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REGISTERED NUMBER: 06227082 (England and Wales)














OTAGO HEALTHCARE LIMITED

Unaudited Financial Statements

for the Year Ended 31 October 2023






OTAGO HEALTHCARE LIMITED (REGISTERED NUMBER: 06227082)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


OTAGO HEALTHCARE LIMITED

Company Information
for the Year Ended 31 October 2023







Directors: Mr S Pooni
Mrs S Pooni





Secretary: Mrs S Pooni





Registered office: Artisans House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 06227082 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

OTAGO HEALTHCARE LIMITED (REGISTERED NUMBER: 06227082)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 380 4,556
Investments 5 - 29,220
380 33,776

CURRENT ASSETS
Debtors 6 - 190
Cash at bank - 136,672
- 136,862
CREDITORS
Amounts falling due within one year 7 12,731 29,817
NET CURRENT (LIABILITIES)/ASSETS (12,731 ) 107,045
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,351

)

140,821

CREDITORS
Amounts falling due after more than
one year

8

18,635

133,636
NET (LIABILITIES)/ASSETS (30,986 ) 7,185

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings (31,087 ) 7,084
SHAREHOLDERS' FUNDS (30,986 ) 7,185

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

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

OTAGO HEALTHCARE LIMITED (REGISTERED NUMBER: 06227082)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





Mr S Pooni - Director


OTAGO HEALTHCARE LIMITED (REGISTERED NUMBER: 06227082)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Otago Healthcare Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 30% on reducing balance and 20% on reducing balance

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

OTAGO HEALTHCARE LIMITED (REGISTERED NUMBER: 06227082)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 November 2022
and 31 October 2023 71,154
Depreciation
At 1 November 2022 66,598
Charge for year 4,176
At 31 October 2023 70,774
Net book value
At 31 October 2023 380
At 31 October 2022 4,556

5. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
At 1 November 2022 29,220
Disposals (29,220 )
At 31 October 2023 -
Net book value
At 31 October 2023 -
At 31 October 2022 29,220

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 190

OTAGO HEALTHCARE LIMITED (REGISTERED NUMBER: 06227082)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,058 11,212
Trade creditors - 2,111
Taxation and social security 1,665 632
Other creditors 8 15,862
12,731 29,817

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,635 33,636
Other creditors - 100,000
18,635 133,636