Care Concern (GB) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06362618 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

CARE CONCERN (GB) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B S Johal

M S Johal

SECRETARY:

M S Johal

REGISTERED OFFICE:

204 Field End Road

Eastcote

Pinner

Middlesex

HA5 1RD

REGISTERED NUMBER:

06362618 (England and Wales)

ACCOUNTANTS:

Jon Avol Waterfords

204 Field End Road

Eastcote

Pinner

Middlesex

HA5 1RD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,814,179

3,840,310

Investments

6

84,500

84,500

3,898,679

3,924,810

CURRENT ASSETS

Debtors

7

603,269

520,789

Cash at bank and in hand

240,406

245,948

843,675

766,737

CREDITORS

Amounts falling due within one year

8

(472,933

)

(529,418

)

NET CURRENT ASSETS

370,742

237,319

TOTAL ASSETS LESS CURRENT LIABILITIES

4,269,421

4,162,129

CREDITORS

Amounts falling due after more than one year

9

(2,441,320

)

(2,548,519

)

PROVISIONS FOR LIABILITIES

(230,000

)

(230,000

)

NET ASSETS

1,598,101

1,383,610

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Revaluation reserve

10

1,148,556

1,148,556

Retained earnings

448,345

233,854

SHAREHOLDERS' FUNDS

1,598,101

1,383,610

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 26 September 2017 and were signed on its behalf by:

M S Johal - Director

1.	STATUTORY INFORMATION

Care Concern (GB) 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 as modified by the revaluation of certain assets.

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 2008, is being amortised evenly over its estimated useful life of ten 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

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

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 80 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

800,000

AMORTISATION

At 1 January 2016

and 31 December 2016

800,000

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2016

3,732,114

463,574

4,195,688

Additions

-

18,192

18,192

At 31 December 2016

3,732,114

481,766

4,213,880

DEPRECIATION

At 1 January 2016

33,937

321,441

355,378

Charge for year

4,242

40,081

44,323

At 31 December 2016

38,179

361,522

399,701

NET BOOK VALUE

At 31 December 2016

3,693,935

120,244

3,814,179

At 31 December 2015

3,698,177

142,133

3,840,310

Cost or valuation at 31 December 2016 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2011

1,148,556

-

1,148,556

Cost

2,583,558

481,766

3,065,324

3,732,114

481,766

4,213,880

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST OR VALUATION

At 1 January 2016

and 31 December 2016

84,500

NET BOOK VALUE

At 31 December 2016

84,500

At 31 December 2015

84,500

Cost or valuation at 31 December 2016 is represented by:

Interest

in

associate

£

Cost

84,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

160,113

112,393

Other debtors

443,156

408,396

603,269

520,789

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

112,646

112,646

Trade creditors

39,791

37,148

Taxation and social security

119,286

92,911

Other creditors

201,210

286,713

472,933

529,418

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans

2,441,320

2,548,519

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,990,736

2,097,935

10.

RESERVES

Revaluation

reserve

£

At 1 January 2016

and 31 December 2016

1,148,556

11.	RELATED PARTY DISCLOSURES

a) As at 31st December 2016, a sum of £74,620 was owed to the Director Mr M S Johal and his associates

representing net advances made by them to the company. No interest is chargeable on this loan.

b) Other debtors include amounts owed by associated companies under the control of the Directors and their

associates, as follows:

(1) £22,300 - owed by Bearsden Care LLP

(2) £27,850- owed by Care Concern Limited

(3) £59,548 - owed by TC Care Home Limited

(4) £250,000 - owed by JTV Care Homes Limited

(5) £15,500 - owed by McKenzie Care Homes Limited

(6) £ 448 -owed by Care concern (Ayr) Limited

(7) £51,262 -owed by Kingsmead Care Home Limited

c) The Accounts reflect a management fee of £36,000 payable to an associated company McKenzie Care

Homes Limited under the control of the Directors and their associates.