Glenarie House Nursing Home Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04995153 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Glenarie House Nursing Home Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A M Grugel

R P Grugel

SECRETARY:

A M Grugel

REGISTERED OFFICE:

Oriel House

2 - 8 Oriel Road

Bootle

Merseyside

L20 7EP

REGISTERED NUMBER:

04995153 (England and Wales)

ACCOUNTANTS:

SB&P LLP

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

2

17,011

14,729

CURRENT ASSETS

Stocks

775

775

Debtors

13,294

-

Cash at bank and in hand

169,936

158,241

184,005

159,016

CREDITORS

Amounts falling due within one year

3

119,914

114,281

NET CURRENT ASSETS

64,091

44,735

TOTAL ASSETS LESS CURRENT LIABILITIES

81,102

59,464

PROVISIONS FOR LIABILITIES

3,056

2,523

NET ASSETS

78,046

56,941

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

78,044

56,939

SHAREHOLDERS' FUNDS

78,046

56,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 September 2016 and were signed on its behalf by:

A M Grugel - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the fair value of services provided under contracts with residents to the extent that there is a

right to consideration. Where a service is incomplete at the year end, turnover represents the value of the

service provided to that date based on an appropriate proportion of the total expected consideration at

completion.

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

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

The deferred tax is measured at the rate expected to apply in the periods in which the timing differences are

expected to reverse, based on the tax rates and laws that are enacted or substantively enacted at the balance

sheet date. Timing differences arise from the inclusion of items of expenditure in taxation computations in

periods different from those in which they are included in the company financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

56,905

Additions

7,952

At 31 March 2016

64,857

DEPRECIATION

At 1 April 2015

42,176

Charge for year

5,670

At 31 March 2016

47,846

NET BOOK VALUE

At 31 March 2016

17,011

At 31 March 2015

14,729

3.

CREDITORS

Creditors include an amount of £ 4,544 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

2

Ordinary

£1

2

2