Company Registration No. 02535852 (England and Wales)
BEECH HOUSE (PARTINGTON) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
BEECH HOUSE (PARTINGTON) LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 6
BEECH HOUSE (PARTINGTON) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BEECH HOUSE (PARTINGTON) LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 6 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beech House (Partington) Limited for the year ended 30 September 2016 set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Beech House (Partington) Limited, as a body, in accordance with the terms of our engagement letter dated 15 November 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Beech House (Partington) Limited and state those matters that we have agreed to state to the Board of Directors of Beech House (Partington) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beech House (Partington) Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Beech House (Partington) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beech House (Partington) Limited. You consider that Beech House (Partington) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Beech House (Partington) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Mitchell Charlesworth LLP
30 June 2017
Accountants
Victoria House
488 Knutsford Road
Warrington
Cheshire
WA4 1DX
BEECH HOUSE (PARTINGTON) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
723,587
736,437
Current assets
Stocks
1,000
1,000
Debtors
308,364
316,219
Cash at bank and in hand
5,282
30,998
314,646
348,217
Creditors: amounts falling due within one year
(124,206)
(88,808)
Net current assets
190,440
259,409
Total assets less current liabilities
914,027
995,846
Provisions for liabilities
(29,111)
(34,000)
884,916
961,846
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
884,816
961,746
Shareholders' funds
884,916
961,846
BEECH HOUSE (PARTINGTON) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 3 -
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 30 June 2017
G Khanijau
Director
Company Registration No. 02535852
BEECH HOUSE (PARTINGTON) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
1
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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Goodwill - Over 10 years
Goodwill - Over 10 years
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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 Freehold
1.5% Reducing Balance
Equipment
10% Straight Line
Fixtures and fittings
10% Straight Line
Motor vehicles
25% Reducing Balance
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
BEECH HOUSE (PARTINGTON) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 5 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2015 & at 30 September 2016
33,232
1,012,550
1,045,782
Depreciation
At 1 October 2015
33,232
276,113
309,345
Charge for the year
-
12,850
12,850
At 30 September 2016
33,232
288,963
322,195
Net book value
At 30 September 2016
-
723,587
723,587
At 30 September 2015
-
736,437
736,437
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
BEECH HOUSE (PARTINGTON) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 6 -
4
Ultimate parent company
The company is a 100% wholly owned subsidiary of Rosewood Healthcare Limited.
Amounts owed by the parent company at the year end totalled £
266,195
(201
5
: £
268,034
)
.
The company is related to Fairfield Healthcare Limited, by virtue of the companies having the same parent company. Amounts owed by Fairfield Healthcare Limited at the year end totalled £
11,575
(201
5
:
£11
,5
75
).
The company is related to Pinetree Healthcare Limited by mutual shareholders and directors.
During the year an amount of £742 has been written off.
At the year end, the company was owed £
nil
(201
5
: £7
42
)
.
The company is related to Firtree Healthcare Limited by mutual shareholders and directors. At the year end,
amounts owed by
Firtree Healthcare Limited
totalled
£
723
(201
5
: £
546
)
.
The company is related to Oaktree Healthcare Limited by mutual shareholders and directors. At the year end,
amounts owed by
Oak
tree Healthcare Limited
totalled
£312 (201
5
: £
312
)
.
The company is related to
Elmtree
Healthcare Limited by mutual shareholders and directors. At the year end,
amounts owed by
Elm
tree Healthcare Limited
totalled
£
5,000 (2015:1,370)
.
The company is related to Willowtree Healthcare Limited by mutual shareholders and directors. At the year end, amounts owed by
Willowtr
ee Healthcare Limited
totalled
£2 (2015: £Nil).
The bank overdraft and loans in Rosewood Healthcare Limited are secured by way of a debenture and freehold first legal charge provided for by Beech House (Partington) Limited.
G Khanijau, a director of Rosewood Healthcare Limited has provided a personal guarantee of £150,000 for the bank overdraft a
n
d loans held in Rosewood Healthcare Limited.
A director of Chestnut House Nursing Home Limited has provided a personal guarantee of £100,000 for the bank overdraft and loans held in Rosewood Healthcare Limited.
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