CC Care Home Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06790302 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

CC CARE HOME LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,612,318

1,645,841

Investments

6

18

18

1,612,336

1,645,859

CURRENT ASSETS

Debtors

7

72,965

150,099

Cash at bank and in hand

227,548

180,047

300,513

330,146

CREDITORS

Amounts falling due within one year

8

322,527

290,703

NET CURRENT (LIABILITIES)/ASSETS

(22,014

)

39,443

TOTAL ASSETS LESS CURRENT LIABILITIES

1,590,322

1,685,302

CREDITORS

Amounts falling due after more than one year

9

(1,114,903

)

(1,225,386

)

PROVISIONS FOR LIABILITIES

(35,379

)

(37,670

)

NET ASSETS

440,040

422,246

CAPITAL AND RESERVES

Called up share capital

12

10,000

10,000

Retained earnings

430,040

412,246

SHAREHOLDERS' FUNDS

440,040

422,246

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 June 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 March 2023 and were signed on its behalf by:

L H J M De Bruijn - Director

1.	STATUTORY INFORMATION

CC Care Home Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06790302

Registered office:

368 Forest Road

London

E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 28 (2021 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2021

and 30 June 2022

672,029

AMORTISATION

At 1 July 2021

and 30 June 2022

672,029

NET BOOK VALUE

At 30 June 2022

-

At 30 June 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 July 2021

1,397,614

592,811

36,033

2,026,458

Additions

-

-

4,366

4,366

At 30 June 2022

1,397,614

592,811

40,399

2,030,824

DEPRECIATION

At 1 July 2021

-

370,851

9,766

380,617

Charge for year

-

33,294

4,595

37,889

At 30 June 2022

-

404,145

14,361

418,506

NET BOOK VALUE

At 30 June 2022

1,397,614

188,666

26,038

1,612,318

At 30 June 2021

1,397,614

221,960

26,267

1,645,841

Included in the cost attributed to the Freehold property are the qualifying Plant and Machinery of £103,298 professionally valued in accordance with the Capital Allowances Act 2001.

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 July 2021

and 30 June 2022

18

NET BOOK VALUE

At 30 June 2022

18

At 30 June 2021

18

The Company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Associated company

CC The Laurels Ltd

Registered office: Gothic House, Barker Gate, Nottingham, United Kingdom, NG1 1JU

Nature of business: Residential care home

%

Class of shares:

holding

'E' Ordinary

17.50

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

13,069

15,314

Amounts owed by connected undertakings

58,474

134,599

Other debtors

1,422

186

72,965

150,099

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts (see note 10)

148,200

130,920

Trade creditors

13,919

31,146

Amounts owed to connected undertakings

16,396

16,396

Taxation and social security

133,495

103,673

Other creditors

10,517

8,568

322,527

290,703

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans (see note 10)

1,114,903

1,225,386

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

537,889

708,037

10.

LOANS

An analysis of the maturity of loans is given below:

2022

2021

£

£

Amounts falling due within one year or on demand:

Bank loans

148,200

130,920

Amounts falling due between one and two years:

Bank loans - 1-2 years

148,200

130,920

Amounts falling due between two and five years:

Bank loans - 2-5 years

428,814

386,429

Amounts falling due in more than five years:

2022

2021

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

537,889

708,037

11.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

1,263,103

1,356,306

The bank loans are secured by the Company.

The first loan bears interest at 2.56% per annum over Bank Base Rate and is repayable over the period until 2033.

The second loan bears interest at 2.56% per annum over Bank Base Rate and is repayable over the period until 2034.

The directors consider that the carrying amounts of the bank loans approximate to their fair value.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1,000,000

Ordinary

1p

10,000

10,000

13.	RELATED PARTY DISCLOSURES

2022

2021

Amounts owed by/(to) CC Whitelodge Limited (Connected Undertaking)

(7,040

)

(7,040

)

Amounts owed by/(to) CC Croft Manor Limited (Connected Undertaking)

(9,356

)

(9,356

)

Amounts owed by/(to) CC The Laurels Limited (Connected Undertaking)

58,474

134,599

Amounts owed by/(to) CC Care Holding Limited (Group Undertaking)

-

-

Amounts owed by/(to) CC Little Brook House Limited (Group Undertaking)

-

-

Amounts written off amounts owed by Group Undertakings

772

35,179

Connected Undertakings

A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.