Hampton (Midland Care) Limited Filleted accounts for Companies House (small and micro)

HAMPTON (MIDLAND CARE) LTD - Company Information

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COMPANY REGISTRATION NUMBER: 10800654

Hampton (Midland Care) Limited

Filleted Financial Statements

For the year ended

31 December 2019

Hampton (Midland Care) Limited

Statement of Financial Position

31 December 2019

	2019	2018
Note	£	£

Fixed assets

Tangible assets	5	295,269	360,524

Current assets

Debtors	6	344,424	277,140
Cash at bank and in hand		31	270,705
		---------	---------
		344,455	547,845

Creditors: amounts falling due within one year	7	1,027,343	835,956
		------------	---------
Net current liabilities		682,888	288,111
		---------	---------
Total assets less current liabilities		( 387,619)	72,413

Provisions	14,507	14,507
	---------	--------
Net (liabilities)/assets	( 402,126)	57,906
	---------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 402,226)	57,806
	---------	--------
Shareholders (deficit)/funds	( 402,126)	57,906
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 27 November 2020 , and are signed on behalf of the board by:

K U S Sehmi

Director

Company registration number: 10800654

Hampton (Midland Care) Limited

Notes to the Financial Statements

Year ended 31 December 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 369 Wellingborough Road, Northampton, NN1 4EU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Going concern

Subsequent to the year-end, the UK has experienced a pandemic of the coronavirus. The potential effects to the company and its future prospects cannot be fully quantified but the directors remain committed to the protection of the business. This is being regularly reviewed by the directors. In addition the directors are mindful of the significant ongoing support being offered by the Government. In addition, the company has a made a loss during the year resulting in the balance sheet showing net liabilities as at the reporting date. Support is available by other group companies, who have indicated that they will support the company for the foreseeable future. The directors, having considered the above, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental income, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Assets leased to third parties under operating leases are included in property, plant and equipment. Rents receivable from operating leaes are credited to the Statement of Comprehensive Income in accordance with the terms of the lease.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	15% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 69 (2018: 61 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2019	18,305	429,127	447,432
Additions	–	3,200	3,200
	--------	---------	---------
At 31 December 2019	18,305	432,327	450,632
	--------	---------	---------
Depreciation
At 1 January 2019	3,389	83,519	86,908
Charge for the year	3,729	64,726	68,455
	--------	---------	---------
At 31 December 2019	7,118	148,245	155,363
	--------	---------	---------
Carrying amount
At 31 December 2019	11,187	284,082	295,269
	--------	---------	---------
At 31 December 2018	14,916	345,608	360,524
	--------	---------	---------

6. Debtors

	2019	2018
	£	£
Trade debtors	30,898	91,610
Amounts owed by group undertakings and undertakings in which the company has a participating interest	286,432	98,440
Other debtors	27,094	87,090
	---------	---------
	344,424	277,140
	---------	---------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Bank loans and overdrafts	91,752	–
Trade creditors	99,814	122,639
Amounts owed to group undertakings and undertakings in which the company has a participating interest	684,877	551,414
Social security and other taxes	19,280	22,478
Other creditors	131,620	139,425
	------------	---------
	1,027,343	835,956
	------------	---------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2019	2018
	£	£
Not later than 1 year	338,000	338,000
Later than 1 year and not later than 5 years	1,352,000	1,352,000
Later than 5 years	5,999,500	6,337,500
	------------	------------
	7,689,500	8,027,500
	------------	------------

9. Contingencies

The company has provided cross guarantees for certain other group companies.

10. Summary audit opinion

The auditor's report for the year dated 27 November 2020 was unqualified.

The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .

11. Related party transactions

Exemption is taken from disclosing group related party transactions as set out in FRS 102 section 1A.

12. Controlling party

The company is a wholly owned subsidiary of Hampton (Midland) Limited , a company registered in England and Wales. The ultimate controlling party is Rochmills (Holdings) Limited, a company registered in England and Wales. Rochmills (Holdings) Limited prepare group consolidated financial statements. The address of the registered office is Burlington House, 369 Wellingborough Road, Northampton, England, NN1 4EU. The ultimate controlling party is J S Sehmi.