Prideaux Lodge Care Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09098863 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

FOR

PRIDEAUX LODGE CARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Dadabhoy

REGISTERED OFFICE:

2 Upperton Gardens

Eastbourne

East Sussex

BN21 2AH

REGISTERED NUMBER:

09098863 (England and Wales)

ACCOUNTANTS:

x5 Xeinadin Group

2 Upperton Gardens

Eastbourne

East Sussex

BN21 2AH

FIXED ASSETS

Tangible assets

3

51,738

22,949

CURRENT ASSETS

Debtors

4

704,730

578,880

Cash at bank

96,875

143,086

801,605

721,966

CREDITORS

Amounts falling due within one year

5

56,351

65,082

NET CURRENT ASSETS

745,254

656,884

TOTAL ASSETS LESS CURRENT LIABILITIES

796,992

679,833

CREDITORS

Amounts falling due after more than one year

6

32,500

50,000

NET ASSETS

764,492

629,833

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

763,492

628,833

SHAREHOLDERS' FUNDS

764,492

629,833

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

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

The director acknowledges his 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 director and authorised for issue on 24 February 2023 and were signed by:

G Dadabhoy - Director

1.	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 gross receipts for services rendered.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2021 - 28 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 September 2021

47,218

-

47,218

Additions

14,809

25,929

40,738

At 31 August 2022

62,027

25,929

87,956

DEPRECIATION

At 1 September 2021

24,269

-

24,269

Charge for year

7,101

4,848

11,949

At 31 August 2022

31,370

4,848

36,218

NET BOOK VALUE

At 31 August 2022

30,657

21,081

51,738

At 31 August 2021

22,949

-

22,949

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

162

6,126

Amounts owed by group undertakings

698,070

569,176

Other debtors

1,750

-

Prepayments

4,748

3,578

704,730

578,880

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

-

Trade creditors

2,099

1,988

Tax

29,742

13,657

Social security and other taxes

7,535

8,942

Accruals and deferred income

3,064

38,113

Accrued expenses

3,911

2,382

56,351

65,082

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

20,000

-

BBLS

12,500

50,000

32,500

50,000

7.	RELATED PARTY DISCLOSURES

The following balance existed at the year end

2022

2021

Amounts owed by parent company

Prideaux House Care (Holdings) Limited

563,719

£532,826

Amounts owed to associated companies

Prideaux Manor Care Limited

134,350

36,350

During the year, service charges of £27,000 (2021 £30,695 ) were charged to Prideaux Lodge Care Limited from Prideaux House (Holdings) Ltd.

During the year, dividends of £50,000 were voted to Prideaux House (Holdings) Ltd.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Prideaux House Care (Holdings) Limited which holds 100% of the share capital.