RMH (Manor House) Care LLP - LLP accounts 20.1
RMH (Manor House) Care LLP - LLP accounts 20.1
REGISTERED NUMBER: |
| RMH (Manor House) Care LLP |
| Report of the Members and |
| Financial Statements for the Year Ended 31 March 2020 |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Contents of the Financial Statements |
for the Year Ended 31 March 2020 |
Page |
General Information | 1 |
Report of the Members | 2 |
Report of the Independent Auditors | 4 |
Income Statement | 6 |
Other Comprehensive Income | 7 |
Statement of Financial Position | 8 |
Reconciliation of Members' Interests | 9 |
Statement of Cash Flows | 11 |
Notes to the Statement of Cash Flows | 12 |
Notes to the Financial Statements | 14 |
RMH (Manor House) Care LLP |
General Information |
for the Year Ended 31 March 2020 |
Designated members: |
Registered office: |
Registered number: |
Auditors: |
Chartered Accountants and Registered Auditor |
10 Bridge Street |
Christchurch |
Dorset |
BH23 1EF |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Report of the Members |
for the Year Ended 31 March 2020 |
The members present their report with the financial statements of the LLP for the year ended 31 March 2020. |
Principal activity |
| The principal activity of the LLP in the year under review was that of ownership and operation of a care home. |
Events since the end of the year |
Information relating to events since the end of the year is given in the notes to the financial statements. |
Designated members |
The designated members during the year under review were: |
Results for the year and allocation to members |
The profit for the year before members' remuneration and profit shares was £101,359 (2019 - £143,193 profit). |
Members' interests |
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP. |
New members are required to subscribe a minimum level of capital. In addition each member is required to provide loan facilities to the business to meet its cashflow needs. On retirement, capital is repaid to members. |
Statement of members' responsibilities |
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations. |
Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business. |
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Report of the Members |
for the Year Ended 31 March 2020 |
Statement as to disclosure of information to auditors |
| So far as the members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he ought to have taken as a member in order to make himself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information. |
On behalf of the members: |
Mr D Robbins for and on behalf of |
Designated member |
Report of the Independent Auditors to the Members of |
RMH (Manor House) Care LLP |
Opinion |
| We have audited the financial statements of RMH (Manor House) Care LLP (the 'LLP') for the year ended 31 March 2020 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Reconciliation of Members' Interests, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the LLP's affairs as at 31 March 2020 and of its profit for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. |
Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
Conclusions relating to going concern |
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: |
- | the members' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or |
- | the members have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the LLP's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. |
Other information |
The members are responsible for the other information. The other information comprises the information in the Report of the Members, but does not include the financial statements and our Report of the Auditors thereon. |
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
Matters on which we are required to report by exception |
We have nothing to report in respect of the following matters where the Companies Act 2006 as applied to LLPs requires us to report to you if, in our opinion: |
- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | we have not received all the information and explanations we require for our audit. |
Report of the Independent Auditors to the Members of |
RMH (Manor House) Care LLP |
Responsibilities of members |
As explained more fully in the Statement of Members' Responsibilities set out on page two, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so. |
Auditors' responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
Use of our report |
This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Chartered Accountants and Registered Auditor |
10 Bridge Street |
