Bluebell Care Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03672027 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Bluebell Care Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B A Lewis

K S Lewis

M J Newman

S A Newman

SECRETARY:

K S Lewis

REGISTERED OFFICE:

18 Carden Avenue

Patcham

Brighton

East Sussex

BN1 8NA

REGISTERED NUMBER:

03672027 (England and Wales)

ACCOUNTANTS:

Warren House Accountants Limited

4 The Courtyard

Holmsted Farm

Staplefield Road

Haywards Heath

RH17 5JF

FIXED ASSETS

Tangible assets

4

1,294,351

1,324,687

CURRENT ASSETS

Stocks

650

650

Debtors

5

2,277

16,646

Cash at bank and in hand

531,718

497,164

534,645

514,460

CREDITORS

Amounts falling due within one year

6

242,612

263,458

NET CURRENT ASSETS

292,033

251,002

TOTAL ASSETS LESS CURRENT LIABILITIES

1,586,384

1,575,689

PROVISIONS FOR LIABILITIES

4,758

5,730

NET ASSETS

1,581,626

1,569,959

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,581,526

1,569,859

1,581,626

1,569,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 20 August 2021 and were signed on its behalf by:

M J Newman - Director

1.	STATUTORY INFORMATION

Bluebell 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. At the year end the company had net current assets of £292,033 (2020: £251,002), including cash at bank of £531,718 (2020: £497,164). The directors have considered the potential impact of the ongoing global COVID-19 pandemic on the company's activities and operations and concluded that the pandemic has and will continue to have an impact on the company's trading for the next twelve months, however the directors are confident that the company's strong cash reserves will continue to provide support to allow it to withstand such an impact and carry on trading for the foreseeable future. On this basis the directors are satisfied that the going concern basis of preparing the financial statements is appropriate.

Turnover

Turnover represents net invoiced sales of services.

Tangible fixed assets

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

Freehold property

- 2% straight line

Fixtures & fittings

- 10% straight line

Computer equipment

- 25% straight line

Government grants

The government grants received have been recognised under the performance model. Amounts were received to support the company in response to the COVID-19 pandemic regarding the PPE requirements and an amount was received under the job retention scheme, there are no unfulfilled conditions or other contingencies.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2020 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2020

1,796,844

328,400

1,723

2,126,967

Additions

5,630

-

-

5,630

At 31 March 2021

1,802,474

328,400

1,723

2,132,597

DEPRECIATION

At 1 April 2020

512,994

288,424

862

802,280

Charge for year

29,076

6,459

431

35,966

At 31 March 2021

542,070

294,883

1,293

838,246

NET BOOK VALUE

At 31 March 2021

1,260,404

33,517

430

1,294,351

At 31 March 2020

1,283,850

39,976

861

1,324,687

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

1,729

14,605

Other debtors

548

2,041

2,277

16,646

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

30,223

27,900

Taxation and social security

58,783

82,563

Other creditors

153,606

152,995

242,612

263,458

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.21

31.3.20

£

£

Within one year

4,740

4,740

Between one and five years

18,960

23,700

23,700

28,440

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors due after one year includes a loan of £130,000 (2020: £130,000) from K S Lewis, a director. Interest is charged at 10% (2020: 10%) on the outstanding balance and there are no fixed repayment terms. During the year interest totalling £13,000 (2020: £13,000) was paid to K S Lewis.

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of K S Lewis.