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REGISTERED NUMBER:
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DELVES RETIREMENT HOMES LIMITED |
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2018 |
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REGISTERED NUMBER:
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DELVES RETIREMENT HOMES LIMITED |
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2018 |
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DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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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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DELVES RETIREMENT HOMES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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DIRECTOR: |
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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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Chartered Accountants |
and Statutory Auditors |
2 St Andrews Place |
Lewes |
East Sussex |
BN7 1UP |
DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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BALANCE SHEET |
31ST MARCH 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 9 |
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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 director on
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DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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1. | STATUTORY INFORMATION |
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Delves Retirement Homes Limited is a
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The company's 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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Turnover |
Turnover comprises the value of management charges. |
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Tangible fixed assets and depreciation |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
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Improvements to property - over the period of the lease |
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Investment property |
Investment property is shown at valuation. |
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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 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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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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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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DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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4. | TANGIBLE FIXED ASSETS |
Improvements |
to |
property |
£ |
COST |
At 1st April 2017 |
and 31st March 2018 |
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DEPRECIATION |
At 1st April 2017 |
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Charge for year |
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At 31st March 2018 |
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NET BOOK VALUE |
At 31st March 2018 |
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At 31st March 2017 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st April 2017 |
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Revaluations | 58,229 |
At 31st March 2018 |
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NET BOOK VALUE |
At 31st March 2018 |
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At 31st March 2017 |
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Fair value at 31st March 2018 is represented by: |
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£ |
Valuation in 2018 | 58,229 |
Valuation in 2017 | 18,850 |
Valuation in 2016 | 10,950 |
Valuation in 2015 | 192,900 |
Valuation in 1994 | 50,000 |
330,929 |
DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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8. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax |
Other timing differences | 56,258 | 46,359 |
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Deferred |
tax |
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Balance at 1st April 2017 |
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Charge to Income Statement during year |
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Balance at 31st March 2018 |
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9. | RESERVES |
Fair |
value |
reserve |
£ |
At 1st April 2017 |
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Reserve transfer | 48,330 |
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At 31st March 2018 |
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10. | 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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DELVES RETIREMENT HOMES LIMITED (REGISTERED NUMBER: 00705041) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is John Christie Limited and its registered office is Glyndebourne Estate Office, |
Glyndebourne, Lewes, East Sussex, BN8 5UU. As the group is small the exemptions from the requirement to |
prepare consolidated financial statements have been taken and no consolidated financial statements have been |
prepared by John Christie Limited. |
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12. | LEASES |
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The leases granted by the company run for 125 years from 24th June 1986. |