Meadowbank Care Ltd - Abbreviated accounts 16.1
Meadowbank Care Ltd - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| MEADOWBANK CARE LTD |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| MEADOWBANK CARE LTD (REGISTERED NUMBER: 04281679) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| MEADOWBANK CARE LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| MEADOWBANK CARE LTD (REGISTERED NUMBER: 04281679) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2016 |
| 31.3.16 | 31.3.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| MEADOWBANK CARE LTD (REGISTERED NUMBER: 04281679) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2016 |
| The financial statements were approved by the Board of Directors on by: |
| MEADOWBANK CARE LTD (REGISTERED NUMBER: 04281679) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 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). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related |
| Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents total fees receivable in respect of services provided to service users. |
| Tangible fixed assets |
| Freehold property | - |
| Improvements to property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| 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. |
| MEADOWBANK CARE LTD (REGISTERED NUMBER: 04281679) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Additions |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | ULTIMATE PARENT COMPANY |
| On 17 March 2016 the company became a wholly owned subsidiary of Potensial Limited. |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Included within the other creditors are amounts owed to directors totalling £Nil (2015: £31,273). The loans are |
| interest free and with no fixed terms of repayment. |
| 7. | RELATED PARTY DISCLOSURES |
| During the year, the company acquired the freehold property from which it carries out its business activity from |
| Mr P H T McNeil and Mr A R Rignall, the former directors, for consideration |
| During the year, the company was charged rent totalling £34,465 (2015: £36,000 per annum) by Mr P H T |
| McNeil and Mr A R Rignall, the former directors, in respect of the property leased to the company. |
| Dividends paid to the former directors in their capacity as the shareholders and officers of the company was as |
| follows: |
| - Mr P H T McNeil: £33,566 |
| - Mr A R Rignall: £33,566 |
| - Ms M E Edwards: £30,000 |
| Woodside Farmhouse Limited |
| MEADOWBANK CARE LTD (REGISTERED NUMBER: 04281679) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| Directors and shareholders. |
| The amount included within the consultancy charges of £40,262 (2015:£37,844) paid to Woodside Farmhouse |
| Limited,in which Mr P H T McNeil & Mr A R Rignall are both directors and shareholders. |