ACCOUNTS - Final Accounts preparation

BEAUMONT SUPPORTED LIVING HOLDINGS LIMITED - Company Information

Company Registration Number 06816959

	BEAUMONT SUPPORTED LIVING HOLDINGS LIMITED

	UNAUDITED FINANCIAL STATEMENTS

	28 FEBRUARY 2019

BEAUMONT SUPPORTED LIVING HOLDINGS LIMITED

REGISTERED NUMBER: 06816959

STATEMENT OF FINANCIAL POSITION

AS AT 28 FEBRUARY 2019

		2019		2018
Note		£		£

Fixed assets
Investments		267,733		267,733
		267,733		267,733
Current assets
Debtors: amounts falling due within one year	13,135		17
Cash at bank and in hand	3,413		3,306
	16,548		3,323
Creditors: amounts falling due within one year	(700)		(47,119)
Net current assets/(liabilities)		15,848		(43,796)
Total assets less current liabilities		283,581		223,937

Net assets		283,581		223,937

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BEAUMONT SUPPORTED LIVING HOLDINGS LIMITED

REGISTERED NUMBER: 06816959

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 28 FEBRUARY 2019

	2019	2018
Note	£	£

Capital and reserves
Called up share capital	100	100
Profit and loss account	283,481	223,837
	283,581	223,937

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr V A Burini

Director

Date: 20 November 2019

The notes on pages 3 to 6 form part of these financial statements.

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BEAUMONT SUPPORTED LIVING HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

1.	General information

Beaumont Supported Living Holdings Limited is a private company limited by shares and incorporated in England and Wales within the United Kingdom. Its registered office and principal place of business is Red Lion Cottage, Corbridge Road, Hexham, Northumberland, NE46 1UL.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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BEAUMONT SUPPORTED LIVING HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

2.Accounting policies (continued)

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2018 - 1).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 March 2018	267,733
	At 28 February 2019	267,733

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BEAUMONT SUPPORTED LIVING HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Class of shares	Holding

Seymour House (Hartlepool) Limited

Ordinary A and Ordinary B

100%

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BEAUMONT SUPPORTED LIVING HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

Debtors

					2019	2018
					£	£


Other debtors	13,083	17
Prepayments and accrued income	52	-
	13,135	17

6.	Cash and cash equivalents
		2019	2018
		£	£

Cash at bank and in hand	3,412	3,306
	3,412	3,306

7.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Other creditors	-	46,819
Accruals and deferred income	700	300
	700	47,119

8.	Share capital
		2019	2018
		£	£

Allotted, called up and fully paid

100 (2018 - 100) Ordinary shares of £1.00 each	100	100

9.	Transactions with directors

At 1 March 2018, a director was owed £46,819. During the year the director had advances of £101,352 and repayments of £41,468. At the balance sheet date the director owed the company £13,067. Interest of £52 has been charged in the year. The loan is unsecured and repayable on demand.

10.	Related party transactions
	At 1 March 2018 £17 was owed from a related party, a company which has the same Director. At the balance sheet date £17 was owed by the related party.

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