BERKLEY_CARE_(BRISTOL)_LI - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Berkley Care (Bristol) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Elm Place, Old Witney Road, Eynsham, Witney, Oxfordshire, OX29 4BD.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The average monthly number of persons (including directors) employed by the company during the year was:

The long-term loans are secured by fixed charges over the land and a floating charge covering all the property or undertaking of the company.

At the period end, the company owed Lawrence Baker Limited £809,626 (2019: £1,941,286). Two of the directors of the company are also directors of Lawrence Baker Limited.

At the period end, the company owed Berkley Care (Warwick) Limited £207 (2019: £nil). All of the directors of the company were also directors of Berkley Care (Warwick) Limited until 19 December 2019.

At the period end, a director was owed £96,981 by the company (2019: £1,027,212 owed by the director). This amount is included in Other creditors. During the year the director repaid £1,150,000 to the company. Interest of £25,807 is included in this amount, charged at HMRC's official rate of 3.5%. There is no repayment date, however it is repayable on demand.

The ultimate controlling parties are James Anthony Halton and Paul John Dixon by virtue of their majority shareholdings.