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Financial Statements for the Year Ended 31 March 2019 |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 March 2019 |
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for |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED |
DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED (REGISTERED NUMBER: 05949077) |
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Contents of the Financial Statements |
FOR THE YEAR ENDED 31 MARCH 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED |
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Company Information |
FOR THE YEAR ENDED 31 MARCH 2019 |
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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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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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Chartered Accountants |
& Statutory Auditor |
Third Floor |
126-134 Baker Street |
London |
W1U 6UE |
DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED (REGISTERED NUMBER: 05949077) |
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Balance Sheet |
31 MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were authorised for issue by the Board of Directors on
behalf by: |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED (REGISTERED NUMBER: 05949077) |
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Notes to the Financial Statements |
FOR THE YEAR ENDED 31 MARCH 2019 |
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1. | STATUTORY INFORMATION |
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Dr Batras' Positive Health Clinic (UK) Limited is a
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and Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents amounts receivable for medical consultancy services. Income is recognised in the period |
when services are performed. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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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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. |
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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. |
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Going concern |
As at 31 March 2019, total liabilities of the company exceeded its total assets by £1,164,866 (2018: £1,078,217). |
However, the directors of the company consider that the going concern basis is appropriate in view of the |
assurance of continuing support, which the company has received from its shareholders. |
DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED (REGISTERED NUMBER: 05949077) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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3. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2018 |
and 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for year |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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Prepayments |
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Other debtors include £13,725 rent deposit held by the landlord that can be used in the event of a default. |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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VAT | 1,356 | 555 |
Accruals and deferred income |
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6. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED (REGISTERED NUMBER: 05949077) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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Emphasis of Matter |
In forming our opinion on the financial statements, which is not modified, we have considered the adequacy of |
the disclosure made in the Directors' Report and note 2 to the financial statements concerning the company's |
ability to continue as a going concern. The company incurred a net loss of £86,649 during the year ended 31 |
March 2019 and, at that date, the company's current liabilities exceed its total assets by £1,164,866 and it had |
net current liabilities of £1,233,023. These conditions, along with the other matters explained in note 2 to the the |
financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the |
company's ability to continue as a going concern. The financial statements do not include the adjustments that |
would result if the company was unable to continue as a going concern. |
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for and on behalf of
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8. | RELATED PARTY DISCLOSURES |
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Included in creditors payable within one year is an amount of £797,118 (2018: £797,118) which is due to the |
parent company, Dr. Batras' Positive Health Clinic Private Limited. |
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Included in creditors payable within one year is £437,041 (2018: £364,041) advanced by Dr. Batras' Positive |
Health Clinic FZLLC Dubai, a company under the common control of the parent company. |
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The amounts are repayable on demand. |
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9. | ULTIMATE CONTROLLING PARTY |
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By virtue of his shareholding in the parent company, Dr Mukesh Batra is considered to be the ultimate |
controlling party of the company. |
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10. | ULTIMATE PARENT COMPANY |
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The company's parent undertaking which draws up the consolidated financial statements is Dr. Batra's Positive |
Health Clinic Private Ltd., a company registered in India. |