Bitterne Care Homes Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09731866 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

FOR

BITTERNE CARE HOMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr F R Fazel

SECRETARY:

Mr J R Bandali

REGISTERED OFFICE:

9 Cobbett Road

Southampton

Hampshire

SO18 1HJ

REGISTERED NUMBER:

09731866 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Intangible assets

4

262,500

300,000

Tangible assets

5

815,037

829,424

1,077,537

1,129,424

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

6

24,548

10,949

Cash at bank

58,022

28,529

83,570

40,478

CREDITORS

Amounts falling due within one year

7

200,131

153,594

NET CURRENT LIABILITIES

(116,561

)

(113,116

)

TOTAL ASSETS LESS CURRENT LIABILITIES

960,976

1,016,308

CREDITORS

Amounts falling due after more than one year

8

(963,046

)

(1,044,936

)

PROVISIONS FOR LIABILITIES

10

(571

)

(848

)

NET LIABILITIES

(2,641

)

(29,476

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,741

)

(29,576

)

SHAREHOLDERS' FUNDS

(2,641

)

(29,476

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 20 May 2020 and were signed by:

Mr F R Fazel - Director

1.	STATUTORY INFORMATION

Bitterne Care Homes Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements show a net current liability and net liability position at the balance sheet date.

This position is due to amounts owed to connected parties. Those connected parties have agreed not

to seek repayment of the money owed to them unless the company has sufficient funds to do so. The

directors, on this basis, have prepared the financial statements on the going concern basis.

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 2016, 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

-

33% on cost and 25% on reducing balance

Land is not depreciated.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Stock is valued on a first in first out basis.

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.

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 14 (2018 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2018

and 31 August 2019

375,000

AMORTISATION

At 1 September 2018

75,000

Charge for year

37,500

At 31 August 2019

112,500

NET BOOK VALUE

At 31 August 2019

262,500

At 31 August 2018

300,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2018

and 31 August 2019

841,144

16,512

857,656

DEPRECIATION

At 1 September 2018

22,605

5,627

28,232

Charge for year

11,323

3,064

14,387

At 31 August 2019

33,928

8,691

42,619

NET BOOK VALUE

At 31 August 2019

807,216

7,821

815,037

At 31 August 2018

818,539

10,885

829,424

Included in cost of land and buildings is freehold land of £ 275,000 (2018 - £ 275,000 ) which is not

depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

19,177

4,770

Other debtors

5,371

6,179

24,548

10,949

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade creditors

15,709

3,587

Taxation and social security

22,380

19,492

Other creditors

162,042

130,515

200,131

153,594

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

£

£

Other creditors

963,046

1,044,936

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.19

31.8.18

£

£

Other loans

694,812

757,570

Other loans are secured against the company's properties.

10.	PROVISIONS FOR LIABILITIES

31.8.19

31.8.18

£

£

Deferred tax

571

848

Deferred

tax

£

Balance at 1 September 2018

848

Utilised during year

(277

)

Balance at 31 August 2019

571

11.	RELATED PARTY DISCLOSURES

The aggregate amount owed to connected companies at the balance sheet date is £4,500 (31.8.18:

£Nil).

The aggregate amount owed to the directors at the balance sheet date is £36,882 (31.8.18: £32,608)

During the year the company was charged £53,917 (31.8.18: £64,300) for bookkeeping services,

administration and management charges by the directors and connected companies.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr F R Fazel.