REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2021 |
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NETWORKING CARE PARTNERSHIPS (SOUTH |
WEST) LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2021 |
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FOR |
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NETWORKING CARE PARTNERSHIPS (SOUTH |
WEST) LIMITED |
NETWORKING CARE PARTNERSHIPS (SOUTH |
WEST) LIMITED (REGISTERED NUMBER: 05064697) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 June 2021 |
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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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NETWORKING CARE PARTNERSHIPS (SOUTH |
WEST) LIMITED |
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COMPANY INFORMATION |
for the year ended 30 June 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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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 |
NETWORKING CARE PARTNERSHIPS (SOUTH |
WEST) LIMITED (REGISTERED NUMBER: 05064697) |
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BALANCE SHEET |
30 June 2021 |
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2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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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 Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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NETWORKING CARE PARTNERSHIPS (SOUTH |
WEST) LIMITED (REGISTERED NUMBER: 05064697) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 June 2021 |
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1. | STATUTORY INFORMATION |
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Networking Care Partnerships (South West) Limited is a
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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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Going Concern |
The financial statements have been prepared on the going concern basis. This basis may not be appropriate because the group has net current liabilities at the balance sheet date. The Company's ability to continue trading is dependent upon the continued support of the companies within the group in addition to a number of other factors. The group are in the process of applying for finance to enable it to refurbish a number of units currently unoccupied and for working capital. Once these units have been refurbished the directors are confident that occupants will be obtained thus increasing the group’s overall occupancy level generating additional turnover for the group. The directors are also closely monitoring costs on a regular basis to ensure where possible supplier payments are made within a reasonable time frame throughout the group through pooling of group cash resource. Support has been sought from the group’s largest creditor to assist the company in meeting their trading liabilities as they may fall due for the foreseeable future. The directors are of the opinion that group support from all companies within the group will be ongoing together with the support of creditors and therefore consider it appropriate to prepare the financial statements on the going concern basis. These financial statements do not reflect any adjustments that may be necessary should the support of the companies within the group or creditors not be forthcoming. |
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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 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. |
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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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NETWORKING CARE PARTNERSHIPS (SOUTH |
WEST) LIMITED (REGISTERED NUMBER: 05064697) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2021 |
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2. | ACCOUNTING POLICIES - continued |
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 year 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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Turnover |
Turnover represents the amount receivable during the year for provision of care services. Where the amount received relates to a period which covers the balance sheet date it is apportioned over the period to which it relates and a debtor or creditor is recognised accordingly. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Amounts owed by group undertakings |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Amounts owed to group undertakings |
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6. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2021 | 2020 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary | 1 | 1 | 1 |
NETWORKING CARE PARTNERSHIPS (SOUTH |
WEST) LIMITED (REGISTERED NUMBER: 05064697) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2021 |
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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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9. | OTHER FINANCIAL COMMITMENTS |
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At 30 June 2020 the company had operating lease commitments totalling £347,000 (30 June 2019: £350,863) . |
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10. | 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
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