Gensing Rest Home Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01443595 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

GENSING REST HOME LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A F Andrews

REGISTERED OFFICE:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

REGISTERED NUMBER:

01443595 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Property, plant and equipment

4

29,736

31,439

CURRENT ASSETS

Debtors

5

2,000

2,125

Cash at bank and in hand

34,317

32,987

36,317

35,112

CREDITORS

Amounts falling due within one year

6

88,532

76,831

NET CURRENT LIABILITIES

(52,215

)

(41,719

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,479

)

(10,280

)

PROVISIONS FOR LIABILITIES

7

-

715

NET LIABILITIES

(22,479

)

(10,995

)

CAPITAL AND RESERVES

Called up share capital

8

99

99

Retained earnings

9

(22,578

)

(11,094

)

SHAREHOLDERS' FUNDS

(22,479

)

(10,995

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 director and authorised for issue on 23 June 2020 and were signed by:

Mr A F Andrews - Director

1.	STATUTORY INFORMATION

Gensing Rest Home 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.

GOING CONCERN

The company's balance sheet shows a net deficit shareholders fund position. However, the director (who is also

the shareholder) has confirmed his continued financial support for the foreseeable future and for at least twelve

months from the date of signature of these accounts

TURNOVER

Revenue 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.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2018 - 15 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

Cost

At 1 October 2018

and 30 September 2019

56,439

49,773

11,822

118,034

Depreciation

At 1 October 2018

28,687

46,309

11,599

86,595

Charge for year

1,128

519

56

1,703

At 30 September 2019

29,815

46,828

11,655

88,298

Net book value

At 30 September 2019

26,624

2,945

167

29,736

At 30 September 2018

27,752

3,464

223

31,439

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

2,000

2,000

Prepayments

-

125

2,000

2,125

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Social security and other taxes

3,372

3,803

Directors' current accounts

74,610

58,213

Accruals and deferred income

10,550

14,815

88,532

76,831

7.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

-

715

Deferred

tax

£

Balance at 1 October 2018

715

Provided during year

(715

)

Balance at 30 September 2019

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

99

Ordinary

£1

99

99

9.

RESERVES

Retained

earnings

£

At 1 October 2018

(11,094

)

Deficit for the year

(11,484

)

At 30 September 2019

(22,578

)

10.	ULTIMATE CONTROLLING PARTY

The director is the ultimate controlling interest.