The Beeches Prof & Therapeutic Services - Limited company accounts 20.1

The Beeches Prof & Therapeutic Services - Limited company accounts 20.1

THE BEECHES PROFESSIONAL AND THERAPEUTIC SERVICES LIMITED - Company Information

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IRIS Accounts Production v20.2.0.366 NI028742 Board of Directors 31.12.19 1.1.19 31.12.19 31.12.19 Provision of residential and nursing care for persons with learning disabilities. true true false true true false false false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 Ordinary E 1.00000 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REGISTERED NUMBER: NI028742 (Northern Ireland)















Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2019

for

The Beeches Professional and Therapeutic
Services Limited
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2019




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 18


The Beeches Professional and Therapeutic
Services Limited

Company Information
for the Year Ended 31 December 2019







DIRECTORS: Mr James Patrick Francis Wilson
Mrs Frances Wilson
Mr James Brian Wilson
Mrs Joan Clare Wilson
Mr Jonathan Wilson
Mrs Aileen Wilson
Mr Jeffrey Wilson





REGISTERED OFFICE: 9/11 Lurgan Road
Aghalee
Craigavon
Co. Armagh
BT67 0DD





REGISTERED NUMBER: NI028742 (Northern Ireland)





AUDITORS: McCleary & Company Ltd
Chartered Accountants and Registered Auditors
Ratheane House
32 Hillsborough Road
Lisburn
Co. Antrim
BT28 1AQ
Page 1
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Group Strategic Report
for the Year Ended 31 December 2019

The directors present their strategic report of the company and the group for the year ended
31 December 2019.

REVIEW OF BUSINESS
The Company provides nursing home facilities, nurse-led clinical care and specialised support to adults with
a learning disability who have complex medical and physical needs. It has two Nursing Homes, one in
Aghalee and one in Ballynahinch, which generates the vast majority of its income and profit.The Company
also provides day care facilities for babies and primary school children at their day nursery which is based in
Aghalee.

The turnover during the year increased by just over 9%, the running costs also increased by just over 8%
causing an increase in the operating profit from £527,382 for the year ended 31 December 2018 to
£621,123 for the current year. The Consolidated Balance Sheet remains strong with Total Capital and
Reserves of £3,752,292. Going forward, the directors appreciate the economic position and are continuously
looking at opportunities to increase income whether it is through increasing prices, capacity or additional
services. They are also reviewing costs and are aware of the effects on profitability from future changes in
the economy and legislation.

PRINCIPAL RISKS AND UNCERTAINTIES
The Company does not anticipate any significant change to the business risks of the Company. Increasing
pricing continues to be difficult and the increase in the minimum wage will continue to have an effect on
profitability. The directors are aware of these issues and continue to look at improving revenue streams and
managing costs without affecting services to their customers.

ON BEHALF OF THE BOARD:





Mr James Brian Wilson - Director


8 September 2020

Page 2
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Report of the Directors
for the Year Ended 31 December 2019

The directors present their report with the financial statements of the company and the group for the year
ended 31 December 2019.

DIVIDENDS
Interim dividends per share were paid during the year as follows:
Ordinary A £1 - £4.6126 - 17 April 2019
Ordinary B £1 - £3.1048 - 17 April 2019
Ordinary C £1 - £4.6126 - 17 April 2019
Ordinary D £1 - £5.15394 - 14 October 2019
Ordinary E £1 - £13.1844 - 17 April 2019
Ordinary F £1 - £18.8348 - 17 April 2019

The total distribution of dividends for the year ended 31 December 2019 will be £ 405,564 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2019 to the date
of this report.

Mr James Patrick Francis Wilson
Mrs Frances Wilson
Mr James Brian Wilson
Mrs Joan Clare Wilson
Mr Jonathan Wilson
Mrs Aileen Wilson
Mr Jeffrey Wilson

Other changes in directors holding office are as follows:

Mrs Diane Tregaskis-Sloan - resigned 14 October 2019

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the
financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law
the directors have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company
law the directors must not approve the financial statements unless they are satisfied that they give a true and
fair view of the state of affairs of the company and the group and of the profit or loss of the group for that
period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain
the company's and the group's transactions and disclose with reasonable accuracy at any time the financial
position of the company and the group and enable them to ensure that the financial statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Report of the Directors
for the Year Ended 31 December 2019


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the
Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps
that he or she ought to have taken as a director in order to make himself or herself aware of any relevant
audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, McCleary & Company Ltd, will be proposed for re-appointment at the forthcoming Annual
General Meeting.

