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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2019 |
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RENAISSANCE CARE HOMES LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2019 |
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FOR |
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RENAISSANCE CARE HOMES LIMITED |
RENAISSANCE CARE HOMES LIMITED (REGISTERED NUMBER: 06316214) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 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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RENAISSANCE CARE HOMES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2019 |
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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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ACCOUNTANTS: |
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24 Park Road South |
Havant |
Hampshire |
PO9 1HB |
RENAISSANCE CARE HOMES LIMITED (REGISTERED NUMBER: 06316214) |
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BALANCE SHEET |
31ST MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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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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CREDITORS |
Amounts falling due after more than one
year |
7 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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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 and |
(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 Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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RENAISSANCE CARE HOMES LIMITED (REGISTERED NUMBER: 06316214) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2019 |
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1. | STATUTORY INFORMATION |
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Renaissance Care 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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The presentation currency of the financial statements is the Pound Sterling (£) and is rounded to the nearest |
Pound (£). |
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The financial statements contain information about Renaissance Care Homes Limited as an individual company. |
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Turnover |
Turnover represents the value of goods and services supplied. |
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Revenue is recognised on the raising of invoices on a monthly basis. Invoices are raised on the first of each |
month in advance. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and equipment | - |
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Tangible fixed assets are included at cost less depreciation and impairments. The assets residual values, useful |
lives and depreciation methods are reviewed and adjusted prospectively if appropriate. |
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Financial instruments |
Financial instruments are recognised in line with sections 11 and 12 of FRS 102. |
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Basic financial instruments, such as bank and cash, loans, trade receivable and payables are initially recognised |
at transaction price, unless they constitute a financing arrangement, when the transaction is measured at |
present value of the future receipts/payments discounted at a market rate of interest. Such instruments are |
subsequently carried at amortised cost using the effective interest rate method. |
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The company has taken the option under FRS 102 not to discount director-shareholder loans, but to show these |
at the transaction price. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and |
Retained Earnings, 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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RENAISSANCE CARE HOMES LIMITED (REGISTERED NUMBER: 06316214) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2019 |
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2. | ACCOUNTING POLICIES - continued |
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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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss 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. 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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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | equipment | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1st April 2018 |
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Additions |
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At 31st March 2019 |
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DEPRECIATION |
At 1st April 2018 |
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Charge for year |
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At 31st March 2019 |
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NET BOOK VALUE |
At 31st March 2019 |
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At 31st March 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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RENAISSANCE CARE HOMES LIMITED (REGISTERED NUMBER: 06316214) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2019 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank and other loans |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank and other loans |
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Other creditors |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank and other loans more than |
5 years by instalments | 189,707 | 212,970 |
189,707 | 212,970 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Bank loans and overdrafts | 298,829 | 378,942 |
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The bank loans are secured on the freehold property and by a floating charge over the remaining present and |
future assets of the company. |
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A director has provided a personal guarantee in respect of other loans, included in other creditors, of £107,959 |
(2018 - £nil). |
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9. | FINANCIAL COMMITMENTS |
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The total amount of financial commitments not included in the balance sheet at the year end date amounted to |
£16,053 (2018 - £nil). |
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10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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During the period the company made a short-term loan to a director amounting to £8,000 (2018 - £56). No |
interest was charged on this loan. £2,000 (2018 - £nil) of this loan was repaid during the year. |