Greenhill Care Homes Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06410780 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Greenhill Care Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S S Paul

A S Paul

S K Paul

K S Paul

SECRETARY:

S S Paul

REGISTERED OFFICE:

20 Exhibition House

Addison Bridge Place

London

W14 8XP

REGISTERED NUMBER:

06410780 (England and Wales)

ACCOUNTANTS:

Merchant & Co

Chartered Certified Accountants

20 Exhibition House

Addison Bridge Place

London

W14 8XP

FIXED ASSETS

Intangible assets

4

165,910

180,030

Tangible assets

5

8,688

13,755

174,598

193,785

CURRENT ASSETS

Debtors

6

7,298

11,830

Cash at bank and in hand

38,156

975

45,454

12,805

CREDITORS

Amounts falling due within one year

7

30,830

81,840

NET CURRENT ASSETS/(LIABILITIES)

14,624

(69,035

)

TOTAL ASSETS LESS CURRENT LIABILITIES

189,222

124,750

CAPITAL AND RESERVES

Called up share capital

8

300,100

300,100

Retained earnings

9

(110,878

)

(175,350

)

SHAREHOLDERS' FUNDS

189,222

124,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 4 December 2017 and were signed on its behalf by:

S S Paul - Director

1.	STATUTORY INFORMATION

Greenhill Care Homes Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced fee income excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

The directors' consider that continued amortisation on this basis will ensure a true and fair value.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost

using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and

other short-term highly liquid investments that mature in no more than three months from the date of

acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related

parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction,

where the debt instrument is measured at the present value of the future payments discounted at a market

rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest

method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

282,400

AMORTISATION

At 1 April 2016

102,370

Charge for year

14,120

At 31 March 2017

116,490

NET BOOK VALUE

At 31 March 2017

165,910

At 31 March 2016

180,030

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

119,617

Additions

1,524

At 31 March 2017

121,141

DEPRECIATION

At 1 April 2016

105,862

Charge for year

6,591

At 31 March 2017

112,453

NET BOOK VALUE

At 31 March 2017

8,688

At 31 March 2016

13,755

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

7,298

11,830

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

12,538

Trade creditors

8,984

3,367

Taxation and social security

14,765

41,131

Other creditors

7,081

24,804

30,830

81,840

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

300,000

Preference

£1

300,000

300,000

300,100

300,100

9.

RESERVES

Retained

earnings

£

At 1 April 2016

(175,350

)

Profit for the year

64,472

At 31 March 2017

(110,878

)

10.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at 1st

January 2015.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.