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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 19 MARCH 2018 TO 30 JUNE 2019 |
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CAREHAB INVESTMENTS LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 19 MARCH 2018 TO 30 JUNE 2019 |
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FOR |
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CAREHAB INVESTMENTS LTD |
CAREHAB INVESTMENTS LTD (REGISTERED NUMBER: 11263183) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 MARCH 2018 TO 30 JUNE 2019 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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CAREHAB INVESTMENTS LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 19 MARCH 2018 TO 30 JUNE 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
1 Kings Avenue |
London |
N21 3NA |
CAREHAB INVESTMENTS LTD (REGISTERED NUMBER: 11263183) |
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STATEMENT OF FINANCIAL POSITION |
30 JUNE 2019 |
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Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Cash in hand |
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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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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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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. |
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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 approved by the Board of Directors on
by: |
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CAREHAB INVESTMENTS LTD (REGISTERED NUMBER: 11263183) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 MARCH 2018 TO 30 JUNE 2019 |
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1. | STATUTORY INFORMATION |
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Carehab Investments Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis as the directors are satisfied that the |
company will have adequate resources to meet its liabilities to third parties as they fall due. |
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Significant judgements and estimates |
In the application of the company's accounting policies, the director is required to make judgements, estimates |
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other |
sources. The estimates and associated assumptions are based on historical experience and other factors that |
are relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting |
estimates are recognised in the period in which the estimate is revised where the revision affects only that |
period or in the period of the revision and future periods where the revision affects both current and future |
periods. |
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There are no significant judgements or estimates involved in the preparation of the financial statements. |
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Investment property |
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the |
purchase cost and any directly attributable expenditure. |
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Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from |
changes in fair value is recognised in profit or loss. |
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Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet |
date. |
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Taxation |
Taxation for the period 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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at |
the statement of financial position 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 period 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. |
CAREHAB INVESTMENTS LTD (REGISTERED NUMBER: 11263183) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 19 MARCH 2018 TO 30 JUNE 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Cash and cash equivalent |
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short |
term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly |
liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant |
risk of changes in value. |
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Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section |
12'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
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Financial instruments are recognised in the company's statement of financial position when the company |
becomes party to the contractual provisions of the instrument. |
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Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when |
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net |
basis or to realise the asset and settle the liability simultaneously. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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Investment property was valued on an open market basis on 30 June 2019 by the director. |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Other creditors |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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Included in the other creditors more than one year is an amount of £2,813,931 due to the directors of the |
company. Interest is accrued on the loan at the rate of 3.5% per annum. |