REGENCY OLDHOMES LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Morris Lane

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have adopted the going concern basis in preparing these financial statements assessing the principal risks applicable to the company. These include rising inflation, staff shortages as a result of Brexit, the 9.8% increase in the National Living Wage for employees over the age of 21, the increase in National Insurance costs, the cost of living crisis and higher insurance premiums. They are satisfied that the company, with the support of other group companies, can meet its liabilities as they fall due, being a period of not less than 12 months from the date of approval of these financial statements, and to be well placed to manage its financing and business risks satisfactorily. Overall, the directors do not consider there to be a cause for material uncertainty regarding the company's going concern status as at the date of signing these financial statements.”

Significant events

• “The 24-bed extension at Herons Park Nursing Home in Kidderminster was completed in September 2011.”
• “An accreditation audit was carried out in the first half of 2012 by Stirling University Dementia Service Development Centre and Herons Park was awarded the Gold Standard Award for Design.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -7.6%

  £3,256,175 → £3,009,436

• Cash

  +13.3%

  £18,319 → £20,758

• Net assets

  -9.6%

  £6,105,540 → £5,518,284

• Employees

  -8.9%

  90 → 82

• Operating profit

  -50.1%

  £512,386 → £255,547

• Profit before tax

  -48.6%

  £508,762 → £261,552

• Wages

  -1.6%

  £1,635,205 → £1,608,459

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers