OXFORD_CARE_HOMES_LIMITED - Accounts

OXFORD CARE HOMES LIMITED - Company Information

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Company Registration No. 04241214 (England and Wales)

OXFORD CARE HOMES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

OXFORD CARE HOMES LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

OXFORD CARE HOMES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OXFORD CARE HOMES LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oxford Care Homes Limited for the year ended 30 September 2015 set out on pages 2 to 5 from the company's accounting records and from information and explanations youhave given to us.

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

This report is made solely to the Board of Directors of Oxford Care Homes Limited, as a body, in accordance with the terms of our engagement letter dated 3 May 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Oxford Care Homes Limited and state those matters that we have agreed to state to the Board of Directors of Oxford Care Homes Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants in England and Wales as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oxford Care Homes Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Oxford Care Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oxford Care Homes Limited. You consider that Oxford Care Homes 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 financial statements of Oxford Care Homes 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.

Gerald Edelman

3 May 2016

Chartered Accountants

73 Cornhill

London

EC3V 3QQ

OXFORD CARE HOMES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 2 -

2015

2014

Notes

Fixed assets

Intangible assets

15,000

17,500

Tangible assets

1,404,452

1,405,268

1,419,452

1,422,768

Current assets

Debtors

12,496

41,094

Cash at bank and in hand

82,074

168,887

94,570

209,981

Creditors: amounts falling due within one year

(904,000)

(1,009,448)

Net current liabilities

(809,430)

(799,467)

Total assets less current liabilities

610,022

623,301

Creditors: amounts falling due after more than one year

(13,279)

610,022

Capital and reserves

Called up share capital

100

Revaluation reserve

609,922

Shareholders' funds

610,022

For the financial year ended 30 September 2015 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 year 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 3 May 2016

A. Gulamhussein

F. Gulamhussein

Director

Company Registration No. 04241214

OXFORD CARE HOMES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover is recognized as income in the year for services rendered for the provisions of care for the elderly.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life in accordance with Financial Reporting Standard 10 - Goodwill and Intangible Assets.

The expected useful life of the acquired goodwill is 20 years.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Nil

Fixtures and fittings

15% reducing balance basis

No depreciation is provided in respect of freehold land and buildings as it is company's policy to maintain its properties in good condition by a programme of repair and refurbishment. This has the effect of extending the physical and economic life of properties and thereby rendering any charge for depreciation immaterial. In the opinion of the directors this accounting policy ensures that the financial statements present a true and fair view.

OXFORD CARE HOMES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost or valuation

At 1 October 2014 & at 30 September 2015

50,000

1,446,200

1,496,200

Depreciation

At 1 October 2014

32,500

40,932

73,432

Charge for the year

2,500

816

3,316

At 30 September 2015

35,000

41,748

76,748

Net book value

At 30 September 2015

15,000

1,404,452

1,419,452

At 30 September 2014

17,500

1,405,268

1,422,768

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £12,942 (2014 - £13,312).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £13,279).

Share capital

2015

2014

Allotted, called up and fully paid

Ordinary "A" shares of £1 each

Ordinary "B" shares of £1 each

Ordinary "C" shares of £1 each

Ordinary "D" shares of £1 each

Ordinary "E" shares of £1 each

Ordinary "F" shares of £1 each

Ordinary "G" shares of £1 each

Ordinary "H" shares of £1 each

Ordinary "I" shares of £1 each

100

The Ordinary A, Ordinary B, Ordinary C, Ordinary D, Ordinary E, Ordinary F, Ordinary G, Ordinary H and Ordinary I shares rank in pari passu in all respect except in the declaration of dividends, where by one class of share shall not compel a dividend at the same rate to be declared for any other class of share.