Treevale Limited Accounts






Treevale Limited
	Company No. 02174108
		Information for Filing with The Registrar
		31 March 2018

The Directors present their report and the accounts for the year ended 31 March 2018.

Principal activities
The principal activity of the company during the year under review was running a residential home .




Directors

The Directors who served at any time during the year were as follows:

J. Kirkby
S.S. Kirkby


































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

S.S. Kirkby
Director
13 November 2018

at	31 March 2018

Company No.		02174108	Notes	2018	2017
				£	£
Fixed assets

	Tangible assets		3	161,604	168,733


				161,604	168,733
Current assets

	Debtors		4	59,651	121,672

	Cash at bank and in hand			59,927	85,069
				119,578	206,741
Creditors: Amount falling due within one year			5	(61,729)	(31,660)
Net current assets				57,849	175,081
Total assets less current liabilities				219,453	343,814




Net assets				219,453	343,814

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		6	219,353	343,714

Total equity				219,453	343,814


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 13 November 2018

And signed on its behalf by:

S.S. Kirkby
Director

for the year ended 31 March 2018

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover represents amounts receivable from residents fees.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Freehold buildings

2% Straight line

Motor vehicles

25% Straight line

Furniture, fittings and equipment

20% Straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

2	Employees
			2018	2017
			Number	Number
		The average number of persons employed during the year :	39	40

3	Tangible fixed assets
			Land and buildings	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 April 2017	356,425	17,873	53,087	427,385




		At 31 March 2018	356,425	17,873	53,087	427,385
		Depreciation
		At 1 April 2017	187,692	17,873	53,087	258,652
		Charge for the year	7,129	-	-	7,129



		At 31 March 2018	194,821	17,873	53,087	265,781
		Net book values
		At 31 March 2018	161,604	-	-	161,604
		At 31 March 2017	168,733	-	-	168,733

4	Debtors
			2018	2017
			£	£
		Trade debtors	37,660	12,423

		Corporation tax recoverable	14,518	-



		Other debtors	2,366	103,615
		Prepayments and accrued income	5,107	5,634
			59,651	121,672

5	Creditors:
		amounts falling due within one year
			2018	2017
			£	£




		Trade creditors	14,484	5,349

		Corporation tax	-	16,493
		Other taxes and social security	2,379	4,276

		Other creditors	66	741
		Accruals and deferred income	44,800	4,801
			61,729	31,660

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

2018

2017

Transactions with related parties

Name of related party

Alinbrook Limited

Description of relationship between the parties

A company controlled by Mr S.S Kirkby

Description of transaction and general amounts involved

Interest receivable charged at 2% above the bank base rate £2,366 (2017 £2,576)

Amount due from/(to) the related party

2,366

102,576

Controlling parties

Immediate controlling parties

The company is controlled by the directors who own 70% of the called up share capital.

Additional information

Its registered number is:

02174108

Its registered office is:

5 Union Court

Liverpool

L2 4SJ