Future Care Services (UK) Limited - Accounts to registrar (filleted) - small 18.2
Future Care Services (UK) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 29 November 2018 |
| for |
| Future Care Services (UK) Limited |
| Future Care Services (UK) Limited (Registered number: 08541938) |
| Contents of the Financial Statements |
| for the Year Ended 29 November 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Future Care Services (UK) Limited |
| Company Information |
| for the Year Ended 29 November 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 116 Duke Street |
| Liverpool |
| Merseyside |
| L1 5JW |
| Future Care Services (UK) Limited (Registered number: 08541938) |
| Balance Sheet |
| 29 November 2018 |
| 29.11.18 | 29.11.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Prepayments and accrued income | ( |
) |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Future Care Services (UK) Limited (Registered number: 08541938) |
| Notes to the Financial Statements |
| for the Year Ended 29 November 2018 |
| 1. | STATUTORY INFORMATION |
| Future Care Services (UK) Limited is a |
| 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 |
| The accounts have been prepared on a going concern basis as the directors are confident that the company will |
| be able to continue trading despite it being in a net liability position. The company is now making a profit. |
| Significant judgements and estimates |
| The preparation of these financial statements in accordance with FRS 102 requires the use of certain critical |
| accounting estimates. Estimates and and judgements are continually evaluated and are based on historical |
| experience, current knowledge and expectations of future events. |
| Key accounting estimates- provisions |
| Upon the sale of property to an investor the company guarantees a return of a specified amount for a specified |
| period of time. The rental income received on the property may not always meet the liability due to running costs |
| and vacant periods so a provision is made against this cost. The provision is reviewed and updated annually. |
| Since trading results have improved the remaining provision has been adjusted in exceptional items to reflect |
| this. |
| Turnover |
| Turnover, derived from ordinary activities, represents the sale of property and care home fees. Property sales are |
| recognised on completion when legal title passes to the purchaser and rental income is recognised on a |
| receivable basis. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Financial instruments |
| Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, |
| and subsequently at amortised cost using the effective interest method. |
| Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are |
| measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective |
| evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit |
| and loss. |
| Future Care Services (UK) Limited (Registered number: 08541938) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 November 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 30 November 2017 |
| Additions |
| At 29 November 2018 |
| DEPRECIATION |
| At 30 November 2017 |
| Charge for year |
| At 29 November 2018 |
| NET BOOK VALUE |
| At 29 November 2018 |
| At 29 November 2017 |
| Future Care Services (UK) Limited (Registered number: 08541938) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 November 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.11.18 | 29.11.17 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.11.18 | 29.11.17 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | 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. |
| At the balance sheet date £26,981 was owed to a company under common control, the loan is interest free and |
| repayable on demand. |