Riviera Care Limited Filleted accounts for Companies House (small and micro)
Riviera Care Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03951253
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed Assets
Tangible assets |
5 |
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Fixed Asset Investments |
6 |
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Current Assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net Current Assets |
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Total Assets Less Current Liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Provisions
Taxation including deferred tax |
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Net Assets |
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Capital and Reserves
Called up share capital |
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Profit and loss account |
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Shareholders Funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
28 August 2018
, and are signed on behalf of the board by:
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Director |
Company registration number:
03951253
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Notes to the Financial Statements |
Year Ended 30 November 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Old Exeter Street, Chudleigh, Newton Abbot, Devon, TQ13 0LD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
- |
10% and 25% reducing balance |
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Motor vehicles |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
18
(2016:
19
).
5.
Tangible assets
Land and buildings |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 December 2016 |
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Additions |
– |
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– |
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At 30 November 2017 |
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Depreciation |
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At 1 December 2016 |
– |
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Charge for the year |
– |
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At 30 November 2017 |
– |
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Carrying amount |
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At 30 November 2017 |
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At 30 November 2016 |
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6.
Fixed asset investments
Riviera Support Limited |
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£ |
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Cost |
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At 1 December 2016 and 30 November 2017 |
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Impairment |
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At 1 December 2016 and 30 November 2017 |
– |
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Carrying amount |
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At 30 November 2017 |
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At 30 November 2016 |
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7.
Debtors
2017 |
2016 |
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£ |
£ |
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Trade debtors |
– |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Creditors:
amounts falling due after more than one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
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Included within creditors: amounts falling due after more than one year is an amount of £146,620 (2016: £171,917) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Bank loans and overdraft are secured by a debenture on the assets of the company.
10.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2017 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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2016 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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11.
Related party transactions
Controlling entity The company is controlled by the directors who own 100% of the called up share capital. Related party transactions At 30 November 2017 there were amounts owed by companies under common control of £227,009 (2016: £209,032) and amounts owed to companies under common control of £34,074 (2016: £12,659). The companies concerned are Riviera Support Limited and Riviera Support (South West) Limited respectively. Riviera Support Limited is a wholly owned subsidiary. Riviera Support (SW) Limited is under the control of the director, Mrs S M Bryan. During the year the company paid management charges of £ 55,000 (2016: £60,500) to Riviera Support Limited, a wholly owned subsidiary. During the year the company paid a dividend to the directors, Mr & Mrs W Bryan, of £ 44,000 (2016: 37,500). Included in other debtors is an interest free loan to the directors, Mr & Mrs W Bryan, of £ 45,645 (2016: £45,766).