ON BEHALF OF THE BOARD:





Mr James Brian Wilson - Director


8 September 2020

Page 4
Report of the Independent Auditors to the Members of
The Beeches Professional and Therapeutic
Services Limited

Opinion
We have audited the financial statements of The Beeches Professional and Therapeutic Services Limited (the
'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2019 which comprise the
Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet,
Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in
Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the
Financial Statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the
UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at
31 December 2019 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors'
responsibilities for the audit of the financial statements section of our report. We are independent of the
group in accordance with the ethical requirements that are relevant to our audit of the financial statements in
the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.

Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us
to report to you where:
- the directors' use of the going concern basis of accounting in the preparation of the financial statements is
not appropriate; or
- the directors have not disclosed in the financial statements any identified material uncertainties that may
cast significant doubt about the group's ability to continue to adopt the going concern basis of accounting
for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information
The directors are responsible for the other information. The other information comprises the information in
the Group Strategic Report and the Report of the Directors, but does not include the financial statements and
our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there is a material misstatement in the financial statements or a material misstatement of the other
information. If, based on the work we have performed, we conclude that there is a material misstatement of
this other information, we are required to report that fact. We have nothing to report in this regard.

Page 5
Report of the Independent Auditors to the Members of
The Beeches Professional and Therapeutic
Services Limited


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year
for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with
applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment
obtained in the course of the audit, we have not identified material misstatements in the Group Strategic
Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit
have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors
are responsible for the preparation of the financial statements and for being satisfied that they give a true and
fair view, and for such internal control as the directors determine necessary to enable the preparation of
financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent
company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern
and using the going concern basis of accounting unless the directors either intend to liquidate the group or
the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit
conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms
part of our Report of the Auditors.

Page 6
Report of the Independent Auditors to the Members of
The Beeches Professional and Therapeutic
Services Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's
members those matters we are required to state to them in a Report of the Auditors and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the
company and the company's members as a body, for our audit work, for this report, or for the opinions we
have formed.




John McCleary (Senior Statutory Auditor)
for and on behalf of McCleary & Company Ltd
Chartered Accountants and Registered Auditors
Ratheane House
32 Hillsborough Road
Lisburn
Co. Antrim
BT28 1AQ

8 September 2020


McCleary & Company Ltd.

Page 7
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Consolidated Income Statement
for the Year Ended 31 December 2019

31.12.19 31.12.18
Notes £    £   

TURNOVER 5,203,548 4,761,015

Distribution costs (3,277,668 ) (3,066,307 )
Administrative expenses (1,325,698 ) (1,191,326 )
600,182 503,382

Other operating income 20,941 24,000
OPERATING PROFIT 4 621,123 527,382

Interest receivable and similar income 8 -
621,131 527,382

Interest payable and similar expenses 5 (45,282 ) (47,128 )
PROFIT BEFORE TAXATION 575,849 480,254

Tax on profit 6 (133,696 ) (111,327 )
PROFIT FOR THE FINANCIAL
YEAR
442,153
368,927
Profit attributable to:
Owners of the parent 442,153 368,927

The notes form part of these financial statements

Page 8
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Consolidated Other Comprehensive Income
for the Year Ended 31 December 2019

31.12.19 31.12.18
Notes £    £   

PROFIT FOR THE YEAR 442,153 368,927


OTHER COMPREHENSIVE INCOME
Revaluation of property
Capital redemption reserve (237,053 ) -
Income tax relating to other
comprehensive income
-
-
OTHER COMPREHENSIVE
INCOME FOR THE YEAR, NET OF
INCOME TAX

(237,053

)

