 |
2,178,212 |
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Shareholders' funds |
2,350,703 |
2,178,213 |
Approved and authorised by the
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Hatchmoor Nursing Home Limited
Statement of Changes in Equity for the Year Ended 31 July 2025
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Share capital |
Profit and loss account |
Total |
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At 1 August 2023 |
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Profit for the year |
- |
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Dividends |
- |
( |
( |
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At 31 July 2024 |
1 |
2,178,212 |
2,178,213 |
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Share capital |
Profit and loss account |
Total |
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At 1 August 2024 |
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Prior period adjustment |
- |
( |
( |
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At 1 August 2024 (As restated) |
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Profit for the year |
- |
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At 31 July 2025 |
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Hatchmoor Nursing Home Limited
Statement of Cash Flows for the Year Ended 31 July 2025
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Note |
2025 |
(As restated) |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
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Depreciation and amortisation |
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Changes in fair value of investment property |
- |
( |
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Loss on disposal of tangible assets |
- |
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Finance income |
( |
( |
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Finance costs |
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Income tax expense |
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Working capital adjustments |
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Decrease/(increase) in debtors |
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( |
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Increase in creditors |
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Cash generated from operations |
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Income taxes paid |
( |
( |
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Net cash flow from operating activities |
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Cash flows from investing activities |
|||
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Interest received |
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Acquisitions of tangible assets |
( |
( |
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Net cash flows from investing activities |
( |
( |
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Cash flows from financing activities |
|||
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Interest paid |
( |
( |
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Repayment of bank borrowing |
( |
( |
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Dividends paid |
- |
( |
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Net cash flows from financing activities |
( |
( |
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Net (decrease)/increase in cash and cash equivalents |
( |
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Cash and cash equivalents at 1 August |
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Cash and cash equivalents at 31 July |
1,514,410 |
1,545,605 |
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Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Principal activity
The principal activity of the company is the running and day to day maintenance of a care home.
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis.
Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)
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2 |
Accounting policies (continued) |
Prior period errors
During the year it was identified that £106,384 of loan interest and a related tax impact of £26,596 was omitted from the accounts for the year ended 31 July 2024. This loan interest and corporation tax charge has been included in the restated profit and loss account for 2024. The reduction in the corporation tax liability and increase in the loan balance have been included in creditors in the restated creditor balances as at 31 July 2024.
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Revenue recognition
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.
Tax
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.
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.
Tangible assets
Tangible assets are stated in the statement of financial position 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.
Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)
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2 |
Accounting policies (continued) |
Depreciation
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:
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Asset class |
Depreciation method and rate |
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Freehold property |
2% straight line |
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Plant and machinery |
20% reducing balance |
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Motor vehicles |
25% straight line |
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Solar panels |
5% straight line |
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .
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.
Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)
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2 |
Accounting policies (continued) |
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Defined contribution pension obligation
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.
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
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2025 |
2024 |
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Nursing and care fees |
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Other operating income |
The analysis of the company's other operating income for the year is as follows:
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2025 |
2024 |
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Rent received |
|
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Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)
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Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
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2025 |
2024 |
|
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Loss on disposal of tangible assets |
- |
( |
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Operating profit |
Arrived at after charging/(crediting)
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2025 |
2024 |
|
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Depreciation expense |
|
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Loss on disposal of property, plant and equipment |
- |
|
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Other interest receivable and similar income |
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2025 |
2024 |
|
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Other finance income |
|
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Interest payable and similar expenses |
|
2025 |
(As restated) |
|
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Interest on bank overdrafts and borrowings |
|
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2025 |
2024 |
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Wages and salaries |
|
|
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Social security costs |
|
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Pension costs, defined contribution scheme |
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The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)
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9 |
Staff costs (continued) |
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2025 |
2024 |
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Directors |
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Administration |
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Other |
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Directors' remuneration |
The directors' remuneration for the year was as follows:
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2025 |
2024 |
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Remuneration |
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In respect of the highest paid director:
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2025 |
2024 |
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Remuneration |
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During the year the highest paid director exercised share options.
