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Report of the Directors and |
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Financial Statements for the Year Ended 31 March 2018 |
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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 2018 |
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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 2018 |
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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 2018 |
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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 2018 |
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The directors present their report with the financial statements of the company for the year ended 31 March 2018. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 April 2017 to the date of this report. |
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DIRECTORS' RESPONSIBILITIES STATEMENT |
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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Opinion |
We have audited the financial statements of Dr Batras' Positive Health Clinic (UK) Limited (the 'company') for the year ended |
31 March 2018 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of |
significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and |
United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in |
the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
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In our opinion the financial statements: |
- | give a true and fair view of the state of the company's affairs as at 31 March 2018 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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Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our |
responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements |
section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit |
of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in |
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a |
basis for our opinion. |
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Conclusions relating to going concern |
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: |
- | the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or |
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the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt
about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. |
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Emphasis of matter - Going concern |
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 £135,831 during the year ended 31 March 2018 and, at that date, the company's current liabilities |
exceed its total assets by £1,078,217 and it had net current liabilities of £1,172,015. 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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Other information |
The directors are responsible for the other information. The other information comprises the information in the Report of the |
Directors, but does not include the financial statements and our Report of the Auditors thereon. |
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Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion |
thereon. |
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In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider |
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or |
otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material |
misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
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Opinion on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
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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 |
- | the Report of the Directors has been prepared in accordance with applicable legal requirements. |
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 |
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not |
identified material misstatements in the Report of the Directors. |
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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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Responsibilities of directors |
As explained more fully in the Directors' Responsibilities Statement set out on page two, the directors are responsible for the |
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the |
directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due |
to fraud or error. |
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In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, |
disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either |
intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. |
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Auditors' responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material |
misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is |
a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material |
misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the |
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial |
statements. |
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A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's |
website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
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Use of our report |
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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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 2018 |
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2018 | 2017 |
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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(135,897 | ) | (235,816 | ) |
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Other operating income |
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OPERATING LOSS | 3 | ( |
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Profit/loss on sale of tangibl |
fixed assets | 4 |
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(135,831 | ) | (235,348 | ) |
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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 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 2018 |
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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 2018, total liabilities of the company exceeded its total assets by £1,078,217 (2017: £942,386). 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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2018 | 2017 |
£ | £ |
Depreciation - owned assets |
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4. | EXCEPTIONAL ITEMS |
2018 | 2017 |
£ | £ |
Profit/loss on sale of tangibl |
fixed 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 2018 |
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5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2017 |
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Disposals |
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At 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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Eliminated on disposal |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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VAT |
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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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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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VAT | 555 | - |
Other creditors |
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Accruals and deferred income |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2018 | 2017 |
£ | £ |
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 2018 |
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9. | RELATED PARTY DISCLOSURES |
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Included in creditors payable within one year is an amount of £797,118 (2017: £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 £364,041 (2017: £242,441) 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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10. | 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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11. | 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. |