| Hunters Lodge Care Homes Limited |
| Registered number: |
06985418 |
| Balance Sheet |
| as at 31 March 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,003,502 |
|
|
1,019,023 |
|
| Current assets |
| Stocks |
|
|
900 |
|
|
900 |
| Debtors |
4 |
|
31,518 |
|
|
50,665 |
| Cash at bank and in hand |
|
|
51,494 |
|
|
8,122 |
|
|
|
83,912 |
|
|
59,687 |
|
| Creditors: amounts falling due within one year |
5 |
|
(747,315) |
|
|
(737,559) |
|
| Net current liabilities |
|
|
|
(663,403) |
|
|
(677,872) |
|
| Total assets less current liabilities |
|
|
|
340,099 |
|
|
341,151 |
|
|
| Provisions for liabilities |
|
|
|
(6,323) |
|
|
(9,090) |
|
|
| Net assets |
|
|
|
333,776 |
|
|
332,061 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
333,676 |
|
|
331,961 |
|
| Shareholder's funds |
|
|
|
333,776 |
|
|
332,061 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S Geach |
| Director |
| Approved by the board on 4 November 2019 |
|
| Hunters Lodge Care Homes Limited |
| Notes to the Accounts |
| for the period from 1 October 2018 to 31 March 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The accounts are prepared in sterling, which is the functional currency of the company.
Monetary amount in these accounts are rounded to the nearest pound. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
Turnover includes revenue earned from the supply of care services. Turnover from the supply of care services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair calue of the consideration received or receivable. Where payments are received from customers in advance of services provided the amounts are recorded as deferred income and included as part of payables due within one year. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
2% straight line |
|
Fixtures, fittings and equipment |
15% straight line |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
42 |
|
43 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 October 2018 |
1,006,000 |
|
117,985 |
|
1,123,985 |
|
Additions |
3,422 |
|
- |
|
3,422 |
|
At 31 March 2019 |
1,009,422 |
|
117,985 |
|
1,127,407 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2018 |
30,180 |
|
74,782 |
|
104,962 |
|
Charge for the period |
10,094 |
|
8,849 |
|
18,943 |
|
At 31 March 2019 |
40,274 |
|
83,631 |
|
123,905 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2019 |
969,148 |
|
34,354 |
|
1,003,502 |
|
At 30 September 2018 |
975,820 |
|
43,203 |
|
1,019,023 |
|
|
| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
24,796 |
|
49,385 |
|
Other debtors |
6,722 |
|
1,280 |
|
|
|
|
|
|
31,518 |
|
50,665 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade creditors |
15,289 |
|
16,102 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
650,903 |
|
658,894 |
|
Taxation and social security costs |
44,128 |
|
36,072 |
|
Other creditors |
36,995 |
|
26,491 |
|
|
|
|
|
|
747,315 |
|
737,559 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other financial commitments |
2019 |
|
2018 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
8,208 |
|
9,576 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Financial commitments, guarantees and contingent liabilities |
|
|
At 31 March 2019, the company had secured Santander borrowings of the director, Mr Stephen Geach, by the way of legal charges over the property and other assets. As at 31 March 2019, the maximum exposure of the company in repost of amounts drawn down by the parent company was £2,435,000 (Sept 18 : Quality Care Group Limited £3,894,060). |
|
|
| 8 |
Related party transactions |
|
|
The company has applied the exemption available under section 33.1A of FRS 102 from disclosing transactions with wholly owned companies within the Great Oak Care Homes Limited group. |
|
|
| 9 |
Controlling party |
|
|
The ultimate parent company is Great Oak Care Homes Limited, whose registered office is at The Old School House, West Street, Southwick, Fareham, PO17 6EA
The ultimate controlling party is the director of Great Oak Care Homes Limited by virtue of his 100% shareholding of the issued share capital of the company.
The smallest and largest group into which the company is consolidated is Great Oak Care Homes Limited. |
|
|
| 10 |
Other information |
|
|
Hunters Lodge Care Homes Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
|
The Old School House |
|
West Street |
|
Southwick, Fareham |
|
Hampshire |
|
PO17 6EA |
|
The principle place of business is Eastgate Lodge, Cams Hall Estate, Portchester Road, Fareham, Hampshire, PO16 8UP. |
