Family Care (Group) Limited - Accounts to registrar (filleted) - small 18.2
Family Care (Group) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2018 |
for |
Family Care (Group) Limited |
Family Care (Group) Limited (Registered number: 09266514) |
Contents of the Financial Statements |
for the year ended 31 December 2018 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Family Care (Group) Limited |
Company Information |
for the year ended 31 December 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
22-28 Willow Street |
Accrington |
Lancashire |
BB5 1LP |
Family Care (Group) Limited (Registered number: 09266514) |
Abridged Balance Sheet |
31 December 2018 |
31/12/18 | 31/12/17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 on |
Family Care (Group) Limited (Registered number: 09266514) |
Notes to the Financial Statements |
for the year ended 31 December 2018 |
1. | STATUTORY INFORMATION |
Family Care (Group) Limited is a |
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 |
Preparation of consolidated financial statements |
The financial statements contain information about Family Care (Group) Limited as an individual company and |
do not contain consolidated financial information as the parent of a group. The company is exempt under Section |
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
Basic financial assets, including trade and other receivables, cash and bank balances and investments in |
commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing |
transaction, where the transaction is measured at the present value of the future receipts discounted at a market |
rate of interest. |
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies |
and preference shares that are classified as debt, are initially recognised at transaction price, unless the |
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the |
future receipts discounted at a market rate of interest. |
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. |
Family Care (Group) Limited (Registered number: 09266514) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2018 |
3. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 January 2018 |
and 31 December 2018 | 1,225,638 |
NET BOOK VALUE |
At 31 December 2018 | 1,225,638 |
At 31 December 2017 | 1,225,638 |
4. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31/12/18 | 31/12/17 |
£ | £ |
Repayable by instalments |
Other loans more 5yrs instal | 31,866 | 70,109 |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
31/12/18 | 31/12/17 |
£ | £ |
Other loans - less than 1 yr |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/12/18 | 31/12/17 |
value: | £ | £ |
Ordinary | £1 | 50,818 | 50,818 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | CONTINGENT LIABILITIES |
The company has entered into a Composite Accounting Agreement dated 17 July 2007 (The "Agreement"). |
Each participating related party (Dalepeak Limited, Family Care Fostering Limited, Family Care Associates |
Limited, Family Care Associates (Fostering) Limited, Family Care Associates (Holdings) Limited and Young |
Alliance Limited) has provided a guarantee to Barclays Bank PLC. Under the terms of the Agreement and the |
cross guarantees, Barclays Bank PLC is authorised to allow set-off for interest purposes and in certain |
circumstances to seize credit balances and apply them in reduction of liabilities including debit balances within |
the Composite Accounting System. The maximum potential liability arising under this guarantee at the year end |
was £769,687 (2017: £694,854). |
Family Care (Group) Limited (Registered number: 09266514) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2018 |
9. | APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns |
to the tax authorities and assist with the preparation of the financial statements. |