Arrigadeen Nursing Home Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 03958785 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2016

for

Arrigadeen Nursing Home Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D K Morey

Mrs M J Buckley

Mrs L J Cook

SECRETARY:

Mrs D K Morey

REGISTERED OFFICE:

20 Cambridge Road

Clevedon

North Somerset

BS21 7HX

REGISTERED NUMBER:

03958785 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Intangible assets

2

13,400

26,800

Tangible assets

3

24,706

27,472

38,106

54,272

CURRENT ASSETS

Stocks

850

850

Debtors

4

36

36

Cash at bank

337,111

354,242

337,997

355,128

CREDITORS

Amounts falling due within one year

5

174,435

133,911

NET CURRENT ASSETS

163,562

221,217

TOTAL ASSETS LESS CURRENT LIABILITIES

201,668

275,489

PROVISIONS FOR LIABILITIES

6

3,607

3,872

NET ASSETS

198,061

271,617

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

8

197,061

270,617

SHAREHOLDERS' FUNDS

198,061

271,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 June 2016 and were signed on its behalf by:

Mrs D K Morey - Director

1.	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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial

statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d);

•

the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;

•

the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;

•

the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

•

the requirement of Section 33 Related Party Disclosures paragraph 33.7.

Turnover

Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for

goods and services provided during the year. All transactions arose in the United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2015

and 31 March 2016

67,000

AMORTISATION

At 1 April 2015

40,200

Charge for year

13,400

At 31 March 2016

53,600

NET BOOK VALUE

At 31 March 2016

13,400

At 31 March 2015

26,800

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2015

110,656

Additions

1,595

At 31 March 2016

112,251

DEPRECIATION

At 1 April 2015

83,184

Charge for year

4,361

At 31 March 2016

87,545

NET BOOK VALUE

At 31 March 2016

24,706

At 31 March 2015

27,472

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Other debtors

36

36

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Trade creditors

1,039

7,153

Taxation and social security

10,461

17,950

Other creditors

162,935

108,808

174,435

133,911

6.	PROVISIONS FOR LIABILITIES

31.3.16

31.3.15

£

£

Deferred tax

3,607

3,872

Deferred

tax

£

Balance at 1 April 2015

3,872

Provided during year

(265

)

Balance at 31 March 2016

3,607

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.

RESERVES

Retained

earnings

£

At 1 April 2015

270,617

Deficit for the year

(73,556

)

At 31 March 2016

197,061

9.	RELATED PARTY DISCLOSURES

Mrs M Y Roberts (Deceased)

Director

During the year the company entered into the following transactions with the director:

2016

2015

Dividends paid

-

15,000

Capital introduced

-

50,061

Capital withdrawn

21,178

-

During the year, the company paid rent to the director of £43,279 (2015 £48,000).

At the year end date the company owed the director £85,436 (2015 - £106,614) in respect of the

balance owing on the director's loan account.