Cherry Tree Care Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05093226 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2019

FOR

CHERRY TREE CARE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Somani

REGISTERED OFFICE:

69 Station Road

Countesthorpe

Leicester

LE8 5TB

REGISTERED NUMBER:

05093226 (England and Wales)

ACCOUNTANTS:

Watergates Ltd

109 Coleman Road

Leicester

LE5 4LE

FIXED ASSETS

Tangible assets

4

174,925

252,000

CURRENT ASSETS

Debtors

5

21,576

40,858

Cash at bank and in hand

108,986

144,144

130,562

185,002

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

(124,890

)

(129,009

)

NET CURRENT ASSETS

5,672

55,993

TOTAL ASSETS LESS CURRENT LIABILITIES

180,597

307,993

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

(72,865

)

(156,124

)

PROVISIONS FOR LIABILITIES

(29,541

)

(39,200

)

NET ASSETS

78,191

112,669

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

78,189

112,667

SHAREHOLDERS' FUNDS

78,191

112,669

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st December 2020 and were signed by:

Mr N Somani - Director

1.	STATUTORY INFORMATION

Cherry Tree Care 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Leasehold property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 32 (2018 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1st January 2019

and 31st December 2019

490,119

44,559

534,678

DEPRECIATION

At 1st January 2019

247,314

35,364

282,678

Charge for year

67,880

9,195

77,075

At 31st December 2019

315,194

44,559

359,753

NET BOOK VALUE

At 31st December 2019

174,925

-

174,925

At 31st December 2018

242,805

9,195

252,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Trade debtors

19,929

36,973

Other debtors

1,647

3,885

21,576

40,858

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Trade creditors

33,404

11,065

Taxation and social security

23,858

6,757

Other creditors

67,628

111,187

124,890

129,009

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/19

31/12/18

£

£

Other creditors

72,865

156,124

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/19

31/12/18

value:

£

£

2

Ordinary

£1

2

2

9.	CONTINGENT LIABILITIES

Cherry Tree Care Limited is subject to a composite guarantee with all group companies in favour of the bank. Security is by way of fixed and floating charges over group assets.

10.	TRANSACTIONS WITH DIRECTORS

At the year end the company owed the director £72,865 (2018: £156,124).

The balance is interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

Kara Property Ltd is regarded by the director as being the Company's ultimate parent company, a company registered in England and Wales.