Autumncare Holdings Limited |
|
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Autumncare Holdings Limited for the year ended 31 August 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Autumncare Holdings Limited for the year ended 31 August 2015 which comprise of the balance sheet and the related notes 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 icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Autumncare Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 7 March 2014. Our work has been undertaken solely to prepare for your approval the accounts of Autumncare Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Autumncare Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Autumncare Holdings Limited and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Autumncare Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Autumncare Holdings Limited. You consider that Autumncare Holdings 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 accounts of Autumncare Holdings 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 abbreviated accounts. |
|
Laverick Walton & Co. |
Chartered Accountants |
A1 Marquis Court |
Team Valley |
Gateshead |
Tyne & Wear |
NE11 0RU |
|
13 April 2016 |
|
Autumncare Holdings Limited
|
Registered number: |
05778799
|
Abbreviated Balance Sheet |
as at 31 August 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Investments |
2 |
|
|
4,188,255 |
|
|
4,188,255 |
|
Creditors: amounts falling due within one year |
|
|
(1,214,503) |
|
|
(1,384,513) |
|
Net current liabilities |
|
|
|
(1,214,503) |
|
|
(1,384,513) |
|
Total assets less current liabilities |
|
|
|
2,973,752 |
|
|
2,803,742 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(2,172,530) |
|
|
(2,210,520) |
|
|
|
Net assets |
|
|
|
801,222 |
|
|
593,222 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
100,000 |
|
|
100,000 |
Share premium |
|
|
|
395,000 |
|
|
395,000 |
Profit and loss account |
|
|
|
306,222 |
|
|
98,222 |
|
Shareholders' funds |
|
|
|
801,222 |
|
|
593,222 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Mrs J Cartwright-Lax |
Director |
Approved by the board on 13 April 2016
|
|
Autumncare Holdings Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 August 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Basis of consolidation |
|
|
Advantage has been taken of the exemption from preparing consolidated accounts available under the Companies Act 2006 section 398. These accounts present information about the company as an individual undertaking, and not about its group. |
|
2 |
Investments |
£ |
|
|
Cost |
|
At 1 September 2014 |
4,188,255 |
|
|
At 31 August 2015 |
4,188,255 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
The Autumncare Group Limited |
Ordinary |
100 |
|
2,675,265 |
|
123,311 |
|
3 |
Loans |
2015 |
|
2014 |
£ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
447,346 |
|
485,337 |
|
Secured bank loans |
866,326 |
|
904,317 |
|
|
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100,000 |
|
100,000 |
|
100,000 |
|
|
|
|
|
|
|
|
|