BONDCARE_4_LIMITED - Accounts

BONDCARE 4 LIMITED - Company Information

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Company Registration No. 06528327 (England and Wales)

BONDCARE 4 LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

BONDCARE 4 LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

BONDCARE 4 LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

1,083,380

6,110,346

Investments

1,083,381

6,110,346

Current assets

Debtors

554,608

247,280

Cash at bank and in hand

576

20,697

555,184

267,977

Creditors: amounts falling due within one year

(1,035,115)

(736,554)

Net current liabilities

(479,931)

(468,577)

Total assets less current liabilities

603,450

5,641,769

Creditors: amounts falling due after more than one year

(2,288,064)

(6,349,719)

(1,684,614)

(707,950)

Capital and reserves

Called up share capital

200

Profit and loss account

(1,684,814)

(708,150)

Shareholders' funds

(1,684,614)

(707,950)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 February 2016

Mr L Levison

Director

Company Registration No. 06528327

BONDCARE 4 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services provided during the year.provided during the year.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Straight line

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

BONDCARE 4 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2014

6,128,854

Additions

40,449

40,450

Disposals

(5,085,923)

At 31 December 2014

1,083,380

1,083,381

Depreciation

At 1 January 2014

18,508

On disposals

(18,508)

At 31 December 2014

Net book value

At 31 December 2014

1,083,380

1,083,381

At 31 December 2013

6,110,346

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Care Worldwide (Nottingham) Limited

England & Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

Care Worldwide (Nottingham) Limited

Carehome operation

331,570

331,569

Share capital

2014

Allotted, called up and fully paid

200 Ordinary Shares of £1 each

200

BONDCARE 4 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 4 -

Ultimate parent company

The Company's ultimate controlling party is Finsbury Trust Corporation Limited, a company registered in Gibraltar.