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Registration number: 10662949

Highpoint Care (Kew) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2019

 

Highpoint Care (Kew) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Highpoint Care (Kew) Limited

Company Information

Directors

Dr Katherine Mary Patel

Dr Hemant Kumar Patel

Dr Alan William Whittle

Registered office

The Station House Station Road
Whalley
Clitheroe
Lancashire
BB7 9RT

 

Highpoint Care (Kew) Limited

(Registration number: 10662949)
Balance Sheet as at 31 March 2019

Note

2019
£

2018
£

Fixed assets

 

Tangible assets

3

959,975

918,164

Creditors: Amounts falling due within one year

4

(57,849)

(15,615)

Total assets less current liabilities

 

902,126

902,549

Creditors: Amounts falling due after more than one year

4

(903,651)

(903,651)

Net liabilities

 

(1,525)

(1,102)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(1,625)

(1,202)

Total equity

 

(1,525)

(1,102)

For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 November 2019 and signed on its behalf by:
 

.........................................

Dr Katherine Mary Patel
Director

 

Highpoint Care (Kew) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2019

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Station House Station Road
Whalley
Clitheroe
Lancashire
BB7 9RT
Great Britain

These financial statements were authorised for issue by the Board on 27 November 2019.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have agreed to support the business going forward. Accordingly, the financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land

Nil

 

Highpoint Care (Kew) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2019

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2018

918,164

918,164

Additions

41,811

41,811

At 31 March 2019

959,975

959,975

Depreciation

Carrying amount

At 31 March 2019

959,975

959,975

At 31 March 2018

918,164

918,164

Included within the net book value of land and buildings above is £959,975 (2018 - £918,164) in respect of freehold land.
 

 

Highpoint Care (Kew) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2019

4

Creditors

Creditors: amounts falling due within one year

Note

2019
£

2018
£

Due within one year

 

Amounts owed to group undertakings

5

57,272

14,788

Accrued expenses

 

577

827

 

57,849

15,615

Creditors: amounts falling due after more than one year

Note

2019
£

2018
£

Due after one year

 

Directors loan account

903,651

903,651

5

Related party transactions

Summary of transactions with entities with joint control or significant interest

Highpoint Care Limited and Highpoint Care (West Derby) Limited
 The company has been provided with loans from the companys mentioned above, who are all ultimately owned by Highpoint Care LLP
 The loan has been provided interest free, unsecured and repayable on demand
 

Loans from related parties

2019

Entities with joint control or significant influence
£

Total
£

At start of period

14,788

14,788

Advanced

42,484

42,484

At end of period

57,272

57,272

2018

Entities with joint control or significant influence
£

Total
£

Advanced

14,788

14,788