Broadwindsor Healthcare Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 13072473 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 DECEMBER 2020 TO 31 MARCH 2022

FOR

BROADWINDSOR HEALTHCARE LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Investments

4

5,000

Current assets

Debtors

5

1,234,020

Cash at bank and in hand

78

1,234,098

Creditors

Amounts falling due within one year

6

14,881

Net current assets

1,219,217

Total assets less current liabilities

1,224,217

Creditors

Amounts falling due after more than one year

7

900,000

Net assets

324,217

Capital and reserves

Called up share capital

9

770

Share premium

327,650

Retained earnings

(4,203

)

Shareholders' funds

324,217

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2022 and were signed on its behalf by:

Ms V Wilkins - Director

1.	Statutory information

Broadwindsor Healthcare Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13072473. The registered office and business address is Pullman Court, Copper Street, Dorchester, Dorset, DT1 1GA.

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 represents income receivable from management fees charged to the subsidiary company.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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 subsidiary 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 period was 2 .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

Additions

5,000

At 31 March 2022

5,000

Net book value

At 31 March 2022

5,000

5.

Debtors

£

Amounts falling due within one year:

Amounts owed by group undertakings

1,190,910

Amounts falling due after more than one year:

Other debtors

43,110

Aggregate amounts

1,234,020

6.

Creditors: amounts falling due within one year

£

Bank loans and overdrafts

12,000

Accruals and deferred income

2,881

14,881

7.

Creditors: amounts falling due after more than one year

£

Other loans - 1-2 years

900,000

8.	Secured debts

The following secured debts are included within creditors:

£

Other loans

900,000

Amounts owed to Mr Guy John Schwinge, are secured against all of the shares and share capital of Florence Lodge Healthcare Ltd, its wholly owned subsidiary, containing fixed charge and negative pledge, dated 4 May 2021.

Amounts owed to Mr Guy John Schwinge are also secured against the freehold property known as Broadwindsor House (owned by its wholly owned subsidiary), containing fixed charge, floating charge covering all property or undertaking of the property and negative pledge, dated 4 May 2021.

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

700

Ordinary A

£1

700

70

Ordinary B

£1

70

770

The following shares were issued during the period and fully paid for cash at par:

350 Ordinary A shares of £1

70 Ordinary B shares of £1

The following shares were issued during the period and fully paid at a premium of £936.14 per share:

350 Ordinary A shares of £1

10.	Ultimate controlling party

The company is controlled by the directors, Ms V. Wilkins and Mr J Glazer.