Networking Care Partnerships (South West - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05064697 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

FOR

NETWORKING CARE PARTNERSHIPS (SOUTH

WEST) 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:

05064697 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

Chartered Accountants

Statutory Auditors

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

CURRENT ASSETS

Debtors

4

1

-

CREDITORS

Amounts falling due within one year

5

74,767

138,265

NET CURRENT LIABILITIES

(74,766

)

(138,265

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,766

)

(138,265

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(74,767

)

(138,266

)

SHAREHOLDERS' FUNDS

(74,766

)

(138,265

)

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 23 March 2022 and were signed on its behalf by:

Mrs S B Jalil - Director

1.	STATUTORY INFORMATION

Networking Care Partnerships (South West) 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.

Going Concern

The financial statements have been prepared on the going concern basis. This basis may not be appropriate because the group has net current liabilities at the balance sheet date. The Company's ability to continue trading is dependent upon the continued support of the companies within the group in addition to a number of other factors. The group are in the process of applying for finance to enable it to refurbish a number of units currently unoccupied and for working capital. Once these units have been refurbished the directors are confident that occupants will be obtained thus increasing the group’s overall occupancy level generating additional turnover for the group. The directors are also closely monitoring costs on a regular basis to ensure where possible supplier payments are made within a reasonable time frame throughout the group through pooling of group cash resource. Support has been sought from the group’s largest creditor to assist the company in meeting their trading liabilities as they may fall due for the foreseeable future. The directors are of the opinion that group support from all companies within the group will be ongoing together with the support of creditors and therefore consider it appropriate to prepare the financial statements on the going concern basis. These financial statements do not reflect any adjustments that may be necessary should the support of the companies within the group or creditors not be forthcoming.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

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

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.

Turnover

Turnover represents the amount receivable during the year for provision of care services. Where the amount received relates to a period which covers the balance sheet date it is apportioned over the period to which it relates and a debtor or creditor is recognised accordingly.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed by group undertakings

1

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed to group undertakings

74,767

138,265

6.	LEASING AGREEMENTS

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

2021

2020

£

£

Within one year

97,348

97,348

Between one and five years

389,392

217,392

In more than five years

163,044

217,392

649,784

532,132

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

1

Ordinary

1

1

1

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford ACA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

9.	OTHER FINANCIAL COMMITMENTS

At 30 June 2020 the company had operating lease commitments totalling £347,000 (30 June 2019: £350,863) .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Assisted Living South West GroupLimited.

The ultimate controlling party is Rehability Group Limited.