Park House Care (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05869596 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

PARK HOUSE CARE (UK) LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

32,877

40,364

Current assets

Debtors

5

192,332

207,561

Cash at bank and in hand

39

39

192,371

207,600

Creditors

Amounts falling due within one year

6

186,124

174,172

Net current assets

6,247

33,428

Total assets less current liabilities

39,124

73,792

Creditors

Amounts falling due after more than one year

7

(35,000

)

(65,557

)

Provisions for liabilities

9

(3,559

)

(7,938

)

Net assets

565

297

Capital and reserves

Called up share capital

10

100

100

Retained earnings

465

197

Shareholders' funds

565

297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2022 and were signed on its behalf by:

Mr S S Cannie - Director

1.	Statutory information

Park House Care (UK) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05869596. The registered office and business address is Park House, Martinstown, Dorchester, Dorset, DT2 9JN.

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.

Turnover

Turnover represents amounts received for care services provided during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 30 (2020 - 38 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2021

and 31 December 2021

141,423

25,250

8,993

175,666

Depreciation

At 1 January 2021

113,570

13,128

8,604

135,302

Charge for year

4,178

3,030

279

7,487

At 31 December 2021

117,748

16,158

8,883

142,789

Net book value

At 31 December 2021

23,675

9,092

110

32,877

At 31 December 2020

27,853

12,122

389

40,364

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

Cost

At 1 January 2021

21,250

Transfer to ownership

(21,250

)

At 31 December 2021

-

Depreciation

At 1 January 2021

9,297

Transfer to ownership

(9,297

)

At 31 December 2021

-

Net book value

At 31 December 2021

-

At 31 December 2020

11,953

5.

Debtors: amounts falling due within one year

2021

2020

£

£

Trade debtors

13,217

13,858

Other debtors

40,434

40,434

Directors' current accounts

132,610

148,997

Prepayments and accrued income

6,071

4,272

192,332

207,561

6.

Creditors: amounts falling due within one year

2021

2020

£

£

Bank loans and overdrafts

31,891

23,061

Other loans

5,706

32,844

Finance leases

-

3,273

Trade creditors

12,983

16,768

Tax

28,754

17,979

Social security and other taxes

22,466

8,689

Pensions owing

1,513

1,666

Other creditors

41,973

24,301

Accruals and deferred income

40,838

45,591

186,124

174,172

7.

Creditors: amounts falling due after more than one year

2021

2020

£

£

Bank loans - 1-2 years

10,000

9,685

Bank loans - 2-5 years

25,000

30,312

Bank loans more 5 yr by instal

-

5,211

Other loans - 1-2 years

-

5,706

Finance leases

-

14,643

35,000

65,557

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

5,211

8.	Secured debts

The following secured debts are included within creditors:

2021

2020

£

£

Finance leases

-

17,916

Amounts owing under finance lease agreements are secured against the assets to which they relate.

9.	Provisions for liabilities

2021

2020

£

£

Deferred tax

3,559

7,938

Deferred

tax

£

Balance at 1 January 2021

7,938

Credit to Income statement during year

(4,379

)

Balance at 31 December 2021

3,559

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

11.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2021 and 31 December 2020:

2021

2020

£

£

Mr S S Cannie and Mrs K E Cannie

Balance outstanding at start of year

148,997

165,055

Amounts advanced

123,565

148,361

Amounts repaid

(139,952

)

(164,419

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

132,610

148,997

At the year end the directors, Mr S and Mrs K Cannie, owed the company amounts totalling £132,610 (2020: £148,997), which are included within Debtors: amounts falling due within one year. The balance at the start of the year was the maximum amount owing throughout the year.

12.	Ultimate controlling party

The company is under the control of the directors, by virtue of their combined ownership of 100% of the issued share capital of the company.