Molarcare Limited - Accounts to registrar (filleted) - small 18.2

Molarcare Limited - Accounts to registrar (filleted) - small 18.2

MOLARCARE LIMITED - Company Information

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REGISTERED NUMBER: 08275530 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

MOLARCARE LIMITED
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MOLARCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTOR: A Patel





REGISTERED OFFICE: 207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL





REGISTERED NUMBER: 08275530 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL
Page 1
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530)

ABRIDGED BALANCE SHEET
31 MARCH 2019

31/3/19 31/3/18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,661 1,416
Investments 5 1,519,336 1,519,336
1,520,997 1,520,752

CURRENT ASSETS
Debtors 138,038 43,365
Cash at bank 700,082 377,074
838,120 420,439
CREDITORS
Amounts falling due within one year 135,246 139,811
NET CURRENT ASSETS 702,874 280,628
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,223,871
1,801,380

CREDITORS
Amounts falling due after more than one
year
6
(965,565
)
(1,046,614
)

PROVISIONS FOR LIABILITIES (280 ) (280 )
NET ASSETS 1,258,026 754,486

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,257,926 754,386
SHAREHOLDERS' FUNDS 1,258,026 754,486

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 notes form part of these financial statements

Page 2 continued...
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2019


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 21 December 2019 and were signed by:





A Patel - Director


The notes form part of these financial statements

Page 3
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1. STATUTORY INFORMATION

Molarcare 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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 1 (2018 - 1 ) .

Page 4 continued...
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2018 2,114
Additions 1,094
At 31 March 2019 3,208
DEPRECIATION
At 1 April 2018 698
Charge for year 849
At 31 March 2019 1,547
NET BOOK VALUE
At 31 March 2019 1,661
At 31 March 2018 1,416

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2018
and 31 March 2019 1,519,336
NET BOOK VALUE
At 31 March 2019 1,519,336
At 31 March 2018 1,519,336

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/3/19 31/3/18
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 673,708 684,851

7. SECURED DEBTS

The following secured debts are included within creditors:

31/3/19 31/3/18
£    £   
Bank loans 1,051,245 1,145,281

The bank loan is secured by fixed and floating charges over all property and undertakings of the company.

Page 5 continued...
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director, Mr A Patel, received an unsecured loan from the company. There are no fixed repayment terms.
The balance at the year end was £37,294 (2018 £5,389).

During the year the director received dividends totalling £34,000.

9. RELATED PARTY DISCLOSURES

During the year, the company received associate income of £80,000 (2018 70,429) and management charge
income of £36,000 (2018 - £34,000) from City Way Dental, a business of which the Director, Mr A Patel, is a
partner.

The company received associate income of £80,000 (2018 75,522) and management charge income of £10,000
(2018 - £10,000) from its 100% subsidiary, Oradent Kent Limited.

Page 6