Florence Lodge Healthcare Ltd - Accounts to registrar (filleted) - small 22.3
Florence Lodge Healthcare Ltd - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 |
| FOR |
| FLORENCE LODGE HEALTHCARE LTD |
| FLORENCE LODGE HEALTHCARE LTD (REGISTERED NUMBER: 05564580) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2022 |
| Page |
| Balance sheet | 1 |
| Notes to the financial statements | 3 |
| FLORENCE LODGE HEALTHCARE LTD (REGISTERED NUMBER: 05564580) |
| BALANCE SHEET |
| 31 MARCH 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) |
| Creditors |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| Provisions for liabilities | 10 | ( |
) | ( |
) |
| Net assets/(liabilities) | ( |
) |
| Capital and reserves |
| Called up share capital | 11 |
| Share premium |
| Capital redemption reserve |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) |
| 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. |
| FLORENCE LODGE HEALTHCARE LTD (REGISTERED NUMBER: 05564580) |
| BALANCE SHEET - continued |
| 31 MARCH 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| FLORENCE LODGE HEALTHCARE LTD (REGISTERED NUMBER: 05564580) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2022 |
| 1. | Statutory information |
| Florence Lodge Healthcare Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05564580. The registered office and business address is Pullman Court, Copper Street, Dorchester DT1 1GA. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts receivable for providing care and residential services to the elderly. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of the business, has been fully amortised. |
| 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 |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Freehold property is stated at fair value with revaluations taking place with sufficient regularity to ensure a true and fair view. |
| Government grants |
| Using the accrual basis government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. |
| Grants which become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable. |
| Stocks |
| Stock and Work In Progress are valued at the lower of cost and net realisable value. |
| FLORENCE LODGE HEALTHCARE LTD (REGISTERED NUMBER: 05564580) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2022 |
| 2. | Accounting policies - continued |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
| 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. |
| Financial instruments |
| Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
| At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
| Group accounts |
| The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 April 2021 |
| and 31 March 2022 |
| Amortisation |
| At 1 April 2021 |
| and 31 March 2022 |
| Net book value |
| At 31 March 2022 |
| At 31 March 2021 |
| FLORENCE LODGE HEALTHCARE LTD (REGISTERED NUMBER: 05564580) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2022 |
| 5. | Tangible fixed assets |
| Fixtures |
| Freehold | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost or valuation |
| At 1 April 2021 |
| Additions |
| Revaluations |
| At 31 March 2022 |
| Depreciation |
| At 1 April 2021 |
| Charge for year |
| At 31 March 2022 |
| Net book value |
| At 31 March 2022 |
| At 31 March 2021 |
| Cost or valuation at 31 March 2022 is represented by: |
| Fixtures |
| Freehold | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 2010 | 54,734 | - | - | - | 54,734 |
| Valuation in 2016 | 116,947 | - | - | - | 116,947 |
| Valuation in 2019 | (265,000 | ) | - | - | - | (265,000 | ) |
| Valuation in 2021 | (20,726 | ) | - | - | - | (20,726 | ) |
| Valuation in 2022 | 272,804 | - | - | - | 272,804 |
| Cost | 1,241,241 | 212,885 | 137,110 | 1,068 | 1,592,304 |
| 1,400,000 | 212,885 | 137,110 | 1,068 | 1,751,063 |
| The property was valued by the directors in March 2022, they feel this valuation was appropriate as at the balance sheet date. |
| 6. | Debtors: amounts falling due within one year |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Sundry debtor | 20 | 13,623 |
| Prepayments |
| FLORENCE LODGE HEALTHCARE LTD (REGISTERED NUMBER: 05564580) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2022 |
| 7. | Creditors: amounts falling due within one year |
| 2022 | 2021 |
| £ | £ |
| Debentures |
| Bank loans and overdrafts |
| Other loans |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Pension | 2,121 | 1,539 |
| Wages and salaries control | 31,679 | 29,974 |
| Directors' current accounts | 1,315 | 1,315 |
| Accruals |
| 8. | Creditors: amounts falling due after more than one year |
| 2022 | 2021 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 years | - | 1,736 |
| 9. | Secured debts |
| Amounts owed to Guy Schwinge from this company or the parent company are secured against the freehold property, containing fixed charge, floating charge and negative pledge. |
| 10. | Provisions for liabilities |
| 2022 | 2021 |
| £ | £ |
| Deferred tax | 6,141 | 8,069 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2021 |
| Provided during year | ( |
) |
| Balance at 31 March 2022 |
| FLORENCE LODGE HEALTHCARE LTD (REGISTERED NUMBER: 05564580) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2022 |
| 11. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary A | 1p | 2,000 | 2,000 |
| Ordinary B | 1p | 3,000 | 3,000 |
| 5,000 | 5,000 |
| 12. | Ultimate controlling party |
| The company is a wholly owned subsidiary of Broadwindsor Healthcare Ltd, and is controlled by it's directors Ms Wilkins and Mr Glazer, by virtue of their shareholdings in the parent company. |