-
TOTAL COMPREHENSIVE
INCOME FOR THE YEAR
205,100
368,927

Total comprehensive income attributable to:
Owners of the parent 205,100 368,927

The notes form part of these financial statements

Page 9
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Consolidated Balance Sheet
31 December 2019

31.12.19 31.12.18
Notes £    £   
FIXED ASSETS
Tangible assets 9 6,283,812 6,478,710
Investments 10 - -
6,283,812 6,478,710

CURRENT ASSETS
Debtors 11 467,173 478,935
Cash at bank and in hand 436,385 951,910
903,558 1,430,845
CREDITORS
Amounts falling due within one year 12 (2,278,262 ) (2,865,028 )
NET CURRENT LIABILITIES (1,374,704 ) (1,434,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,909,108
5,044,527

CREDITORS
Amounts falling due after more than one
year
13
(675,536
)
(592,705
)

PROVISIONS FOR LIABILITIES 16 (481,280 ) (495,652 )
NET ASSETS 3,752,292 3,956,170

CAPITAL AND RESERVES
Called up share capital 17 520,348 523,762
Share premium 18 44,727 44,727
Revaluation reserve 18 2,175,878 2,185,136
Capital redemption reserve 18 3,414 -
Retained earnings 18 1,007,925 1,202,545
SHAREHOLDERS' FUNDS 3,752,292 3,956,170

The financial statements were approved and authorised for issue by the Board of Directors and authorised for
issue on 8 September 2020 and were signed on its behalf by:



Mr James Brian Wilson - Director


The notes form part of these financial statements

Page 10
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Company Balance Sheet
31 December 2019

31.12.19 31.12.18
Notes £    £   
FIXED ASSETS
Tangible assets 9 6,012,664 6,199,617
Investments 10 142,733 142,733
6,155,397 6,342,350

CURRENT ASSETS
Debtors 11 584,155 595,917
Cash at bank and in hand 436,385 946,851
1,020,540 1,542,768
CREDITORS
Amounts falling due within one year 12 (2,228,670 ) (2,796,737 )
NET CURRENT LIABILITIES (1,208,130 ) (1,253,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,947,267
5,088,381

CREDITORS
Amounts falling due after more than one
year
13
(675,536
)
(592,705
)

PROVISIONS FOR LIABILITIES 16 (474,450 ) (487,616 )
NET ASSETS 3,797,281 4,008,060

The notes form part of these financial statements

Page 11 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Company Balance Sheet - continued
31 December 2019

31.12.19 31.12.18
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 17 520,348 523,762
Share premium 18 44,727 44,727
Revaluation reserve 18 2,028,139 2,037,397
Capital redemption reserve 18 3,414 -
Retained earnings 18 1,200,653 1,402,174
SHAREHOLDERS' FUNDS 3,797,281 4,008,060

Company's profit for the financial year 435,252 359,762


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





Mr James Brian Wilson - Director


The notes form part of these financial statements

Page 12
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2019

Called up
share Retained Share
capital earnings premium
£    £    £   

Balance at 1 January 2018 523,762 1,254,360 44,727

Changes in equity
Dividends - (430,000 ) -
Total comprehensive income - 378,185 -
Balance at 31 December 2018 523,762 1,202,545 44,727

Changes in equity
Issue of share capital (3,414 ) - -
Dividends - (405,564 ) -
Total comprehensive income - 210,944 -
Balance at 31 December 2019 520,348 1,007,925 44,727
Capital
Revaluation redemption Total
reserve reserve equity
£    £    £   

Balance at 1 January 2018 2,194,394 - 4,017,243

Changes in equity
Dividends - - (430,000 )
Total comprehensive income (9,258 ) - 368,927
Balance at 31 December 2018 2,185,136 - 3,956,170

Changes in equity
Issue of share capital - - (3,414 )
Dividends - - (405,564 )
Total comprehensive income (9,258 ) 3,414 205,100
Balance at 31 December 2019 2,175,878 3,414 3,752,292

The notes form part of these financial statements

Page 13
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Company Statement of Changes in Equity
for the Year Ended 31 December 2019

