R & G Quality Care Limited - Period Ending 2015-03-31

Registration number: 07270471

R & G Quality Care Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

R & G Quality Care Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
R & G Quality Care Limited
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R & G Quality Care Limited for the year ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of R & G Quality Care Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of R & G Quality Care Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R & G Quality Care Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that R & G Quality Care Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of R & G Quality Care Limited. You consider that R & G Quality Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of R & G Quality Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

31 December 2015

Page 1

R & G Quality Care Limited
(Registration number: 07270471)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Investments					1,950,100			1,950,100
Current assets
Debtors					595,600			580,000
Cash at bank and in hand					53			8,372
					595,653			588,372
Creditors: Amounts falling due within one year					(1,804,653)			(1,927,372)
Net current liabilities					(1,209,000)			(1,339,000)
Net assets					741,100			611,100
Capital and reserves
Called up share capital		3			10,000			10,000
Profit and loss account					731,100			601,100
Shareholders' funds					741,100			611,100

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 31 December 2015

.........................................
RJ Wagner
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

R & G Quality Care Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 April 2014		1,950,100			1,950,100
At 31 March 2015		1,950,100			1,950,100
Depreciation
At 31 March 2015		-			-
Net book value
At 31 March 2015		1,950,100			1,950,100
At 31 March 2014		1,950,100			1,950,100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
R & G Residential Care Limited		Ordinary	100%	Supply of care services to nursing home

Page 3

R & G Quality Care Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

Sursum Limited		Ordinary	100%	Operation of care home
R Wagner & G Harris- Brouwer The Old Rectory High Street Stalbridge Dorset		Partnership	100%	Operation of care home

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		10,000			10,000			10,000			10,000

4

Control

The company is controlled by R Wagner and Mrs G Harris-Brouwer by virtue of their equal shareholding.

Page 4