Hardwick Dene Ltd - Abbreviated accounts 16.3

Hardwick Dene Ltd - Abbreviated accounts 16.3

HARDWICK DENE LTD - Company Information

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REGISTERED NUMBER: 09166794 (England and Wales)














Abbreviated Unaudited Accounts

for the Period 1 January 2015 to 31 March 2016

for

HARDWICK DENE LTD

HARDWICK DENE LTD (REGISTERED NUMBER: 09166794)

Contents of the Abbreviated Accounts
for the period 1 January 2015 to 31 March 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

HARDWICK DENE LTD

Company Information
for the period 1 January 2015 to 31 March 2016







Directors: Mr K P Sohal
Mrs H K Sohal
Mr K I S Sohal





Secretary: Mr K P Sohal





Registered office: 51 Parkstone Avenue
Emerson Park
Hornchurch
Essex
RM11 3LN





Registered number: 09166794 (England and Wales)





Accountants: Haines Watts Essex LLP
Chartered Accountants
Coopers House
65a Wingletye Lane
Hornchurch
Essex
RM11 3AT
Page 1
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.12.14
Notes £    £    £    £   
Fixed assets
Intangible assets 2 534,000 -
Tangible assets 3 2,321,287 -
2,855,287 -

Current assets
Debtors 714,327 3
Cash at bank and in hand 100,823 -
815,150 3
Creditors
Amounts falling due within one year 4 724,923 -
Net current assets 90,227 3
Total assets less current liabilities 2,945,514 3

Creditors
Amounts falling due after more than one
year
4
(2,560,356
)
-

Provisions for liabilities (10,769 ) -
Net assets 374,389 3

Capital and reserves
Called up share capital 5 3 3
Profit and loss account 374,386 -
Shareholders' funds 374,389 3

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 notes form part of these abbreviated accounts

Page 2
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794)

Abbreviated Balance Sheet - continued
31 March 2016


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 12 December 2016 and were signed on its behalf
by:





Mr K P Sohal - Director


The notes form part of these abbreviated accounts

Page 3
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794)

Notes to the Abbreviated Accounts
for the period 1 January 2015 to 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).

Turnover
Turnover represents the charges made to residents for care and related services. Such charges are exempt for
VAT purposes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of thirteen 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 - nil on land & buildings
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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.

2. Intangible fixed assets
Total
£   
Cost
Additions 585,917
At 31 March 2016 585,917
Amortisation
Amortisation for period 51,917
At 31 March 2016 51,917
Net book value

At 31 March 2016 534,000

Page 4
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794)

Notes to the Abbreviated Accounts - continued
for the period 1 January 2015 to 31 March 2016


3. Tangible fixed assets
Total
£   
Cost
Additions 2,337,675
At 31 March 2016 2,337,675
Depreciation
Charge for period 16,388
At 31 March 2016 16,388
Net book value
At 31 March 2016 2,321,287

4. Creditors

Creditors include an amount of £ 2,541,452 for which security has been given.

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

31.3.16 31.12.14
£    £   
Repayable by instalments 1,976,078 -

5. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.12.14
value: £    £   
3 Ordinary £1 3 3

6. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the periods ended 31 March 2016 and
31 December 2014:

31.3.16 31.12.14
£    £   
Mr K P Sohal
Balance outstanding at start of period - -
Amounts advanced 2,234,877 -
Amounts repaid (2,289,311 ) -
Balance outstanding at end of period (54,434 ) -

Page 5
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794)

Notes to the Abbreviated Accounts - continued
for the period 1 January 2015 to 31 March 2016


6. Directors' advances, credits and guarantees - continued

Mrs H K Sohal
Balance outstanding at start of period - -
Amounts advanced 770,098 -
Amounts repaid (980,188 ) -
Balance outstanding at end of period (210,090 ) -

Mr K I S Sohal
Balance outstanding at start of period - -
Amounts advanced 826,877 -
Amounts repaid (980,188 ) -
Balance outstanding at end of period (153,311 ) -

7. Government grant

The company has received a grant from Social Care Institute for Excellence. As at 31 March 2016 no
expenditure had been made in relation to the grant. The balance of £2,579 has therefore been carried forward
to be set against future expenditure and is included in other creditors.

Page 6