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REGISTERED NUMBER: 03847481 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2018

for

Coastal Care Homes Limited

Coastal Care Homes Limited (Registered number: 03847481)






Contents of the Financial Statements
for the Year Ended 30 April 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coastal Care Homes Limited

Company Information
for the Year Ended 30 April 2018







DIRECTORS: G P Rogers
Mrs N J Rogers





SECRETARY: Mrs N J Rogers





REGISTERED OFFICE: 128 High Street
Crediton
Devon
EX17 3LQ





REGISTERED NUMBER: 03847481 (England and Wales)





ACCOUNTANTS: Bedford & Co Ltd
128 High Street
Crediton
Devon
EX17 3LQ

Coastal Care Homes Limited (Registered number: 03847481)

Balance Sheet
30 April 2018

30.4.18 30.4.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 75,000
Tangible assets 5 1,253,925 1,321,742
1,253,925 1,396,742

CURRENT ASSETS
Debtors 6 1,523,144 998,844
Investments 7 1,252,749 1,202,441
Cash at bank and in hand 557,358 1,298,529
3,333,251 3,499,814
CREDITORS
Amounts falling due within one year 8 778,468 1,409,387
NET CURRENT ASSETS 2,554,783 2,090,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,808,708

3,487,169

CREDITORS
Amounts falling due after more than one
year

9

(20,580

)

(61,277

)

PROVISIONS FOR LIABILITIES (20,676 ) (19,516 )
NET ASSETS 3,767,452 3,406,376

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,767,352 3,406,276
SHAREHOLDERS' FUNDS 3,767,452 3,406,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

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.

Coastal Care Homes Limited (Registered number: 03847481)

Balance Sheet - continued
30 April 2018


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.

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

The financial statements were approved by the Board of Directors on 16 October 2018 and were signed on its behalf by:




G P Rogers - Director



Mrs N J Rogers - Director


Coastal Care Homes Limited (Registered number: 03847481)

Notes to the Financial Statements
for the Year Ended 30 April 2018

1. STATUTORY INFORMATION

Coastal Care 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.

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 represents fee income from residents, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Furniture fixtures and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 90 (2017 - 92 ) .

Coastal Care Homes Limited (Registered number: 03847481)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2017
and 30 April 2018 300,000
AMORTISATION
At 1 May 2017 225,000
Charge for year 75,000
At 30 April 2018 300,000
NET BOOK VALUE
At 30 April 2018 -
At 30 April 2017 75,000

5. TANGIBLE FIXED ASSETS
Furniture
fixtures
Freehold and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 May 2017 1,660,184 420,625 5,000 2,085,809
Additions - 48,347 - 48,347
At 30 April 2018 1,660,184 468,972 5,000 2,134,156
DEPRECIATION
At 1 May 2017 505,121 256,758 2,188 764,067
Charge for year 62,407 53,054 703 116,164
At 30 April 2018 567,528 309,812 2,891 880,231
NET BOOK VALUE
At 30 April 2018 1,092,656 159,160 2,109 1,253,925
At 30 April 2017 1,155,063 163,867 2,812 1,321,742

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Trade debtors 23,144 44,418
Other debtors 1,500,000 954,426
1,523,144 998,844

7. CURRENT ASSET INVESTMENTS
30.4.18 30.4.17
£    £   
St Benets Court Partnership 1,252,749 1,202,441

Coastal Care Homes Limited (Registered number: 03847481)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Bank loans and overdrafts 8,516 17,935
Trade creditors 113,266 102,076
Taxation and social security 172,557 173,038
Other creditors 484,129 1,116,338
778,468 1,409,387

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.18 30.4.17
£    £   
Bank loans 20,580 61,277

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.18 30.4.17
£    £   
Bank loans 29,096 79,212

The company's bankers, National Westminster Bank PLC, hold a legal mortgage charge over the freehold
property known as: Bishopsteignton House, Forder Lane, Bishopsteignton, Devon.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2018 and
30 April 2017:

30.4.18 30.4.17
£    £   
G P Rogers and Mrs N J Rogers
Balance outstanding at start of year 954,425 (1,094 )
Amounts advanced 159,317 955,519
Amounts repaid (1,121,199 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,457 ) 954,425

The amount of interest charged and paid on the loan to the directors is £17,593.