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

REGISTERED NUMBER: 03153150 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2019

for

Carelane Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs M M Smith

SECRETARY:

M G Bangs

REGISTERED OFFICE:

Winton Place

16 Blackhills

Esher

Surrey

KT10 9JW

REGISTERED NUMBER:

03153150 (England and Wales)

ACCOUNTANTS:

HFMC Private Client Services Ltd

29 St John's Lane

London

EC1M 4NA

FIXED ASSETS

Tangible assets

4

2,998,371

2,973,761

CURRENT ASSETS

Debtors

5

-

7,449

Cash at bank and in hand

20,874

18,974

20,874

26,423

CREDITORS

Amounts falling due within one year

6

2,875,340

2,768,478

NET CURRENT LIABILITIES

(2,854,466

)

(2,742,055

)

TOTAL ASSETS LESS CURRENT LIABILITIES

143,905

231,706

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

1,894,660

1,894,660

Retained earnings

(1,750,855

)

(1,663,054

)

143,905

231,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th June 2020 and were signed by:

Mrs M M Smith - Director

1.	STATUTORY INFORMATION

Carelane 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 as modified by the revaluation of certain assets.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2019

2,810,848

172,116

2,982,964

Additions

-

34,766

34,766

Reclassification/transfer

-

263,641

263,641

At 31st December 2019

2,810,848

470,523

3,281,371

DEPRECIATION

At 1st January 2019

-

9,203

9,203

Charge for year

-

10,156

10,156

Reclassification/transfer

-

263,641

263,641

At 31st December 2019

-

283,000

283,000

NET BOOK VALUE

At 31st December 2019

2,810,848

187,523

2,998,371

At 31st December 2018

2,810,848

162,913

2,973,761

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Trade debtors

-

7,449

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Trade creditors

(1

)

-

Other creditors

2,875,341

2,768,478

2,875,340

2,768,478

7.

RESERVES

Revaluation

reserve

£

At 1st January 2019

and 31st December 2019

1,894,660