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Registration number: 12303440

Trent Cliffs Private Healthcare Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2021

 

Trent Cliffs Private Healthcare Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Trent Cliffs Private Healthcare Limited

Company Information

Directors

Dr M Hemadri

S K Kamalapuram

Dr S M Nyasavajjala

Registered office

Trent Cliffs Private Healthcare Ltd
Meridican House
Normanby Road
Scunthorpe
North Lincolnshire
DN15 8QZ

 

Trent Cliffs Private Healthcare Limited

(Registration number: 12303440)
Balance Sheet as at 30 November 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

25,377

-

Current assets

 

Stocks

5

137,064

-

Debtors

6

1,935,797

1,800,668

Cash at bank and in hand

 

19,814

270,696

 

2,092,675

2,071,364

Creditors: Amounts falling due within one year

7

(813,761)

(384,274)

Net current assets

 

1,278,914

1,687,090

Net assets

 

1,304,291

1,687,090

Capital and reserves

 

Called up share capital

2,945,000

1,900,000

Profit and loss account

(1,640,709)

(212,910)

Shareholders' funds

 

1,304,291

1,687,090

For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 10 August 2022 and signed on its behalf by:
 

 

Trent Cliffs Private Healthcare Limited

(Registration number: 12303440)
Balance Sheet as at 30 November 2021

.........................................
Dr M Hemadri
Director

.........................................
Dr S M Nyasavajjala
Director

 

Trent Cliffs Private Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 12303440.

The address of its registered office is:
Trent Cliffs Private Healthcare Ltd
Meridican House
Normanby Road
Scunthorpe
North Lincolnshire
DN15 8QZ
United Kingdom

These financial statements were authorised for issue by the Board on 10 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

The financial statements cover the individual entity, Trent Cliffs Private Healthcare Limited.

Going concern

The financial statements have been prepared on a going concern basis.

Specifically in connection with the current economic climate, the directors have considered the impact of COVID-19 on the business and they are satisfied that the company has sufficient financial headroom to continue trading for at least the next twelve months. For this reason the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Trent Cliffs Private Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Trent Cliffs Private Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2020 - 10).

 

Trent Cliffs Private Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

27,189

27,189

At 30 November 2021

27,189

27,189

Depreciation

Charge for the year

1,812

1,812

At 30 November 2021

1,812

1,812

Carrying amount

At 30 November 2021

25,377

25,377

5

Stocks

2021
£

2020
£

Other inventories

137,064

-

6

Debtors

2021
£

2020
£

Trade debtors

275,107

-

Other debtors

200,000

1,773,288

Prepayments and accrued income

1,460,690

27,380

Total current trade and other debtors

1,935,797

1,800,668

7

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Trade creditors

 

167,250

170,173

Taxation and social security

 

17,715

5,438

Other creditors

 

549,246

201,413

Accruals and deferred income

 

79,550

7,250

 

813,761

384,274