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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 October 2015 |
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Hammersmith Postgraduate Medical Courses |
REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 October 2015 |
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for |
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Hammersmith Postgraduate Medical Courses |
Hammersmith Postgraduate Medical Courses (Registered number: 04576847) |
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Contents of the Financial Statements |
for the Year Ended 31 October 2015 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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Hammersmith Postgraduate Medical Courses |
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Company Information |
for the Year Ended 31 October 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Hammersmith Postgraduate Medical Courses (Registered number: 04576847) |
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Report of the Directors |
for the Year Ended 31 October 2015 |
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The directors present their report with the financial statements of the company for the year ended 31 October 2015. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of teaching courses of higher education and that |
of medical research. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 November 2014 to the date of this |
report. |
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This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to |
small companies. |
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ON BEHALF OF THE BOARD: |
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Hammersmith Postgraduate Medical Courses (Registered number: 04576847) |
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Profit and Loss Account |
for the Year Ended 31 October 2015 |
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31.10.15 | 31.10.14 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING (LOSS)/PROFIT and |
(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION |
2 |
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Tax on (loss)/profit on ordinary activities | 3 | ( |
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(LOSS)/PROFIT FOR THE FINANCIAL
YEAR |
( |
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Hammersmith Postgraduate Medical Courses (Registered number: 04576847) |
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Balance Sheet |
31 October 2015 |
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31.10.15 | 31.10.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Profit and loss account | 9 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
Hammersmith Postgraduate Medical Courses (Registered number: 04576847) |
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Balance Sheet - continued |
31 October 2015 |
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The financial statements were approved by the Board of Directors on
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J C Chambers - Director | J S Kooner - Director |
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K Meeran - Director |
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Hammersmith Postgraduate Medical Courses (Registered number: 04576847) |
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Notes to the Financial Statements |
for the Year Ended 31 October 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents the total amount receivable in respect of fees for courses completed during the year. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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2. | OPERATING (LOSS)/PROFIT |
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The operating loss (2014 - operating profit) is stated after charging: |
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31.10.15 | 31.10.14 |
£ | £ |
Depreciation - owned assets |
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Directors' remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax (credit)/charge |
The tax (credit)/charge on the loss on ordinary activities for the year was as follows: |
31.10.15 | 31.10.14 |
£ | £ |
Current tax: |
UK corporation tax | ( |
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provision for previous year | - | 86 |
Total current tax | ( |
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Deferred tax |
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Tax on (loss)/profit on ordinary activities | ( |
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Hammersmith Postgraduate Medical Courses (Registered number: 04576847) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2015 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 November 2014 |
and 31 October 2015 |
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DEPRECIATION |
At 1 November 2014 |
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Charge for year |
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At 31 October 2015 |
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NET BOOK VALUE |
At 31 October 2015 |
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At 31 October 2014 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.15 | 31.10.14 |
£ | £ |
Other debtors | 91,137 | 85,959 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.15 | 31.10.14 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | PROVISIONS FOR LIABILITIES |
31.10.15 | 31.10.14 |
£ | £ |
Deferred tax |
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Deferred |
tax |
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Balance at 1 November 2014 |
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Charge for year | 10 |
Balance at 31 October 2015 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.15 | 31.10.14 |
value: | £ | £ |
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Ordinary | 1 |
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Hammersmith Postgraduate Medical Courses (Registered number: 04576847) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2015 |
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9. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1 November 2014 |
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Deficit for the year | ( |
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At 31 October 2015 |
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10. | RELATED PARTY DISCLOSURES |
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Messrs. J.C. Chambers, J.S. Kooner and K. Meeran, the company's directors, together with their minor children, |
own 100% of the issued share capital. |
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At the balance sheet date, Mr. J.C. Chambers owed the company £89,463 (2014 - £84,285). |
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At the balance sheet date, Mr. K. Meeran was owed £671 (2014 - £671) by the company. |
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At the balance sheet date, Mr. J.S. Kooner was owed £671 (2014 - £671) by the company. |
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During the year, rentals of £2,500 (2014 - £7,500) were paid to Mr. J.C. Chambers and Mrs. T. Chambers. Mr. |
Chambers and Mr. K. Meeran are self-employed lecturers and provide services to the company on the same basis |
as other lecturers and were paid £7,700 (2014 - £4,050) and £4,296 (2014 - £2,600) respectively. |