Arrigadeen Nursing Home Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03958785 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Arrigadeen Nursing Home Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D K Morey

Mrs M J Buckley

Mrs L J Cook

SECRETARY:

Mrs D K Morey

REGISTERED OFFICE:

20 Cambridge Road

Clevedon

North Somerset

BS21 7HX

REGISTERED NUMBER:

03958785 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

18,001

21,178

18,001

21,178

CURRENT ASSETS

Inventories

975

975

Debtors

6

4,540

2,274

Cash at bank

142,437

196,350

147,952

199,599

CREDITORS

Amounts falling due within one year

7

24,739

28,286

NET CURRENT ASSETS

123,213

171,313

TOTAL ASSETS LESS CURRENT LIABILITIES

141,214

192,491

PROVISIONS FOR LIABILITIES

2,897

3,563

NET ASSETS

138,317

188,928

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

137,317

187,928

SHAREHOLDERS' FUNDS

138,317

188,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2020 and were signed on its behalf by:

Mrs D K Morey - Director

Mrs M J Buckley - Director

1.	STATUTORY INFORMATION

Arrigadeen Nursing 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.

Turnover

Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and

services provided during the year. All transactions arose in the United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of seventeen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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 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.

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 33 (2019 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

67,000

AMORTISATION

At 1 April 2019

and 31 March 2020

67,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2019

and 31 March 2020

7,994

107,468

6,566

122,028

DEPRECIATION

At 1 April 2019

7,640

87,448

5,762

100,850

Charge for year

53

3,003

121

3,177

At 31 March 2020

7,693

90,451

5,883

104,027

NET BOOK VALUE

At 31 March 2020

301

17,017

683

18,001

At 31 March 2019

354

20,020

804

21,178

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

-

2,000

Tax

4,380

-

Prepayments

160

274

4,540

2,274

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

11,236

8,109

Tax

-

9,130

Social security and other taxes

11,413

8,957

Accrued expenses

2,090

2,090

24,739

28,286

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 April 2019

187,928

Deficit for the year

(20,611

)

Dividends

(30,000

)

At 31 March 2020

137,317

10.	RELATED PARTY DISCLOSURES

D Morey

Director

During the year the company entered into the following transactions with the director:

2020

2019

Dividends

10,000

20,000

Rent

16,000

16,000

At the year end the company owed the director £nil (2019 - £nil)

M Buckley

Director

During the year the company entered into the following transactions with the director:

2020

2019

Dividends

10,000

20,000

Rent

16,000

16,000

At the year end the company owed the director £nil (2019 - £nil)

L Cook

Director

During the year the company entered into the following transactions with the director:

2020

2019

Dividends

10,000

20,000

Rent

16,000

16,000

At the year end the company owed the director £nil (2019 - £nil)