L & B Developments Group One Limited Small abridged accounts

HAFOD Y GREEN CARE LTD - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of L & B Developments Group One Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 4903407

L & B Developments Group One Limited

Filleted Abridged Financial Statements

31 March 2017

L & B Developments Group One Limited

Abridged Financial Statements

Year ended 31 March 2017

Contents	Page

Officers and professional advisers	1

Directors' responsibilities statement	2

Abridged statement of financial position	3

Notes to the abridged financial statements	4

L & B Developments Group One Limited

Officers and Professional Advisers

The board of directors	Mr. P M Cooke
	Mr. B R Bernard

Registered office	Wellington House
	120 Wellington Road
	Dudley
	West Midlands
	DY1 1UB

Auditor	Plant & Co Limited
	Chartered Accountants & statutory auditor
	17 Lichfield Street
	Stone
	Staffordshire
	ST15 8NA

L & B Developments Group One Limited

Directors' Responsibilities Statement

Year ended 31 March 2017

The directors are responsible for preparing the directors' report and the abridged financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare abridged financial statements for each financial year. Under that law the directors have elected to prepare the abridged financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the abridged financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these abridged financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the abridged financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the abridged financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

L & B Developments Group One Limited

Abridged Statement of Financial Position

31 March 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	5	78,497	78,497
Cash at bank and in hand		622	760
		--------	--------
		79,119	79,257

Creditors: amounts falling due within one year	242,137		240,826
	---------		---------
Net current liabilities		163,018	161,569
		---------	---------
Total assets less current liabilities		( 163,018)	( 161,569)
		---------	---------
Net liabilities		( 163,018)	( 161,569)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 163,019)	( 161,570)
	---------	---------
Shareholders deficit	( 163,018)	( 161,569)
	---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

These abridged financial statements were approved by the board of directors and authorised for issue on 18 December 2017 , and are signed on behalf of the board by:

Mr. P M Cooke

Director

Company registration number: 4903407

L & B Developments Group One Limited

Notes to the Abridged Financial Statements

Year ended 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Wellington House, 120 Wellington Road, Dudley, West Midlands, DY1 1UB.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company has ceased to trade. The directors acknowledge that the balance sheet shows a net liability position. They have considered the principle risks and uncertainties that apply to the business and after making enquiries the directors have a reasonable expectation that the company has the support of its holding company for a period of at least 12 months from the date of these financial statements, should it be required and accordingly they continue to adopt the going concern basis in preparing these financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

4. Tax on loss

Reconciliation of tax income

The tax assessed on the loss on ordinary activities for the year is higher than (2016: higher than) the standard rate of corporation tax in the UK of 20 % (2016: 20 %).

	2017	2016
	£	£
Loss on ordinary activities before taxation	( 1,449)	( 800)
	-------	----
Loss on ordinary activities by rate of tax	( 290)	( 160)
Group losses utililsed/surrendered	290	160
	-------	----
Tax on loss	–	–
	-------	----

5. Debtors

Debtors include amounts of £– (2016: £6,657) falling due after more than one year.

6. Events after the end of the reporting period

There were no material events up to 18 December 2017, being the date of the approval of the financial statements by the Board.

7. Summary audit opinion

The auditor's report for the year dated 18 December 2017 was unqualified.

The senior statutory auditor was Peter Plant BA FCA , for and on behalf of Plant & Co Limited .

8. Directors' advances, credits and guarantees

As at 31 March 2017 Mr. B R Bernard owed the company £6,657 (2016: £6,657).

9. Related party transactions

During the period, the company was under the ultimate control of the directors by virtue of their ability to act in concert in the respect of the operating and financial policies of the company. The company is associated with other companies through the common directorship and control of Mr. B R Bernard and Mr. P M Cooke . The company has used the exemption granted under FRS 102 section 33.1A, being that related party disclosures do not need to be given of transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

10. Controlling party

The company is a wholly owned subsidiary of Select Health Care Limited, a company registered in England and Wales. The largest and smallest group in which the results of the company are consolidated is that headed by Select Health Care Limited. The consolidated financial statements of this company are available to the public and may be obtained from Companies House. No other group financial statements include the results of the company.