IRIS Accounts Production
v20.1.5.71
05064697
Board of Directors
1.7.18
30.6.19
30.6.19
29.6.20
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Auditors Opinion
Ordinary
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05064697
2018-06-30
05064697
2019-06-30
05064697
2018-07-01
2019-06-30
05064697
2017-03-31
05064697
2017-04-01
2018-06-30
05064697
2018-06-30
05064697
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2018-07-01
2019-06-30
05064697
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2018-07-01
2019-06-30
05064697
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2018-07-01
2019-06-30
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2019-06-30
REGISTERED NUMBER:
05064697
(England and Wales)
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FOR THE YEAR ENDED 30 JUNE 2019
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NETWORKING CARE PARTNERSHIPS (SOUTH
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Notes to the Financial Statements
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3
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REGISTERED OFFICE:
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1110 Elliott Court
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BUSINESS ADDRESS:
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Kingston House
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REGISTERED NUMBER:
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05064697 (England and Wales)
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AUDITORS:
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Luckmans Duckett Parker Limited
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Amounts falling due within one year
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6
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108,510
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-
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|
NET CURRENT (LIABILITIES)/ASSETS
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(108,510
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) |
1
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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(108,510
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) |
1
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|
Called up share capital
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7
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1
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1
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|
Retained earnings
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(108,511
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) |
-
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SHAREHOLDERS' FUNDS
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(108,510
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) |
1
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The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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 and authorised for issue on
26 June 2020
and were signed on its behalf by:
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Networking Care Partnerships (South West) Limited is a
private company, limited by shares ,
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registered in England and Wales. The company's registered number and registered office address can
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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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The company's accounting period was extended to 30 June in order to align the company with its new
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parent company period end. With the period to 30 June 2018 being a 15-month period the
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comparatives are therefore not entirely comparable.
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Basis of preparing the financial statements
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These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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The financial statements have been prepared on the going concern basis. This basis may not be
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appropriate because the group has net current liabilities at the balance sheet date. The Company's
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ability to continue trading is dependent upon the continued support of the companies within the group
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in addition to a number of other factors. The group are in the process of applying for finance to enable
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it to refurbish a number of units currently unoccupied and for working capital. Once these units have
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been refurbished the directors are confident that occupants will be obtained thus increasing the group’s
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overall occupancy level generating additional turnover for the group. The directors are also closely
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monitoring costs on a regular basis to ensure where possible supplier payments are made within a
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reasonable time frame throughout the group through pooling of group cash resource. Support has
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been sought from the group’s largest creditor to assist the company in meeting their trading liabilities
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as they may fall due for the foreseeable future. The directors are of the opinion that group support from
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all companies within the group will be ongoing together with the support of creditors and therefore
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consider it appropriate to prepare the financial statements on the going concern basis. These financial
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statements do not reflect any adjustments that may be necessary should the support of the companies
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within the group or creditors not be forthcoming.
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The directors have considered the impact of the COVID-19 world pandemic upon the group. In light of
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the current restrictions imposed by and the financial support offered by the UK government the
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directors are satisfied that the group will continue as a going concern for the foreseeable future, but as
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the full effect of the virus is not yet known uncertainty exists.
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
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'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
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party transactions with wholly owned subsidiaries within the group.
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Significant judgements and estimates
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These financial statements do not contain any significant judgements or estimates.
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Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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except to the extent that it relates to items recognised in other comprehensive income or directly in
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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
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enacted or substantively enacted by the balance sheet date.
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods
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different from those in which they are recognised in financial statements. Deferred tax is measured
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using tax rates and laws that have been enacted or substantively enacted by the year end and that are
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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
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that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Change of accounting period
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The company's previous year end was extended from 31 March 2018 to 30 June 2018 to align the
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company's year end with that of the ultimate parent company. The accounts to 30 June 2019 are a 12 -
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month set whereas the comparatives were a 15-month set so may not be entirely comparable.
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Turnover represents the amount receivable during the year for provision of care services. Where the
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amount received relates to a period which covers the balance sheet date it is apportioned over the
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period to which it relates and a debtor or creditor is recognised accordingly.
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3.
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EMPLOYEES AND DIRECTORS
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The average number of employees during the year was NIL (2018 - NIL).
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Eliminated on disposal
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(197,000
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) |
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5.
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DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Amounts owed by group undertakings
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-
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1
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6.
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Amounts owed to group undertakings
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108,510
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-
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7.
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CALLED UP SHARE CAPITAL
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Allotted, issued and fully paid:
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Number:
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Class:
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Nominal
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2019
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2018
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8.
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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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Mark Spafford ACA FCCA (Senior Statutory Auditor)
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for and on behalf of
Luckmans Duckett Parker Limited |
9.
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OTHER FINANCIAL COMMITMENTS
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At 30 June 2019 the company had operating lease commitments totalling £350,863 (30 June 2018:
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10.
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ULTIMATE CONTROLLING PARTY
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The controlling party is Assisted Living South West GroupLimited. |
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The ultimate controlling party is
Rehability Group Limited. |