MAJESTICARE_(EVESHAM)_LIM - Accounts

MAJESTICARE (EVESHAM) LIMITED - Company Information

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Company Registration No. 09306243 (England and Wales)

MAJESTICARE (EVESHAM) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

MAJESTICARE (EVESHAM) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MAJESTICARE (EVESHAM) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,732,596

Current assets

Debtors

69,295

Cash at bank and in hand

626,441

695,736

Creditors: amounts falling due within one year

(2,674,415)

Net current liabilities/(assets)

(1,978,679)

Total assets less current liabilities

(246,083)

Capital and reserves

Called up share capital

Profit and loss account

(246,084)

Shareholders' funds

(246,083)

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 March 2017

Mr S Oakes

Director

Company Registration No. 09306243

MAJESTICARE (EVESHAM) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

At 30 September 2016 the balance sheet showed net liabilities of £246,083. The directors do not consider there to be a going concern issue due to continued support provided by the parent company Majesticare (Evesham) Holdings Limited.

1.2

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

45 years straight line on cost

Depreciation is not provided for assets under construction and is only recognised when the asset is bought into use.

1.3

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

1.4

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 400 of the Companies Act 2006 as it is a subsidiary undertaking of Majesticare (Evesham) Holdings Limited, a company incorporated in England and Wales.

Fixed assets

Tangible assets

Cost

At 1 October 2015

Additions

1,732,596

At 30 September 2016

1,732,596

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each

MAJESTICARE (EVESHAM) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Ultimate parent company

The ultimate parent company is Majesticare (Evesham) Holdings Limited, a company registered in England and Wales.