Blossom Group Holdings Limited - Period Ending 2018-03-31
Blossom Group Holdings Limited - Period Ending 2018-03-31
Registration number:
Blossom Group Holdings Limited
for the Period from 1 March 2017 to 31 March 2018
Chartered Certified Accountant
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Herts
SG4 0TW
Blossom Group Holdings Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Accountants' Report |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Blossom Group Holdings Limited
Company Information
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Directors |
Dr Vipul Parbat Dr Vishen Ramkisson Dr Sachin Gupta Dr Kalyan K Bollom Dr Obinna Ezeuko |
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Registered office |
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Accountants |
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Page 1 |
Blossom Group Holdings Limited
Strategic Report for the Period from 1 March 2017 to 31 March 2018
The directors present their strategic report for the period from 1 March 2017 to 31 March 2018.
Principal activity
The principal activity of the company is Management activities of holding companies of Nursing and Care Homes
Approved by the
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Director
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Director
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Page 2 |
Blossom Group Holdings Limited
Directors' Report for the Period from 1 March 2017 to 31 March 2018
The directors present their report and the financial statements for the period from 1 March 2017 to 31 March 2018.
Incorporation
The company was incorporated on
Directors of the company
The directors who held office during the period were as follows:
Financial instruments
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the
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Director
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Director
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Page 3 |
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Blossom Group Holdings Limited
for the Period Ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Blossom Group Holdings Limited for the period ended 31 March 2018 as set out on pages 5 to 11 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
This report is made solely to the Board of Directors of Blossom Group Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Blossom Group Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Blossom Group Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blossom Group Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Blossom Group Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Blossom Group Holdings Limited. You consider that Blossom Group Holdings Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Blossom Group Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Certified Accountant
Wilbury Way
Hitchin
Herts
SG4 0TW
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Page 4 |
Blossom Group Holdings Limited
(Registration number: 10645623)
Balance Sheet as at 31 March 2018
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Note |
2018 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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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 |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 accounts. |
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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Page 5 |
Blossom Group Holdings Limited
(Registration number: 10645623)
Balance Sheet as at 31 March 2018
Approved and authorised by the
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Director
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Director
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Page 6 |
Blossom Group Holdings Limited
Statement of Changes in Equity for the Period from 1 March 2017 to 31 March 2018
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Share capital |
Total |
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New share capital subscribed |
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At 31 March 2018 |
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Page 7 |
Blossom Group Holdings Limited
Notes to the Financial Statements for the Period from 1 March 2017 to 31 March 2018
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
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Page 8 |
Blossom Group Holdings Limited
Notes to the Financial Statements for the Period from 1 March 2017 to 31 March 2018
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Page 9 |
Blossom Group Holdings Limited
Notes to the Financial Statements for the Period from 1 March 2017 to 31 March 2018
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Investments in subsidiaries, joint ventures and associates |
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31 March 2018 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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Additions |
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Provision |
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Carrying amount |
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At 31 March 2018 |
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Debtors |
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31 March 2018 |
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Other debtors |
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Cash and cash equivalents |
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31 March 2018 |
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Cash at bank |
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Creditors |
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Note |
31 March 2018 |
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Due within one year |
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Amounts due to related parties |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
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2018 |
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No. |
£ |
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100 |
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Page 10 |
Blossom Group Holdings Limited
Notes to the Financial Statements for the Period from 1 March 2017 to 31 March 2018
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Loans and borrowings |
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31 March 2018 |
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Non-current loans and borrowings |
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Other borrowings |
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Related party transactions |
Summary of transactions with subsidiaries
Blossom Group Holdings also hold substantial shares is Jade Blossom Limited and influences through their management and all the Directors are actively involved in the management of Jade Blossom Limited.
Blossom Group Holdings Limited specialises in managing and running elderly Nursing and Residential Care homes.
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Page 11 |