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REGISTERED NUMBER: 03917196 (England and Wales)



















Financial Statements

for the Year Ended 31 March 2022

for

Wellbeing Property Limited

Wellbeing Property Limited (Registered number: 03917196)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wellbeing Property Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: R Nelson
I R Reed





SECRETARY: R Nelson





REGISTERED OFFICE: 1 Wentworth House
Vernon Gate
Derby
DE1 1UR





REGISTERED NUMBER: 03917196 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Wellbeing Property Limited (Registered number: 03917196)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,494 9,998
Investment property 5 300,000 300,000
307,494 309,998

CURRENT ASSETS
Stocks 418 799
Debtors 6 420 350
Cash at bank 13,237 8,854
14,075 10,003
CREDITORS
Amounts falling due within one year 7 147,846 142,773
NET CURRENT LIABILITIES (133,771 ) (132,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,723

177,228

CREDITORS
Amounts falling due after more than one
year

8

-

3,517
NET ASSETS 173,723 173,711

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 109,689 109,689
Retained earnings 64,032 64,020
SHAREHOLDERS' FUNDS 173,723 173,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)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.

Wellbeing Property Limited (Registered number: 03917196)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2022 and were signed on its behalf by:





R Nelson - Director


Wellbeing Property Limited (Registered number: 03917196)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Wellbeing Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the invoiced value of sales and rents received, excluding value added tax. Turnover is recognised in the year in which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery- 25% on reducing balance

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with Section 1A "Small Entities" of Financial Reporting Standard 102 Any aggregate surplus or deficit arising from the changes in fair value is recognised in the profit or loss account and transferred into a fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2021
and 31 March 2022 37,298
DEPRECIATION
At 1 April 2021 27,300
Charge for year 2,504
At 31 March 2022 29,804
NET BOOK VALUE
At 31 March 2022 7,494
At 31 March 2021 9,998

Wellbeing Property Limited (Registered number: 03917196)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 300,000
NET BOOK VALUE
At 31 March 2022 300,000
At 31 March 2021 300,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2022 300,000

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 190,311 190,311
Aggregate depreciation (76,046 ) (72,240 )

Investment property was valued on a fair value basis on 31 March 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Prepayments 420 350

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 8,253
Tax 590 4,031
Social security and other taxes 109 318
Due to Wellbeing Clinics (UK) Limited 145,845 129,021
Accrued expenses 1,302 1,150
147,846 142,773

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-5 years - 3,517

Wellbeing Property Limited (Registered number: 03917196)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans - 11,770