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REGISTERED NUMBER: 08858169 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SAVANA HEALTH & SPA LTD

SAVANA HEALTH & SPA LTD (REGISTERED NUMBER: 08858169)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAVANA HEALTH & SPA LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Dr R Dehghan
Dr M B Fahami





REGISTERED OFFICE: 10 London Mews
London
ENGLAND
W2 1HY





REGISTERED NUMBER: 08858169 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

SAVANA HEALTH & SPA LTD (REGISTERED NUMBER: 08858169)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,033 -
Tangible assets 5 67,974 59,727
74,007 59,727

CURRENT ASSETS
Stocks 3,330 3,850
Debtors 6 336,717 -
Cash at bank and in hand 116,304 374,395
456,351 378,245
CREDITORS
Amounts falling due within one year 7 270,160 204,708
NET CURRENT ASSETS 186,191 173,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,198

233,264

CREDITORS
Amounts falling due after more than one
year

8

(5,883

)

(47,457

)

PROVISIONS FOR LIABILITIES (14,441 ) -
NET ASSETS 239,874 185,807

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 239,872 185,805
SHAREHOLDERS' FUNDS 239,874 185,807

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

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

SAVANA HEALTH & SPA LTD (REGISTERED NUMBER: 08858169)

BALANCE SHEET - continued
31 March 2023


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 13 October 2023 and were signed on its behalf by:




Dr M B Fahami - Director



Dr R Dehghan - Director


SAVANA HEALTH & SPA LTD (REGISTERED NUMBER: 08858169)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Savana Health & Spa 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.

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 is measured as the fair value of the consideration received or receivable, excluding discounts and rebates. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill is measured at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation is charged so as to allocate the cost of goodwill less the residual value over the estimated useful life. Goodwill is amortised over the useful economic life of 10 years.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended ny management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives as indicated below:

Depreciation is provided on the following basis:


Fixtures and Fittings - 25% straight line
Plant and Machinery - 25% straight line
Short leasehold - over term of lease

The assets' residual values, useful lives and depreciation methods are reviewed annually and adjusted accordingly if applicable.

Stocks
Stocks are stated at the lower of cost and estimated selling price less cost to complete and sell. Costs is based on the cost of purchase on a first in, first out basis.

At the balance sheet date, stock is assessed for impairment. If the stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss.


SAVANA HEALTH & SPA LTD (REGISTERED NUMBER: 08858169)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 60,329
At 31 March 2023 60,329
AMORTISATION
Charge for year 54,296
At 31 March 2023 54,296
NET BOOK VALUE
At 31 March 2023 6,033

SAVANA HEALTH & SPA LTD (REGISTERED NUMBER: 08858169)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 - 202,229 202,229
Additions 1,000 40,635 41,635
At 31 March 2023 1,000 242,864 243,864
DEPRECIATION
At 1 April 2022 - 142,502 142,502
Charge for year 1,000 32,388 33,388
At 31 March 2023 1,000 174,890 175,890
NET BOOK VALUE
At 31 March 2023 - 67,974 67,974
At 31 March 2022 - 59,727 59,727

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 6,594 -
Other debtors 307,873 -
314,467 -

Amounts falling due after more than one year:
Other debtors 22,250 -

Aggregate amounts 336,717 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 902 -
Hire purchase contracts 6,200 -
Trade creditors 4,530 61,183
Tax 27,884 14,903
Social security and other taxes 2,428 3,622
Other creditors 22,317 -
Pension payable 302 -
Directors' current accounts 201,721 125,000
Accrued expenses 3,876 -
270,160 204,708

SAVANA HEALTH & SPA LTD (REGISTERED NUMBER: 08858169)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 902 -
Bank loans - 2-5 years 848 47,457
Hire purchase contracts 4,133 -
5,883 47,457

9. 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 and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

10. OTHER FINANCIAL COMMITMENTS

The company is committed to making the following annual payments:


Operating lease commitments not included in the balance sheet amount to £491,047 (2022 - £539,047)

11. RELATED PARTY DISCLOSURES

During the year, the director of the company advanced the company loans of £262,770 (2022: £144,068) and was repaid loans of £61,049 (2022: £144,068)

At the balance sheet date the company owed the director £201,721 (2022: £Nil). This is included in other creditors.

Loans are repayable on demand.

Directors

As at 31st March 2023 the company is owed £307,873 (2022- £Nil) to a company in which the directors have a material interest.

Loans are repayable on demand.