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Company Registration No. 12442287 (England and Wales)
WELFARE HEALTHCARE PARTNERSHIP LTD Unaudited accounts for the year ended 28 February 2023
WELFARE HEALTHCARE PARTNERSHIP LTD Unaudited accounts Contents
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WELFARE HEALTHCARE PARTNERSHIP LTD Company Information for the year ended 28 February 2023
Directors
Mustafa Hakimudin BHAIJI Hau Wee LIM Yew Huey THONG Ka Fung TO
Company Number
12442287 (England and Wales)
Registered Office
68 FRIAR GATE DERBY DE1 1FP ENGLAND
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WELFARE HEALTHCARE PARTNERSHIP LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
935,000 
935,000 
Tangible assets
3,000 
4,000 
938,000 
939,000 
Current assets
Inventories
43,785 
55,327 
Cash at bank and in hand
136,962 
92,713 
180,747 
148,040 
Creditors: amounts falling due within one year
(135,484)
(91,629)
Net current assets
45,263 
56,411 
Total assets less current liabilities
983,263 
995,411 
Creditors: amounts falling due after more than one year
(949,453)
(990,994)
Net assets
33,810 
4,417 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
33,710 
4,317 
Shareholders' funds
33,810 
4,417 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
Hau Wee LIM Director Company Registration No. 12442287
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WELFARE HEALTHCARE PARTNERSHIP LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
WELFARE HEALTHCARE PARTNERSHIP LTD is a private company, limited by shares, registered in England and Wales, registration number 12442287. The registered office is 68 FRIAR GATE, DERBY, DE1 1FP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
935,000 
At 28 February 2023
935,000 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
935,000 
At 28 February 2022
935,000 
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WELFARE HEALTHCARE PARTNERSHIP LTD Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
5,000 
At 28 February 2023
5,000 
Depreciation
At 1 March 2022
1,000 
Charge for the year
1,000 
At 28 February 2023
2,000 
Net book value
At 28 February 2023
3,000 
At 28 February 2022
4,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
15,339 
9,457 
Proposed dividends
35,000 
35,000 
Loans from directors
85,145 
47,172 
135,484 
91,629 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
329,453 
370,994 
Loans from directors
620,000 
620,000 
949,453 
990,994 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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