Abbreviated Company Accounts - LIFESTYLE CARE UK LTD

LIFESTYLE CARE UK LTD - Company Information

06161785 LIFESTYLE CARE UK LTD 2016-03-31 false 2015-04-01 2016-03-31 true 06161785 2015-04-01 2016-03-31 06161785 2016-03-31 06161785 2015-03-31 06161785 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06161785 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06161785

LIFESTYLE CARE UK LTD

Abbreviated Accounts

31 March 2016

LIFESTYLE CARE UK LTD Registered Number 06161785

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	96,789	130,629
Tangible assets	3	1,341,194	1,375,312
		1,437,983	1,505,941
Current assets
Stocks		3,500	3,150
Debtors		15,871	37,234
Investments		2,055,133	1,953,144
Cash at bank and in hand		390,980	34,884
		2,465,484	2,028,412
Creditors: amounts falling due within one year		(212,996)	(191,208)
Net current assets (liabilities)		2,252,488	1,837,204
Total assets less current liabilities		3,690,471	3,343,145
Creditors: amounts falling due after more than one year		(1,060,870)	(1,113,474)
Total net assets (liabilities)		2,629,601	2,229,671
Capital and reserves
Called up share capital	4	400,000	400,000
Other reserves		400,000	400,000
Profit and loss account		1,829,601	1,429,671
Shareholders' funds		2,629,601	2,229,671

For the year ending 31 March 2016 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 16 December 2016

And signed on their behalf by:
I Wootton, Director

LIFESTYLE CARE UK LTD Registered Number 06161785

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities. The principal income stream relates to the provision of residential care services for the elderly and income is recognised at fair value and is accrued on a daily basis. All turnover arises from operations in the United Kingdom and is attributable to healthcare activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Freehold buildings - Straight line over fifty years
Care home equipment & furniture - 20% reducing balance
Fixtures, fittings and equipment - 20% reducing balance
Office furniture & equipment - 20% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 April 2015	338,396
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2016	338,396
Amortisation
At 1 April 2015	207,767
Charge for the year	33,840
On disposals	-
At 31 March 2016	241,607
Net book values
At 31 March 2016	96,789
At 31 March 2015	130,629

3Tangible fixed assets

	£
Cost
At 1 April 2015	1,756,688
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	1,756,688
Depreciation
At 1 April 2015	381,376
Charge for the year	34,118
On disposals	-
At 31 March 2016	415,494
Net book values
At 31 March 2016	1,341,194
At 31 March 2015	1,375,312

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

	2016 £	2015 £
400,000 A Ordinary shares of £1 each	400,000	400,000