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REGISTERED NUMBER: 07434388 (England and Wales)












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: M E de Guingand



REGISTERED OFFICE: Playfoots
Bramble Reed Lane
Matfield
TONBRIDGE
Kent
TN12 7ET



REGISTERED NUMBER: 07434388 (England and Wales)



ACCOUNTANTS: Raymond Benn & Co Limited
Chartered Certified Accountants
1 Sheffield Road
Southborough
TUNBRIDGE WELLS
Kent
TN4 0PD



BANKERS: HSBC
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 - 3,170
Tangible assets 5 - -
Investments 6 33,000 33,000
33,000 36,170

CURRENT ASSETS
Debtors 21,646 21,606
Cash at bank 28,787 20,613
50,433 42,219
CREDITORS
Amounts falling due within one year (7,367 ) (12,292 )
NET CURRENT ASSETS 43,066 29,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,066

66,097

CREDITORS
Amounts falling due after more than one
year

(50,860

)

(50,548

)
NET ASSETS 25,206 15,549

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,106 15,449
SHAREHOLDERS' FUNDS 25,206 15,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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 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 Balance Sheet for the year ended 30 November 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 director and authorised for issue on 20 August 2024 and were signed by:





M E de Guingand - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 6,792
AMORTISATION
At 1 December 2022 3,622
Amortisation for year 3,170
At 30 November 2023 6,792
NET BOOK VALUE

At 30 November 2023 -
At 30 November 2022 3,170

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 2,399
DEPRECIATION
At 1 December 2022
and 30 November 2023 2,399
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.