Surf AccountsProduction v1.0.0 v1.0.0 2022-01-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company in the year under review was retail sale of health products from 3 of its UK stores located in Old Brompton Road, Camden Town and Essex Road. The company sells it‘s health products both in store and online. 11 October 2023 5 5 06797934 2022-12-31 06797934 2021-12-31 06797934 2020-12-31 06797934 2022-01-01 2022-12-31 06797934 2021-01-01 2021-12-31 06797934 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 06797934 uk-curr:PoundSterling 2022-01-01 2022-12-31 06797934 uk-bus:AbridgedAccounts 2022-01-01 2022-12-31 06797934 uk-bus:Director1 2022-01-01 2022-12-31 06797934 uk-bus:CompanySecretary1 2022-01-01 2022-12-31 06797934 uk-bus:RegisteredOffice 2022-01-01 2022-12-31 06797934 uk-bus:Agent1 2022-01-01 2022-12-31 06797934 uk-bus:Audited 2022-01-01 2022-12-31 06797934 uk-core:ShareCapital 2022-12-31 06797934 uk-core:ShareCapital 2021-12-31 06797934 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 06797934 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 06797934 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 06797934 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-12-31 06797934 uk-core:RestatedAmount uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 06797934 uk-core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 06797934 uk-bus:FRS102 2022-01-01 2022-12-31 06797934 uk-core:Land 2022-01-01 2022-12-31 06797934 uk-core:PlantMachinery 2022-01-01 2022-12-31 06797934 uk-core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 06797934 uk-core:ParentEntities 2022-01-01 2022-12-31 06797934 2022-01-01 2022-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 06797934
 
 
Naturhouse Franchising Company Ltd
 
Abridged Financial Statements
 
for the financial year ended 31 December 2022
Naturhouse Franchising Company Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Felix Revuelta Fernandez
 
 
Company Secretary Vanessa Revuelta-Rodriguez
 
 
Company Registration Number 06797934
 
 
Registered Office 257 Old Brompton Road
Earl's Court
London
SW5 9HP
United Kingdom
 
 
Independent Auditors GW Financial Control Solutions Ltd
Westmoreland House
Westmoreland Park
Dublin 6
D06 RX46



Naturhouse Franchising Company Ltd
DIRECTOR'S REPORT
for the financial year ended 31 December 2022

 
The director presents his report and the audited financial statements for the financial year ended 31 December 2022.
 
Principal Activity
The principal activity of the company in the year under review was retail sale of health products from 3 of its UK stores located in Old Brompton Road, Camden Town and Essex Road. The company sells it‘s health products both in store and online.
     
Results and Dividends
The profit for the financial year after providing for depreciation amounted to £50,819 (2021 - £2,456).
     
Director
The director who served during the financial year is as follows:
     
Felix Revuelta Fernandez
   
There were no changes in shareholdings between 31 December 2022 and the date of signing the financial statements.
     
In accordance with the Constitution, the director retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Auditors
GW Financial Control Solutions Ltd, were appointed auditors by the director to fill the casual vacancy and they have expressed their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.
     
Post-Balance Sheet Events
There have been no significant events affecting the company since the year end. Covid 19 restrictions have been lifted across the UK in 2022. The directors continue to monitor government guidelines regarding Covid 19 protocol.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Felix Revuelta Fernandez
Director
     
11 October 2023



Naturhouse Franchising Company Ltd
STATEMENT OF DIRECTOR'S RESPONSIBILITIES
for the financial year ended 31 December 2022

 
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
-select suitable accounting policies and apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of Information to Auditor
Each person who is a director at the date of approval of this report confirms that:
-there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and
-the director has taken all the steps that he ought to have taken to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
     
     
On behalf of the board
     
     
___________________________
Felix Revuelta Fernandez
Director
     
11 October 2023



INDEPENDENT AUDITOR'S REPORT
to the Shareholders of Naturhouse Franchising Company Ltd

 
Report on the audit of the financial statements
 
Qualified opinion
We have audited the financial statements of Naturhouse Franchising Company Ltd ('the company') for the financial year ended 31 December 2022 which comprise the Abridged Profit and Loss Account, the Abridged Balance Sheet, the Reconciliation of Shareholders' Funds and the related notes to the financial statements, including significant accounting policies set out in note . The financial reporting framework that has been applied in their preparation is applicable Law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities).

In our opinion, except for the possible effects of the matter described in the Basis for qualified opinion paragraph, when reporting in accordance with a fair presentation framework the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2022 and of its profit for the financial year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.
 
In all other respects, in our opinion the financial statements have been properly prepared in accordance with the requirements of the Companies Act 2006.
 
Basis for qualified opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
We were not appointed as auditors of the company until after 31 December 2022 and thus did not observe the counting of physical inventories at the beginning and end of the year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 December 2021 which are stated in the statements of financial position at £6,545.
 
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
 
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.
 
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
 
Other Information
The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
 
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Director's Report has been prepared in accordance with applicable legal requirements.
 
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Director's Report.
 
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Director's Report.
 
Responsibilities of director for the financial statements
As explained more fully in the Statement of Director's Responsibilities set out on page 5, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
 
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intend to liquidate the company or to cease operations, or has no realistic alternative but to do so.
 
