REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
THIRD PILLAR OF HEALTH LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
THIRD PILLAR OF HEALTH LTD |
THIRD PILLAR OF HEALTH LTD (REGISTERED NUMBER: 07434388) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
THIRD PILLAR OF HEALTH LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
1 Sheffield Road |
Southborough |
TUNBRIDGE WELLS |
Kent |
TN4 0PD |
BANKERS: |
5 Wimbledon Hill Road |
Wimbledon |
London |
SW19 7NF |
THIRD PILLAR OF HEALTH LTD (REGISTERED NUMBER: 07434388) |
ABRIDGED BALANCE SHEET |
30 NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
THIRD PILLAR OF HEALTH LTD (REGISTERED NUMBER: 07434388) |
ABRIDGED BALANCE SHEET - continued |
30 NOVEMBER 2023 |
The financial statements were approved by the director and authorised for issue on |
THIRD PILLAR OF HEALTH LTD (REGISTERED NUMBER: 07434388) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Third Pillar of Health Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Third Pillar of Health Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any impairment losses. |
The cost of the design and build of the company's website will be amortised evenly over its estimated useful life of five years, commencing with effect from 1 December 2020. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2022 |
and 30 November 2023 |
AMORTISATION |
At 1 December 2022 |
Amortisation for year |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
THIRD PILLAR OF HEALTH LTD (REGISTERED NUMBER: 07434388) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2022 |
and 30 November 2023 |
DEPRECIATION |
At 1 December 2022 |
and 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 December 2022 |
and 30 November 2023 | 33,000 |
NET BOOK VALUE |
At 30 November 2023 | 33,000 |
At 30 November 2022 | 33,000 |
See note 12. |
7. | ULTIMATE CONTROLLING PARTY |
The controlling party is M E de Guingand. |
8. | FIXED ASSET INVESTMENTS |
The company's investment of £33,000 at the balance sheet date represents the cost of a holding of 65.8% of the ordinary share capital of Metronaps (UK) Limited, a company whose business is workplace fatigue consultancy. |
The aggregate capital and reserves of Metronaps (UK) Limited at 31 December 2022 amounted to a deficit of £19,706 (2021: £24,615) and the profit for the year ended 31 December 2022 amounted to £3,125 (2021: £4531). |
The director is of the opinion that the value of the investment in the subsidiary is fairly stated at a net book value of £33,00 due to the expected royalty income stream. |
Subsequent to the balance sheet date however application has been made for the dissolution of Metronaps (UK) Limited. The company has acquired the intellectual property owned by Metronaps (UK) Limited and waived the remaining loan liability. The net impact of the closure of Metronaps (UK) Limited is a loss after the balance sheet date of £21,148. |