Brookvale Care Homes Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08853926 (England and Wales)

Abridged Financial Statements For The Year Ended 31 August 2022

for

Brookvale Care Homes Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Asaria

S Visram

Mrs Y Somji

SECRETARY:

Mrs Y Somji

REGISTERED OFFICE:

10 West Links

Tollgate

Chandlers Ford

Hampshire

SO53 3TG

REGISTERED NUMBER:

08853926 (England and Wales)

AUDITORS:

Citi Partners Consultants LLP

Chartered Accountants & Statutory Auditors

First Floor

1-6 City Buildings

Commercial Road

Portsmouth

Hampshire

PO1 4BD

FIXED ASSETS

Intangible assets

4

153,459

216,959

Tangible assets

5

1,150,302

1,157,345

1,303,761

1,374,304

CURRENT ASSETS

Stocks

1,167

1,167

Debtors

47,987

95,949

Cash at bank and in hand

395,241

171,657

444,395

268,773

CREDITORS

Amounts falling due within one year

(1,186,184

)

(1,154,184

)

NET CURRENT LIABILITIES

(741,789

)

(885,411

)

TOTAL ASSETS LESS CURRENT LIABILITIES

561,972

488,893

CREDITORS

Amounts falling due after more than one year

6

(237,771

)

(292,465

)

PROVISIONS FOR LIABILITIES

(16,363

)

(14,950

)

NET ASSETS

307,838

181,478

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

307,837

181,477

SHAREHOLDERS' FUNDS

307,838

181,478

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2023 and were signed on its behalf by:

S Visram - Director

1.	STATUTORY INFORMATION

Brookvale Care Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 considerations received, and is recognised in accordance with the period of the provision of care services to which it relates.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

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 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2021

and 31 August 2022

635,001

AMORTISATION

At 1 September 2021

418,042

Amortisation for year

63,500

At 31 August 2022

481,542

NET BOOK VALUE

At 31 August 2022

153,459

At 31 August 2021

216,959

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2021

1,306,475

Additions

26,299

At 31 August 2022

1,332,774

DEPRECIATION

At 1 September 2021

149,130

Charge for year

33,342

At 31 August 2022

182,472

NET BOOK VALUE

At 31 August 2022

1,150,302

At 31 August 2021

1,157,345

Included in cost of land and buildings is freehold land of £ 450,000 (2021 - £ 450,000 ) which is not depreciated.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.8.22

31.8.21

£

£

Repayable by instalments

Bank loans more 5 yr by instal

25,771

135,712

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sibtain M Versi (Senior Statutory Auditor)

for and on behalf of Citi Partners Consultants LLP

8.	RELATED PARTY DISCLOSURES

At 31st August 2022 the company owed its parent company, Farehamcourt Limited, £1,000,978 (2021: £1,000,978).

The directors of Farehamcourt Limited have confirmed that it will continue to support Brookvale Care Homes Limited as necessary.

9.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.