Pear Tree Care Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05265195 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

Pear Tree Care Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

Chartered Accountants' Report

10

DIRECTORS:

Mrs L C McGregor

A J W McGregor

SECRETARY:

Mrs L C McGregor

REGISTERED OFFICE:

1-3 Beech Grove

Hayling Island

Hampshire

PO11 9DP

REGISTERED NUMBER:

05265195 (England and Wales)

ACCOUNTANTS:

IDS and Co

Chartered Accountants

38 Beansburn

Kilmarnock

Ayrshire

KA3 1RL

FIXED ASSETS

Intangible assets

4

131,646

153,896

Tangible assets

5

1,473,523

1,475,615

Investments

6

1,452,853

1,452,853

3,058,022

3,082,364

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

7

298,186

43,576

Cash in hand

3

427

300,189

46,003

CREDITORS

Amounts falling due within one year

8

1,529,786

1,364,151

NET CURRENT LIABILITIES

(1,229,597

)

(1,318,148

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,828,425

1,764,216

CREDITORS

Amounts falling due after more than one year

9

1,407,947

1,370,141

NET ASSETS

420,478

394,075

CAPITAL AND RESERVES

Called up share capital

11

4

4

Revaluation reserve

12

155,000

155,000

Retained earnings

265,474

239,071

SHAREHOLDERS' FUNDS

420,478

394,075

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 directors acknowledge their 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 25 November 2019 and were signed on its behalf by:

A J W McGregor - Director

1.	STATUTORY INFORMATION

Pear Tree Care 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

No depreciation is provided on property as the directors believe the valuation exceeds the book value shown in

the accounts. In addition any depreciation charge would be immaterial.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties, loans to or from related parties and investments in non-puttable ordinary shares.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2018 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

445,000

AMORTISATION

At 1 April 2018

291,104

Charge for year

22,250

At 31 March 2019

313,354

NET BOOK VALUE

At 31 March 2019

131,646

At 31 March 2018

153,896

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2018

1,492,237

112,981

1,605,218

Additions

-

789

789

At 31 March 2019

1,492,237

113,770

1,606,007

DEPRECIATION

At 1 April 2018

30,300

99,303

129,603

Charge for year

-

2,881

2,881

At 31 March 2019

30,300

102,184

132,484

NET BOOK VALUE

At 31 March 2019

1,461,937

11,586

1,473,523

At 31 March 2018

1,461,937

13,678

1,475,615

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

and 31 March 2019

1,452,853

NET BOOK VALUE

At 31 March 2019

1,452,853

At 31 March 2018

1,452,853

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Firtree Associates Limited

Registered office: 20 Bury Road, Alverstone, Gosport, Hampshire. PO12 3UD

Nature of business: residential care for the elderly

%

Class of shares:

holding

Ordinary Shares

100.00

31.3.19

31.3.18

£

£

Aggregate capital and reserves

696,208

694,661

Profit for the year

1,547

51,102

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

37,494

31,214

Other debtors

200,000

-

Corporation tax repayable

1,117

-

Directors' loan accounts

29,975

447

Corporation tax S.455

repayable

9,742

-

Deferred tax asset

10,025

11,915

Prepayments

9,833

-

298,186

43,576

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

151,207

33,029

Trade creditors

38,560

25,395

Amounts owed to group undertakings

1,301,394

1,283,849

Corporation Tax

-

(256

)

Corporation tax S.455 payable

9,742

-

Social security and other taxes

10,375

8,197

Credit card

4,407

4,080

Directors' loan accounts

8,901

5,644

Accrued expenses

5,200

4,213

1,529,786

1,364,151

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans - 1-2 years

107,097

1,370,141

Bank loans - 2-5 years

321,290

-

Bank loans more 5 yr by instal

979,560

-

1,407,947

1,370,141

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

979,560

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

31.3.18

£

£

Bank loans

1,515,044

1,370,141

The bank loan and overdraft are secured by way of a debenture and floating charge over the assets of the

company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

4

Ordinary shares

£1

4

4

12.

RESERVES

Revaluation

reserve

£

At 1 April 2018

and 31 March 2019

155,000

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

31.3.19

31.3.18

£

£

Mrs L C McGregor

Balance outstanding at start of year

447

2,510

Amounts advanced

29,528

1,111

Amounts repaid

-

(3,174

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,975

447

14.	POST BALANCE SHEET EVENTS

On 14th August 2019 Pear Tree Care Limited purchased the two shares owned by Mr & Mrs Bryden for a

consideration of £140,000.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Pear Tree Care Limited for the year ended 31 March 2019 which comprise the Statement of

Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Pear Tree Care Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pear Tree Care Limited and state those matters that we have agreed to state to the Board of Directors of Pear Tree Care Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pear Tree Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pear Tree Care Limited. You consider that Pear Tree Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pear Tree Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

IDS and Co

Chartered Accountants

38 Beansburn

Kilmarnock

Ayrshire

KA3 1RL

25 November 2019