PINE_LODGE_CARE_LIMITED - Accounts

P.L.C. THOMPSON LIMITED - Company Information

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Company Registration No. 07672836 (England and Wales)

PINE LODGE CARE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

PINE LODGE CARE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

PINE LODGE CARE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

2,344,000

2,490,500

Tangible assets

429,647

510,441

2,773,647

3,000,941

Current assets

Debtors

51,469

50,412

Cash at bank and in hand

117,059

75,313

168,528

125,725

Creditors: amounts falling due within one year

(298,340)

(228,112)

Net current liabilities

(129,812)

(102,387)

Total assets less current liabilities

2,643,835

2,898,554

Creditors: amounts falling due after more than one year

(2,456,793)

(2,765,270)

Provisions for liabilities

(30,500)

(39,500)

156,542

93,784

Capital and reserves

Called up share capital

Profit and loss account

156,540

93,782

Shareholder's funds

156,542

93,784

PINE LODGE CARE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2015

- 2 -

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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 22 April 2016

Mr S P Thompson

Director

Company Registration No. 07672836

PINE LODGE CARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

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

Turnover

Turnover represents amounts receivable for services.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years . of 20 years.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Land and buildings Leasehold

Over the term of the lease

Fixtures, fittings & equipment

15% reducing balance basis

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

PINE LODGE CARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 August 2014

2,930,000

660,913

3,590,913

Additions

41,024

At 31 July 2015

2,930,000

701,937

3,631,937

Depreciation

At 1 August 2014

439,500

150,472

589,972

Charge for the year

146,500

121,818

268,318

At 31 July 2015

586,000

272,290

858,290

Net book value

At 31 July 2015

2,344,000

429,647

2,773,647

At 31 July 2014

2,490,500

510,441

3,000,941

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each