Christchurch |
Dorset |
BH23 1EF |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Income Statement |
for the Year Ended 31 March 2020 |
2020 | 2019 |
Notes | £ | £ |
Turnover |
Cost of sales |
Gross profit |
Administrative expenses |
Operating profit | 4 |
Interest payable and similar expenses | 5 |
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Other Comprehensive Income |
for the Year Ended 31 March 2020 |
2020 | 2019 |
Notes | £ | £ |
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
Other comprehensive income | - | - |
Total comprehensive income for the year |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Statement of Financial Position |
31 March 2020 |
2020 | 2019 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 7 |
Current assets |
Stocks | 8 |
Debtors | 9 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 10 |
Net current liabilities | ( | ) | ( | ) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 11 |
Net assets attributable to members | 2,142,144 | 2,131,230 |
Loans and other debts due to members | 15 | 1 | 1 |
Members' other interests |
Capital accounts | 5,764,567 | 5,855,012 |
Other reserves | 16 | ( | ) | ( | ) |
2,142,144 | 2,131,230 |
Total members' interests |
Loans and other debts due to members | 15 | 1 | 1 |
Members' other interests | 2,142,143 | 2,131,229 |
2,142,144 | 2,131,230 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Mr D Robbins for and on behalf of Designated member |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Reconciliation of Members' Interests |
for the Year Ended 31 March 2020 |
EQUITY |
Members' other interests |
Members' |
capital |
(classified |
as | Other |
equity) | reserves | Total |
£ | £ | £ |
Balance at 1 April 2019 | 5,855,012 | (3,723,783 | ) | 2,131,229 |
Profit for the financial year available for discretionary division among members | - | 101,359 | 101,359 |
Members' interests after profit for the year | 5,855,012 | (3,622,424 | ) | 2,232,588 |
Other divisions of profit | - | (101,359 | ) | (101,359 | ) |
Profit / (loss) for the |
financial year available for |
discretionary division | - | 101,359 | 101,359 |
Repayments of capital | (90,445 | ) | - | (90,445 | ) |
Reclassifications | - | - | - |
Balance at 31 March 2020 | 5,764,567 | (3,622,424 | ) | 2,142,143 |
DEBT | TOTAL |
Loans and other debts due to | MEMBERS' |
members less any amounts due | INTERESTS |
from members in debtors |
Other |
amounts | Total |
£ | £ |
Amount due to members | 1 |
Amount due from members | - |
Balance at 1 April 2019 | 1 | 2,131,230 |
Profit for the financial year available for discretionary division among members | - | 101,359 |
Members' interests after profit for the year | 1 | 2,232,589 |
Other divisions of profit | 101,359 | - |
Profit / (loss) for the |
financial year available for |
discretionary division | - | 101,359 |
Repayments of capital | - | (90,445 | ) |
Reclassifications | (101,359 | ) | (101,359 | ) |
Amount due to members | 1 |
Amount due from members | - |
Balance at 31 March 2020 | 1 | 2,142,144 |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Reconciliation of Members' Interests |
for the Year Ended 31 March 2020 |
EQUITY |
Members' other interests |
Members' |
capital |
(classified |
as | Other |
equity) | reserves | Total |
£ | £ | £ |
Balance at 1 April 2018 | 5,849,323 | (3,866,976 | ) | 1,982,347 |
Profit for the financial year available for discretionary division among members | - | 143,193 | 143,193 |
Members' interests after profit for the year | 5,849,323 | (3,723,783 | ) | 2,125,540 |
Other divisions of profit | - | (143,193 | ) | (143,193 | ) |
Profit / (loss) for the |
financial year available for |
discretionary division | - | 143,193 | 143,193 |
Introduced by members | 5,689 | - | 5,689 |
Reclassifications | - | - | - |
Balance at 31 March 2019 | 5,855,012 | (3,723,783 | ) | 2,131,229 |
DEBT | TOTAL |
Loans and other debts due to | MEMBERS' |
members less any amounts due | INTERESTS |
from members in debtors |
Other |
amounts | Total |
£ | £ |
Amount due to members | 1 |
Amount due from members | - |
Balance at 1 April 2018 | 1 | 1,982,348 |
Profit for the financial year available for discretionary division among members | - | 143,193 |
Members' interests after profit for the year | 1 | 2,125,541 |
Other divisions of profit | 143,193 | - |
Profit / (loss) for the |
financial year available for |
discretionary division | - | 143,193 |
Introduced by members | - | 5,689 |
Reclassifications | (143,193 | ) | (143,193 | ) |
Amount due to members | 1 |
Amount due from members | - |
