Networking Care Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05101382 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2017 TO 30 JUNE 2018

FOR

NETWORKING CARE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S B Jalil

Mrs R Kousar

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

BUSINESS ADDRESS:

Kingston House

432-452 High Street

West Bromwich

West Midlands

B70 9LD

REGISTERED NUMBER:

05101382 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

Chartered Accountants

Statutory Auditors

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Investments

4

500,000

500,000

CURRENT ASSETS

Debtors

5

2,400,001

2,730,196

CREDITORS

Amounts falling due within one year

6

-

584,443

NET CURRENT ASSETS

2,400,001

2,145,753

TOTAL ASSETS LESS CURRENT LIABILITIES

2,900,001

2,645,753

CAPITAL AND RESERVES

Called up share capital

7

2,900,001

2,900,001

Retained earnings

-

(254,248

)

SHAREHOLDERS' FUNDS

2,900,001

2,645,753

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 27 March 2019 and were signed on its behalf by:

Mrs S B Jalil - Director

1.	STATUTORY INFORMATION

Networking Care Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Networking Care Properties Limited as an

individual company and do not contain consolidated financial information as the parent of a group. The

company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare

consolidated financial statements as it and its subsidiary undertaking are included by full consolidation

in the consolidated financial statements of its parent, Rehability Group Limited, 1110 Elliott Court

Coventry Business Park, Herald Avenue, Coventry, West Midlands, United Kingdom, CV5 6UB.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

These financial statements do not contain any significant judgements or estimates.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation

that the company has adequate resource to continue in operational existence for the foreseeable

future. The company therefore continues to adopt the going concern basis in preparing its financial

statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2017 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

and 30 June 2018

500,000

NET BOOK VALUE

At 30 June 2018

500,000

At 31 March 2017

500,000

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Atlas Healthcare (South West) Limited

Registered office: 1110 Elliott Court, Coventry Business Park, Coventry, England, CV5 6UB

Nature of business: The operation of care homes.

%

Class of shares:

holding

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

Subsidiary undertakings

2018

2017

Atlas Healthcare (South West) Limited

England & Wales

Ordinary

100%

100%

The principal activity of Atlas Healthcare (South West) Limited is the provision of care.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

2,400,001

2,723,625

Deferred tax asset

-

6,571

2,400,001

2,730,196

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed to group undertakings

-

583,200

Accrued expenses

-

1,243

-

584,443

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2,900,001

Ordinary

£1

2,900,001

2,900,001

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford ACA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

9.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Assisted Living South West Group Limited.

Until 19 January 2018 the ultimate controlling party was Sovereign Capital Partners LLP.

Until 19 January 2018 the ultimate parent company was Assisted Living South West Holdings Limited,

also incorporated in England and Wales.

On this date 100% of the share capital of Assisted Living South West Holdings Limited was acquired

by Rehability UK Community Limited, a company incorporated in England and Wales.

From 19 January 2018 the company's ultimate controlling party is Rehability Group Limited by virtue of

its 100% shareholding in Rehability UK Community Limited.