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REGISTERED NUMBER: 08215693 (England and Wales)



















Financial Statements

for the Year Ended 31 October 2023

for

MyPath Limited

MyPath Limited (Registered number: 08215693)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MyPath Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D Roopun
Mrs C Roopun





SECRETARY: Mrs C Roopun





REGISTERED OFFICE: 19 - 21 Heatherley Road
Camberley
Surrey
GU15 3LX





REGISTERED NUMBER: 08215693 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

MyPath Limited (Registered number: 08215693)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,385 13,142

CURRENT ASSETS
Stocks 450 450
Debtors 5 103,644 144,707
Cash at bank and in hand 396,946 182,400
501,040 327,557
CREDITORS
Amounts falling due within one year 6 86,629 87,163
NET CURRENT ASSETS 414,411 240,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,796

253,536

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 426,795 253,535
SHAREHOLDERS' FUNDS 426,796 253,536

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





D Roopun - Director


MyPath Limited (Registered number: 08215693)

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

1. STATUTORY INFORMATION

MyPath 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents invoiced patient fees receivable in respect of the value of care services supplied during the year. Fees are accounted for in the year in which the services are provided.

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 by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Improvements to property- 5% on reducing balance
Fixtures and fittings- 15% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Deferred tax
Deferred tax arises from timing differences that are differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Grants
Revenue grants are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute.

3. EMPLOYEES AND DIRECTORS

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

MyPath Limited (Registered number: 08215693)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 17,385 3,986 21,371
DEPRECIATION
At 1 November 2022 5,245 2,984 8,229
Charge for year 607 150 757
At 31 October 2023 5,852 3,134 8,986
NET BOOK VALUE
At 31 October 2023 11,533 852 12,385
At 31 October 2022 12,140 1,002 13,142

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 39,238
Amounts owed by group undertakings 101,784 102,711
Other debtors 207 1,146
Prepayments 1,653 1,612
103,644 144,707

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,322 7,723
Amounts owed to group undertakings 15,660 1,192
Tax 49,024 32,125
Social security and other taxes 5,913 5,441
Accrued expenses 9,710 40,682
86,629 87,163

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Wayne Thomas ACA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd

8. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Beaumont Lodge Limited. The ultimate parent undertaking is Beaumont Lodge Holdings Limited. The registered office of both companies is 19-21 Heatherley Road, Camberley, Surrey, GU15 3LX. Copies of the consolidated financial statements are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.