REGISTERED NUMBER: 08564239 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LMB HILLCREST HOME LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L Bolger

REGISTERED OFFICE:

The Quadrant

99 Parkway Avenue

Sheffield

S9 4WG

REGISTERED NUMBER:

08564239 (England and Wales)

ACCOUNTANTS:

Booth Lynch & Co Limited

4 The Dell

Woodlaithes Village

Rotherham

S66 3ZQ

FIXED ASSETS

Intangible assets

4

150,695

168,023

Tangible assets

5

474,728

490,280

625,423

658,303

CURRENT ASSETS

Stocks

1,478

1,521

Debtors

6

259,887

261,458

Cash at bank and in hand

9,835

14,583

271,200

277,562

CREDITORS

Amounts falling due within one year

7

333,979

395,496

NET CURRENT LIABILITIES

(62,779

)

(117,934

)

TOTAL ASSETS LESS CURRENT LIABILITIES

562,644

540,369

CREDITORS

Amounts falling due after more than one year

8

(525,478

)

(518,850

)

PROVISIONS FOR LIABILITIES

(4,394

)

(4,400

)

NET ASSETS

32,772

17,119

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

32,672

17,019

32,772

17,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 19 August 2026 and were signed by:

Mrs L Bolger - Director

1.	STATUTORY INFORMATION

LMB Hillcrest 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

346,671

AMORTISATION

At 1 January 2024

178,648

Charge for year

17,328

At 31 December 2024

195,976

NET BOOK VALUE

At 31 December 2024

150,695

At 31 December 2023

168,023

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

557,897

102,247

5,920

666,064

DEPRECIATION

At 1 January 2024

89,585

80,279

5,920

175,784

Charge for year

11,158

4,394

-

15,552

At 31 December 2024

100,743

84,673

5,920

191,336

NET BOOK VALUE

At 31 December 2024

457,154

17,574

-

474,728

At 31 December 2023

468,312

21,968

-

490,280

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

24,755

25,041

Other debtors

235,132

236,417

259,887

261,458

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

56,325

59,833

Trade creditors

15,807

6,615

Taxation and social security

152,866

95,224

Other creditors

108,981

233,824

333,979

395,496

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

525,478

518,850

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

581,803

578,683

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mrs L Bolger

Balance outstanding at start of year

126,110

286,532

Amounts repaid

(12,663

)

(160,422

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

113,447

126,110

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs L Bolger.