New Century Care (Ash) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03544185 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2019 TO 31 JANUARY 2020

FOR

NEW CENTURY CARE (ASH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Aytan

S S Johal

I S Toot

REGISTERED OFFICE:

2 The Links

Herne Bay

Kent

CT6 7GQ

BUSINESS ADDRESS:

High View Oast Care Home

Poulton Lane

Ash

Canterbury

Kent

CT3 2HN

REGISTERED NUMBER:

03544185 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

2 The Links

HERNE BAY

Kent

CT6 7GQ

FIXED ASSETS

Tangible assets

5

39,394

44,459

Investments

6

-

53,938

Investment property

7

-

575,540

39,394

673,937

CURRENT ASSETS

Stocks

1,000

-

Debtors

8

621,916

40,456

Cash at bank and in hand

7,589

107,625

630,505

148,081

CREDITORS

Amounts falling due within one year

9

210,432

623,400

NET CURRENT ASSETS/(LIABILITIES)

420,073

(475,319

)

TOTAL ASSETS LESS CURRENT LIABILITIES

459,467

198,618

CAPITAL AND RESERVES

Called up share capital

10

100

100

Other reserves

47,880

47,880

Retained earnings

411,487

150,638

SHAREHOLDERS' FUNDS

459,467

198,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2020 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 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 by the Board of Directors and authorised for issue on 15 December 2020 and were signed on its behalf by:

J Aytan - Director

S S Johal - Director

I S Toot - Director

1.	STATUTORY INFORMATION

New Century Care (Ash) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks 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 period 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 period 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.

Going concern

The accounts have been prepared on the going concern basis, as the directors and shareholders of the ultimate parent company have guaranteed their full support to the company to meet obligations as they fall due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 34 (2018 - 36 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2019

408,232

Additions

2,387

At 31 January 2020

410,619

DEPRECIATION

At 1 January 2019

363,773

Charge for period

7,452

At 31 January 2020

371,225

NET BOOK VALUE

At 31 January 2020

39,394

At 31 December 2018

44,459

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2019

53,938

Disposals

(53,938

)

At 31 January 2020

-

NET BOOK VALUE

At 31 January 2020

-

At 31 December 2018

53,938

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2019

922,401

Disposals

(922,401

)

At 31 January 2020

-

DEPRECIATION

At 1 January 2019

346,861

Charge for period

2,100

Eliminated on disposal

(348,961

)

At 31 January 2020

-

NET BOOK VALUE

At 31 January 2020

-

At 31 December 2018

575,540

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2018

£

£

Trade debtors

46,144

10,100

Amounts owed by group undertakings

573,513

-

Other debtors

2,259

30,356

621,916

40,456

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2018

£

£

Trade creditors

89,834

40,026

Amounts owed to group undertakings

-

490,633

Taxation and social security

6,681

9,538

Other creditors

113,917

83,203

210,432

623,400

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2018

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

Within other creditors are the following transactions:

1. £50,000, which has been loaned from N & I Holdings Ltd. A company which Mr Toot is a director.

2. £25,000, which has been loaned from AMC International Ltd. A company which Mr J Aytan is a director.