Oakdene Residential Home Limited - Accounts to registrar (filleted) - small 17.3

OAKDENE RESIDENTIAL HOME LIMITED

Unaudited Financial Statements

for the Year Ended 31st January 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Steele

Mrs I Steele

SECRETARY:

E Steele

REGISTERED OFFICE:

1 Abbots Quay

Monks Ferry

Birkenhead

Merseyside

CH41 5LH

REGISTERED NUMBER:

04596736 (England and Wales)

FIXED ASSETS

Intangible assets

4

6,000

7,000

Tangible assets

5

8,465

9,959

14,465

16,959

CURRENT ASSETS

Debtors

6

36,530

40,528

Cash at bank

11,004

13,875

47,534

54,403

CREDITORS

Amounts falling due within one year

7

23,097

28,800

NET CURRENT ASSETS

24,437

25,603

TOTAL ASSETS LESS CURRENT LIABILITIES

38,902

42,562

CREDITORS

Amounts falling due after more than one year

8

38,459

38,459

NET ASSETS

443

4,103

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

441

4,101

SHAREHOLDERS' FUNDS

443

4,103

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 30th October 2017 and were signed on its behalf by:

E Steele - Director

1.	STATUTORY INFORMATION

Oakdene Residential Home 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.

Plant and equipment

-

15% on reducing balance

Financial instruments

Debtors, creditors, directors loan (being repayable on demand) and other loans (being repayable on demand) are

measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2016

and 31st January 2017

20,000

AMORTISATION

At 1st February 2016

13,000

Charge for year

1,000

At 31st January 2017

14,000

NET BOOK VALUE

At 31st January 2017

6,000

At 31st January 2016

7,000

5.	TANGIBLE FIXED ASSETS

Plant and

equipment

£

COST

At 1st February 2016

and 31st January 2017

49,248

DEPRECIATION

At 1st February 2016

39,289

Charge for year

1,494

At 31st January 2017

40,783

NET BOOK VALUE

At 31st January 2017

8,465

At 31st January 2016

9,959

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

36,530

40,528

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

930

1,294

Taxation and social security

8,295

10,993

Other creditors

13,872

16,513

23,097

28,800

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Loan

38,459

38,459

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2017 and

31st January 2016:

2017

2016

£

£

E Steele

Balance outstanding at start of year

19,739

18,659

Amounts advanced

17,740

19,739

Amounts repaid

(19,739

)

(18,659

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,740

19,739

Mrs I Steele

Balance outstanding at start of year

19,739

18,659

Amounts advanced

17,740

19,739

Amounts repaid

(19,739

)

(18,659

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,740

19,739

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £26,500 were paid to the directors .