Brookvale Care Homes Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08853926 (England and Wales)

Abridged Financial Statements For The Year Ended 31 August 2017

for

Brookvale Care Homes Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Asaria

S Visram

SECRETARY:

Mrs Y Somji

REGISTERED OFFICE:

10 West Links

Tollgate

Chandlers Ford

Hampshire

SO53 3TG

REGISTERED NUMBER:

08853926 (England and Wales)

AUDITORS:

Citi Partners Consultants LLP

Chartered Accountants & Statutory Auditors

86 Victoria Road North

Southsea

Hampshire

PO5 1QA

FIXED ASSETS

Intangible assets

4

470,959

534,459

Tangible assets

5

1,173,520

1,193,040

1,644,479

1,727,499

CURRENT ASSETS

Stocks

1,029

1,000

Debtors

13,891

77,512

Cash at bank and in hand

53,448

16,175

68,368

94,687

CREDITORS

Amounts falling due within one year

(759,400

)

(902,556

)

NET CURRENT LIABILITIES

(691,032

)

(807,869

)

TOTAL ASSETS LESS CURRENT LIABILITIES

953,447

919,630

CREDITORS

Amounts falling due after more than one year

(801,270

)

(859,965

)

PROVISIONS FOR LIABILITIES

(5,476

)

(6,182

)

NET ASSETS

146,701

53,483

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

146,700

53,482

SHAREHOLDERS' FUNDS

146,701

53,483

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 January 2018 and were signed on its behalf by:

Mrs S Asaria - Director

1.	STATUTORY INFORMATION

Brookvale 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.

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 2015, 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

-

15% on cost

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2016 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2016

and 31 August 2017

635,001

AMORTISATION

At 1 September 2016

100,542

Amortisation for year

63,500

At 31 August 2017

164,042

NET BOOK VALUE

At 31 August 2017

470,959

At 31 August 2016

534,459

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2016

1,228,594

Additions

3,499

Disposals

(1,107

)

At 31 August 2017

1,230,986

DEPRECIATION

At 1 September 2016

35,554

Charge for year

22,327

Eliminated on disposal

(415

)

At 31 August 2017

57,466

NET BOOK VALUE

At 31 August 2017

1,173,520

At 31 August 2016

1,193,040

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sibtain M Versi (Senior Statutory Auditor)

for and on behalf of Citi Partners Consultants LLP

7.	RELATED PARTY DISCLOSURES

At 31st August 2017 the company owed its parent company, Farehamcourt Limited, £624,999 (2016: £779,999).

Visram Management Services Limited is a company controlled by the director Mrs S Asaria. During the year Visram

Management Services Limited invoiced the company services totalling £5,000 (2016: £12,000).

8.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax

authorities and assist with the preparation of the financial statements.