Redhouse Care Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08098544 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

REDHOUSE CARE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B S Sanghera

REGISTERED OFFICE:

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

REGISTERED NUMBER:

08098544 (England and Wales)

ACCOUNTANTS:

The Carley Partnership

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

FIXED ASSETS

Intangible assets

2

690,000

920,000

Tangible assets

3

1,088,385

1,094,760

1,778,385

2,014,760

CURRENT ASSETS

Debtors

232,937

39,260

Cash at bank

123,259

261,452

356,196

300,712

CREDITORS

Amounts falling due within one year

4

171,720

758,211

NET CURRENT ASSETS/(LIABILITIES)

184,476

(457,499

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,962,861

1,557,261

CREDITORS

Amounts falling due after more than one year

4

(1,769,355

)

(1,482,020

)

PROVISIONS FOR LIABILITIES

(21,875

)

(12,720

)

NET ASSETS

171,631

62,521

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

171,531

62,421

SHAREHOLDERS' FUNDS

171,631

62,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 June 2015 and were signed by:

B S Sanghera - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value of services provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Freehold and leasehold land and buildings are not depreciated. This represents a departure from the provisions of

the Companies Act 2006. The company has a policy and practice of regular maintenance and repair, the charges

for which are recognised in the profit and loss account as incurred. The company believes that such a policy

ensures that the estimated residual values of its properties at the balance sheet date are maintained at levels not

materially different from the carrying amount of the assets. As such, no depreciation charge is made on the

grounds that any such charge would be immaterial.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

1,150,000

AMORTISATION

At 1 October 2013

230,000

Amortisation for year

230,000

At 30 September 2014

460,000

NET BOOK VALUE

At 30 September 2014

690,000

At 30 September 2013

920,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

1,102,260

DEPRECIATION

At 1 October 2013

7,500

Charge for year

6,375

At 30 September 2014

13,875

NET BOOK VALUE

At 30 September 2014

1,088,385

At 30 September 2013

1,094,760

4.

CREDITORS

Creditors include an amount of £ 1,841,244 (2013 - £ 1,522,584 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

1,462,301

1,305,262

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100