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 2016

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 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

2,197,500

2,344,000

Tangible assets

335,163

429,647

2,532,663

2,773,647

Current assets

Debtors

114,150

51,469

Cash at bank and in hand

115,357

117,059

229,507

168,528

Creditors: amounts falling due within one year

(294,118)

(298,340)

Net current liabilities

(64,611)

(129,812)

Total assets less current liabilities

2,468,052

2,643,835

Creditors: amounts falling due after more than one year

(2,252,939)

(2,456,793)

Provisions for liabilities

(27,500)

(30,500)

187,613

156,542

Capital and reserves

Called up share capital

Profit and loss account

187,611

156,540

Shareholder's funds

187,613

156,542

PINE LODGE CARE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2016

- 2 -

For the financial year ended 31 July 2016 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 1 March 2017

Mr S P Thompson

Director

Company Registration No. 07672836

PINE LODGE CARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 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 January 2015).

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 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 August 2015

2,930,000

701,937

3,631,937

Additions

40,171

At 31 July 2016

2,930,000

742,108

3,672,108

Depreciation

At 1 August 2015

586,000

272,290

858,290

Charge for the year

146,500

134,655

281,155

At 31 July 2016

732,500

406,945

1,139,445

Net book value

At 31 July 2016

2,197,500

335,163

2,532,663

At 31 July 2015

2,344,000

429,647

2,773,647

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each