The Avenue Care Home Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07014216 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE AVENUE CARE HOME LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Manji

Mrs N K Manji

REGISTERED OFFICE:

22 William Street

Burton Latimer

Kettering

Northamptonshire

NN15 5LN

REGISTERED NUMBER:

07014216 (England and Wales)

ACCOUNTANTS:

Fortus Midlands Limited

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,165

21,612

12,165

21,612

CURRENT ASSETS

Debtors

6

5,863

-

Cash at bank

632,084

422,404

637,947

422,404

CREDITORS

Amounts falling due within one year

7

136,831

105,679

NET CURRENT ASSETS

501,116

316,725

TOTAL ASSETS LESS CURRENT LIABILITIES

513,281

338,337

PROVISIONS FOR LIABILITIES

2,004

3,731

NET ASSETS

511,277

334,606

CAPITAL AND RESERVES

Called up share capital

8

130,100

130,100

Retained earnings

9

381,177

204,506

SHAREHOLDERS' FUNDS

511,277

334,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2023 and were signed on its behalf by:

N Manji - Director

1.	STATUTORY INFORMATION

The Avenue Care Home 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

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.

Property rights are being amortised evenly over their estimated useful life of ten years.

Property rights

Property rights which were established in 2009 are being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

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.

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.

Trust

The trust that was created for beneficiaries including employees of the Company and their dependants was officially closed on 30 May 2023.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Property

rights

£

COST

At 1 April 2022

and 31 March 2023

80,000

AMORTISATION

At 1 April 2022

and 31 March 2023

80,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2022

72,945

Additions

399

Disposals

(40,740

)

At 31 March 2023

32,604

DEPRECIATION

At 1 April 2022

51,333

Charge for year

3,000

Eliminated on disposal

(33,894

)

At 31 March 2023

20,439

NET BOOK VALUE

At 31 March 2023

12,165

At 31 March 2022

21,612

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Prepayments

5,863

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

13,025

7,174

Corporation tax

78,855

89,383

Social security and other taxes

4,148

3,549

Other creditors

1,176

2,670

Directors' current accounts

27,528

1,090

Accrued expenses

12,099

1,813

136,831

105,679

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

130,100

Ordinary

£1

130,100

130,100

9.

RESERVES

Retained

earnings

£

At 1 April 2022

204,506

Profit for the year

308,671

Dividends

(132,000

)

At 31 March 2023

381,177