Called up
share Retained Share
capital earnings premium
£    £    £   

Balance at 1 January 2018 523,762 1,463,154 44,727

Changes in equity
Dividends - (430,000 ) -
Total comprehensive income - 369,020 -
Balance at 31 December 2018 523,762 1,402,174 44,727

Changes in equity
Issue of share capital (3,414 ) - -
Dividends - (405,564 ) -
Total comprehensive income - 204,043 -
Balance at 31 December 2019 520,348 1,200,653 44,727
Capital
Revaluation redemption Total
reserve reserve equity
£    £    £   

Balance at 1 January 2018 2,046,655 - 4,078,298

Changes in equity
Dividends - - (430,000 )
Total comprehensive income (9,258 ) - 359,762
Balance at 31 December 2018 2,037,397 - 4,008,060

Changes in equity
Issue of share capital - - (3,414 )
Dividends - - (405,564 )
Total comprehensive income (9,258 ) 3,414 198,199
Balance at 31 December 2019 2,028,139 3,414 3,797,281

The notes form part of these financial statements

Page 14
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Consolidated Cash Flow Statement
for the Year Ended 31 December 2019

31.12.19 31.12.18
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 817,895 737,025
Interest paid (44,848 ) (44,163 )
Interest element of hire purchase
payments paid
(434
)
(2,965
)
Tax paid (120,349 ) (112,906 )
Net cash from operating activities 652,264 576,991

Cash flows from investing activities
Purchase of tangible fixed assets (21,376 ) (115,871 )
Interest received 8 -
Net cash from investing activities (21,368 ) (115,871 )

Cash flows from financing activities
New loans in year 131,185 89,970
Loan repayments in year (5,685 ) (65,178 )
Capital repayments in year (3,680 ) (13,936 )
Amount introduced by directors 415,557 443,740
Amount withdrawn by directors (493,474 ) (437,517 )
Share issue (3,414 ) -
Share buyback (237,053 ) -
Equity dividends paid (405,564 ) (430,000 )
Net cash from financing activities (602,128 ) (412,921 )

Increase in cash and cash equivalents 28,768 48,199
Cash and cash equivalents at
beginning of year
2
(492,141
)
(540,340
)

Cash and cash equivalents at end of
year
2
(463,373
)
(492,141
)

The notes form part of these financial statements

Page 15
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 December 2019

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
31.12.19 31.12.18
£    £   
Profit before taxation 575,849 480,254
Depreciation charges 216,273 233,467
Finance costs 45,282 47,128
Finance income (8 ) -
837,396 760,849
Decrease/(increase) in trade and other debtors 11,762 (36,585 )
(Decrease)/increase in trade and other creditors (31,263 ) 12,761
Cash generated from operations 817,895 737,025

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in
respect of these Balance Sheet amounts:

Year ended 31 December 2019
31.12.19 1.1.19
£    £   
Cash and cash equivalents 436,385 951,910
Bank overdrafts (899,758 ) (1,444,051 )
(463,373 ) (492,141 )
Year ended 31 December 2018
31.12.18 1.1.18
£    £   
Cash and cash equivalents 951,910 2,696,732
Bank overdrafts (1,444,051 ) (3,237,072 )
(492,141 ) (540,340 )


The notes form part of these financial statements

Page 16
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 December 2019

3. ANALYSIS OF CHANGES IN NET DEBT

At 1.1.19 Cash flow At 31.12.19
£    £    £   
Net cash
Cash at bank and in hand 951,910 (515,525 ) 436,385
Bank overdrafts (1,444,051 ) 544,293 (899,758 )
(492,141 ) 28,768 (463,373 )
Debt
Finance leases (8,458 ) 3,680 (4,778 )
Debts falling due within 1 year (102,950 ) (43,351 ) (146,301 )
Debts falling due after 1 year (592,705 ) (82,148 ) (674,853 )
(704,113 ) (121,819 ) (825,932 )
Total (1,196,254 ) (93,051 ) (1,289,305 )

The notes form part of these financial statements

Page 17
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2019

1. STATUTORY INFORMATION

The Beeches Professional and Therapeutic Services Limited is a private company, limited by shares ,
registered in Northern Ireland. The company's registered number and registered office address can be
found on the General 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" 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 represents the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods and services falling within the company's ordinary activities.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated
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.

