Assisted Living South West Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07604202 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

FOR

ASSISTED LIVING SOUTH WEST GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S B Jalil

Mrs R Kousar

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

07604202 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

Chartered Accountants

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Investments

4

3,203,985

3,203,985

CREDITORS

Amounts falling due within one year

5

5,200,703

5,200,703

NET CURRENT LIABILITIES

(5,200,703

)

(5,200,703

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,996,718

)

(1,996,718

)

RESERVES

Retained earnings

(1,996,718

)

(1,996,718

)

SHAREHOLDERS' FUNDS

(1,996,718

)

(1,996,718

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 14 March 2022 and were signed on its behalf by:

Mrs S B Jalil - Director

1.	STATUTORY INFORMATION

Assisted Living South West Group 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 company was dormant throughout the year.

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 company has net liabilities at the balance sheet date. The company's ultimate parent company has confimed its support for the company for at least the next 12 months and therefore the financial statements are prepared on the going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Assisted Living South West Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Rehability Group Ltd, 1110 Elliott Court Coventry Business Park, Herald Avenue, Coventry, West Midlands, United Kingdom, CV5 6UB.

Significant judgements and estimates

These financial statements do not contain any significant judgements and estimates.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any impairment.

Financial instruments

Financial instruments are accounted for according to their substance, as financial assets, financial liabilities or equity instruments.

Equity instruments are contracts where there exists a residual interest in the assets of a company after deducting all of its liabilities.

Impairment

Assets not measured at fair value are assessed for indications of impairment at each balance sheet date.

Where an asset is deemed to be impaired, an impairment loss is recognised in the profit and loss account.

Impairment arises when there is evidence that the estimated recoverable value of an asset has been reduced.

Where impairment is decreased it is reversed on the individual asset up to the value at which the asset would be had there been no impairment loss.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resource to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2020

and 30 June 2021

3,203,985

NET BOOK VALUE

At 30 June 2021

3,203,985

At 30 June 2020

3,203,985

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed to group undertakings

5,200,703

5,200,703

6.	CALLED UP SHARE CAPITAL

Allotted, called up and fully paid share capital

2019

2018

No.

£

No.

£

Ordinary share of £0.01 each

1

0.01

1

0.01

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Assisted Living South West HoldingsLimited.

The ultimate controlling party is Rehability UK Community Limited.