Claremont Lodge Care Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06648221 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

FOR

CLAREMONT LODGE CARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Ramjuttun

S Ramjuttun

REGISTERED OFFICE:

44 Ajax Drive

Sunnybank

Bury

BL9 8EF

REGISTERED NUMBER:

06648221 (England and Wales)

ACCOUNTANTS:

Kay Johnson Gee Limited

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Intangible assets

4

88,440

101,840

Tangible assets

5

287,364

298,208

375,804

400,048

CURRENT ASSETS

Stocks

500

500

Debtors

6

248,089

341,951

Cash at bank and in hand

107,026

87,269

355,615

429,720

CREDITORS

Amounts falling due within one year

7

(328,732

)

(417,616

)

NET CURRENT ASSETS

26,883

12,104

TOTAL ASSETS LESS CURRENT LIABILITIES

402,687

412,152

CREDITORS

Amounts falling due after more than one year

8

(352,247

)

(335,871

)

PROVISIONS FOR LIABILITIES

(12,400

)

(17,903

)

NET ASSETS

38,040

58,378

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

37,940

58,278

SHAREHOLDERS' FUNDS

38,040

58,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th December 2021 and were signed on its behalf by:

D Ramjuttun - Director

1.	STATUTORY INFORMATION

Claremont Lodge Care Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06648221 and their registered office is 44 Ajax Drive, Sunnybank, Bury, BL9 8EF. Their principle place of business is 66 Claremont Rd, Salford M6 7GP.

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.

Turnover is generated from the provision of residential care services provided in the normal course of business.

Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life of 20 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

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their

estimated useful lives, using the following methods:

Freehold property

-

2% on cost

Improvements to property

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of

the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

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 (2020 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2020

and 31st March 2021

268,000

AMORTISATION

At 1st April 2020

166,160

Charge for year

13,400

At 31st March 2021

179,560

NET BOOK VALUE

At 31st March 2021

88,440

At 31st March 2020

101,840

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

COST

At 1st April 2020

and 31st March 2021

360,099

19,744

60,434

440,277

DEPRECIATION

At 1st April 2020

86,163

6,645

49,261

142,069

Charge for year

7,202

1,965

1,677

10,844

At 31st March 2021

93,365

8,610

50,938

152,913

NET BOOK VALUE

At 31st March 2021

266,734

11,134

9,496

287,364

At 31st March 2020

273,936

13,099

11,173

298,208

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

9,800

9,500

Other debtors

238,289

332,451

248,089

341,951

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

31,335

22,047

Taxation and social security

507

963

Other creditors

296,890

394,606

328,732

417,616

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

352,247

335,871

.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

383,582

357,918

The bank loan is secured by a debenture dated 3 October 2008 and a legal charge dated 24 October 2008.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

50

Ordinary A

£1.00

50

50

50

Ordinary B

£1.00

50

50

100

100

11.	RELATED PARTY DISCLOSURES

At the year end the following balances are shown in the accounts:

Other debtors

Littleborough Care Home Limited £223,261 (2020 - £317,437).

Passmonds House Care Limited £15,026 (2020 - £15,013).

Other creditors

Denehurst Care Limited £307,858 (2020 - £293,438).

The above balances relate to interest free loan accounts. The above companies are controlled by D Ramjuttun and S Ramjuttun who are the company directors and majority shareholders.