Prideaux Lodge Care Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09098863 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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

63,983

51,738

CURRENT ASSETS

Debtors

4

643,320

704,730

Cash at bank

174,030

96,875

817,350

801,605

CREDITORS

Amounts falling due within one year

5

72,665

56,351

NET CURRENT ASSETS

744,685

745,254

TOTAL ASSETS LESS CURRENT LIABILITIES

808,668

796,992

CREDITORS

Amounts falling due after more than one year

6

22,500

32,500

NET ASSETS

786,168

764,492

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

8

785,168

763,492

SHAREHOLDERS' FUNDS

786,168

764,492

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 18 March 2024 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 29 (2022 - 26 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 September 2022

62,027

25,929

87,956

Additions

28,902

-

28,902

At 31 August 2023

90,929

25,929

116,858

DEPRECIATION

At 1 September 2022

31,370

4,848

36,218

Charge for year

11,387

5,270

16,657

At 31 August 2023

42,757

10,118

52,875

NET BOOK VALUE

At 31 August 2023

48,172

15,811

63,983

At 31 August 2022

30,657

21,081

51,738

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

-

162

Amounts owed by group undertakings

637,573

698,070

Other debtors

(250

)

1,750

Prepayments

5,997

4,748

643,320

704,730

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

1,690

2,099

Tax

42,635

29,742

Social security and other taxes

10,456

7,535

Other creditors

1,532

-

Accruals and deferred income

3,156

3,064

Accrued expenses

3,196

3,911

72,665

56,351

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans - 1-2 years

20,000

20,000

BBLS

2,500

12,500

22,500

32,500

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.

RESERVES

Retained

earnings

£

At 1 September 2022

763,492

Profit for the year

171,676

Dividends

(150,000

)

At 31 August 2023

785,168

9.	RELATED PARTY DISCLOSURES

The following balance existed at the year end

2023

2022

Amounts owed by parent company

Prideaux House Care (Holdings) Limited

528,223

563,720

Amounts owed by associated companies

Prideaux Manor Care Limited

109,350

134,350

During the year, service charges of £27,000 (2022 £27,000 ) were charged to Prideaux Lodge Care Limited from Prideaux House (Holdings) Ltd.

During the year, dividends of £150,000 were voted to Prideaux House (Holdings) Ltd.

10.	ULTIMATE CONTROLLING PARTY

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