Page 18 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's
pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
31.12.19 31.12.18
£    £   
Wages and salaries 3,025,715 2,784,426
Social security costs 198,245 186,995
Other pension costs 50,449 54,209
3,274,409 3,025,630

The average number of employees during the year was as follows:
31.12.19 31.12.18

Administration and support 192 188

The average number of employees by undertakings that were proportionately consolidated during the
year was 192 (2018 - 188 ) .

31.12.19 31.12.18
£    £   
Directors' remuneration 213,945 201,869
Compensation to director for loss of office 30,000 -

Information regarding the highest paid director is as follows:
31.12.19 31.12.18
£    £   
Emoluments etc 50,288 49,437

Page 19 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.19 31.12.18
£    £   
Depreciation - owned assets 216,274 233,467
Auditors' remuneration 20,232 19,626

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.12.19 31.12.18
£    £   
Bank interest - 1
Loan interest 37,429 32,960
Other interest - 2,269
Interest payable 7,419 8,933
Hire purchase 434 2,965
45,282 47,128

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.19 31.12.18
£    £   
Current tax:
Tax 148,068 120,349

Deferred tax (14,372 ) (9,022 )
Tax on profit 133,696 111,327

Tax effects relating to effects of other comprehensive income

31.12.19
Gross Tax Net
£    £    £   
Revaluation of property
Capital redemption reserve (237,053 ) - (237,053 )
(237,053 ) - (237,053 )


Page 20 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

6. TAXATION - continued
31.12.18
Gross Tax Net
£    £    £   
Revaluation of property

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent
company is not presented as part of these financial statements.


8. DIVIDENDS
31.12.19 31.12.18
£    £   
Ordinary A shares of £1 each
Interim 92,252 92,252
Ordinary B shares of £1 each
Interim 92,252 92,252
Ordinary C shares of £1 each
Interim 62,096 62,096
Ordinary D shares of £1 each
Interim 27,120 51,556
Ordinary E shares of £1 each
Interim 65,922 65,922
Ordinary F shares of £1 each
Interim 65,922 65,922
405,564 430,000

Page 21 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

9. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 January 2019 6,551,644 105,934 2,073,024
Additions 21,376 - -
At 31 December 2019 6,573,020 105,934 2,073,024
DEPRECIATION
At 1 January 2019 634,505 73,450 1,558,198
Charge for year 126,557 8,121 77,225
At 31 December 2019 761,062 81,571 1,635,423
NET BOOK VALUE
At 31 December 2019 5,811,958 24,363 437,601
At 31 December 2018 5,917,139 32,484 514,826

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2019 39,594 111,436 8,881,632
Additions - - 21,376
At 31 December 2019 39,594 111,436 8,903,008
DEPRECIATION
At 1 January 2019 27,065 109,704 2,402,922
Charge for year 3,132 1,239 216,274
At 31 December 2019 30,197 110,943 2,619,196
NET BOOK VALUE
At 31 December 2019 9,397 493 6,283,812
At 31 December 2018 12,529 1,732 6,478,710

Page 22 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

9. TANGIBLE FIXED ASSETS - continued

Group

Cost or valuation at 31 December 2019 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2017 (153,079 ) - -
Valuation in 2015 1,301,811 - -
Cost 5,424,288 105,934 2,073,024
6,573,020 105,934 2,073,024

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2017 - - (153,079 )
Valuation in 2015 - - 1,301,811
Cost 39,594 111,436 7,754,276
39,594 111,436 8,903,008

Company
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 January 2019 6,311,644 105,934 1,977,710
Additions 21,376 - -
At 31 December 2019 6,333,020 105,934 1,977,710
DEPRECIATION
At 1 January 2019 631,305 73,450 1,505,177
Charge for year 124,957 8,121 70,880
At 31 December 2019 756,262 81,571 1,576,057
NET BOOK VALUE
At 31 December 2019 5,576,758 24,363 401,653
At 31 December 2018 5,680,339 32,484 472,533

