Grange Residential Homes Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02348171 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

GRANGE RESIDENTIAL HOMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs K F Krabbendam

SECRETARY:

P H Krabbendam

REGISTERED OFFICE:

The Grange

30 Vinery Road

Bury St Edmunds

Suffolk

IP33 2JT

REGISTERED NUMBER:

02348171 (England and Wales)

ACCOUNTANTS:

Walter Wright

Chartered Accountants

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

FIXED ASSETS

Tangible assets

2

629,390

533,960

CURRENT ASSETS

Debtors

3

513,116

514,422

Cash at bank and in hand

21,829

28,569

534,945

542,991

CREDITORS

Amounts falling due within one year

4

55,784

53,616

NET CURRENT ASSETS

479,161

489,375

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,108,551

1,023,335

CREDITORS

Amounts falling due after more than one
year

4

(230,021

)

(262,238

)

PROVISIONS FOR LIABILITIES

-

(375

)

NET ASSETS

878,530

760,722

CAPITAL AND RESERVES

Called up share capital

5

100

Revaluation reserve

396,136

297,538

Profit and loss account

482,294

463,084

SHAREHOLDERS' FUNDS

878,530

760,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 14 June 2017 and were signed by:

Mrs K F Krabbendam - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Turnover

Turnover represents the fair value of services provided during the year, is recognised as the right to

consideration is earned and excludes Value Added Tax. Unbilled turnover is included as accrued

income within debtors. Where individual on-account billings exceed revenue recognised, the excess is

classified as deferred income within creditors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

No depreciation is charged on freehold land and buildings. Where buildings are maintained to such a

standard that their residual value is not less than their cost or valuation, no depreciation is charged as

it is not material. The directors perform annual impairment reviews to ensure that the recoverable

amount is not less than the book value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2015

605,546

Revaluations

98,598

At 30 September 2016

704,144

DEPRECIATION

At 1 October 2015

71,586

Charge for year

3,168

At 30 September 2016

74,754

NET BOOK VALUE

At 30 September 2016

629,390

At 30 September 2015

533,960

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 512,466 (2015 - £ 512,466 )

4.

CREDITORS

Creditors include an amount of £ 260,521 (2015 - £ 291,238 ) for which security has been given.

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

2016

2015

£

Repayable by instalments

115,419

149,447

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

6.	ULTIMATE PARENT COMPANY

Norpark Ventures Limited is regarded by the director as being the company's ultimate parent company.

The director's interest in the share capital of the ultimate parent company is disclosed in that

company's accounts.

The company has entered into a cross guarantee and debenture with Norpark Ventures Limited in

respect of bank advances to Grange Residential Homes Limited.