Sage Care Homes (Jasmin Court) Ltd - Accounts to registrar (filleted) - small 18.2
Sage Care Homes (Jasmin Court) Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2019 |
for |
Sage Care Homes (Jasmin Court) Ltd |
Sage Care Homes (Jasmin Court) Ltd (Registered number: 04351365) |
Contents of the Financial Statements |
for the Year Ended 31 January 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Sage Care Homes (Jasmin Court) Ltd |
Company Information |
for the Year Ended 31 January 2019 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
88 Winchester Road |
Fordhouses |
Wolverhampton |
West Midlands |
WV10 6EZ |
Sage Care Homes (Jasmin Court) Ltd (Registered number: 04351365) |
Balance Sheet |
31 January 2019 |
31.1.19 | 31.1.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 7 |
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 |
Sage Care Homes (Jasmin Court) Ltd (Registered number: 04351365) |
Notes to the Financial Statements |
for the Year Ended 31 January 2019 |
1. | STATUTORY INFORMATION |
Sage Care Homes (Jasmin Court) Ltd is a |
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 |
Turnover |
Turnover represents fees for services supplied by the Company, which are exempt from Value Added Tax. |
Turnover is recognised when the company obtains the right to consideration. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Sage Care Homes (Jasmin Court) Ltd (Registered number: 04351365) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 February 2018 |
and 31 January 2019 |
AMORTISATION |
At 1 February 2018 |
and 31 January 2019 |
NET BOOK VALUE |
At 31 January 2019 |
At 31 January 2018 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and | Motor |
property | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 February 2018 |
and 31 January 2019 |
DEPRECIATION |
At 1 February 2018 |
Charge for year |
At 31 January 2019 |
NET BOOK VALUE |
At 31 January 2019 |
At 31 January 2018 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Trade debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to related parties | 1,658,600 | 1,514,232 |
Social security and other taxes |
Other creditors |
Net wages | 197,794 | 42,707 |
Accrued expenses |
Sage Care Homes (Jasmin Court) Ltd (Registered number: 04351365) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.1.19 | 31.1.18 |
£ | £ |
Bank loans | ( |
) |
The bank borrowings are secured by a legal charge and a debenture over the whole of the assets of the |
company. In addition £900,000 is subject to a cross guarantee from Sage Care Homes (Jansondean) Limited. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is O Ahmad. |
The ultimate controlling party is |