Broadwindsor Healthcare Ltd - Accounts to registrar (filleted) - small 23.2.5
Broadwindsor Healthcare Ltd - Accounts to registrar (filleted) - small 23.2.5
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
BROADWINDSOR HEALTHCARE LTD |
BROADWINDSOR HEALTHCARE LTD (REGISTERED NUMBER: 13072473) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 2 |
BROADWINDSOR HEALTHCARE LTD (REGISTERED NUMBER: 13072473) |
BALANCE SHEET |
31 MARCH 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 7 |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Share premium |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
BROADWINDSOR HEALTHCARE LTD (REGISTERED NUMBER: 13072473) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
1. | Statutory information |
Broadwindsor Healthcare Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13072473. The registered office and business address is Pullman Court, Copper Street, Dorchester, Dorset, DT1 1GA. |
The comparative figures are not entirely comparable as they cover the period since incorporation to 31 March 2022. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents income receivable from management fees charged to the subsidiary company. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. |
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
Group accounts |
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts. |
3. | Employees and directors |
The average number of employees during the year was |
BROADWINDSOR HEALTHCARE LTD (REGISTERED NUMBER: 13072473) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 April 2022 |
and 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
5. | Debtors |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Other loans |
Trade creditors |
Accruals and deferred income |
7. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Other loans - 1-2 years |
BROADWINDSOR HEALTHCARE LTD (REGISTERED NUMBER: 13072473) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
8. | Secured debts |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Other loans |
At the Balance sheet date, amounts owed to Mr Guy John Schwinge, were secured against all of the shares and share capital of Florence Lodge Healthcare Ltd, the wholly owned subsidiary of Broadwindsor Healthcare Ltd, containing fixed charge and negative pledge, dated 4 May 2021. |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary A | £1 | 700 | 700 |
Ordinary B | £1 | 70 | 70 |
770 | 770 |
10. | Post balance sheet events |
On 13 May 2023 the charges registered in favour of Mr Guy Schwinge were satisfied and all amounts owing repaid to Mr Schwinge. |
On 12 May 2023 Florence Lodge Healthcare Ltd, the wholly owned subsidiary of Broadwindsor Healthcare Ltd, mortgaged Broadwindsor House with Unity Trust Bank Plc and a charge over the freehold property including a negative pledge, and a fixed and floating charge over the property and undertaking of the company were created on the same date. |
A fixed and floating charge and a negative pledge was also created over all the property and undertaking of Broadwindsor Healthcare Ltd as the parent company. |
11. | Ultimate controlling party |
The company is deemed to be controlled by the directors, Ms V. Wilkins and Mr J Glazer, by virtue of their holdings in the voting share capital of the company, being 50% and 30% respectively. |