Windsar Care Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06850067 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Windsar Care Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P Anand

Dr M L R L Hemantha Kumar

SECRETARY:

Dr P Anand

REGISTERED OFFICE:

37 Warren Street

London

W1T 6AD

REGISTERED NUMBER:

06850067 (England and Wales)

ACCOUNTANTS:

SAI Enterprise Consulting Limited

28 School Lane

Slough

Berkshire

SL2 5BU

FIXED ASSETS

Tangible assets

4

3,073,198

3,146,293

CURRENT ASSETS

Debtors

5

933,825

1,112,803

Cash at bank and in hand

1,214,779

266,132

2,148,604

1,378,935

CREDITORS

Amounts falling due within one year

6

(219,631

)

(315,791

)

NET CURRENT ASSETS

1,928,973

1,063,144

TOTAL ASSETS LESS CURRENT LIABILITIES

5,002,171

4,209,437

CREDITORS

Amounts falling due after more than one year

7

(3,213,917

)

(3,219,876

)

PROVISIONS FOR LIABILITIES

(47,573

)

-

NET ASSETS

1,740,681

989,561

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,740,581

989,461

SHAREHOLDERS' FUNDS

1,740,681

989,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 31 August 2017 and were signed on its behalf by:

Dr P Anand - Director

Dr M L R L Hemantha Kumar - Director

1.	STATUTORY INFORMATION

Windsar Care 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.

Tangible fixed assets

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

Freehold property

-

2% straight Line method

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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.

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 77 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2016

3,565,058

33,558

57,135

3,655,751

Additions

-

4,944

1,100

6,044

At 31 March 2017

3,565,058

38,502

58,235

3,661,795

DEPRECIATION

At 1 April 2016

460,461

13,940

35,057

509,458

Charge for year

71,301

3,787

4,051

79,139

At 31 March 2017

531,762

17,727

39,108

588,597

NET BOOK VALUE

At 31 March 2017

3,033,296

20,775

19,127

3,073,198

At 31 March 2016

3,104,597

19,618

22,078

3,146,293

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

161,233

95,471

Other debtors

772,592

1,017,332

933,825

1,112,803

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

-

131,407

Trade creditors

7,778

33,417

Taxation and social security

202,358

150,967

Other creditors

9,495

-

219,631

315,791

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

3,213,917

3,219,876

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The balance on directors' loan account of Dr P Anand was £Nil debit balance (2016 - £154,553 debit balance)

and Dr MLH Kumar was £Nil debit balance (2016 - £824,731 debit balance) at 31 March 2016. Dr P Anand

paid £1,125.50 (2016 - £4.502) and Dr MLH Kumar paid £6,005.251 (2016 - £24,021) in interest to the

company, calculated at HMRC official rate of 3%/3.25% per annum. The directors' repaid the loan of £979,284

to the company on 4 July 2016.

The directors Dr P Anand and Dr MLH Kumar had an interest in the company's transaction with Windsar Care

(UK) LLP incorporated in UK, by virtue of the directors also being members in the LLP.

At the balance sheet date. Windsar Care (UK) LLP owed the company £57,812 (2016 - £57,812).

At the balance sheet date Windsar Care Centre Ltd owed the company £733,229 (2016 - £Nil)

The company trades at arm's length with Mango Lounge Restaurant to provide canteen facilities to the company.

Dr P Anand and Dr MLH Kumar are partners in Mango Lounge Restaurant.

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of Dr P Anand (26% shares) and Dr M L H Kumar (26% share) and their

families, by virtue of the fact that between them they own 100% of the issued share capital.