REGISTERED NUMBER:
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DELVES RETIREMENT HOMES LIMITED |
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2022 |
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REGISTERED NUMBER:
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DELVES RETIREMENT HOMES LIMITED |
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2022 |
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DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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DELVES RETIREMENT HOMES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2022 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
and Statutory Auditors |
2 St Andrews Place |
Lewes |
East Sussex |
BN7 1UP |
DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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BALANCE SHEET |
31ST MARCH 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Fair value reserve | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2022 |
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1. | STATUTORY INFORMATION |
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Delves Retirement Homes Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover comprises the value of management charges. |
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Tangible fixed assets and depreciation |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Improvements to property - over the period of the lease |
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Investment property |
Investment property is shown at valuation. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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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. |
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Going concern and covid-19 |
The director has considered the company's financial position for the twelve months from the date of signing the financial statements including any factors in relation to COVID-19 and conclude that there are no material uncertainties in relation to going concern. |
DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2022 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Improvements |
to |
property |
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COST |
At 1st April 2021 |
and 31st March 2022 |
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DEPRECIATION |
At 1st April 2021 |
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Charge for year |
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At 31st March 2022 |
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NET BOOK VALUE |
At 31st March 2022 |
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At 31st March 2021 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st April 2021 |
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Revaluations | 7,295 |
At 31st March 2022 |
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NET BOOK VALUE |
At 31st March 2022 |
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At 31st March 2021 |
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Fair value at 31st March 2022 is represented by: |
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Valuation in 1994 | 50,000 |
Valuation in 2015 | 192,900 |
Valuation in 2016 | 10,950 |
Valuation in 2017 | 18,850 |
Valuation in 2018 | 58,229 |
Valuation in 2019 | 9,898 |
Valuation in 2020 | 10,390 |
Valuation in 2021 | 10,911 |
Valuation in 2022 | 7,295 |
369,423 |
DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2022 |
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5. | INVESTMENT PROPERTY - continued |
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Investment property was valued on an open market basis on 31st March 2022 by the director . |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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8. | PROVISIONS FOR LIABILITIES |
2022 | 2021 |
£ | £ |
Deferred tax |
Other timing differences | 70,190 | 68,804 |
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Deferred |
tax |
£ |
Balance at 1st April 2021 |
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Provided during year |
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Balance at 31st March 2022 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary | 5p | 2 | 2 |
DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2022 |
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10. | RESERVES |
Fair |
value |
reserve |
£ |
At 1st April 2021 |
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Reserve transfer | 5,909 |
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At 31st March 2022 |
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11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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12. | ULTIMATE CONTROLLING PARTY |
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The controlling party is John Christie Limited and its registered office is Glyndebourne Estate Office, Glyndebourne, Lewes, East Sussex, BN8 5UU. As the group is small the exemptions from the requirement to prepare consolidated financial statements have been taken and no consolidated financial statements have been prepared by John Christie Limited. |
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13. | LEASES |
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The leases granted by the company run for 125 years from 24th June 1986. |