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
 
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
 
- We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are the Companies Act 2006, Financial Reporting Standards, UK tax legislation and the relevant regulations of the Financial Conduct Authority (FCA).
- We understood how the company is complying with those frameworks by through inquiries with the management and those responsible for legal and compliance matters. We also reviewed the minutes of Board of Directors and gained an understanding of the company‘s governance framework. We understood the nature of the company‘s regulatory permissions, its business activities and understood the regulatory control environment in which it operates.
- We assessed the susceptibility of the company‘s financial statements to material misstatement, including how fraud might occur by considering the controls established to address the risks identified by the entity, or that otherwise seek to prevent, deter or detect fraud. This included assessing the impact of remote working due to COVID-19. Our procedures to address the risks identified also included incorporation of unpredictability into the nature, timing, and/or extent of our testing, challenging assumptions and judgements made by management in their significant accounting estimates.
- Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved inquiries of legal counsel, the management and focused testing. We confirmed with management that there was no regulatory correspondence during the year.
- The company is regulated by the FCA. The Senior Statutory Auditor considered the experience and expertise of the audit engagement team, to ensure that the team had the appropriate competence and capabilities.
 
A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page , which is to be read as an integral part of our report.
 
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
 
 
 
David Gillett FCCA (Senior Statutory Auditor)
for and on behalf of
GW FINANCIAL CONTROL SOLUTIONS LTD
Westmoreland House
Westmoreland Park
Dublin 6
D06 RX46
 
11 October 2023



Naturhouse Franchising Company Ltd
APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor
 
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
 
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
 
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
 
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
 
- Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.
 
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
 
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.



Naturhouse Franchising Company Ltd
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 31 December 2022
2022 2021
Notes £ £

Gross profit 208,846 226,357
 
Administrative expenses (158,027) (223,901)
───────── ─────────
Profit before taxation 50,819 2,456
 
Tax on profit - -
───────── ─────────
Profit for the financial year 50,819 2,456
───────── ─────────
Total comprehensive income 50,819 2,456
    ═════════   ═════════



Naturhouse Franchising Company Ltd
Company Registration Number: 06797934
ABRIDGED BALANCE SHEET
as at 31 December 2022

2022 2021
Notes £ £
 
Fixed Assets
Tangible assets 4 7,638 10,083
───────── ─────────
 
Current Assets
Stocks 7,514 6,545
Debtors 124,750 44,456
Cash and cash equivalents 164,742 161,057
───────── ─────────
297,006 212,058
───────── ─────────
Creditors: amounts falling due within one year (204,261) (172,577)
───────── ─────────
Net Current Assets 92,745 39,481
───────── ─────────
Total Assets less Current Liabilities 100,383 49,564
═════════ ═════════
 
Capital and Reserves
Called up share capital 300,000 300,000
Retained earnings (199,617) (250,436)
───────── ─────────
Equity attributable to owners of the company 100,383 49,564
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
Approved by the Director and authorised for issue on 11 October 2023
           
           
________________________________          
Felix Revuelta Fernandez          
Director          
           



Naturhouse Franchising Company Ltd
RECONCILIATION OF SHAREHOLDERS' FUNDS
as at 31 December 2022

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 January 2021 300,000 (252,892) 47,108
───────── ───────── ─────────
Profit for the financial year - 2,456 2,456
───────── ───────── ─────────
At 31 December 2021 300,000 (250,436) 49,564
  ───────── ───────── ─────────
Profit for the financial year - 50,819 50,819
  ───────── ───────── ─────────
At 31 December 2022 300,000 (199,617) 100,383
  ═════════ ═════════ ═════════



Naturhouse Franchising Company Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2022

   
1. General Information
 
Naturhouse Franchising Company Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 06797934. The registered office of the company is 257 Old Brompton Road, Earl's Court, London, SW5 9HP, United Kingdom. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 2% Straight line
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 15% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Related parties
For the purposes of these financial statements a party is considered to be related to the company if:
 
- the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;
- the company and the party are subject to common control;
- the party is an associate of the company or forms part of a joint venture with the company;
- the party is a member of key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;
- the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals; or
- the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.
 
Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the company.
 
Employee benefits
The company provides a range of benefits to employees, including paid holiday arrangements.

(i) Short term benefits
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

(ii) Defined contribution pension plans
The Company operates a defined contribution plan. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate fund. Under defined contribution plans, the company has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

For defined contribution plans, the company pays contributions to privately administered pension plans on a contractual or voluntary basis. The company has no further payment obligations once the contributions have been paid. The contributions are recognised as employee benefit expense when they are due. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in the future payments is available.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company‘s taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 5, (2021 - 5).
 
  2022 2021
  Number Number
 
Employees 5 5
  ═════════ ═════════
           
4. Tangible assets
  Long Plant and Fixtures, Total
  leasehold machinery fittings and  
  property   equipment  
  £ £ £ £
Cost
At 1 January 2022 19,575 2,864 108,737 131,176
  ───────── ───────── ───────── ─────────
 
At 31 December 2022 19,575 2,864 108,737 131,176
  ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2022 13,722 1,926 105,445 121,093
Charge for the financial year 1,171 188 1,086 2,445
  ───────── ───────── ───────── ─────────
At 31 December 2022 14,893 2,114 106,531 123,538
  ───────── ───────── ───────── ─────────
Net book value
At 31 December 2022 4,682 750 2,206 7,638
  ═════════ ═════════ ═════════ ═════════
At 31 December 2021 5,853 938 3,292 10,083
  ═════════ ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2022.
   
6. Parent company
 
The company regards Naturhouse SRL Unipersonale as its parent company.
 
   
7. Controlling interest
 
The director, Felix Revuelta Fernandez is the ultimate controlling party.
   
8. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.