Company Registration No. 10208356 (England and Wales)
Living Care Pharmacy Group Limited
Unaudited
Financial Statements
for the year ended 30 June 2019
PAGES FOR FILING WITH REGISTRAR
Living Care Pharmacy Group Limited
Contents
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
Living Care Pharmacy Group Limited
Statement of financial position
as at 30 June 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Investments
3
3,853,962
3,853,962
Current assets
Cash at bank and in hand
1,248
1,065
Creditors: amounts falling due within one year
4
(28,539)
(28,356)
Net current liabilities
(27,291)
(27,291)
Total assets less current liabilities
3,826,671
3,826,671
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss reserves
3,825,671
3,825,671
Total equity
3,826,671
3,826,671
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.
The financial statements were approved by the board of directors and authorised for issue on 9 March 2020 and are signed on its behalf by:
D A Lestner
Director
Company Registration No. 10208356
Living Care Pharmacy Group Limited
Statement of Changes in Equity
for the year ended 30 June 2019
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 July 2017
1,000
4,391,506
4,392,506
Period ended 30 June 2018:
Loss and total comprehensive income for the period
-
(565,835)
(565,835)
Balance at 30 June 2018
1,000
3,825,671
3,826,671
Year ended 30 June 2019:
Profit and total comprehensive income for the year
-
-
-
Balance at 30 June 2019
1,000
3,825,671
3,826,671
Living Care Pharmacy Group Limited
Notes to the financial statements
for the year ended 30 June 2019
- 3 -
1
Accounting policies
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 are prepared in
sterling
, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
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
.
Fixed asset investments
Interests in subsidiaries 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.
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2018 - 3).
Living Care Pharmacy Group Limited
Notes to the financial statements (continued)
for the year ended 30 June 2019
- 4 -
3
Fixed asset investments
2019
2018
£
£
Investments
3,853,962
3,853,962
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 July 2018 & 30 June 2019
3,853,962
Carrying amount
At 30 June 2019
3,853,962
At 30 June 2018
3,853,962
4
Creditors: amounts falling due within one year
2019
2018
£
£
Amounts owed to group undertakings
12,827
12,644
Taxation and social security
415
415
Other creditors
15,297
15,297
28,539
28,356
5
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
100,000 Ordinary shares of 1p each
1,000
1,000
6
Controlling party
The directors are considered to be the ultimate controlling party.
7
Company information
Living Care Pharmacy Group Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
8 Manor Road, Leeds, West Yorkshire, LS11 9AH.