ACCOUNTS - Final Accounts

Cash and cash equivalents

MORAR STOWMARKET LTD - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-02-282017-02-28Provision of residential nursing care facilitiefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2016-03-01 08891118 2016-03-01 2017-02-28 08891118 2015-03-01 2016-02-29 08891118 2017-02-28 08891118 2016-02-29 08891118 c:Director1 2016-03-01 2017-02-28 08891118 c:Director1 2017-02-28 08891118 c:Director2 2016-03-01 2017-02-28 08891118 c:Director2 2017-02-28 08891118 c:Director3 2016-03-01 2017-02-28 08891118 c:Director3 2017-02-28 08891118 c:Director4 2016-03-01 2017-02-28 08891118 c:Director4 2017-02-28 08891118 c:Director5 2016-03-01 2017-02-28 08891118 c:Director5 2017-02-28 08891118 c:RegisteredOffice 2016-03-01 2017-02-28 08891118 d:Buildings 2016-03-01 2017-02-28 08891118 d:Buildings 2017-02-28 08891118 d:CurrentFinancialInstruments 2017-02-28 08891118 d:CurrentFinancialInstruments d:WithinOneYear 2017-02-28 08891118 d:ShareCapital 2017-02-28 08891118 d:ShareCapital 2016-02-29 08891118 d:RetainedEarningsAccumulatedLosses 2017-02-28 08891118 c:OrdinaryShareClass1 2016-03-01 2017-02-28 08891118 c:OrdinaryShareClass1 2017-02-28 08891118 c:OrdinaryShareClass1 2016-02-29 08891118 c:FRS102 2016-03-01 2017-02-28 08891118 c:AuditExempt-NoAccountantsReport 2016-03-01 2017-02-28 08891118 c:FullAccounts 2016-03-01 2017-02-28 08891118 c:PrivateLimitedCompanyLtd 2016-03-01 2017-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08891118

STOWMARKET CARE CENTRE LIMITED

(Formerly Saxitech Limited)

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017


STOWMARKET CARE CENTRE LIMITED (Formerly Saxitech Limited)

COMPANY INFORMATION

Directors	B Kahan (resigned 17 May 2016)
	K S Gill (appointed 17 May 2016)
	R Turner (appointed 3 August 2017)
	B Hayes (appointed 21 August 2017)
	HS Atkar (appointed 21 August 2017)


Registered number	08891118


Registered office	Millhouse
	32-38 East Street
	Rochford
	Essex
	SS4 1DB


Accountants	Venthams
	Chartered Accountants
	Millhouse
	32 - 38 East Street
	Rochford
	Essex
	SS4 1DB


STOWMARKET CARE CENTRE LIMITED (Formerly Saxitech Limited)

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 6


STOWMARKET CARE CENTRE LIMITED (Formerly Saxitech Limited) REGISTERED NUMBER:08891118

BALANCE SHEET

AS AT 28 FEBRUARY 2017

	28 February	29 February
	2017	2016
Note	£	£

Fixed assets
Tangible assets	4		107,056		-
			107,056		-
Current assets
Cash at bank and in hand	5	100		1
		100		1
Creditors: amounts falling due within one year	6	(108,856)		-
Net current (liabilities)/assets			(108,756)		1
Total assets less current liabilities			(1,700)		1

Net (liabilities)/assets			(1,700)		1

Capital and reserves
Called up share capital	7	100	1
Profit and loss account		(1,800)	-
		(1,700)	1

Page 1


STOWMARKET CARE CENTRE LIMITED (Formerly Saxitech Limited) REGISTERED NUMBER:08891118

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2017

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

K S Gill

Director

Date: 29 November 2017

Page 2


STOWMARKET CARE CENTRE LIMITED (Formerly Saxitech Limited)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

1.	General information

Stowmarket Care Centre Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex SS4 1DB.
The prinicpal activity of the company continued to be that of provision of residential nursing care facilities.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property

Held at cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3


STOWMARKET CARE CENTRE LIMITED (Formerly Saxitech Limited)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

2.Accounting policies (continued)

2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2016 - 2).

Page 4


STOWMARKET CARE CENTRE LIMITED (Formerly Saxitech Limited)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

4.	Tangible fixed assets

		Freehold property
		£
	Cost or valuation
	Additions	107,056
	At 28 February 2017	107,056

	At 28 February 2017	-
	Net book value
	At 28 February 2017	107,056
	At 29 February 2016	-

Cash at bank and in hand	100	1
	100	1

Other creditors	107,056	-
Accruals and deferred income	1,800	-
	108,856	-

Page 5


STOWMARKET CARE CENTRE LIMITED (Formerly Saxitech Limited)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

Allotted, called up and fully paid

100 (2016 - 1) Ordinary shares of £1 each	100	1

During the year 99 Ordinary shares were issued at par.

8.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 6