NORFOLK CARE HOMES LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09213441 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2020

for

NORFOLK CARE HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A Hussain

REGISTERED OFFICE:

Suite A, 10 Floor Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

REGISTERED NUMBER:

09213441 (England and Wales)

ACCOUNTANTS:

The Greene Partnership LLP

Chartered Accountants

Suite A, 10th Floor Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

FIXED ASSETS

Tangible assets

4

62,869

64,896

Investments

5

97,824

95,942

160,693

160,838

CURRENT ASSETS

Debtors

6

421,254

662,914

Cash at bank

249,739

177,783

670,993

840,697

CREDITORS

Amounts falling due within one year

7

349,678

256,194

NET CURRENT ASSETS

321,315

584,503

TOTAL ASSETS LESS CURRENT LIABILITIES

482,008

745,341

PROVISIONS FOR LIABILITIES

8

11,945

12,331

NET ASSETS

470,063

733,010

CAPITAL AND RESERVES

Called up share capital

9

101

101

Capital redemption reserve

99

99

Retained earnings

469,863

732,810

SHAREHOLDERS' FUNDS

470,063

733,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 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 director and authorised for issue on 29 July 2021 and were signed by:

S A Hussain - Director

1.	STATUTORY INFORMATION

NORFOLK CARE HOMES 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 represents fees receivable.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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 balance sheet date.

Deferred tax

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed assets investments

Fixed asset investments comprise rental deposits held on account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2019 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2019

46,179

91,041

137,220

Additions

-

18,930

18,930

At 30 September 2020

46,179

109,971

156,150

DEPRECIATION

At 1 October 2019

22,577

49,747

72,324

Charge for year

5,901

15,056

20,957

At 30 September 2020

28,478

64,803

93,281

NET BOOK VALUE

At 30 September 2020

17,701

45,168

62,869

At 30 September 2019

23,602

41,294

64,896

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.9.20

30.9.19

£

£

Rental deposits

97,824

95,942

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Other debtors

327,413

569,473

Prepayments

93,841

93,441

421,254

662,914

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade creditors

57,618

72,389

Tax

29,183

50,640

Social security and other taxes

11,935

18,210

Deferred income

128,208

60,421

Accrued expenses

122,734

54,534

349,678

256,194

8.	PROVISIONS FOR LIABILITIES

30.9.20

30.9.19

£

£

Deferred tax

Accelerated capital allowances

11,945

12,331

Deferred

tax

£

Balance at 1 October 2019

12,331

Credit to Income Statement during year

(386

)

Balance at 30 September 2020

11,945

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

30.9.19

value:

£

£

100

Ordinary

£1

51

51

100

B Shares

£1

50

50

101

101

10.	RELATED PARTY DISCLOSURES

During the year, the company made a loan of £176,000 to the shareholder, Ms N Jafferi, spouse of the director, S A Hussain. Interest of 2.5% per annum is chargeable on the loan and the loan was fully repaid by 30th June 2021. The balance outstanding at the year end was £179,300, including the interest charge.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is S A Hussain.

12.

SECURITY

The company's bankers have a fixed and floating charge over the company's assets.