| The Pantiles Care Home Limited |
| Registered number: |
05802876 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
1,466,426 |
|
|
1,461,942 |
|
| Current assets |
| Stocks |
|
|
2,000 |
|
|
3,500 |
| Debtors |
5 |
|
381,577 |
|
|
281,217 |
| Cash at bank and in hand |
|
|
6,926 |
|
|
1,351 |
|
|
|
390,503 |
|
|
286,068 |
|
| Creditors: amounts falling due within one year |
6 |
|
(148,023) |
|
|
(103,983) |
|
| Net current assets |
|
|
|
242,480 |
|
|
182,085 |
|
| Total assets less current liabilities |
|
|
|
1,708,906 |
|
|
1,644,027 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(125,979) |
|
|
(147,290) |
|
| Provisions for liabilities |
|
|
|
(34,300) |
|
|
(25,634) |
|
|
| Net assets |
|
|
|
1,548,627 |
|
|
1,471,103 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Non distributable revaluation reserve |
9 |
|
|
90,578 |
|
|
88,441 |
| Profit and loss account |
|
|
|
1,457,049 |
|
|
1,381,662 |
|
| Shareholders' funds |
|
|
|
1,548,627 |
|
|
1,471,103 |
|
|
|
|
|
|
|
|
| The directors are 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 directors acknowledge their 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. |
|
|
|
| Mr Chander Parkash |
| Director |
| Approved by the board on 19 November 2025 |
|
| The Pantiles 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). |
|
|
Income |
|
Income represents the invoiced value of services provided to customers. Income 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: |
|
|
Plant and machinery |
over 4 years |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
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 |
21 |
|
20 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2024 |
170,000 |
|
At 31 March 2025 |
170,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2024 |
170,000 |
|
At 31 March 2025 |
170,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill has been completely written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
1,450,000 |
|
201,137 |
|
1,651,137 |
|
Additions |
- |
|
10,862 |
|
10,862 |
|
Disposals |
- |
|
(41,352) |
|
(41,352) |
|
At 31 March 2025 |
1,450,000 |
|
170,647 |
|
1,620,647 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
189,195 |
|
189,195 |
|
Charge for the year |
- |
|
6,378 |
|
6,378 |
|
On disposals |
- |
|
(41,352) |
|
(41,352) |
|
At 31 March 2025 |
- |
|
154,221 |
|
154,221 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
1,450,000 |
|
16,426 |
|
1,466,426 |
|
At 31 March 2024 |
1,450,000 |
|
11,942 |
|
1,461,942 |
|
|
The directors have revalued the freehold property at the Balance Sheet date based on the purchase price, acquisition costs and the enhancement costs to date. An independent professional valuation was not instructed during the year. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
11,332 |
|
6,345 |
|
Other debtors |
370,245 |
|
274,872 |
|
|
|
|
|
|
381,577 |
|
281,217 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
65,270 |
|
38,012 |
|
Trade creditors |
27,323 |
|
11,625 |
|
Taxation and social security costs |
38,592 |
|
49,245 |
|
Other creditors |
16,838 |
|
5,101 |
|
|
|
|
|
|
148,023 |
|
103,983 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
125,979 |
|
147,290 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
127,062 |
|
143,731 |
|
|
|
|
|
|
|
|
|
|
The company has the above secured loan that has a 1st legal charge on the company's freehold property, directors' personal guarantee for £55,000 and the company's debentures. |
|
|
| 9 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
88,441 |
|
95,219 |
|
Revaluation in the year |
- |
|
(6,778) |
|
Deferred taxation arising on the revaluation of land and buildings |
2,137 |
|
- |
|
|
At 31 March 2025 |
90,578 |
|
88,441 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
9,596 |
|
9,596 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Financial instruments |
|
|
The company has an arranged overdraft facility of £50,000 with the bank. During the year the company remained within the agreed overdraft limit. |
|
|
| 12 |
Transactions with directors |
|
|
During the year, the director's emoluments amounted to £41,634 [2024 - £37,849]. At the year end, the company owed the directors £12,000 [2024 - £950]. |
|
|
| 13 |
Related party transactions |
2025 |
|
2024 |
| £ |
£ |
|
Springfield Manor UK Limited |
|
The company is related to Springfield Manor UK Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows: |
|
|
The amount due (to) / from Springfield Manor UK Limited. |
|
308,357 |
|
217,357 |
|
|
Errol Developments |
|
The company is related to Errol Developments by virtue of direct control. The amount due to and from these related parties at the year end were as follows: |
|
|
The amount due (to) / from Errol Developments. |
|
10,000 |
|
10,000 |
|
|
Bridge Road Real Estate Limited |
|
The company is related to Bridge Road Real Estate Limited by virtue of direct control. The amount due to and from these related parties at the year end were as follows: |
|
|
The amount due (to) / from Bridge Road Real Estate Limited. |
|
45,270 |
|
43,770 |
|
|
| 14 |
Other information |
|
|
The Pantiles Care Home Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
No 5 Palace View, |
|
2-6 Bridge Road, |
|
East Molesey, |
|
Surrey, |
|
KT8 9HA |