The Woodlands Care Home Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03201441 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

THE WOODLANDS CARE HOME LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Campbell

Ms S A Mckenzie

SECRETARY:

A J Campbell

REGISTERED OFFICE:

12 Gateway Mews

Ring Way

London

N11 2UT

REGISTERED NUMBER:

03201441 (England and Wales)

ACCOUNTANTS:

G. George Associates Limited

Chartered Certified Accountants

12 Gateway Mews

Ring Way

London

N11 2UT

FIXED ASSETS

Tangible assets

4

457,580

440,720

Investment property

5

3,229,360

3,129,360

3,686,940

3,570,080

CURRENT ASSETS

Debtors

6

281,356

148,920

Cash at bank and in hand

67,919

128,497

349,275

277,417

CREDITORS

Amounts falling due within one year

7

154,356

181,634

NET CURRENT ASSETS

194,919

95,783

TOTAL ASSETS LESS CURRENT LIABILITIES

3,881,859

3,665,863

CREDITORS

Amounts falling due after more than one year

8

(465,325

)

(469,625

)

PROVISIONS FOR LIABILITIES

(104,574

)

(85,574

)

NET ASSETS

3,311,960

3,110,664

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

983,716

902,716

Retained earnings

2,328,144

2,207,848

3,311,960

3,110,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 October 2022 and were signed on its behalf by:

A J Campbell - Director

1.	STATUTORY INFORMATION

The Woodlands Care 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

3% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable proftits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 30 (2021 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2021

359,219

43,539

291,392

Additions

1,758

3,779

38,568

At 31 March 2022

360,977

47,318

329,960

DEPRECIATION

At 1 April 2021

6,304

10,885

237,687

Charge for year

10,829

9,108

23,068

At 31 March 2022

17,133

19,993

260,755

NET BOOK VALUE

At 31 March 2022

343,844

27,325

69,205

At 31 March 2021

352,915

32,654

53,705

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2021

14,438

-

708,588

Additions

20,395

1,102

65,602

At 31 March 2022

34,833

1,102

774,190

DEPRECIATION

At 1 April 2021

12,992

-

267,868

Charge for year

5,461

276

48,742

At 31 March 2022

18,453

276

316,610

NET BOOK VALUE

At 31 March 2022

16,380

826

457,580

At 31 March 2021

1,446

-

440,720

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

20,395

At 31 March 2022

20,395

DEPRECIATION

Charge for year

5,099

At 31 March 2022

5,099

NET BOOK VALUE

At 31 March 2022

15,296

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2021

3,129,360

Revaluations

100,000

At 31 March 2022

3,229,360

NET BOOK VALUE

At 31 March 2022

3,229,360

At 31 March 2021

3,129,360

Fair value at 31 March 2022 is represented by:

£

Valuation in 2015

210,991

Valuation in 2017

777,299

Valuation in 2022

100,000

Cost

2,141,070

3,229,360

If investment property had not been revalued it would have been included at the following historical cost:

31.3.22

31.3.21

£

£

Cost

2,141,070

2,141,070

Investment property was valued on an open market basis on 31 March 2022 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

841

16,032

Other debtors

280,515

132,888

281,356

148,920

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

12,667

12,700

Hire purchase contracts

5,000

-

Trade creditors

15

15

Taxation and social security

46,746

82,174

Other creditors

89,928

86,745

154,356

181,634

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

456,991

469,625

Hire purchase contracts

8,334

-

465,325

469,625

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

456,991

469,625

9.

RESERVES

Fair

value

reserve

£

At 1 April 2021

902,716

Fair value movement net of deferred tax trf'd from retained earnings

81,000

At 31 March 2022

983,716