Page 23 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

9. TANGIBLE FIXED ASSETS - continued

Company

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2019 39,594 111,436 8,546,318
Additions - - 21,376
At 31 December 2019 39,594 111,436 8,567,694
DEPRECIATION
At 1 January 2019 27,065 109,704 2,346,701
Charge for year 3,132 1,239 208,329
At 31 December 2019 30,197 110,943 2,555,030
NET BOOK VALUE
At 31 December 2019 9,397 493 6,012,664
At 31 December 2018 12,529 1,732 6,199,617

Cost or valuation at 31 December 2019 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2015 1,301,811 - -
Cost 5,031,209 105,934 1,977,710
6,333,020 105,934 1,977,710

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2015 - - 1,301,811
Cost 39,594 111,436 7,265,883
39,594 111,436 8,567,694

Page 24 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

10. FIXED ASSET INVESTMENTS

Company
Unlisted
investments
£   
COST OR VALUATION
At 1 January 2019
and 31 December 2019 142,733
NET BOOK VALUE
At 31 December 2019 142,733
At 31 December 2018 142,733

Cost or valuation at 31 December 2019 is represented by:

Shares in
group Unlisted
undertakings investments Totals
£    £    £   
Valuation in 2017 (100 ) (147,639 ) (147,739 )
Cost 100 290,372 290,472
- 142,733 142,733

The group or the company's investments at the Balance Sheet date in the share capital of companies
include the following:

Subsidiaries

The Beeches Property Limited- 01192353 (England and Wales)
Registered office: 49 Station Road, Polegate, East Sussex BN26 6EA
Nature of business: Property rental
%
Class of shares: holding
Ordinary 100.00
31.12.19 31.12.18
£    £   
Aggregate capital and reserves 153,665 150,350
Profit for the year 3,315 7,617

The Beeches Property Limited is exempt from the requirements of the Companies Act 2006 relating
to the audit of the accounts under section 479A of the Companies Act 2006.

Page 25 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

10. FIXED ASSET INVESTMENTS - continued

The Beeches Catering Services Ltd - NI037734 (Northern Ireland)
Registered office: 41 Lisburn Road, Ballynahinch,Co Down, BT24 8TT
Nature of business: Rental
%
Class of shares: holding
Ordinary 100.00
31.12.19 31.12.18
£    £   
Aggregate capital and reserves (55,921 ) (59,508 )
Profit for the year 3,587 1,548

The Beeches Catering Services Limited is exempt from the requirements of the Companies Act 2006
relating to the audit of the accounts under section 479A of the Companies Act 2006.


11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.19 31.12.18 31.12.19 31.12.18
£    £    £    £   
Trade debtors 110,401 123,550 110,401 123,550
Amounts owed by group undertakings - - 116,982 116,982
Other debtors 332,457 331,514 332,457 331,514
Prepayments and accrued income 24,315 23,871 24,315 23,871
467,173 478,935 584,155 595,917

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.19 31.12.18 31.12.19 31.12.18
£    £    £    £   
Bank loans and overdrafts (see note 14) 1,046,059 1,542,414 1,054,666 1,541,316
Other loans (see note 14) - 4,587 - 4,587
Hire purchase contracts (see note 15) 4,095 8,458 4,095 8,458
Trade creditors 176,541 218,895 176,541 218,895
Tax 148,068 120,349 144,863 116,406
VAT 2,632 6,158 50 50
Other creditors 453,377 453,292 438,377 438,292
Other creditors 37,871 33,818 37,871 33,818
Directors' current accounts 265,350 343,267 231,223 305,670
Accrued expenses 144,269 133,790 140,984 129,245
2,278,262 2,865,028 2,228,670 2,796,737

Page 26 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Group Company
31.12.19 31.12.18 31.12.19 31.12.18
£    £    £    £   
Bank loans (see note 14) 674,853 592,705 674,853 592,705
Hire purchase contracts (see note 15) 683 - 683 -
675,536 592,705 675,536 592,705

14. LOANS

An analysis of the maturity of loans is given below:

