Litfield House Medical Centre Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 00976461

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

FOR

LITFIELD HOUSE MEDICAL CENTRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Dr P Aylard

Mr K James

Dr J N Hembry

Dr M Bunnage

Mr M D Rocker

SECRETARY:

Mrs P Tanner

REGISTERED OFFICE:

Litfield Place

Clifton

Bristol

BS8 3LS

REGISTERED NUMBER:

00976461

ACCOUNTANTS:

Goldwyns (Bristol) Limited

Chartered Accountants

9 Portland Square

BRISTOL

BS2 8ST

FIXED ASSETS

Tangible assets

2

1,677,230

1,680,319

CURRENT ASSETS

Debtors

41,380

44,205

Cash at bank and in hand

30,984

3,860

72,364

48,065

CREDITORS

Amounts falling due within one year

3

106,049

97,344

NET CURRENT LIABILITIES

(33,685

)

(49,279

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,643,545

1,631,040

CREDITORS

Amounts falling due after more than one year

3

464,473

474,206

NET ASSETS

1,179,072

1,156,834

CAPITAL AND RESERVES

Called up share capital

4

490

490

Revaluation reserve

1,178,638

1,178,638

Profit and loss account

(56

)

(22,294

)

SHAREHOLDERS' FUNDS

1,179,072

1,156,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20th April 2016 and were signed on its behalf by:

Dr J N Hembry - Director

Mr K James - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company had net current liabilities of £33,685 as at 31 December 2015. The company's bankers will provide

the company with financial support for at least the next 12 months to enable it to continue to trade and meet its

liabilities as they fall due. Accordingly, the directors consider it appropriate for the financial statements to be

prepared on a going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents invoiced sales of services. Income from rents and recharged services are recognised in the

financial statements over the period to which they relate.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Fixtures and fittings

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st January 2015

1,837,543

Additions

14,174

Disposals

(4,656

)

At 31st December 2015

1,847,061

DEPRECIATION

At 1st January 2015

157,224

Charge for year

15,993

Eliminated on disposal

(3,386

)

At 31st December 2015

169,831

NET BOOK VALUE

At 31st December 2015

1,677,230

At 31st December 2014

1,680,319

3.

CREDITORS

Creditors include an amount of £ 506,670 (2014 - £ 514,926 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

320,230

353,221

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

380

Ordinary shares

£1.00

380

380

110

Founder shares

£1.00

110

110

490

490

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2015 and

31st December 2014:

2015

2014

£

£

Dr P Aylard

Balance outstanding at start of year

44

3,000

Amounts advanced

17,052

20,991

Amounts repaid

(16,321

)

(23,947

)

Balance outstanding at end of year

775

44

Dr J N Hembry

Balance outstanding at start of year

1

390

Amounts advanced

31,101

23,799

Amounts repaid

(31,028

)

(24,188

)

Balance outstanding at end of year

74

1

Dr M Bunnage

Balance outstanding at start of year

-

-

Amounts advanced

2,667

-

Amounts repaid

(2,643

)

-

Balance outstanding at end of year

24

-

6.	CONTROLLING PARTY

The company is not controlled by a single entity.