Care Concern (GB) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06362618 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

for

CARE CONCERN (GB) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B S Johal

M S Johal

SECRETARY:

M S Johal

REGISTERED OFFICE:

204 Field End Road

Eastcote

Pinner

Middlesex

HA5 1RD

REGISTERED NUMBER:

06362618 (England and Wales)

ACCOUNTANTS:

Jon Avol & Associates

204 Field End Road

Eastcote

Pinner

Middlesex

HA5 1RD

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

3,840,310

3,888,403

Investments

4

84,500

3,924,810

3,972,903

CURRENT ASSETS

Debtors

520,789

441,431

Cash at bank and in hand

245,950

261,256

766,739

702,687

CREDITORS

Amounts falling due within one year

529,420

525,564

NET CURRENT ASSETS

237,319

177,123

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,162,129

4,150,026

CREDITORS

Amounts falling due after more than one
year

5

(2,548,519

)

(2,660,967

)

PROVISIONS FOR LIABILITIES

(230,000

)

(230,000

)

NET ASSETS

1,383,610

1,259,059

CAPITAL AND RESERVES

Called up share capital

6

1,200

Revaluation reserve

1,148,556

Profit and loss account

233,854

109,303

SHAREHOLDERS' FUNDS

1,383,610

1,259,059

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 27 September 2016 and were signed on its behalf
by:

M S Johal - Director

1.	ACCOUNTING POLICIES

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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

800,000

AMORTISATION

At 1 January 2015

and 31 December 2015

800,000

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 January 2015

4,192,160

Additions

3,528

At 31 December 2015

4,195,688

DEPRECIATION

At 1 January 2015

303,757

Charge for year

51,621

At 31 December 2015

355,378

NET BOOK VALUE

At 31 December 2015

3,840,310

At 31 December 2014

3,888,403

4.	FIXED ASSET INVESTMENTS

Investme-

nts other

than

loans

£

COST OR VALUATION

At 1 January 2015

and 31 December 2015

84,500

NET BOOK VALUE

At 31 December 2015

84,500

At 31 December 2014

84,500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Gold line Property Ltd

Nature of business: Property development

%

Class of shares:

holding

Ordinary

4.65

5.

CREDITORS

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

2015

2014

£

Repayable by instalments

2,097,935

2,210,383

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,200

Ordinary shares

£1

1,200