United Care Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05634447 (England and Wales)

UNITED CARE DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Patel

REGISTERED OFFICE:

9 - 11 Vittoria Street

Birmingham

West Midlands

B1 3ND

REGISTERED NUMBER:

05634447 (England and Wales)

ACCOUNTANTS:

UHY Hacker Young (Bham) LLP

9 - 11 Vittoria Street

Birmingham

B1 3ND

CURRENT ASSETS

Stocks

665,475

813,745

CREDITORS

Amounts falling due within one year

4

703,458

841,489

NET CURRENT LIABILITIES

(37,983

)

(27,744

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,983

)

(27,744

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(38,083

)

(27,844

)

SHAREHOLDERS' FUNDS

(37,983

)

(27,744

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director on 1 November 2019 and were signed by:

J Patel - Director

1.	STATUTORY INFORMATION

United Care Developments 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.

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.

The presentational and functional currency of these financial statements is sterling. All amounts in

the financial statements have been rounded to the nearest £1.

Measurement convention

The financial statements are prepared on the historical cost basis except in the instance where

assets and liabilities are stated at their fair value.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue

in operational existence for the foreseeable future. Thus they have adopted the going concern basis

of accounting in preparing these financial statements.

Basic financial instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction

costs. Trade and other creditors are recognised initially at transaction price plus attributable

transaction costs. Subsequent to initial recognition they are measured at amortised cost using the

effective interest method, less any impairment losses in the case of trade debtors. If the

arrangement constitutes a financing transaction, for example if payment is deferred beyond normal

business terms, then it is measured at the present value of future payments discounted at a market

rate of instrument for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the

profit and loss account except to the extent that it relates to items recognised directly in equity or

other income, in which case it is recognised directly in equity or other income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year,

using tax rates enacted or substantively enacted at the balance sheet date.

Deferred tax is provided on timing differences which arise from the inclusion of income and

expenses in tax assessments in periods different from those in which they are recognised in the

financial statements. Deferred tax is not recognised on permanent differences arising because

certain types of income or expense are non-taxable or are disallowable for tax or because certain tax

charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related

difference, using tax rates enacted or substantively enacted at the balance sheet date.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it

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 NIL (2018 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to participating interests

691,129

828,379

Other creditors

12,329

13,110

703,458

841,489

5.	RELATED PARTY TRANSACTIONS

Included in creditors are amounts of £665,475 (2018: £802,725) due to United Care Limited and

£25,654 (2018: £25,654) due to Beaumaris Healthcare Limited, both of which are companies under

the control of the Director, Mr J Patel.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is J Patel.