Abbreviated Company Accounts - EVOLUTION ADULTCARE PROPERTY LTD

EVOLUTION ADULTCARE PROPERTY LTD - Company Information

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Registered Number 06782822

EVOLUTION ADULTCARE PROPERTY LTD

Abbreviated Accounts

31 December 2015

EVOLUTION ADULTCARE PROPERTY LTD Registered Number 06782822

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	353,801	200,427
		353,801	200,427
Current assets
Debtors		27,562	18,635
Cash at bank and in hand		10,272	8,518
		37,834	27,153
Creditors: amounts falling due within one year	3	(258,115)	(175,500)
Net current assets (liabilities)		(220,281)	(148,347)
Total assets less current liabilities		133,520	52,080
Creditors: amounts falling due after more than one year	3	(161,273)	(68,537)
Total net assets (liabilities)		(27,753)	(16,457)
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		(28,753)	(17,457)
Shareholders' funds		(27,753)	(16,457)

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 September 2016

And signed on their behalf by:
Mrs SJ Jones, Director

EVOLUTION ADULTCARE PROPERTY LTD Registered Number 06782822

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost accounting rules and in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).

Going concern basis of accounting
At the balance sheet date, the company’s liabilities exceeded its assets. The company has received assurance from the parent company and the director that they will continue to give financial support to the company for at least twelve months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company’s accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company’s assets or liabilities that might be necessary should this basis not continue to be appropriate.

Turnover policy
Turnover represents charges to external customers excluding VAT.

Tangible assets depreciation policy
Fixed assets are depreciated in order to write off their cost over their estimated useful lives at the following rates:

Freehold property - 4% on cost
Leasehold improvements - 20% reducing balance
Fixtures & Fittings - 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2015	380,113
Additions	172,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	552,113
Depreciation
At 1 January 2015	179,686
Charge for the year	18,626
On disposals	-
At 31 December 2015	198,312
Net book values
At 31 December 2015	353,801
At 31 December 2014	200,427

3Creditors

	2015 £	2014 £
Non-instalment debts due after 5 years	68,537	68,537

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000

5Transactions with directors

Name of director receiving advance or credit:	Mrs SJ Jones
Description of the transaction:	Amounts owed by associated undertakings
Balance at 1 January 2015:	£ 16,000
Advances or credits made:	£ 10
Advances or credits repaid:	-
Balance at 31 December 2015:	£ 16,010

Name of director receiving advance or credit:	Mrs SJ Jones
Description of the transaction:	Amounts owed to associated undertakings
Balance at 1 January 2015:	£ 0
Advances or credits made:	£ 6,386
Advances or credits repaid:	-
Balance at 31 December 2015:	£ 6,386

Included in debtors is £16,010 (2014:£16,000) due from Care Academy Hartford Limited, a company in which Mrs SJ Jones is a director.

Included in creditors is £6,386 (2014: £nil) due to Care Academy Agency, a company in which Mrs SJ Jones is a director.