Balance at 31 March 2019 | 1 | 2,131,230 |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Statement of Cash Flows |
for the Year Ended 31 March 2020 |
2020 | 2019 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 |
Interest paid | ( | ) | ( | ) |
Net cash from operating activities |
Cash flows from investing activities |
Purchase of tangible fixed assets | ( | ) | ( | ) |
Net cash from investing activities | ( | ) | ( | ) |
Transactions with members and former | members |
Payments to members | (90,445 | ) | - |
Contributions by members | - | 5,689 |
(90,445 | ) | 5,689 |
Cash flows from other financing activities |
Loan repayments in year | ( | ) | ( | ) |
Net cash from financing activities | ( | ) | ( | ) |
Increase/(decrease) in cash and cash equivalents | ( | ) |
Cash and cash equivalents at beginning of year | 2 | 59,894 |
Cash and cash equivalents at end of year | 2 | 116,402 | 36,166 |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Notes to the Statement of Cash Flows |
for the Year Ended 31 March 2020 |
1. | Reconciliation of profit for the financial year before members' remuneration and profit shares available for discretionary division among members to cash generated from operations |
2020 | 2019 |
£ | £ |
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members | 101,359 | 143,193 |
Depreciation charges |
Finance costs | 49,176 | 54,488 |
182,527 | 229,673 |
Increase in stocks | ( | ) | ( | ) |
Decrease in trade and other debtors |
Increase/(decrease) in trade and other creditors | ( | ) |
Cash generated from operations |
2. | Cash and cash equivalents |
The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts: |
Year ended 31 March 2020 |
31/3/20 | 1/4/19 |
£ | £ |
Cash and cash equivalents | 116,402 | 36,166 |
Year ended 31 March 2019 |
31/3/19 | 1/4/18 |
£ | £ |
Cash and cash equivalents | 36,166 | 59,894 |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Notes to the Statement of Cash Flows |
for the Year Ended 31 March 2020 |
3. | Analysis of changes in net debt |
Other |
non-cash |
At 1/4/19 | Cash flow | changes | At 31/3/20 |
£ | £ | £ | £ |
Net cash |
Cash at bank |
and in hand | 36,166 | 80,236 | 116,402 |
36,166 | 116,402 |
Debt |
Debts falling due |
within 1 year | (80,646 | ) | (18,201 | ) | - | (98,847 | ) |
Debts falling due |
after 1 year | (1,334,565 | ) | 104,385 | - | (1,230,180 | ) |
(1,415,211 | ) | 86,184 | - | (1,329,027 | ) |
Net debt (before |
members' debt) | (1,379,045 | ) | 166,420 | - | (1,212,625 | ) |
Loans and other debts |
due to members |
Other amounts |
due to members | (1 | ) | 101,359 | (101,359 | ) | (1 | ) |
Net debt | (1,379,046 | ) | 267,779 | (101,359 | ) | (1,212,626 | ) |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
1. | Statutory information |
RMH (Manor House) Care LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The care home is located on Middle Lincombe Road, Torquay, TQ1 2AF. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
The turnover shown in the income statement represents care home fees, restaurant and ground rent income Income is recognised in the period in which the goods and services are provided. |
Tangible fixed assets |
Fixtures and fittings | - |
| Land and buildings |
| It is the company's practice to maintain these assets in a continual state of sound repair and to extend and make improvements thereto from time to time and accordingly the members consider that the lives of these assets are so long and residual values are so high that their depreciation is insignificant. |
| In accordance with accounting standards the members have also considered the recoverable amounts of land and buildings and considers that this is at least equal to the carrying value in the accounts. |
Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
2. | Accounting policies - continued |
Members' participation rights |
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits). Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP. |
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities. |
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Income statement in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Statement of financial position. |
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the income statement and are equity appropriations in the Statement of financial position. |
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment. |
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the income statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'. In the event of winding up, loans and other debts due to members rank equal to unsecured creditors. Members can not reduce other interests without the approval of all members. |
