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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019 |
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ASHGILL CARE HOME LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019 |
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FOR |
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ASHGILL CARE HOME LIMITED |
ASHGILL CARE HOME LIMITED (REGISTERED NUMBER: SC411208) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2019 |
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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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ASHGILL CARE HOME LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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169 West George Street |
Glasgow |
G2 2LB |
ASHGILL CARE HOME LIMITED (REGISTERED NUMBER: SC411208) |
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BALANCE SHEET |
30 APRIL 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | 9 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(b) |
preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company. |
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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 on
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ASHGILL CARE HOME LIMITED (REGISTERED NUMBER: SC411208) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2019 |
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1. | STATUTORY INFORMATION |
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Ashgill Care Home Limited is a private company, limited by shares, registered in Scotland. The Company's registered |
number and registered office address are as below: |
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Registered number: | SC411208 |
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Registered office: | Consilium Chartered Accountants |
169 West George Street |
Glasgow |
G2 2LB |
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Business address: | 33 Liddesdale Square |
Glasgow |
G22 7BU |
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The presentation and functional 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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Turnover |
The turnover shown in the Income Statement represents the value of all services delivered at selling price during the year. |
Sales are recognised at the point at which the Company has fulfilled its contractual obligations to the customer. |
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Goodwill |
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised |
over its estimated useful life up to a maximum of 10 years. This length of time is presumed to be the maximum useful life of |
purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at |
the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances |
emerge that indicate that the carrying value may not be recoverable. |
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Amortisation |
Amortisation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the estimated |
useful economic life of that asset as follows: |
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Goodwill - 10% straight line |
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Tangible fixed assets |
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Leasehold improvements | - |
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Equipment and fittings | - |
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Motor vehicles | - |
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Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs |
of acquisition. |
ASHGILL CARE HOME LIMITED (REGISTERED NUMBER: SC411208) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. |
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Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, |
according to the substance of the contractual arrangement. |
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Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at |
principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the |
outstanding balance and are amortised over the period to the due date for repayment of the financial liability. |
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An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of |
its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated |
financial instrument. |
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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 |
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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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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Operating lease agreements |
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, |
are charged against profits on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The Company operates a defined contribution pension scheme for certain directors and employees. The assets of the |
scheme are held separately from those of the Company. The annual contributions payable are charged to the Income |
Statement. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ASHGILL CARE HOME LIMITED (REGISTERED NUMBER: SC411208) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 May 2018 |
and 30 April 2019 |
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AMORTISATION |
At 1 May 2018 |
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Amortisation for year |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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5. | TANGIBLE FIXED ASSETS |
Equipment |
Leasehold | and | Motor |
improvements | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2018 |
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Additions |
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At 30 April 2019 |
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DEPRECIATION |
At 1 May 2018 |
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Charge for year |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Amounts owed by associates |
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Other debtors |
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ASHGILL CARE HOME LIMITED (REGISTERED NUMBER: SC411208) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
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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9. | PROVISIONS FOR LIABILITIES |
2019 | 2018 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
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Deferred |
tax |
£ |
Balance at 1 May 2018 |
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Provided during year | ( |
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Balance at 30 April 2019 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 49 | 49 |
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Ordinary A | £1 | 51 | 51 |
100 | 100 |
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All classes of shares are entitled to attend and vote at general meetings. |
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All classes of shares are entitled to receive dividends as may be declared by the Company. The dividends declared may |
differ for each class of shareholding. |
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All classes of shares are entitled to a share of the assets in the event of a winding up of the Company in proportion to the |
shareholdings. |
ASHGILL CARE HOME LIMITED (REGISTERED NUMBER: SC411208) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
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11. | RELATED PARTY DISCLOSURES |
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During the year the Company paid rent of £90,000 (2018 - £80,000) to a company controlled by R I Logendra, director. |
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No further transactions with related parties were undertaken such as are required to be disclosed under the provisions of |
Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and |
Republic of Ireland". |
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12. | ULTIMATE CONTROLLING PARTY |
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The Company was under the control of R I Logendra throughout the current and previous year by virtue of his majority |
interest in the ordinary share capital of the Company. |