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Report of the Directors and |
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Financial Statements for the Year Ended 31 March 2017 |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED |
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REGISTERED NUMBER:
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Report of the Directors and |
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Financial Statements for the Year Ended 31 March 2017 |
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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 2017 |
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Page |
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Company Information | 1 |
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Report of the Directors | 2 |
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Report of the Independent Auditors | 3 |
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Income Statement | 5 |
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Balance Sheet | 6 |
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Notes to the Financial Statements | 7 |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED |
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Company Information |
FOR THE YEAR ENDED 31 MARCH 2017 |
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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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Report of the Directors |
FOR THE YEAR ENDED 31 MARCH 2017 |
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The directors present their report with the financial statements of the company for the year ended 31 March 2017. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 April 2016 to the date of this report. |
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STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law |
and regulations. |
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Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected |
to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom |
Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they |
are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that |
period. In preparing these financial statements, the directors are required to: |
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- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
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The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's |
transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that |
the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company |
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
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STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of |
which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order |
to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
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AUDITORS |
The auditors, Butler & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
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This report has been prepared in accordance with the 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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Report of the Independent Auditors to the Members of |
Dr Batras' Positive Health Clinic (UK) |
Limited |
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We have audited the financial statements of Dr Batras' Positive Health Clinic (UK) Limited for the year ended 31 March 2017 on |
pages five to nine. The financial reporting framework that has been applied in their preparation is applicable law and United |
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard |
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. |
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This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. |
Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them |
in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume |
responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the |
opinions we have formed. |
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Respective responsibilities of directors and auditors |
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Scope of the audit of the financial statements |
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable |
assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an |
assessment of: whether the accounting policies are appropriate to the company's circumstances and have been consistently applied |
and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation |
of the financial statements. In addition, we read all the financial and non-financial information in the Report of the Directors to |
identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially |
incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become |
aware of any apparent material misstatements or inconsistencies we consider the implications for our report. |
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Opinion on financial statements |
In our opinion the financial statements: |
- | give a true and fair view of the state of the company's affairs as at 31 March 2017 and of its loss for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
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Emphasis of Matter |
As at 31 March 2017, total liabilities of the company exceeded its total assets by £942,386 (2016: £707,095). 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 parent company. |
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Opinion on other matter prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of our audit, the information given in the Report of the Directors for the |
financial year for which the financial statements are prepared is consistent with the financial statements, and has been prepared in |
accordance with applicable legal requirements. In the light of the knowledge and understanding of the company and its environment, |
we have not identified any material misstatements in the Report of the Directors. |
Report of the Independent Auditors to the Members of |
Dr Batras' Positive Health Clinic (UK) |
Limited |
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Matters on which we are required to report by exception |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our |
opinion: |
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not
visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of directors' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
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the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take
advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors. |
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for and on behalf of
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Chartered Accountants |
& Statutory Auditor |
Third Floor |
126-134 Baker Street |
London |
W1U 6UE |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED (REGISTERED NUMBER: 05949077) |
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Income Statement |
FOR THE YEAR ENDED 31 MARCH 2017 |
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2017 | 2016 |
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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(235,816 | ) | (180,947 | ) |
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Other operating income |
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OPERATING LOSS | 3 | ( |
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Interest receivable and similar income |
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LOSS BEFORE TAXATION | ( |
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Tax on loss |
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LOSS FOR THE FINANCIAL YEAR | ( |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED (REGISTERED NUMBER: 05949077) |
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Balance Sheet |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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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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The financial statements were authorised for issue by the Board of Directors on
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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 2017 |
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1. | STATUTORY INFORMATION |
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Dr Batras' Positive Health Clinic (UK) Limited is a
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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 2017, total liabilities of the company exceeded its total assets by £942,386 (2016: £707,095). 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. |
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3. | OPERATING LOSS |
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The operating loss is stated after charging: |
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2017 | 2016 |
£ | £ |
Depreciation - owned assets |
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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 2017 |
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2016 |
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Additions |
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At 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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VAT |
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Prepayments |
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Other debtors include £19,950 rent deposit held by the landlord that can be used in the event of a default. |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Other creditors |
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Accruals and deferred income |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2017 | 2016 |
£ | £ |
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 2017 |
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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 (2016: £744,000) 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 £242,441 (2016: £53,961) 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. |