Sutton Court Nursing Homes Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03569077 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

Sutton Court Nursing Homes Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs B Ramdin

M Ramdin

REGISTERED OFFICE:

69 Chesswood Road

Worthing

West Sussex

BN11 2AB

REGISTERED NUMBER:

03569077 (England and Wales)

ACCOUNTANTS:

Ghiaci Goodhand Smith Limited

12a Marlborough Place

BRIGHTON

East Sussex

BN1 1WN

FIXED ASSETS

Intangible assets

2

257

388

Tangible assets

3

1,504,357

925,446

1,504,614

925,834

CURRENT ASSETS

Debtors

46,554

255,398

Cash at bank and in hand

29,016

151,899

75,570

407,297

CREDITORS

Amounts falling due within one
year

4

101,544

98,268

NET CURRENT (LIABILITIES)/ASSETS

(25,974

)

309,029

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,478,640

1,234,863

CREDITORS

Amounts falling due after more
than one year

4

(224,254

)

-

PROVISIONS FOR LIABILITIES

(9,191

)

(6,745

)

NET ASSETS

1,245,195

1,228,118

CAPITAL AND RESERVES

Called up share capital

5

104

Profit and loss account

1,245,091

1,228,014

SHAREHOLDERS' FUNDS

1,245,195

1,228,118

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 23 August 2016 and were
signed on its behalf by:

M Ramdin - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents the invoiced total of fees charged in the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Freehold property

-

not provided

Short leasehold

-

2% on cost

Improvements to property

-

not provided

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to

which they relate.

Freehold property

No depreciation has been provided on the freehold properties as the annual impairment

review revealed that the net realisable value of the properties was well in excess of their

cost price at the Balance Sheet date. The policy is a departure from the specific

requirement of the Companies Act 2006 to provide depreciation on any fixed asset which

has a limited useful economic life. The departure from the Companies Act 2006

requirements is for the overriding purpose of giving a true and fair view.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

2,611

AMORTISATION

At 1 June 2015

2,223

Amortisation for year

131

At 31 May 2016

2,354

NET BOOK VALUE

At 31 May 2016

257

At 31 May 2015

388

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

1,003,205

Additions

589,748

Disposals

(5,653

)

At 31 May 2016

1,587,300

DEPRECIATION

At 1 June 2015

77,759

Charge for year

10,047

Eliminated on disposal

(4,863

)

At 31 May 2016

82,943

NET BOOK VALUE

At 31 May 2016

1,504,357

At 31 May 2015

925,446

4.

CREDITORS

Creditors include an amount of £ 238,078 for which security has been given.

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

31.5.16

31.5.15

£

Repayable by instalments

175,069

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

31.5.16

31.5.15

£

100

Ordinary

£1.00

100.00

25

Ordinary A

£0.01

0.25

25

Ordinary B

£0.01

0.25

25

Ordinary C

£0.01

0.25

25

Ordinary D

£0.01

0.25

6.	CONTROLLING PARTY

The company was controlled by its directors throughout the period.