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Financial Statements for the Year Ended 31 March 2021 |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) |
LIMITED |
REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 March 2021 |
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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 2021 |
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Page |
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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 2021 |
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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 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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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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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 and authorised for issue 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 2021 |
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1. | STATUTORY INFORMATION |
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Dr Batras' Positive Health Clinic (UK) Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue Recognition |
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Revenue represents fees charged for medical consultancy services under different plans on non refundable, fixed rates for different contractual periods, net of discounts. Revenue is recognised over the plan period in proportion of the services provided and the income relating to the unexpired contractual plan period is deferred for recognition in the subsequent relevant years and classified as "deferred income" under " Creditors: Accruals and deferred income". |
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Recognition of Medical Consultancy Fees: |
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The Company receives medical consultancy fees from patients upfront which are non - refundable and medical consultancy services are rendered to patients over the span of the consultancy period generally ranging from 12 months up to 36 months. |
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For the purpose of recognition of income from fees for medical consultancy, since the doctors spend significant amount of their time and their skills, knowledge and experience in identifying the patient's issues in the first sitting with the patient and also significant administrative time and resources are applied in the initial registration process; the appropriate amount, out of the total fees charged, as estimated by the management having regard to the above considerations, is recognised as the income in the month in which the patient is registered and the balance amount of fees is accounted on a straight line monthly basis over the remaining period of the individual contract for the repeat visits of the patients. |
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Tangible fixed assets |
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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. |
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 2021 |
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2. | ACCOUNTING POLICIES - continued |
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Going concern |
As at 31 March 2021, total liabilities of the company exceeded its total assets by £60,755 (2020: £51,441). 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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The financial statements have been prepared on a going concern basis on the assumption that the company will continue to trade in the foreseeable future. The Company Directors having made appropriate enquiries consider that adequate resources exist for the Company to continue in operational existence for the foreseeable future and with the continued support of the company's shareholder, the company will be able to meet its liabilities as they fall due for payment. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements. |
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There are uncertainties relating to COVID19 pandemic. No provisions have been made in the financial statements in respect of these uncertainties. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2020 |
and 31 March 2021 |
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DEPRECIATION |
At 1 April 2020 |
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Charge for year |
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At 31 March 2021 |
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NET BOOK VALUE |
At 31 March 2021 |
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At 31 March 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
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VAT |
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Prepayments |
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Other debtors include £1,917 rent deposit held by the landlord that can be used in the event of a default. |
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 2021 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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VAT | - | 132 |
Accruals and deferred income |
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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 £9,314 (2020: 167,666) during the year ended 31 March 2021 and at that date, the company's current liabilities exceed its total assets by £60,755 (2020: 51,441). 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 £53,941 (2020: £53,944) which is due to the parent company, Dr. Batras' Positive Health Clinic Private Limited and £18,414 (2020: Nil) to Dr. Batras' Positive Health Clinic FZLLC Dubai, a company under the common control of the parent company. |
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During the year, an interest of £823 (2020: £826) was due on balance outstanding to the parent company and an interest of £414 (2020: Nil) to Dr Batra's Homeopathic Clinic FZLLC Dubai . |
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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. |