Arrigadeen Nursing Home Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03958785 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Arrigadeen Nursing Home Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D K Morey

Mrs M J Buckley

Mrs L J Cook

SECRETARY:

Mrs D K Morey

REGISTERED OFFICE:

20 Cambridge Road

Clevedon

North Somerset

BS21 7HX

REGISTERED NUMBER:

03958785 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

24,915

29,312

24,915

29,312

CURRENT ASSETS

Inventories

850

850

Debtors

6

36

5,456

Cash at bank

214,563

222,371

215,449

228,677

CREDITORS

Amounts falling due within one year

7

23,797

15,366

NET CURRENT ASSETS

191,652

213,311

TOTAL ASSETS LESS CURRENT LIABILITIES

216,567

242,623

PROVISIONS FOR LIABILITIES

3,955

4,862

NET ASSETS

212,612

237,761

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

211,612

236,761

SHAREHOLDERS' FUNDS

212,612

237,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 20 July 2018 and were signed on its behalf by:

Mrs D K Morey - Director

Mrs M J Buckley - Director

1.	STATUTORY INFORMATION

Arrigadeen Nursing 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for

goods and services provided during the year. All transactions arose in the United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of seventeen 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Inventories 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2017 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

67,000

AMORTISATION

At 1 April 2017

and 31 March 2018

67,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

7,994

107,468

6,566

122,028

DEPRECIATION

At 1 April 2017

7,505

79,758

5,453

92,716

Charge for year

73

4,157

167

4,397

At 31 March 2018

7,578

83,915

5,620

97,113

NET BOOK VALUE

At 31 March 2018

416

23,553

946

24,915

At 31 March 2017

489

27,710

1,113

29,312

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Tax

-

5,420

Prepayments

36

36

36

5,456

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

4,509

715

Tax

8,774

2,834

Social security and other taxes

8,015

8,978

Accrued expenses

2,499

2,839

23,797

15,366

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 April 2017

236,761

Profit for the year

34,851

Dividends

(60,000

)

At 31 March 2018

211,612

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 were paid to the directors .