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Registration number: 11621475

Ideal Health Middle East Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 June 2023

 

Ideal Health Middle East Limited

(Registration number: 11621475)
Statement of Financial Position as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

657,112

558,318

Cash at bank and in hand

 

132,980

168,986

 

790,092

727,304

Creditors: Amounts falling due within one year

5

(814,289)

(761,747)

Net liabilities

 

(24,197)

(34,443)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(24,198)

(34,444)

Shareholders' deficit

 

(24,197)

(34,443)

For the financial year ending 30 June 2023 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 Income Statement has been taken.

Approved and authorised by the Board on 30 October 2023 and signed on its behalf by:
 

.........................................
Mr C D C Brimble
Director

.........................................
Mrs K A Rusbridge
Director

 

Ideal Health Middle East Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 are prepared in sterling, which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent is established under the law of an EEA State.

Going concern

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 provision of services in the ordinary course of the company’s activities.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into the respective functional currency of the entity at the rates prevailing on the reporting date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at rates prevailing on the initial transaction dates. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Ideal Health Middle East Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Debtors

Note

2023
£

2022
£

Trade debtors

 

53,181

55,213

Amounts owed by related parties

593,503

434,525

Prepayments

 

1,138

16,388

Accrued income

 

9,290

52,192

 

657,112

558,318

 

Ideal Health Middle East Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Amounts owed to group undertakings and undertakings in which the company has a participating interest

803,513

741,502

Taxation and social security

2,403

-

Accruals and deferred income

8,373

20,245

814,289

761,747

6

Parent and ultimate parent undertaking

The company's immediate parent is Ideal Health Consultants Limited, incorporated in England and Wales.

  The address of the parent's registered office is Knoll House, Knoll Road, Camberley, Surrey GU15 3SY.

 

7

Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the parent company.