REGISTERED NUMBER:
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Audited Financial Statements |
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for the Period 1 August 2016 to 31 January 2018 |
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for |
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Alexis Care Limited |
REGISTERED NUMBER:
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Audited Financial Statements |
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for the Period 1 August 2016 to 31 January 2018 |
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for |
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Alexis Care Limited |
Alexis Care Limited (Registered number: 05904432) |
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Contents of the Financial Statements |
for the Period 1 August 2016 to 31 January 2018 |
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Page |
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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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Alexis Care Limited |
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Company Information |
for the Period 1 August 2016 to 31 January 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditor |
Chartered Accountants |
Woodlands Grange |
Woodlands Lane |
Bradley Stoke |
Bristol |
BS32 4JY |
Alexis Care Limited (Registered number: 05904432) |
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Balance Sheet |
31 January 2018 |
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31.1.18 | 31.7.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET LIABILITIES | ( |
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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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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
by: |
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Alexis Care Limited (Registered number: 05904432) |
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Notes to the Financial Statements |
for the Period 1 August 2016 to 31 January 2018 |
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1. | STATUTORY INFORMATION |
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Alexis Care Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about Alexis Care Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company is exempt under Section 400 |
of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its |
subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, |
PSP Group Limited, 8 Clarendon Terrace, London, W9 1BZ. |
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Going concern |
The accounts have been prepared under a going concern basis as the company is supported by other group |
members. The group members will continue to support the company for the foreseeable future. |
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Turnover |
Turnover represents the invoiced value for the provision of care services, agency fees and ad-hoc commissions. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the period 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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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 period 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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Fixed asset investments |
Fixed asset investments are shown at cost less provision for impairment. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
Alexis Care Limited (Registered number: 05904432) |
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Notes to the Financial Statements - continued |
for the Period 1 August 2016 to 31 January 2018 |
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4. | FIXED ASSET INVESTMENTS |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.7.16 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Accrued income | - | 108,654 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.7.16 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Tax |
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Social security and other taxes |
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Other creditors |
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Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.1.18 | 31.7.16 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 1,346,896 | 1,916,339 |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.1.18 | 31.7.16 |
£ | £ |
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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Alexis Care Limited (Registered number: 05904432) |
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Notes to the Financial Statements - continued |
for the Period 1 August 2016 to 31 January 2018 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.1.18 | 31.7.16 |
£ | £ |
Bank loans |
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The Directors have received advice that the lenders' securities are invalid and unenforceable. The Lender has |
confirmed in writing on several occasions that they hold no security with respect to the loans. The Companies |
house and land registry positions have yet to be updated. |
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Whilst the lender's position is being determined it is noted that the loans may be secured by a limited fixed and |
floating debenture over the current and future trading assets of the Company together with limited |
cross-guarantees from PSP Investment Ltd and PSP Holdco Ltd (group companies), PSP Care Villages Ltd a |
company registered in Guernsey. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.18 | 31.7.16 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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11. | 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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12. | RELATED PARTY DISCLOSURES |
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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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This note must be read in conjunction with the Directors report section headed Secured Debt Disclosure. |
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The Company has provided a limited cross-guarantee for PSP Holdco Ltd and PSP Care Villages Ltd, a |
company registered in Guernsey. |
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During the period the company paid rents to the following companies with common management: |
£nil (2016 - £377,500) to Heanton Holdings Ltd, a company registered in Guernsey, |
£nil (2016 - £579,500) to PSP Care Villages Ltd, a company registered in Guernsey. |
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During the period the company wrote off loans of £329,694 owed to other related parties. The other parties |
involved were in agreement of this treatment. |
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At the balance sheet date, the net debtor outstanding with other related parties was £700,000 (2016 - £561,871). |
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13. | ULTIMATE CONTROLLING PARTY |
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The parent of the smallest group for which consolidated financial statements are drawn up is PSP Group Ltd |
(Registered office - 8 Clarendon Terrace, London, England, W9 1BZ). |