Rushcliffe Independent Hospitals Limited - Accounts to registrar (filleted) - small 18.2
Rushcliffe Independent Hospitals Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 November 2019 |
for |
Rushcliffe Independent Hospitals Limited |
Rushcliffe Independent Hospitals Limited (Registered number: 07105160) |
Contents of the Financial Statements |
for the Year Ended 30 November 2019 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Rushcliffe Independent Hospitals Limited |
Company Information |
for the Year Ended 30 November 2019 |
DIRECTOR: |
SECRETARIES: |
Ms S L Wilkinson |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants & |
Statutory Auditor |
3rd Floor |
Butt Dyke House |
33 Park Row |
Nottingham |
NG1 6EE |
Rushcliffe Independent Hospitals Limited (Registered number: 07105160) |
Abridged Statement of Financial Position |
30 November 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 signed by: |
Rushcliffe Independent Hospitals Limited (Registered number: 07105160) |
Notes to the Financial Statements |
for the Year Ended 30 November 2019 |
1. | STATUTORY INFORMATION |
Rushcliffe Independent Hospitals Limited is a |
England and Wales. The company's registered 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. | ACCOUNTING POLICIES |
Basis of presentation |
Preparation of consolidated financial statements |
The financial statements contain information about Rushcliffe Independent Hospitals Limited as an |
individual company and do not contain consolidated financial information as the parent of a group. The |
company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to |
prepare consolidated financial statements. |
The company and its subsidiaries are also part of a larger group and their results are included by full |
consolidation in the financial statements of the ultimate parent, Rushcliffe Care Holdings Limited, |
whose registered office is 3rd Floor, Butt Dyke House, 33 Park Row, Nottingham, NG1 6EE. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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. |
Rushcliffe Independent Hospitals Limited (Registered number: 07105160) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2019 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The company has made a loss on ordinary activities before taxation of £211,567 (2018: £6,999). The |
statement of financial position details net current liabilities of £577,597 (2018: £516,030) and net |
liabilities of £327,595 (2018: £116,028). The parent company, Rushcliffe Care Limited, has confirmed |
that it will provide the company with adequate cash resources to finance its trading and other |
obligations during the course of the twelve months from the date of approval of the financial |
statements. It is on this basis that the director considers it appropriate to prepare the financial |
statements on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2018 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 December 2018 |
and 30 November 2019 | 2 |
NET BOOK VALUE |
At 30 November 2019 | 2 |
At 30 November 2018 | 2 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 December 2018 |
Additions |
Impairments | ( |
) |
At 30 November 2019 |
NET BOOK VALUE |
At 30 November 2019 |
At 30 November 2018 |
Investment property is included at fair value. Fair value has been determined by the director based |
upon the value the property had previously been marketed for, as assessed by an independent |
commercial estate agent, and adjusted for factors currently affecting the site. |
The historical cost of investment property held at fair value was £507,696. |
Rushcliffe Independent Hospitals Limited (Registered number: 07105160) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2019 |
6. | SECURED DEBTS |
Lloyds Bank plc holds a debenture and first legal charge over the assets of the company. On 27 |
February 2019, Lloyds Bank plc also registered a fixed charge over the company's investment in |
Rushcliffe Independent Hospitals (Kegworth) Limited. |
In addition, Lloyds Bank plc hold in their favour an omnibus guarantee and set-off arrangement for the |
company and for other companies within the group. |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
10. | CONTROL RELATIONSHIP |
The immediate parent undertaking is the issued ordinary share capital. The registered office is 3rd Floor Butt Dyke House, 33 Park Row, Nottingham, NG1 6EE. |
The ultimate controlling party is the director, parent company Rushcliffe Care Holdings Limited. |
Copies of the group accounts for House. This is the only group that the company is consolidated into for this year. |