Boscombe Care Homes Limited - Accounts to registrar (filleted) - small 22.3
Boscombe Care Homes Limited - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 August 2022 |
| for |
| Boscombe Care Homes Limited |
| Boscombe Care Homes Limited (Registered number: 04737755) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2022 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Boscombe Care Homes Limited |
| Company Information |
| for the Year Ended 31 August 2022 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Certified Accountants |
| Registered Auditors |
| 962 Eastern Avenue |
| Newbury Park |
| Ilford |
| Essex |
| IG2 7JD |
| BANKERS: |
| Southend-On-Sea |
| Lecicestershire |
| Leicestershire |
| LE87 2BB |
| Boscombe Care Homes Limited (Registered number: 04737755) |
| Statement of Financial Position |
| 31 August 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 |
| Boscombe Care Homes Limited (Registered number: 04737755) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2022 |
| 1. | STATUTORY INFORMATION |
| Boscombe Care Homes Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company is a member of a small group, where the parent of the group prepares publicly available |
| consolidated financial statements, including this company. |
| The financial statements of the company are consolidated in the financial statements of Springfield Holdings Limited. These consolidated financial statements are available from its registered office address; 20 Lodwick Shoeburyness, Essex, SS3 9HW. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue is recognised when the principal contractual obligation is fulfilled, that is typically when a service user has received care services, which are usually provided on a daily basis. |
| Goodwill |
| 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 |
| Fixtures and fittings | - |
| A full year's depreciation is charged in the year an asset is purchased, and no depreciation is charged in the year of its disposal. |
| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the income statement. |
| Boscombe Care Homes Limited (Registered number: 04737755) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
| Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. |
| All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss. |
| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. |
| All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. |
| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| 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 |
| Boscombe Care Homes Limited (Registered number: 04737755) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2022 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 September 2021 |
| and 31 August 2022 |
| AMORTISATION |
| At 1 September 2021 |
| Charge for year |
| At 31 August 2022 |
| NET BOOK VALUE |
| At 31 August 2022 |
| At 31 August 2021 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 September 2021 |
| and 31 August 2022 |
| DEPRECIATION |
| At 1 September 2021 |
| Charge for year |
| At 31 August 2022 |
| NET BOOK VALUE |
| At 31 August 2022 |
| At 31 August 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Boscombe Care Homes Limited (Registered number: 04737755) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2022 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Payments on account |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes |
| Other creditors |
| Wages and salaries control | 39,264 | 37,568 |
| Accrued expenses |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary | 1 | 100 | 100 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 September 2021 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 August 2022 | ( |
) |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | GOING CONCERN |
| The director believes that the group is well placed to manage its business risks successfully and has adequate resources to continue in operational existence for the foreseeable future. |
| The UK including the Care Sector are recovering from the Covid-19 pandemic slowly but surely. The director has reviewed and stress tested projections and budgets for the next twelve months. Following this review, the director considers there to be little impact on the group's ability to act as a going concern. The group is expected to remain profitable and cash generative in the foreseeable future. |
| No material uncertainties that may cast significant doubt about the ability of the group to continue as a going concern have been identified by the director. Therefore, the financial statements have been prepared on a going concern basis. |