Leisure Care Homes Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03862625 (England and Wales)

LEISURE CARE HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D E Brooks

Mrs B M Brooks

J P Brooks

REGISTERED OFFICE:

Wide-A-Wake

10 Seacroft Esplanade

Skegness

Lincolnshire

PE25 3BE

REGISTERED NUMBER:

03862625 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

27 - 29 Lumley Avenue

Skegness

Lincolnshire

PE25 2AT

FIXED ASSETS

Tangible assets

4

64,380

60,892

CURRENT ASSETS

Stocks

1,200

1,200

Debtors

5

70,384

82,738

Cash at bank and in hand

86,740

127,951

158,324

211,889

CREDITORS

Amounts falling due within one year

6

226,819

122,774

NET CURRENT (LIABILITIES)/ASSETS

(68,495

)

89,115

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,115

)

150,007

CREDITORS

Amounts falling due after more than one year

7

-

(161,728

)

PROVISIONS FOR LIABILITIES

8

(3,622

)

(4,285

)

NET LIABILITIES

(7,737

)

(16,006

)

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

(8,737

)

(17,006

)

SHAREHOLDERS' FUNDS

(7,737

)

(16,006

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 13 November 2017 and were signed on its behalf by:

D E Brooks - Director

1.	STATUTORY INFORMATION

Leisure Care Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements for the year ended 31 August 2017 are the first financial statements of Leisure Care Homes

Limited prepared in accordance with FRS 102. There are no adjustments required on transition.

Turnover

Turnover represents invoiced sales of services.

Tangible fixed assets

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

Improvements to property

-

33% on cost, 20% on cost, 10% on cost and 5% on cost

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of

financial position 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.

Government grants

Grants received of a revenue nature are offset against the expenditure to which they relate in the profit and loss account as

it is incurred. Grants received of a capital nature are offset against the cost of the capital item to which they relate.

Going concern

At 31 August 2017 the company owed the parent company £213,328. The parent company has agreed that it will not

withdraw this amount ahead of other creditors. The company is dependent upon the support of the parent company to

continue trading and the directors have indicated that support to the company is their intention.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

466,761

Additions

20,610

At 31 August 2017

487,371

DEPRECIATION

At 1 September 2016

405,869

Charge for year

17,122

At 31 August 2017

422,991

NET BOOK VALUE

At 31 August 2017

64,380

At 31 August 2016

60,892

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

70,384

79,806

Other debtors

-

2,932

70,384

82,738

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

19,685

24,317

Taxation and social security

13,069

7,800

Other creditors

194,065

90,657

226,819

122,774

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

-

161,728

8.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

3,622

4,285

Deferred

tax

£

Balance at 1 September 2016

4,285

Credit to Income Statement during year

(663

)

Balance at 31 August 2017

3,622

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1,000

Ordinary

1.00

1,000

1,000

10.	RELATED PARTY DISCLOSURES

During the year the company entered into transactions with the following related parties. All were on normal commercial

terms in the ordinary course of business:

11.	ULTIMATE HOLDING COMPANY