Uplands Care Centre Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09234553 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Uplands Care Centre Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

A Soni

Ms S Devakumar

Dr Y P Soni

P Vettivetpillai

Ms M Vettivetpillai

Registered office:

Mandeville House

45/47 Tudor Road

Harrow

Middlesex

HA3 5PQ

Registered number:

09234553 (England and Wales)

Assets

Fixed assets

Intangible assets

4

139,635

179,530

Tangible assets

5

(1,832

)

19,578

137,803

199,108

Current assets

Debtors

6

646,234

647,669

Cash at bank and in hand

3,860

9,122

650,094

656,791

787,897

855,899

Capital, reserves and liabilities

Capital and reserves

Called up share capital

1,000

1,000

Share premium

9,000

9,000

Retained earnings

(217,814

)

(59,106

)

(207,814

)

(49,106

)

Provisions for liabilities

10,143

10,143

Creditors

7

985,568

894,862

787,897

855,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 June 2021 and were signed on its behalf by:

A Soni - Director

1.	Statutory information

Uplands Care Centre 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Plant and machinery etc

-

Straight line over 5 years

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.

3.	Employees and directors

The average number of employees during the year was 35 (2019 - 35 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2019

and 31 March 2020

398,955

Amortisation

At 1 April 2019

219,425

Charge for year

39,895

At 31 March 2020

259,320

Net book value

At 31 March 2020

139,635

At 31 March 2019

179,530

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2019

and 31 March 2020

107,051

Depreciation

At 1 April 2019

87,473

Charge for year

21,410

At 31 March 2020

108,883

Net book value

At 31 March 2020

(1,832

)

At 31 March 2019

19,578

6.

Debtors

31.3.20

31.3.19

as restated

£

£

Amounts falling due within one year:

Trade debtors

11,361

16,296

Other debtors

88,608

88,608

99,969

104,904

31.3.20

31.3.19

as restated

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

546,265

542,765

Aggregate amounts

646,234

647,669

7.

Creditors

31.3.20

31.3.19

as restated

£

£

Amounts falling due within one year:

Trade creditors

39,781

29,063

Taxation and social security

67,791

50,482

Other creditors

118,455

79,276

226,027

158,821

Amounts falling due after more than one year:

Amounts owed to participating interests

544,682

521,182

Other creditors

214,859

214,859

759,541

736,041

Aggregate amounts

985,568

894,862

8.	Related party disclosures

An amount of £179,659 (2019: £214,000) is owed to a director of the company. It is payable on demand, There are no gurantees or provisions for collectively for the amounts outstanding.

UCC's parent company is owed £544,681.68 (2019: £505,182) for accrued management expenses and loans repayable on demand. There are no gurantees or provisions for collectability for the amounts outstanding.

9.	Ultimate controlling party

The company is a subsidiary of MGV Capital Limited, a UK incorporated company, which in turn is a subsidiary of MGV Investments (BVI) Limited, incorporated in the British Virgin Islands, with the ultimate controlling party being MGV Trust created in accordance with the laws of the Island of Jersey.