Greenhill Care Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06410780 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Greenhill Care Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A S Paul

S K Paul

K S Paul

S S Paul

SECRETARY:

S S Paul

REGISTERED OFFICE:

20 Exhibition House

Addison Bridge Place

London

W14 8XP

REGISTERED NUMBER:

06410780 (England and Wales)

FIXED ASSETS

Intangible assets

4

123,550

137,670

Tangible assets

5

2,295

8,940

125,845

146,610

CURRENT ASSETS

Debtors

6

41,182

20,824

Cash at bank and in hand

23,551

71,195

64,733

92,019

CREDITORS

Amounts falling due within one year

7

36,533

17,571

NET CURRENT ASSETS

28,200

74,448

TOTAL ASSETS LESS CURRENT LIABILITIES

154,045

221,058

CAPITAL AND RESERVES

Called up share capital

8

300,100

300,100

Retained earnings

9

(146,055

)

(79,042

)

SHAREHOLDERS' FUNDS

154,045

221,058

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2021 and were signed on its behalf by:

S S Paul - Director

1.	STATUTORY INFORMATION

Greenhill Care Homes 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.

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 net invoiced fee income excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

The directors' consider that continued amortisation on this basis will ensure a true and fair value.

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.

Plant and machinery etc

-

20% 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

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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2019 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

282,400

AMORTISATION

At 1 April 2019

144,730

Charge for year

14,120

At 31 March 2020

158,850

NET BOOK VALUE

At 31 March 2020

123,550

At 31 March 2019

137,670

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

140,967

Additions

3,211

At 31 March 2020

144,178

DEPRECIATION

At 1 April 2019

132,027

Charge for year

9,856

At 31 March 2020

141,883

NET BOOK VALUE

At 31 March 2020

2,295

At 31 March 2019

8,940

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

10,653

4,888

Other debtors

30,529

15,936

41,182

20,824

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

24,416

11,094

Other creditors

12,117

6,477

36,533

17,571

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

300,000

Preference

£1

300,000

300,000

300,100

300,100

9.

RESERVES

Retained

earnings

£

At 1 April 2019

(79,042

)

Deficit for the year

(67,013

)

At 31 March 2020

(146,055

)