NEW_MILTON_CARE_HOME_HOLD - Accounts

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

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

New Milton Care Home Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old House, 64 The Avenue, Egham, TW20 9AD.

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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Investments held as fixed assets are shown at cost less provision for impairment.

During the current and preceding accounting periods, the average monthly number of staff employed by the company was nil.

On 17 December 2020, the company issued 1 further Ordinary share of £1 to its parent, Cinnamon Care Homes LP, in exchange for 100% of the issued share capital of New Milton Care Home Limited.

Details of the company's subsidiaries at 31 March 2021 are as follows:

On 17 December 2020, the company issued 1 further Ordinary share of £1 to its parent, Cinnamon Care Homes LP, in exchange for 100% of the issued share capital of New Milton Care Home Limited.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The activities of the group headed by New Milton Care Home Holdings Limited are funded by Cinnamon Finance Company Limited, a fellow member of the group headed by Cinnamon Care Homes LP. Funds are advanced from Cinnamon Finance Company Limited to the company, which then loans on in turn to its subsidiary undertakings.

On 17 December 2020, the date the company acquired the share capital of New Milton Care Home Limited, that company owed £4,184,593 with associated notional interest of £113,000 to Cinnamon Finance Company Limited. With effect from the date of the acquisition, this loan and associated notional interest was amended such that it flows through the company.

At the balance sheet date, the company was owed £4,184,593 (2020: £nil) by New Milton Care Home Limited and £413,262 (2020: £9,068) by New Milton Care Limited, and owed £4,601,588 (2020: £10,748) to Cinnamon Finance Company Limited. The balances are interest free and repayable on demand, however in view of the longer term nature of the advances they have been classified as falling due after more than one year.

Notional interest in the sum of £123,000 (2020: £nil) has been recognised on the amount due from New Milton Care Home Limited as required by FRS 102, and is presented in other debtors falling due after more than one year. The settlement of such interest is subordinated to the advances received from external funders. Notional interest charges between fellow subsidiary undertakings as required by FRS 102 have been disregarded in the prior year on the grounds of materiality.

Notional finance charges on interest free advances from Cinnamon Finance Company Limited have been accrued where material, as required by FRS 102, and are presented in other creditors falling due after more than one year in the sum of £123,000 (2020: £nil). The settlement of such interest is subordinated to advances from external funders.