Mappleton House Care Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05861707 (England and Wales)

Audited Financial Statements

for the Year Ended 30 November 2018

for

Mappleton House Care Homes Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

P Buller

Ms L Sim

REGISTERED OFFICE:

3rd Floor

Butt Dyke House

33 Park Row

Nottingham

NG1 6EE

BUSINESS ADDRESS:

Suites 1 & 5 Riverside Business Centre

Foundry Lane

Milford

Belper

Derbyshire

DE56 0RN

REGISTERED NUMBER:

05861707 (England and Wales)

AUDITORS:

HSKS Greenhalgh

Chartered Accountants &

Statutory Auditor

3rd Floor

Butt Dyke House

33 Park Row

Nottingham

NG1 6EE

FIXED ASSETS

Intangible assets

4

-

-

Investment property

5

965,000

1,280,806

965,000

1,280,806

CURRENT ASSETS

Debtors

19,992

14,295

Cash in hand

3,159

3,159

23,151

17,454

CREDITORS

Amounts falling due within one year

15,860

31,365

NET CURRENT ASSETS/(LIABILITIES)

7,291

(13,911

)

TOTAL ASSETS LESS CURRENT LIABILITIES

972,291

1,266,895

CAPITAL AND RESERVES

Called up share capital

8

1

1

Other reserves

96,873

412,679

Retained earnings

875,417

854,215

SHAREHOLDERS' FUNDS

972,291

1,266,895

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 November 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 June 2019 and were signed on its behalf by:

P Buller - Director

1.	STATUTORY INFORMATION

Mappleton House Care Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Furthermore, the company ceased trading on 5 June 2019 and the financial statements have been

prepared on a break up basis.

Turnover

Turnover is the amount derived from the letting of the company's property. Turnover is recognised

when the company becomes entitled to the rent due.

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair

value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2017

and 30 November 2018

350,298

AMORTISATION

At 1 December 2017

and 30 November 2018

350,298

NET BOOK VALUE

At 30 November 2018

-

At 30 November 2017

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2017

1,280,806

Revaluations

(315,806

)

At 30 November 2018

965,000

NET BOOK VALUE

At 30 November 2018

965,000

At 30 November 2017

1,280,806

Investment properties with a carrying value of £965,000 were pledged as security for the group's

borrowing facilities at the balance sheet date. Following a change of ownership on 10 May 2019, all of

the charges in existence at that date were satisfied.

Fair value at 30 November 2018 is represented by:

£

Valuation in 2013

16,758

Valuation in 2017

236,565

Valuation in 2018

(315,806

)

Cost

1,027,483

965,000

The cost value shown above is the original cost of the tangible fixed assets transferred to investment

property. The fair value adjustments shown are net of depreciation on the assets transferred.

The investment property has been included at fair value. A valuation was performed by Christie & Co

in October 2018.

6.	LEASING AGREEMENTS

Future minimum rentals receivable under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

36,000

36,000

Between one and five years

84,000

120,000

In more than five years

-

-

120,000

156,000

The lease is a five year lease at £36,000 per annum ending on 29 March 2022, with a review on 30

April 2019.

The investment property and its associated income was transferred to a connected party at market

value on 5 June 2019.

7.	SECURED DEBTS

Lloyds Bank plc held a debenture and legal charge over the assets of the company. In addition Lloyds

Bank plc held in their favour an omnibus guarantee and set-off agreement for the company and for

other companies within the group. Following a change of ownership on 10 May 2019, all the charges in

existence at that date were satisfied.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary

£1

1

1

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

The Report of the Auditors was unqualified.

Philip Handley FCA (Senior Statutory Auditor)

for and on behalf of HSKS Greenhalgh

10.	RELATED PARTY DISCLOSURES

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.

11.	POST BALANCE SHEET EVENTS

12.	CONTROL RELATIONSHIP