Company registration number 03695432 (England and Wales)
GARRETT HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
GARRETT HOLDINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GARRETT HOLDINGS LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
270,949
270,949
Capital and reserves
Called up share capital
3,000
3,000
Share premium account
343,023
343,023
Profit and loss reserves
(75,074)
(75,074)
Total equity
270,949
270,949

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 13 February 2024 and are signed on its behalf by:
Mr V Bhatia
Director
Company registration number 03695432 (England and Wales)
GARRETT HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 2 -
1
Accounting policies
Company information

Garrett Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5, Crown Point Industrial Park, King Street, Denton, Manchester, United Kingdom, M34 6PF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2
Employees
2023
2022
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
270,949
270,949
GARRETT HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
4
Subsidiaries

Details of the company's subsidiaries at 30 September 2021 are as follows

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Bailey & Garrett (Chemists) Limited
Unit 5, Crown Point South Industrial Park, Denton Manchester, Greater Manchester, M34 6PF
Non-trading
Ordinary shares
100.00
5
Parent company

The company's immediate parent is Newbridge (Healthcare) Limited, a company incorporated in England and Wales.

 

The ultimate parent is Newbridge Healthcare Holdings Limited, a company incorporated in England and Wales.

 

The ultimate controlling parties of the company are Mr V Bhatia and Mr E Bar-Ilan by virtue of their shareholdings in Newbridge Healthcare Holdings Limited.

 

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