Company Registration No. 07150099 (England and Wales)
FAMILY FOSTER CARE (REGIONAL) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017
PAGES FOR FILING WITH REGISTRAR
FAMILY FOSTER CARE (REGIONAL) LIMITED
COMPANY INFORMATION
Directors
Mr R M Rae
Mr C Watkins
Mr G P Orange
Company number
07150099
Registered office
Unit 7
Top Barn Business Centre Worcester Road
Holt Heath
Worcester
Worcestershire
United Kingdom
WR6 6NH
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
FAMILY FOSTER CARE (REGIONAL) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
FAMILY FOSTER CARE (REGIONAL) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FAMILY FOSTER CARE (REGIONAL) LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2017
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Family Foster Care (Regional) Limited for the year ended 30 September 2017 which comprise, 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 (ICAEW), 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 Family Foster Care (Regional) Limited, as a body, in accordance with
our
terms
of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Family Foster Care (Regional) Limited
and state those matters that we have agreed to state to the Board of Directors of Family Foster Care (Regional) 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 Family Foster Care (Regional) Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Family Foster Care (Regional) 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 loss of Family Foster Care (Regional) Limited. You consider that Family Foster Care (Regional) 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 Family Foster Care (Regional) 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.
Ormerod Rutter Limited
26 June 2018
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
FAMILY FOSTER CARE (REGIONAL) LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2017
30 September 2017
- 2 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,071
8,071
Investments
4
325,000
325,000
333,071
333,071
Current assets
Debtors
5
80,597
120,597
Cash at bank and in hand
12
12
80,609
120,609
Creditors: amounts falling due within one year
6
(29,734)
(29,734)
Net current assets
50,875
90,875
Total assets less current liabilities
383,946
423,946
Creditors: amounts falling due after more than one year
7
(309,480)
(309,480)
Net assets
74,466
114,466
Capital and reserves
Called up share capital
8
10,000
10,000
Share premium account
105,760
105,760
Profit and loss reserves
(41,294)
(1,294)
Total equity
74,466
114,466
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 September 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
FAMILY FOSTER CARE (REGIONAL) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2017
30 September 2017
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 26 June 2018 and are signed on its behalf by:
Mr C Watkins
Director
Company Registration No. 07150099
FAMILY FOSTER CARE (REGIONAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017
- 4 -
1
Accounting policies
Company information
Family Foster Care (Regional) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Unit 7, Top Barn Business Centre Worcester Road, Holt Heath, Worcester, Worcestershire, United Kingdom, WR6 6NH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
These financial statements for the year ended 30 September 2017
are the
first
financial statements of Family Foster Care (Regional) Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 October 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
The company has taken advantage of the exemption under section
399
of the
Companies Act 2006 not to prepare consolidated accounts
, on the basis that the group of which this is the parent qualifies as a small group
. The financial statements present information about the company as an individual entity and not about its group
.
1.2
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
2
Employees
There were no employees in the company during this year or the previous year.
FAMILY FOSTER CARE (REGIONAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2017
- 5 -
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 October 2016 and 30 September 2017
15,379
Depreciation and impairment
At 1 October 2016 and 30 September 2017
7,308
Carrying amount
At 30 September 2017
8,071
At 30 September 2016
8,071
4
Fixed asset investments
2017
2016
£
£
Investments
325,000
325,000
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 October 2016 & 30 September 2017
325,000
Carrying amount
At 30 September 2017
325,000
At 30 September 2016
325,000
5
Debtors
2017
2016
Amounts falling due within one year:
£
£
Amounts due from group undertakings
80,597
120,597
FAMILY FOSTER CARE (REGIONAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2017
- 6 -
6
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
4,734
4,734
Other creditors
25,000
25,000
29,734
29,734
7
Creditors: amounts falling due after more than one year
2017
2016
£
£
Other creditors
309,480
309,480
8
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
10,000 Ordinary A of £1 each
10,000
10,000
9
Related party transactions
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.
10
Ultimate controlling party
There is no ultimate controlling party.