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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 APRIL 2017 TO 30 JUNE 2018 |
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FOR |
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PRINCIPLE CARE LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 APRIL 2017 TO 30 JUNE 2018 |
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FOR |
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PRINCIPLE CARE LIMITED |
PRINCIPLE CARE LIMITED (REGISTERED NUMBER: 04361700) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 April 2017 to 30 June 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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PRINCIPLE CARE LIMITED |
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COMPANY INFORMATION |
for the period 1 April 2017 to 30 June 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
Statutory Auditors |
1110 Elliott Court |
Herald Avenue |
Coventry Business Park |
Coventry |
West Midlands |
CV5 6UB |
PRINCIPLE CARE LIMITED (REGISTERED NUMBER: 04361700) |
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BALANCE SHEET |
30 June 2018 |
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2018 | 2017 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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PRINCIPLE CARE LIMITED (REGISTERED NUMBER: 04361700) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 April 2017 to 30 June 2018 |
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1. | STATUTORY INFORMATION |
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Principle Care Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
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Significant judgements and estimates |
These financial statements do not contain any significant judgements or estimates. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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 period end and that |
are expected to apply to the reversal of the timing difference. |
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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. |
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Going concern |
After reviewing the company's forecasts and projections, the directors have a reasonable expectation |
that the company has adequate resource to continue in operational existence for the foreseeable |
future. The company therefore continues to adopt the going concern basis in preparing its financial |
statements. |
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Change of accounting period |
The company's year end has been extended from 31 March 2018 to 30 June 2018 to align the |
company's year end with that of the ultimate parent company. The accounts to 30 June 2018 are a 15 |
month set with comparatives to 31 March 2017 being a 12 month set. As a result the comparatives |
may not be entirely comparable. |
PRINCIPLE CARE LIMITED (REGISTERED NUMBER: 04361700) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2017 to 30 June 2018 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL (2017 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2017 |
and 30 June 2018 |
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DEPRECIATION |
At 1 April 2017 |
and 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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At 31 March 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Amounts owed by group undertakings |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Accrued expenses |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | 1 | 100 | 100 |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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PRINCIPLE CARE LIMITED (REGISTERED NUMBER: 04361700) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2017 to 30 June 2018 |
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9. | ULTIMATE CONTROLLING PARTY |
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The company's immediate parent company is Assisted Living South West (Propco) Limited. |
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Until 19 January 2018 the ultimate controlling party was Sovereign Capital Partners LLP. |
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Until 19 January 2018 the ultimate parent company was Assisted Living South West Holdings Limited, |
also incorporated in England and Wales. |
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On this date 100% of the share capital of Assisted Living South West Holdings Limited was acquired |
by Rehability UK Community Limited, a company incorporated in England and Wales. |
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From 19 January 2018 the company's ultimate controlling party is Rehability Group Limited by virtue of |
its 100% shareholding in Rehability UK Community Limited. |