Homes of Excellence Healthcare Limited Filleted accounts for Companies House (small and micro)

LUK ROS PROPERTY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 12513139

Homes of Excellence Healthcare Limited

Filleted Unaudited Financial Statements

31 August 2021

Homes of Excellence Healthcare Limited

Statement of Financial Position

31 August 2021

	31 Aug 21
Note	£

Fixed assets

Investments	4	976,413

Current assets

Debtors	5	15,254
Cash at bank and in hand		2,208
		--------
		17,462

Creditors: amounts falling due within one year	6	993,775
		---------
Net current liabilities		976,313
		---------
Total assets less current liabilities		100
		----

Capital and reserves

Called up share capital	100
	----
Shareholders funds	100
	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 8 December 2021 , and are signed on behalf of the board by:

Mr N J Askew	Mr C P Sheppard
Director	Director

Company registration number: 12513139

Homes of Excellence Healthcare Limited

Notes to the Financial Statements

Period from 12 March 2020 to 31 August 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 The Quadrant, Coventry, CV1 2EL, West Midlands.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for recharges to group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Investments

	Shares in group undertakings
	£
Cost
At 12 March 2020	–
Additions	976,413
	---------
At 31 August 2021	976,413
	---------
Impairment
At 12 March 2020 and 31 August 2021	–
	---------

Carrying amount
At 31 August 2021	976,413
	---------

5. Debtors

	31 Aug 21
	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	15,254
	--------

6. Creditors: amounts falling due within one year

	31 Aug 21
	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	993,775
	---------