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Auditors' remuneration |
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2025 |
2024 |
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Audit of the financial statements |
|
- |
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Taxation |
Tax charged/(credited) in the statement of comprehensive income
|
2025 |
(As restated) |
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Current taxation |
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UK corporation tax |
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Deferred taxation |
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Arising from origination and reversal of timing differences |
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( |
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Tax expense in the income statement |
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Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)
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12 |
Taxation (continued) |
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
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2025 |
(As restated) |
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Profit before tax |
|
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Corporation tax at standard rate |
|
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Effect of expense not deductible in determining taxable profit (tax loss) |
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Tax increase from other tax effects |
- |
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Total tax charge |
|
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Deferred tax
Deferred tax liabilities
The deferred tax liability is made up as follows:
|
2025 |
2024 |
|
|
Accelerated capital allowances |
|
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Revaluation of investment property |
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Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)
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Tangible assets |
|
Land and buildings |
Plant and machinery |
Solar Panels |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 August 2024 |
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- |
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Additions |
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- |
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At 31 July 2025 |
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Depreciation |
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At 1 August 2024 |
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- |
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Charge for the year |
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- |
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At 31 July 2025 |
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Carrying amount |
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At 31 July 2025 |
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|
- |
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At 31 July 2024 |
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- |
- |
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Investment properties |
|
2025 |
|
|
At 1 August 2024 |
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At 31 July 2025 |
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The investment property was revalued in April 2025 by an independent qualified valuer, Tim Hickman of Wright Commercial. The directors have confirmed the valuation remains appropriate at 31 July 2025.
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Debtors |
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Current |
Note |
2025 |
2024 |
|
Trade debtors |
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Amounts owed by related parties |
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Other debtors |
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Prepayments |
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Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)
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Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash at bank |
|
|
|
Creditors |
|
Note |
2025 |
(As restated) |
|
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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|
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Amounts due to related parties |
|
- |
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Other payables |
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Accruals |
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|
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Corporation tax liability |
34,722 |
212,685 |
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|
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Due after one year |
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Loans and borrowings |
|
|
|
Provisions for liabilities |
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Deferred tax |
Total |
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At 1 August 2024 |
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Provisions used |
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At 31 July 2025 |
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Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
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|
No. |
£ |
No. |
£ |
|
|
|
|
1 |
|
1 |
|
Reserves |
Profit and loss account
This reserve records retained earnings and accumulated losses. Included within this fund are non-distributable funds of £7,452 relating to revaluation of investment properties.
Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)
|
Loans and borrowings |
Non-current loans and borrowings
|
2025 |
(As restated) |
|
|
Bank borrowings |
|
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Current loans and borrowings
|
2025 |
(As restated) |
|
|
Bank borrowings |
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|
Bank borrowings contain two loans held with NatWest Bank.
The first loan of £246,080 was taken out in September 2023 and is repayable in 60 monthly equal instalments of £4,836.42 commencing November 2023 and a final instalment of an amount sufficient to repay the loan and interest in full. The interest on the loan is at 1.5% over base rate. As at the year-end £49,336 is shown as repayable within one year and £118,494 shown as repayable after one year.
The second loan of £2,447,997 was taken out in September 2023 and is and interest only loan which is repayable 60 months after the loan is drawn. The interest on the loan is fixed at 1.5% over base rate. As at the year-end £2,447,997 is shown as repayable in more than 1 year.
These loans are secured by an existing fixed and floating debenture charge, dated October 2007, which NatWest Bank holds over the Company and all its property and assets and a freehold first legal charge over the land and its associated assets.
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Dividends |
|
2025 |
2024 |
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|
£ |
£ |
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|
Final dividend of £Nil (2024 - £ |
- |
67,000 |
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Hatchmoor Nursing Home Limited
Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)
|
Related party transactions |
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Transactions with directors |
|
2025 |
At 1 August 2024 |
Advances to director |
Repayments by director |
At 31 July 2025 |
|
Mr Solomon Singh |
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|
|
|
|
( |
|
|
Mr John Singh |
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|
|
|
|
( |
( |
|
2024 |
At 1 August 2023 |
Advances to director |
Repayments by director |
At 31 July 2024 |
|
Mr Solomon Singh |
||||
|
|
|
|
( |
|
|
Mr John Singh |
||||
|
|
|
|
( |
|
The loan is repayable on demand and interest is charged on overdrawn balances at HMRC's official rate.
Summary of transactions with other related parties
|
The company has provided an unsecured, interest free loan to a company under common control which is repayable on demand. At 31 July 2025 the amount owed to the company was £352,351 (2024: £352,351). |
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Parent and ultimate parent undertaking |
The company's immediate parent is
The most senior parent entity producing publicly available financial statements is