Registered number
04957851
360 Clinical Limited
Filleted Accounts
31 December 2021
360 Clinical Limited
Registered number: 04957851
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Intangible assets 3 100,000 100,000
Tangible assets 4 84,000 84,000
184,000 184,000
Current assets
Debtors 5 625 55,913
Cash at bank and in hand 285 12,721
910 68,634
Creditors: amounts falling due within one year 6 (12,784) (67,863)
Net current (liabilities)/assets (11,874) 771
Total assets less current liabilities 172,126 184,771
Creditors: amounts falling due after more than one year 7 (677,126) (689,771)
Net liabilities (505,000) (505,000)
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account (507,000) (507,000)
Shareholder's funds (505,000) (505,000)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Horner
Director
Approved by the board on 3 September 2022
360 Clinical Limited
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The Company did not trade during the year
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Intangible FA Software £
Cost
At 1 January 2021 100,000
At 31 December 2021 100,000
Amortisation
At 31 December 2021 -
Net book value
At 31 December 2021 100,000
At 31 December 2020 100,000
4 Tangible fixed assets
Deferred Tax Asset
£
Cost
At 1 January 2021 84,000
At 31 December 2021 84,000
Depreciation
At 31 December 2021 -
Net book value
At 31 December 2021 84,000
At 31 December 2020 84,000
5 Debtors 2021 2020
£ £
Trade debtors 625 55,913
6 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors - 3,238
Accruals & Deferred Income 12,788 17,050
Taxation and social security costs (4) 47,575
12,784 67,863
7 Creditors: amounts falling due after one year 2021 2020
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 677,126 689,771
8 Other information
360 Clinical Limited is a private company limited by shares and incorporated in England. Its registered office is:
170 Shepherdess Walk
Angel Wharf
London
N1 7JL
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