Group Company
31.12.19 31.12.18 31.12.19 31.12.18
£    £    £    £   
Amounts falling due within one year or
on demand:
Bank overdrafts 899,758 1,444,051 908,365 1,444,051
Bank loans 146,301 98,363 146,301 97,265
Other loans - 4,587 - 4,587
1,046,059 1,547,001 1,054,666 1,545,903
Amounts falling due between two and
five years:
Bank loans - 2-5 years 674,853 592,705 674,853 592,705

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
31.12.19 31.12.18
£    £   
Net obligations repayable:
Within one year 4,095 8,458
Between one and five years 683 -
4,778 8,458

Page 27 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

15. LEASING AGREEMENTS - continued

Company
Hire purchase contracts
31.12.19 31.12.18
£    £   
Net obligations repayable:
Within one year 4,095 8,458
Between one and five years 683 -
4,778 8,458

16. PROVISIONS FOR LIABILITIES

Group Company
31.12.19 31.12.18 31.12.19 31.12.18
£    £    £    £   
Deferred tax
Accelerated capital allowances 48,468 60,668 41,638 52,632
Other timing differences 432,812 434,984 432,812 434,984
481,280 495,652 474,450 487,616

Group
Deferred
tax
£   
Balance at 1 January 2019 495,652
Accelerated capital allowance (12,200 )
Other timing differences (2,172 )
Balance at 31 December 2019 481,280

Company
Deferred
tax
£   
Balance at 1 January 2019 487,616
Provided during year (13,166 )
Balance at 31 December 2019 474,450

Recognised deferred tax assets, as indicated by balances shown within brackets above, are included in
Other debtors.

Page 28 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.19 31.12.18
value: £    £   
20,000 Ordinary A £1 20,000 20,000
20,000 Ordinary B £1 20,000 20,000
20,000 Ordinary C £1 20,000 20,000
1,848 Ordinary D £1 1,848 5,262
5,000 Ordinary E £1 5,000 5,000
3,500 Ordinary F £1 3,500 3,500
450,000 Preference Shares £1 450,000 450,000
520,348 523,762

18. RESERVES

Group
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 January 2019 1,202,545 44,727 2,185,136 - 3,432,408
Profit for the year 442,153 442,153
Dividends (405,564 ) (405,564 )
Purchase of own shares (240,467 ) - - 3,414 (237,053 )
Revaluation of property 9,258 - (9,258 ) - -
At 31 December 2019 1,007,925 44,727 2,175,878 3,414 3,231,944

Company
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 January 2019 1,402,174 44,727 2,037,397 - 3,484,298
Profit for the year 435,252 435,252
Dividends (405,564 ) (405,564 )
Purchase of own shares (240,467 ) - - 3,414 (237,053 )
Revaluation of property 9,258 - (9,258 ) - -
At 31 December 2019 1,200,653 44,727 2,028,139 3,414 3,276,933


Page 29 continued...
The Beeches Professional and Therapeutic
Services Limited (Registered number: NI028742)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2019

19. RELATED PARTY DISCLOSURES

The following related party transactions existed during the year:
















Management Charges
& Rent Paid to The
Beeches Professional
& Therapeutic
Services Ltd





Purchases Paid by The
Beeches Professional
& Therapeutic
Services Ltd



Trade Balances
Due to The
Beeches
Professional &
Therapeutic
Services Ltd		 Loan
Balances
Due to
The
Beeches
Profession
al &
Therapeuti
c Services
Ltd

Transactions with
other Related Parties
£36,838
Nil
£36.838
(£37,871
)


Management charges and rent charged to related parties were undertaken in the normal course of
business at commercial rates.

Included in other debtors is a loan to Blush Boutique Limited of £250,000 which was outstanding
throughout the year

No interest was charged on loans to other group companies or other related parties.

During the year the Company purchased 3414 of its own ordinary £1 shares from Mrs Diane
Tregaskis-Sloan a director of the Company. This represented 5% of the ordinary share capital. The
total sum paid was £240,467 including stamp duty and the £3414 nominal value was transferred to a
capital redemption reserve.
The purchase was made out of distributable reserves under the authority of a Statutory Declaration
signed by the Directors.

Page 30