Heatherland Healthcare Limited - Accounts to registrar

REGISTERED NUMBER: 04481612 (England and Wales)

Abridged Financial Statements For The Year Ended 30 April 2017

for

Heatherland Healthcare Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Allana

Mrs S Asaria

SECRETARY:

Mrs S Manji

REGISTERED OFFICE:

Heatherland Healthcare Limited

19-23 Lovedean Lane

Horndean

Waterlooville

Hampshire

PO8 8HJ

REGISTERED NUMBER:

04481612 (England and Wales)

SENIOR STATUTORY AUDITOR:

Sibtain Versi

AUDITORS:

Citi Partners Consultants LLP

Chartered Accountants & Statutory Auditors

86 Victoria Road North

Southsea

Hampshire

PO5 1QA

FIXED ASSETS

Intangible assets

4

33,000

37,125

Tangible assets

5

948,873

973,129

Investments

6

3,000

984,873

1,013,254

CURRENT ASSETS

Stocks

3,465

Debtors

536,693

1,020,467

Cash at bank and in hand

684,084

249,882

1,224,242

1,273,814

CREDITORS

Amounts falling due within one year

(510,056

)

(567,457

)

NET CURRENT ASSETS

714,186

706,357

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,699,059

1,719,611

CREDITORS

Amounts falling due after more than one year

7

(335,250

)

(409,750

)

PROVISIONS FOR LIABILITIES

(18,611

)

(21,880

)

NET ASSETS

1,345,198

1,287,981

CAPITAL AND RESERVES

Called up share capital

50,000

Retained earnings

1,295,198

1,237,981

SHAREHOLDERS' FUNDS

1,345,198

1,287,981

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 August 2017 and were signed on its behalf by:

M Allana - Director

1.	STATUTORY INFORMATION

Heatherland Healthcare Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

Straight line over 100 years

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or

substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2016 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

and 30 April 2017

100,000

AMORTISATION

At 1 May 2016

62,875

Amortisation for year

4,125

At 30 April 2017

67,000

NET BOOK VALUE

At 30 April 2017

33,000

At 30 April 2016

37,125

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

1,216,785

Additions

1,353

At 30 April 2017

1,218,138

DEPRECIATION

At 1 May 2016

243,656

Charge for year

25,609

At 30 April 2017

269,265

NET BOOK VALUE

At 30 April 2017

948,873

At 30 April 2016

973,129

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 May 2016

and 30 April 2017

3,000

NET BOOK VALUE

At 30 April 2017

3,000

At 30 April 2016

3,000

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.4.17

30.4.16

£

Repayable by instalments

Bank loans more 5 yr by instal

37,250

111,750

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.17

30.4.16

£

Bank loans

409,750

484,250

The bank holds a First Legal Mortgage over the freehold property and an Unscheduled Mortgage Debenture over the assets of

the company.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sibtain Versi (Senior Statutory Auditor)

for and on behalf of Citi Partners Consultants LLP

10.	RELATED PARTY DISCLOSURES

At 30th April 2017 Heatherland Healthcare Ltd was owed £515,041 (2016: £962,020) by Tollgate Healthcare Ltd, a company

of which Heatherland Healthcare Ltd owns 30% of the share capital. Director Mrs S Asaria and the estate of her late spouse

own 7.5% of the shares in Tollgate Healthcare Ltd, and director Mr M Allana owns 5%. The directors consider the loan and

investment to be fully recoverable.

Included within other creditors are loans from the following:

M Allana (shareholding of 45%): £227,000 (2016: £252,000)

Dawa Trading Corporation Limited (shareholding of 20%): £100,000 (2016: £120,000)

Estate of A Asaria (joint shareholding of 17.5%): £4,825 (2016: £4,825)

Danen Securities Ltd (shareholding of 17.5%): £21,500 (2016: 21,500)

11.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax

authorities and assist with the preparation of the financial statements.

Heatherland Healthcare Limited - Accounts to registrar - small 17.2

Heatherland Healthcare Limited - Accounts to registrar - small 17.2