Company registration number 09540537 (England and Wales)
COMMUNITY HEALTH & MEDICINE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
COMMUNITY HEALTH & MEDICINE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
COMMUNITY HEALTH & MEDICINE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
1,199,620
1,199,620
Current assets
Debtors
4
100
100
Cash at bank and in hand
86
2,214
186
2,314
Creditors: amounts falling due within one year
5
(333,152)
(232,563)
Net current liabilities
(332,966)
(230,249)
Total assets less current liabilities
866,654
969,371
Creditors: amounts falling due after more than one year
6
(668,086)
(738,480)
Net assets
198,568
230,891
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
198,468
230,791
Total equity
198,568
230,891
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
COMMUNITY HEALTH & MEDICINE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 December 2023 and are signed on its behalf by:
Dr KP Hearn
Director
Company Registration No. 09540537
COMMUNITY HEALTH & MEDICINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information
Community Health & Medicine Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pilning Community Pharmacy, Northwick Road, Pilning, Bristol, England, BS354JF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
4
4
COMMUNITY HEALTH & MEDICINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1,199,620
1,199,620
The company's investment represents 100% ownership of the issued share capital of Fatz Limited
( Incorporated in England )
Fatz Limited 2023 2022
Aggregate capital and reserves £51,097 £58,538
Profit and (loss) for the year (£7,441) £33,994
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
100
100
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
132,980
65,112
Other creditors
200,172
167,451
333,152
232,563
6
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
644,312
774,106
Amounts owed to group undertakings
23,774
(35,626)
668,086
738,480
The bank loans falling due within one year and after more than one year are secured by a fixed and floating charge over the assets.
Amounts included above which fall due after five years are as follows:
Payable by instalments
664,312
774,106