Cream IV Limited - Accounts to registrar (filleted) - small 18.2
Cream IV Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| CREAM IV LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| CREAM IV LIMITED (REGISTERED NUMBER: 10973080) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| CREAM IV LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 7 Sandy Court |
| Ashleigh Way |
| Langage Business Park |
| Plymouth |
| Devon |
| PL7 5JX |
| CREAM IV LIMITED (REGISTERED NUMBER: 10973080) |
| BALANCE SHEET |
| 30 APRIL 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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. |
| 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 |
| CREAM IV LIMITED (REGISTERED NUMBER: 10973080) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| 1. | STATUTORY INFORMATION |
| Cream IV Limited is a |
| 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. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
| added tax and other sales taxes. |
| Turnover represents net invoiced specialist care home fees and is recognised per night that a room is occupied. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each |
| asset over its estimated useful life. Depreciation is charged once the assets are brought into use. |
| Fixtures and fittings - 15% on reducing balance |
| Computer equipment - 15% on reducing balance |
| Freehold property and improvements to property are recognised at cost. These assets are not depreciated as it is |
| considered that the residual value is high, due in part to the fact that the property is subject to a repair and maintenance |
| programme and they are unlikely to suffer from technical or economic albescence. The director considers that the |
| depreciation charge for the year and cumulatively is immaterial. This departure from the requirements of The Companies |
| Act 2006, is in the option of the director, necessary per the financial statements to give a true and fair view. |
| Impairment of assets |
| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have |
| suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset |
| is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is |
| reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. |
| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its |
| recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been |
| recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. |
| Creditors |
| Short term creditors are measured at the transaction price. |
| CREAM IV LIMITED (REGISTERED NUMBER: 10973080) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| 3. | ACCOUNTING POLICIES - continued |
| Taxation |
| Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past |
| reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date. |
| Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. |
| Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of |
| deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a |
| fixed asset have been met, the deferred tax is reversed. |
| Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting |
| date that are expected to apply to the reversal of the timing difference. |
| The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the |
| transaction that resulted in the tax expense (income). |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| Freehold | to | and | Computer |
| property | property | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 May 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 April 2019 |
| DEPRECIATION |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 April 2019 |
| NET BOOK VALUE |
| At 30 April 2019 |
| At 30 April 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| CREAM IV LIMITED (REGISTERED NUMBER: 10973080) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| 7. | RELATED PARTY TRANSACTIONS |
| Cream II Limited, Cream III Limited, Cream Holdings (Taunton) Limited, Cream Residential Care Limited, Cream Care Group |
| Limited and CCG Enterprises Limited are all companies with Martin Reed as director and are therefore considered to be |
| connected parties.There were no single transactions of a material value. |
| At the date of this report, the amount owed by Cream Care Group Limited was £99,766 (2018, £nil) after all the other |
| intercompany balances were hived up. |
| Cream IV Limited is also part of a cross guarantee involving Cream II Limited, Cream III Limited, Cream Holdings (Taunton) |
| Limited, Cream Residential Care Limited, Cream Care Group Limited, CCG Enterprises Limited and Cream I Limited. |