Going concern |
In accordance with their responsibilities, the members have considered the appropriateness of the going concern basis for the preparation of the financial statements. After due consideration of the forecasts, plans for the business, and in anticipation of the continued support by the members, the members have a reasonable expectation that the limited liability partnership will have adequate resources to continue in operational existence for the foreseeable future. For this reason the members continue to adopt the going concern basis in preparing the accounts. |
3. | Employee information |
2020 | 2019 |
£ | £ |
Wages and salaries |
Social security costs |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
3. | Employee information - continued |
The average number of employees during the year was as follows: |
2020 | 2019 |
Staff |
4. | Operating profit |
The operating profit is stated after charging: |
2020 | 2019 |
£ | £ |
Equipment hire |
Depreciation - owned assets |
Auditors' remuneration |
5. | Interest payable and similar expenses |
2020 | 2019 |
£ | £ |
Bank loan interest |
6. | Information in relation to members |
2020 | 2019 |
The average number of members during the year was | 2 | 2 |
7. | Tangible fixed assets |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
Cost |
At 1 April 2019 |
Additions |
At 31 March 2020 |
Depreciation |
At 1 April 2019 |
Charge for year |
At 31 March 2020 |
Net book value |
At 31 March 2020 |
At 31 March 2019 |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
7. | Tangible fixed assets - continued |
| The LLP's freehold property, including fixtures and fittings, were valued to £4,065,000 on 22 March 2017. The valuation was performed by CBRE, an independent chartered surveyor, on the basis of the profits method, in accordance with The Royal Institute of Chartered Surveyors Valuation Professional Standards known as the "Red Book". The historic cost at 31 March 2020 of the freehold property, including fixtures and fittings, was £6,234,890 which was impaired in the 2017 by £2,135,486, representing the cost in excess of fair value. |
8. | Stocks |
2020 | 2019 |
£ | £ |
Stocks |
9. | Debtors: amounts falling due within one year |
2020 | 2019 |
£ | £ |
Trade debtors |
Amounts owed by participating interests | 1,323,330 | 1,417,632 |
Other debtors |
Prepayments |
10. | Creditors: amounts falling due within one year |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts (see note 12) |
Trade creditors |
Amounts owed to participating interests | - | 15,434 |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
11. | Creditors: amounts falling due after more than one year |
2020 | 2019 |
£ | £ |
Bank loans (see note 12) |
12. | Loans |
An analysis of the maturity of loans is given below: |
2020 | 2019 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans - less than 1 yr |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
12. | Loans - continued |
2020 | 2019 |
£ | £ |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
13. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2020 | 2019 |
£ | £ |
Within one year |
Between one and five years |
14. | Secured debts |
The following secured debts are included within creditors: |
2020 | 2019 |
£ | £ |
Bank loans |
The bank loan is secured by fixed and floating charge over the assets of the LLP. |
15. | Loans and other debts due to members |
Members' loans and other debts rank equal to unsecured creditors in the event of winding up. |
16. | Reserves |
Other |
reserves |
£ |
At 1 April 2019 | ( | ) |
Profit / (loss) for the |
financial year available for |
discretionary division |
At 31 March 2020 | ( | ) |
RMH (Manor House) Care LLP (Registered number: OC333050) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
17. | Post balance sheet events |
| COVID-19 has had a significant impact on the daily operations of the LLP, as it has throughout the care sector. The business has taken all available steps to enable it to continue to provide the highest standard of care to it's residents and protection to it's staff. The home has strictly followed and implemented all government guidance, including social distancing measures, full provision of PPE, regular testing and limited access to the home. Whilst this has impacted on the financial performance of the following year, the LLP remains a going concern as detailed in the basis of the preparation note. |
18. | Ultimate controlling party |
The controlling party is Nicolas James Trustee (No.2) Limited. |