Pepperwood Care Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07547085 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Pepperwood Care Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms J Chohan

REGISTERED OFFICE:

12 Pepperwood drive

Birmingham

West Midlands

B31 5HX

REGISTERED NUMBER:

07547085 (England and Wales)

ACCOUNTANTS:

Callander Colgan Limited

10 Ardross Street

Inverness

IV3 5NS

FIXED ASSETS

Investments

2

789,381

-

CURRENT ASSETS

Debtors

3

942,880

2

Cash at bank

57,030

-

999,910

2

CREDITORS

Amounts falling due within one year

4

742,419

-

NET CURRENT ASSETS

257,491

2

TOTAL ASSETS LESS CURRENT LIABILITIES

1,046,872

2

CREDITORS

Amounts falling due after more than one year

4

1,054,166

-

NET (LIABILITIES)/ASSETS

(7,294

)

2

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

(7,296

)

-

SHAREHOLDERS' FUNDS

(7,294

)

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 3 November 2014 and were signed by:

Ms J Chohan - Director

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 April 2008).

Fundamental accounting concept - going concern

The directors are aware of the net current liability and net liability position of the company. The company is reliant on the

continued support of its directors and the directors have confirmed that they will not recall their loan to the detriment of

any other creditor. As a result the directors continue to adopt the going concern basis of accounting.

Deferred tax

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

where transactions or events that result in an obligation to pay more or a right to pay less tax in the future have occurred by

the balance sheet date with certain limited exemptions.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the periods in which the

timing differences are expected to reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

Investments

Investments held in fixed assets are stated at cost. Provision is made for any anticipated permanent diminution in value.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

789,381

At 31 March 2014

789,381

NET BOOK VALUE

At 31 March 2014

789,381

The company's investments at the balance sheet date in the share capital of companies include the following:

Broxburn Nursing Home Limited

Nature of business: Care Home Provider

%

Class of shares:

holding

Ordinary

100.00

31.3.14

31.3.13

£

£

Aggregate capital and reserves

230,361

780,852

(Loss)/profit for the year

(548,366

)

183,773

During the year the company purchased 100% of the share capital of Broxburn Nursing Home Limited. The results above

include include the period of time before and after ownership was transferred.

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 831,879

4.

CREDITORS

Creditors include an amount of £ 1,111,666 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary Shares

1

2

2