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Registered number: 02874714
NEW CENTURY CARE (BLACKHEATH) LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 30 JUNE 2019
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NEW CENTURY CARE (BLACKHEATH) LIMITED
REGISTERED NUMBER: 02874714
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2019
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board on 30 June 2020 and were signed on its behalf by:
The notes on pages 2 - 6 form part of these financial statements.
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Page 1
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NEW CENTURY CARE (BLACKHEATH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2019
New Century Care (Blackheath) Limited is incorporated in England and Wales and is a private company limited by shares. The registered office is Albemarle House, 1 Albemarle Street, London, W1S 4HA
2.Accounting policies
These financial statements have been prepared in accordance with FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (‘FRS 102’) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied, other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The company is not trading and therefore these financial statements are not prepared on the going concern basis.
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.
Page 2
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NEW CENTURY CARE (BLACKHEATH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2019
2.Accounting policies (continued)
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Page 3
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NEW CENTURY CARE (BLACKHEATH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2019
2.Accounting policies (continued)
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Current tax is provided at amounts expected to be paid (or recovered) using tax rates enacted and laws that have been enacted or substantively enacted by the balance sheet date.
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation. A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
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The average monthly number of employees, including directors, during the period was 1 (2017 - 5).
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Amounts owed by group undertakings
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All amounts shown under debtors fall due for payment within one year.
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Page 4
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NEW CENTURY CARE (BLACKHEATH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2019
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Financial assets measured at amortised cost
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Financial liabilities measured at amortised cost
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Financial assets measured at amortised cost comprise amounts owed by group undertakings and cash.
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Financial liabilities measured at amortised cost comprise other creditors.
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Authorised, allotted, called up and fully paid
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100 (2017 - 100) Ordinary Shares shares of £1 each
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Ordinary shares carry one vote per share and rights to participate in dividends and capital equally with all other ordinary shares at any time and from time to time issued by the company.
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Page 5
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NEW CENTURY CARE (BLACKHEATH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2019
During the year to 31 December 2017, the company sold all its fixed assets, including freehold property that had previously been revalued, creating a revaluation surplus of £690,958 that should have been transferred to retained earnings when the property was sold. However, the transfer was inadvertently omitted and so a prior year adjustment has been included in these accounts.
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Ultimate parent company and parent undertaking of larger group
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The company is a subsidiary of Custodes Acqco Limited, which is the immediate parent company, incorporated in England & Wales.
As at 31 December 2016 the ultimate parent company was Custodes Topco Limited, incorporated in England & Wales, by virtue of its ownership of Custodes Acqco Limited. The consolidated financial statements of which are available from the company’s registered address.
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Disclosure under section 444(5B) of the Companies Act 2006
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The auditors' report on the financial statements for the period ended 30 June 2019 was unqualified.
The audit report was signed on 30 June 2020 by Domenico Maurello (Senior Statutory Auditor) on behalf of Keelings Limited.
Page 6
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