REGISTERED NUMBER: 04640348 (England and Wales)

ABRAHAM NURSING HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Z A Shaikh

REGISTERED OFFICE:

Old Llantrisant Road

Llantrisant

Pontyclun

Mid Glam

CF72 8LQ

REGISTERED NUMBER:

04640348 (England and Wales)

FIXED ASSETS

Tangible assets

4

60,353

72,913

CURRENT ASSETS

Stocks

3,810

3,672

Debtors

549,718

299,277

Cash at bank and in hand

203,801

210,823

757,329

513,772

CREDITORS

Amounts falling due within one year

286,320

202,569

NET CURRENT ASSETS

471,009

311,203

TOTAL ASSETS LESS CURRENT LIABILITIES

531,362

384,116

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

531,262

384,016

SHAREHOLDERS' FUNDS

11

531,362

384,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 October 2017 and were signed by:

Z A Shaikh - Director

1.	STATUTORY INFORMATION

Abraham Nursing Homes Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Over term of lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2016

200,373

Additions

3,561

At 31 January 2017

203,934

DEPRECIATION

At 1 February 2016

127,460

Charge for year

16,121

At 31 January 2017

143,581

NET BOOK VALUE

At 31 January 2017

60,353

At 31 January 2016

72,913

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

3,273

-

Between one and five years

3,096

-

6,369

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1 February 2016

384,016

Profit for the year

197,246

Dividends

(50,000

)

At 31 January 2017

531,262

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 January 2017 the director maintained an interest bearing loan account with

the company. The movements in the loan account were as follows:

Mr Z A Shaikh

2017

2016

£

£

Balance brought forward

(234,034)

(265,749)

Amounts introduced into the company

nil

nil

Dividends

50,000

80,000

Advances to the director

(173,499)

(48,285)

Balance carried forward

(357,533)

(234,034)

The maximum balance owed (to)/by the company during the year was (£357,533) - (2016 -

(£234,034) ).

9.	RELATED PARTY DISCLOSURES

Included in other income is £13,424 (2016 - £10,201) interest charged on overdrawn director's loan

account.

10.	ULTIMATE CONTROLLING PARTY

11.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2017

2016

£

£

Profit for the financial year

197,246

91,824

Dividends

(50,000

)

(80,000

)

Net addition to shareholders' funds

147,246

11,824

Opening shareholders' funds

384,116

372,292

Closing shareholders' funds

531,362

384,116

12.	FIRST YEAR ADOPTION

Transitional relief

On transition to FRS 102, the company has taken advantage of the following transitional relief:

•

to measure fair value at date of transition to FRS 102 and use as deemed cost on an item of property, plant and equipment.