Rico Healthcare (Grange) Limited - Accounts to registrar (filleted) - small 18.2
Rico Healthcare (Grange) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| RICO HEALTHCARE (GRANGE) LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2019 |
| RICO HEALTHCARE (GRANGE) LIMITED (REGISTERED NUMBER: 07469835) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| Page |
| Company Information | 1 |
| Abridged Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| RICO HEALTHCARE (GRANGE) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 923 Finchley Road |
| London |
| NW11 7PE |
| RICO HEALTHCARE (GRANGE) LIMITED (REGISTERED NUMBER: 07469835) |
| ABRIDGED STATEMENT OF FINANCIAL POSITION |
| 31ST MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| RICO HEALTHCARE (GRANGE) LIMITED (REGISTERED NUMBER: 07469835) |
| ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
| 31ST MARCH 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| RICO HEALTHCARE (GRANGE) LIMITED (REGISTERED NUMBER: 07469835) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 1. | STATUTORY INFORMATION |
| Rico Healthcare (Grange) Limited is a |
| 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 |
| The directors have undertaken not to withdraw their current accounts but to continue to ensure the company has |
| adequate resources to meet its short term liabilities. For this reason, the directors believe that it is appropriate to |
| prepare the financial statements on the going concern basis. |
| Turnover |
| Turnover represents gross income from services provided. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2012 from a related party, is |
| being amortised evenly over its estimated useful life of seven 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 |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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 |
| RICO HEALTHCARE (GRANGE) LIMITED (REGISTERED NUMBER: 07469835) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 4. | INTANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1st April 2018 |
| and 31st March 2019 |
| AMORTISATION |
| At 1st April 2018 |
| Amortisation for year |
| At 31st March 2019 |
| NET BOOK VALUE |
| At 31st March 2019 |
| At 31st March 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1st April 2018 |
| and 31st March 2019 |
| DEPRECIATION |
| At 1st April 2018 |
| Charge for year |
| At 31st March 2019 |
| NET BOOK VALUE |
| At 31st March 2019 |
| At 31st March 2018 |
| Included in cost of land and buildings is freehold land of £ 225,000 (2018 - £ 225,000 ) which is not depreciated. |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
| 2019 | 2018 |
| £ | £ |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 582,003 | 630,503 |
| RICO HEALTHCARE (GRANGE) LIMITED (REGISTERED NUMBER: 07469835) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| Santander UK plc has a first legal charge over the assets of the subsidiary company, Coursechange Limited. |
| They also have a debenture over all the assets of this company. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | RELATED PARTY DISCLOSURES |
| A personal guarantee limited to £125,000 from P Klor, has been given to Santander in respect of the mortgage. |
| At the balance sheet date the company was owed £112,416 by The Grange Care Centre UK Limited. Mr S Klor |
| and Mr P Klor are directors and have a controlling interest in this company through its immediate holding |
| company. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |