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REGISTERED NUMBER: 09680190 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

SMYS Healthcare Ltd

SMYS Healthcare Ltd (Registered number: 09680190)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SMYS Healthcare Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr T S Mohamedali
Dr Y B Shah





REGISTERED OFFICE: 139 Melton Road
Leicester
Leicestershire
LE4 6QS





REGISTERED NUMBER: 09680190 (England and Wales)





ACCOUNTANTS: Xitax Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

SMYS Healthcare Ltd (Registered number: 09680190)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,729 5,459
Investment property 5 810,000 810,000
812,729 815,459

CURRENT ASSETS
Cash at bank 5,564 11,560

CREDITORS
Amounts falling due within one year 22,844 25,165
NET CURRENT LIABILITIES (17,280 ) (13,605 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

795,449

801,854

CREDITORS
Amounts falling due after more than one
year

6

(319,552

)

(328,359

)

PROVISIONS FOR LIABILITIES (42,358 ) (43,040 )
NET ASSETS 433,539 430,455

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 433,439 430,355
SHAREHOLDERS' FUNDS 433,539 430,455

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.

SMYS Healthcare Ltd (Registered number: 09680190)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 August 2024 and were signed on its behalf by:





Mr T S Mohamedali - Director


SMYS Healthcare Ltd (Registered number: 09680190)

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

1. STATUTORY INFORMATION

SMYS Healthcare 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

The directors have made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

Turnover
Turnover represents rents receivable exempt of value added tax.

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 - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

SMYS Healthcare Ltd (Registered number: 09680190)

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 NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 17,835
DEPRECIATION
At 1 November 2022 12,376
Charge for year 2,730
At 31 October 2023 15,106
NET BOOK VALUE
At 31 October 2023 2,729
At 31 October 2022 5,459

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 810,000
NET BOOK VALUE
At 31 October 2023 810,000
At 31 October 2022 810,000

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The fair value of the property at 31 October 2023 has been arrived at on the basis of a valuation carried
out at that date by Mr T Mohamedali, the director of the company, who is not a professionally qualified valuer.

The valuation was arrived at by reference to market evidence of transaction prices for similar
properties in its location and takes into account the current state of the rental market in the area where
the property is situated.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.23 31.10.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 271,293 272,180

SMYS Healthcare Ltd (Registered number: 09680190)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 330,547 341,144

The loan is secured by a fixed charge over certain property, assets and undertakings of the company.