Sage Care Homes (Jasmin Court) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04351365 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2016

for

Sage Care Homes (Jasmin Court) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

S Ahmad

Mrs S Ahmad

Mrs G S Mahmood

SECRETARY:

S Ahmad

REGISTERED OFFICE:

52 The Drive

South Woodford

London

E18 2BJ

REGISTERED NUMBER:

04351365 (England and Wales)

ACCOUNTANTS:

Oscroft & Co Limited

88 Winchester Road

Fordhouses

Wolverhampton

West Midlands

WV10 6EZ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,318,272

1,328,664

1,318,272

1,328,664

CURRENT ASSETS

Stocks

1,750

1,650

Debtors

640,102

714,123

Cash at bank and in hand

1,264

6,644

643,116

722,417

CREDITORS

Amounts falling due within one year

4

1,809,097

1,430,185

NET CURRENT LIABILITIES

(1,165,981

)

(707,768

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

152,291

620,896

CREDITORS

Amounts falling due after more than one
year

4

120,264

243,279

NET ASSETS

32,027

377,617

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

31,027

376,617

SHAREHOLDERS' FUNDS

32,027

377,617

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

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

S Ahmad - 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 fees for services supplied by the Company, which are exempt from Value Added Tax.

Turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of one 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

-

in accordance with the property

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

33% 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

balance sheet date.Deferred tax assets are recognised only to the extent that the directors consider that it is

more likely than not that there will be suitable taxable profits from which the future reversal of the underlying

timing differences can be deducted.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

1

AMORTISATION

At 1 February 2015

and 31 January 2016

1

NET BOOK VALUE

At 31 January 2016

-

At 31 January 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

1,593,941

Additions

9,977

At 31 January 2016

1,603,918

DEPRECIATION

At 1 February 2015

265,277

Charge for year

20,369

At 31 January 2016

285,646

NET BOOK VALUE

At 31 January 2016

1,318,272

At 31 January 2015

1,328,664

4.

CREDITORS

Creditors include an amount of £ 245,264 (31.1.15 - £ 368,279 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

1,000

Ordinary

£1

1,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Sage Care Homes (Jasmin Court) Ltd for the year ended 31 January 2016 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Sage Care Homes (Jasmin Court) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sage Care Homes (Jasmin Court) Ltd and state those matters that we have agreed to state to the Board of Directors of Sage Care Homes (Jasmin Court) Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sage Care Homes (Jasmin Court) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sage Care Homes (Jasmin Court) Ltd. You consider that Sage Care Homes (Jasmin Court) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sage Care Homes (Jasmin Court) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Oscroft & Co Limited

88 Winchester Road

Fordhouses

Wolverhampton

West Midlands

WV10 6EZ

31 October 2016