1Accounting Policies

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of services provided during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Leasehold properties - Straight line over the life of the lease
Plant and machinery - 15% reducing balance
Motor vehicles - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Stock
Stock is valued at the lower of cost and net realisable value.


Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.


Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

4Fixed assets Investments
Holdings of 20% or more
The company holds 20% or more of the share capital in the subsidiary undertaking
Grove Care Developments Ltd. A company incorporated in the UK. The nature of business is building development. 100% of the ordinary class of shares is held. The company was incorporated on 7 November 2013.

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows of Grove Care Developments Ltd - Capital and reserves of £1 and profit for the year of £nil.