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REGISTERED NUMBER: 08174128 (England and Wales)













ASCOT REHABILITATION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021






ASCOT REHABILITATION LTD (REGISTERED NUMBER: 08174128)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASCOT REHABILITATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







DIRECTORS: Dr A Y M J Al-Memar
Dr O J F Foster





SECRETARY: Mr S Kumar





REGISTERED OFFICE: 1 College Fields
16 Prince George's Road
London
SW19 2PT





REGISTERED NUMBER: 08174128 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

ASCOT REHABILITATION LTD (REGISTERED NUMBER: 08174128)

BALANCE SHEET
31ST DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,725 103,350
Investments 5 156,250 156,240
238,975 259,590

CURRENT ASSETS
Debtors 6 1,323,871 1,242,093
Cash at bank and in hand 219,863 21,629
1,543,734 1,263,722
CREDITORS
Amounts falling due within one year 7 1,069,484 927,539
NET CURRENT ASSETS 474,250 336,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

713,225

595,773

CREDITORS
Amounts falling due after more than one
year

8

200,153

-
NET ASSETS 513,072 595,773

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 511,072 593,773
SHAREHOLDERS' FUNDS 513,072 595,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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.

ASCOT REHABILITATION LTD (REGISTERED NUMBER: 08174128)

BALANCE SHEET - continued
31ST DECEMBER 2021


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th May 2022 and were signed on its behalf by:




Dr O J F Foster - Director



Dr A Y M J Al-Memar - Director


ASCOT REHABILITATION LTD (REGISTERED NUMBER: 08174128)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021


1. STATUTORY INFORMATION

Ascot Rehabilitation Ltd 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.

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

The financial statements are prepared in Pound Sterling which is the functional currency of the company and rounded to nearest pound.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Services provided to patients are recognised as turnover according to the date when the treatments 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33.33% straight line on cost
Fixtures and fittings - 25% straight line on cost
Motor vehicles - 25% straight line on cost
Computer equipment - 20% straight line on cost

Government grants
The Coronavirus Job Retention Scheme (Furlough) Grants relating to revenue are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Other Covid relief grants are recognised in income when received.

Investments in associates
Investments in associate undertakings are recognised at cost.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ASCOT REHABILITATION LTD (REGISTERED NUMBER: 08174128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


2. ACCOUNTING POLICIES - continued

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through the profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Going concern
The financial statements have been prepared on the going concern basis. The Company has provided support to group companies and an entity in which it has a participating interest. As part of this support it has been agreed that the debts due to the Company by these entities should be written off.

The Company acts as guarantor as noted separately below. The directors believe that such support is in the best interest of the Company and it is appropriate for the financial statements to be prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2020 - 37 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2021 - 643,575 190,969
Additions 19,872 5,952 -
Disposals - - -
At 31st December 2021 19,872 649,527 190,969
DEPRECIATION
At 1st January 2021 - 618,106 169,201
Charge for year 19,872 15,792 20,292
Eliminated on disposal - - -
At 31st December 2021 19,872 633,898 189,493
NET BOOK VALUE
At 31st December 2021 - 15,629 1,476
At 31st December 2020 - 25,469 21,768

ASCOT REHABILITATION LTD (REGISTERED NUMBER: 08174128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2021 69,210 90,588 994,342
Additions 31,555 1,618 58,997
Disposals (37,490 ) - (37,490 )
At 31st December 2021 63,275 92,206 1,015,849
DEPRECIATION
At 1st January 2021 53,064 50,621 890,992
Charge for year 9,245 14,421 79,622
Eliminated on disposal (37,490 ) - (37,490 )
At 31st December 2021 24,819 65,042 933,124
NET BOOK VALUE
At 31st December 2021 38,456 27,164 82,725
At 31st December 2020 16,146 39,967 103,350

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 31,555
At 31st December 2021 31,555
DEPRECIATION
Charge for year 1,315
At 31st December 2021 1,315
NET BOOK VALUE
At 31st December 2021 30,240

ASCOT REHABILITATION LTD (REGISTERED NUMBER: 08174128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


5. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST
At 1st January 2021 - 156,240 156,240
Additions 10 - 10
At 31st December 2021 10 156,240 156,250
NET BOOK VALUE
At 31st December 2021 10 156,240 156,250
At 31st December 2020 - 156,240 156,240

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,193,752 571,372
Amounts owed by group undertakings - 558,576
Amounts owed by participating interests 55,282 48,226
Other debtors 74,837 63,919
1,323,871 1,242,093

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 9) 57,920 198,192
Hire purchase contracts 3,122 -
Trade creditors 692,076 434,069
Taxation and social security 32,612 46,801
Other creditors 283,754 248,477
1,069,484 927,539

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans (see note 9) 182,241 -
Hire purchase contracts 17,912 -
200,153 -

ASCOT REHABILITATION LTD (REGISTERED NUMBER: 08174128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


9. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 198,192
Bank loans 57,920 -
57,920 198,192

Amounts falling due between two and five years:
Bank loans - 2-5 years 182,241 -

In August 2021 the company obtained a loan from Funding Circle under the government backed Covid Recovery Loan Scheme.

The loan is repayable by installments until July 2025. Interest is at a rate of 10.9%.

10. OTHER FINANCIAL COMMITMENTS

The company acts as a guarantor to a lease agreement signed by a joint venture company (Sterling Healthcare Group Ltd) on 1st October 2020. That lease agreement covered the period from 1 October 2020 to 7 June 2047, with a rent of £189,688 per annum.

The company signed a lease agreement in August 2021 for a property that it sub-leased to NAFS Health Consultancy & Training Ltd, a company that Ascot Rehabilitation Ltd is a shareholder. The lease commitment as at 31 December 2021 amounted to £9,900.