Redhouse Care Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08098544 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

REDHOUSE CARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B S Sanghera

REGISTERED OFFICE:

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

REGISTERED NUMBER:

08098544 (England and Wales)

ACCOUNTANTS:

The Carley Partnership

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

FIXED ASSETS

Intangible assets

4

-

230,000

Tangible assets

5

1,074,445

1,078,360

1,074,445

1,308,360

CURRENT ASSETS

Debtors

6

604,772

614,905

Cash at bank

144,671

147,659

749,443

762,564

CREDITORS

Amounts falling due within one year

7

164,464

182,232

NET CURRENT ASSETS

584,979

580,332

TOTAL ASSETS LESS CURRENT LIABILITIES

1,659,424

1,888,692

CREDITORS

Amounts falling due after more than one year

8

(1,547,459

)

(1,619,817

)

PROVISIONS FOR LIABILITIES

(42,035

)

(36,328

)

NET ASSETS

69,930

232,547

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

69,830

232,447

SHAREHOLDERS' FUNDS

69,930

232,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 June 2018 and were signed by:

B S Sanghera - Director

1.	STATUTORY INFORMATION

Redhouse 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 September 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date

of transition to FRS 102 Section 1A is 1 October 2015.

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 2012, is being amortised evenly over its estimated useful life of five years.

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 machinery etc

-

15% on reducing balance

Freehold and leasehold land and buildings are not depreciated. This represents a departure from the provisions of

the Companies Act 2006. The company has a policy and practice of regular maintenance and repair, the charges

for which are recognised in the profit and loss account as incurred. The company believes that such a policy

ensures that the estimated residual values of its properties at the balance sheet date are maintained at levels not

materially different from the carrying amount of the assets. As such, no depreciation charge is made on the

grounds that any such charge would be immaterial.

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 40 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

1,150,000

AMORTISATION

At 1 October 2016

920,000

Charge for year

230,000

At 30 September 2017

1,150,000

NET BOOK VALUE

At 30 September 2017

-

At 30 September 2016

230,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2016

and 30 September 2017

1,052,260

50,000

1,102,260

DEPRECIATION

At 1 October 2016

-

23,900

23,900

Charge for year

-

3,915

3,915

At 30 September 2017

-

27,815

27,815

NET BOOK VALUE

At 30 September 2017

1,052,260

22,185

1,074,445

At 30 September 2016

1,052,260

26,100

1,078,360

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

604,772

614,905

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

77,599

75,737

Taxation and social security

-

7,257

Other creditors

86,865

99,238

164,464

182,232

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

1,547,459

1,619,817

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

1,216,015

1,296,326

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

1,625,058

1,695,554

The bank loan is secured by charges over the company's freehold property and that of other companies which are

controlled by the director, by charges over certain of the director's personal assets, and by the director's personal

guarantee.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

1

100

100