Registration number:
Roseberry Care Centres (Yorkshire) Limited
Filleted
for the Year Ended 31 December 2022
Roseberry Care Centres (Yorkshire) Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Roseberry Care Centres (Yorkshire) Limited
Company Information
Directors |
Mrs J D Thomas Mr L Baten Mr P A Cott Mr R S Vanderschrick |
Registered office |
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Solicitors |
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Bankers |
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Auditor |
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Roseberry Care Centres (Yorkshire) Limited
(Registration number: 08348099)
Statement of Financial Position as at 31 December 2022
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2021 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.
Approved and authorised for issue by the
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Roseberry Care Centres (Yorkshire) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
These financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
The Directors have reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. The Directors therefore believe it is appropriate to prepare the financial statements on a going concern basis.
At 31 December 2022 the company reported net current assets of £16,495 and net assets of £142,957.
2022 saw a significant reduction in Covid-19 infections amongst residents and staff which has continued into 2023. Life in our homes has returned to a more usual feel. The biggest issue faced by the company during the reporting period was the availability of nursing and care staff, partly caused by the exodus of overseas employees following Brexit. This has resulted in a higher reliance on agency staff which has increased our staffing costs. This challenge continued into 2023 but since the acquisition by AcalisCare, measures introduced by the new owners have led to a significant reduction in agency costs and as a result the trading performance of the company has greatly improved.
Based on the above indications the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. Forecasts for the next 12 months have been prepared which assume a certain level of occupancy and taking into account reasonable possible changes in trading performance, the company is expected to have sufficient level of financial resource available through the next 12 months. Therefore after making enquiries, the directors have a reasonable expectation that the company has adequate financial resources to continue in operational existence for the foreseeable future. Accordingly, they continue to prepare the financial statements on a going concern basis.
Roseberry Care Centres (Yorkshire) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
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Accounting policies (continued) |
Revenue recognition
Revenue from providing nursing and care services is measured by reference to period of occupancy.
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
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Leasehold Property improvements |
4 years straight line |
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Plant and Machinery |
5 years straight line |
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Fixtures and Fittings |
5 years straight line |
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Office Equipment |
5 years straight line |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks, consisting of consumables and cleaning supplies, are recorded at cost.
Roseberry Care Centres (Yorkshire) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
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Accounting policies (continued) |
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Auditors' remuneration |
2022 |
2021 |
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Audit of the financial statements |
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Roseberry Care Centres (Yorkshire) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
Tangible assets |
Improvements to leasehold property |
Fixtures and fittings |
Plant and machinery |
Office equipment |
Total |
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Cost or valuation |
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At 1 January 2022 |
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Additions |
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At 31 December 2022 |
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Depreciation |
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At 1 January 2022 |
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Charge for the year |
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At 31 December 2022 |
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Carrying amount |
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At 31 December 2022 |
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At 31 December 2021 |
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Stocks |
2022 |
2021 |
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Consumables |
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Debtors |
2022 |
2021 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Roseberry Care Centres (Yorkshire) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Corporation tax liability |
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896 |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the statement of financial position
The total amount of financial commitments not included in the statement of financial position is £
Related party transactions |
The company has taken advantage of the disclosure exemption contained in section 33.1A of FRS 102 not to disclose details of transactions and balances with wholly owned members of the same group.
Parent and ultimate parent undertaking |
The company's immediate parent is
To 4 May 2023, the ultimate parent was
The most senior parent entity producing publicly available financial statements is
Roseberry Care Centres (Yorkshire) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
Off-balance sheet arrangements |
Landlord guarantee
The company's landlord has a fixed and floating charge over the property and assets and all undertakings of the company.
Audit report |
The name of the Senior Statutory Auditor who signed the audit report on
Azets Audit Services is a trading name of Azets Audit Services Limited