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REGISTERED NUMBER: 07185224 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Pradhan Healthcare Ltd

Pradhan Healthcare Ltd (Registered number: 07185224)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Pradhan Healthcare Ltd (Registered number: 07185224)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 141,459 161,667
Tangible assets 5 26,340 37,676
167,799 199,343

CURRENT ASSETS
Debtors 6 278,891 250,227
Investments 7 463,417 497,064
Cash at bank 439,047 316,073
1,181,355 1,063,364
CREDITORS
Amounts falling due within one year 8 98,612 140,767
NET CURRENT ASSETS 1,082,743 922,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,250,542

1,121,940

PROVISIONS FOR LIABILITIES 5,005 7,158
NET ASSETS 1,245,537 1,114,782

CAPITAL AND RESERVES
Called up share capital 9 104 104
Retained earnings 1,245,433 1,114,678
SHAREHOLDERS' FUNDS 1,245,537 1,114,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

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 19th October 2023 and were signed on its behalf by:





Dr N Pradhan - Director


Pradhan Healthcare Ltd (Registered number: 07185224)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. COMPANY INFORMATION

Pradhan Healthcare Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07185224

Registered office: First Floor
49 Peter Street
Manchester
M2 3NG

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Pradhan Healthcare Ltd (Registered number: 07185224)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
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.

Current asset investments
Investments in current assets such as listed share portfolios are measured at their market value. At each reporting date the increase/decrease in fair value is measured immediately in the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 404,165
AMORTISATION
At 1st April 2022 242,498
Amortisation for year 20,208
At 31st March 2023 262,706
NET BOOK VALUE
At 31st March 2023 141,459
At 31st March 2022 161,667

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 17,998 50,440 68,438
DEPRECIATION
At 1st April 2022 13,423 17,339 30,762
Charge for year 3,061 8,275 11,336
At 31st March 2023 16,484 25,614 42,098
NET BOOK VALUE
At 31st March 2023 1,514 24,826 26,340
At 31st March 2022 4,575 33,101 37,676

Pradhan Healthcare Ltd (Registered number: 07185224)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 15,889 10,158
S455 recoverable 66,365 58,885
Directors' current accounts 196,637 181,184
278,891 250,227

7. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
Unlisted investments 463,417 497,064

Market value of listed investments at 31 March 2023 - £463,417 (2022 - £497,064).
The current asset investments represents holdings in listed shares. The listed shares are recognised at market value.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 3,000 3,000
Corporation tax payable 92,498 134,653
Accrued expenses 3,114 3,114
98,612 140,767

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
2 Ordinary C £1 2 2
2 Ordinary D £1 2 2
104 104

Ordinary A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

Ordinary B, C and D Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A, B, C and D shares rank pari passu in respect of dividend and capital distribution rights.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

31.3.23 31.3.22
£    £   
Dr N Pradhan and Mrs G Pradhan
Balance outstanding at start of year 181,184 19,431
Amounts advanced 183,585 330,859
Amounts repaid (168,132 ) (169,106 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 196,637 181,184

Pradhan Healthcare Ltd (Registered number: 07185224)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The loan is repayable on demand and interest at 2.5% was charged during the year.

11. CONTROL

The ultimate controlling party is Dr N Pradhan by virtue of holding 100% of the voting share capital.