Janes Care Homes Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04825383 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Janes Care Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M K F Janes

Mrs K N Janes

Mr K W Janes

SECRETARY:

Mrs L M Janes

REGISTERED OFFICE:

19-21 Manor Road

Caddington

Bedfordshire

LU1 4EE

REGISTERED NUMBER:

04825383 (England and Wales)

ACCOUNTANTS:

Astons Accountants

Chartered Certified Accountants

19-21 Manor Road

Caddington

Bedfordshire

LU1 4EE

FIXED ASSETS

Intangible assets

4

57,000

73,104

Tangible assets

5

100,805

79,840

157,805

152,944

CURRENT ASSETS

Debtors

6

474,959

387,215

Cash at bank and in hand

13,350

3,818

488,309

391,033

CREDITORS

Amounts falling due within one year

7

67,859

75,385

NET CURRENT ASSETS

420,450

315,648

TOTAL ASSETS LESS CURRENT LIABILITIES

578,255

468,592

CREDITORS

Amounts falling due after more than one year

8

(1,606

)

(8,031

)

PROVISIONS FOR LIABILITIES

10

(11,401

)

(13,099

)

NET ASSETS

565,248

447,462

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

564,248

446,462

565,248

447,462

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 28 March 2024 and were signed on its behalf by:

Mr M K F Janes - Director

1.	STATUTORY INFORMATION

Janes 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 the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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.

Fixtures and Fittings - 25% on reducing balance

Motor Vehicles - 25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 50 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

332,050

AMORTISATION

At 1 April 2022

258,946

Amortisation for year

16,104

At 31 March 2023

275,050

NET BOOK VALUE

At 31 March 2023

57,000

At 31 March 2022

73,104

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2022

370,912

38,760

409,672

Additions

54,568

-

54,568

At 31 March 2023

425,480

38,760

464,240

DEPRECIATION

At 1 April 2022

312,874

16,958

329,832

Charge for year

28,152

5,451

33,603

At 31 March 2023

341,026

22,409

363,435

NET BOOK VALUE

At 31 March 2023

84,454

16,351

100,805

At 31 March 2022

58,038

21,802

79,840

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

15,679

21,768

Amounts owed by associates

446,500

352,950

Other debtors

4,283

6,471

Prepayments

8,497

6,026

474,959

387,215

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts (see note 9)

-

2,420

Hire purchase contracts

6,425

6,425

Trade creditors

5,513

2,613

Amounts owed to associates

24,209

11,397

Tax

21,468

5,804

Social security and other taxes

2,744

13,124

Accrued expenses

7,500

33,602

67,859

75,385

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

1,606

8,031

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.23

31.3.22

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

2,420

10.	PROVISIONS FOR LIABILITIES

31.3.23

31.3.22

£

£

Deferred tax

11,401

13,099

Deferred

tax

£

Balance at 1 April 2022

13,099

Provided during year

(1,698

)

Balance at 31 March 2023

11,401

11.	RELATED PARTY DISCLOSURES

The directors and shareholders are also directors and shareholders of Friars Lodge Limited, Brookfield Care Home Limited and The Janes Partnership.

During the year Janes Care Home Limited received £7,888 from Friars Lodge Limited. At the year end Friars Lodge Limited owed Janes Care Home Limited £39,285 (2022: £47,173).

During the year Janes Care Home Limited paid £101,437 to The Janes Partnership. At the year end The Janes Partnership owed Janes Care Home Limited £320,528 (2022: £219,091).

During the year Brookfield Care Home Limited paid £12,812 of expenses for Janes Care Home Limited. At the year end Janes Care Home Limited owed Brookfield Care Home Limited £24,209 (2022: £11,397).