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Registration number: 05422677

The Chiltern Hills Heart Clinic Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

The Chiltern Hills Heart Clinic Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

The Chiltern Hills Heart Clinic Limited

Company Information

Director

Dr P Ramrakha

Company secretary

Tax Innovations Limited

Registered office

1 Ledborough Wood
Beaconsfield
Bucks
HP9 2DJ

Accountants

Tax Innovations Limited
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

 

The Chiltern Hills Heart Clinic Limited

(Registration number: 05422677)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

126,804

163,772

Current assets

 

Debtors

5

106,751

82,382

Investments

6

396,000

396,000

Cash at bank and in hand

 

906,939

832,016

 

1,409,690

1,310,398

Creditors: Amounts falling due within one year

7

(520,697)

(424,254)

Net current assets

 

888,993

886,144

Net assets

 

1,015,797

1,049,916

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

1,015,795

1,049,914

Shareholders' funds

 

1,015,797

1,049,916

 

The Chiltern Hills Heart Clinic Limited

(Registration number: 05422677)
Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 September 2024
 

.........................................
Dr P Ramrakha
Director

 

The Chiltern Hills Heart Clinic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Ledborough Wood
Beaconsfield
Bucks
HP9 2DJ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

The Chiltern Hills Heart Clinic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Technical and computer equipment

33% reducing balance

Fixtures and Fittings

20% reducing balance

Motor Vehicle

20% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

The Chiltern Hills Heart Clinic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 5).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

308,055

84,654

392,709

Additions

1,519

-

1,519

At 30 November 2023

309,574

84,654

394,228

Depreciation

At 1 December 2022

216,239

12,698

228,937

Charge for the year

24,096

14,391

38,487

At 30 November 2023

240,335

27,089

267,424

Carrying amount

At 30 November 2023

69,239

57,565

126,804

At 30 November 2022

91,816

71,956

163,772

5

Debtors

 

The Chiltern Hills Heart Clinic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Current

2023
£

2022
£

Prepayments

59,844

35,819

Other debtors

46,907

46,563

 

106,751

82,382

6

Current asset investments

2023
£

2022
£

Other investments

396,000

396,000

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

13,397

2,963

Taxation and social security

9,741

26,024

Accruals and deferred income

3,180

3,180

Other creditors

494,379

392,087

520,697

424,254

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

A ordinary share of £1 each

1

1

1

1

B ordinary share of £1 each

1

1

1

1

2

2

2

2

9

Related party transactions

Summary of transactions with entities with joint control or significant interest

 

The Chiltern Hills Heart Clinic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Dr P Ramrakha Limited
(a company controlled by Dr P Ramrakha).

Heart Health Limited
(a company controlled by Dr P Ramrakha).

 

Income and receivables from related parties

2023

Entities with joint control or significant influence
£

Amounts receivable from related party

46,907

2022

Entities with joint control or significant influence
£

Receipt of services

154,000

Amounts receivable from related party

46,564

Expenditure with and payables to related parties

2023

Entities with joint control or significant influence
£

Amounts payable to related party

494,379

2022

Entities with joint control or significant influence
£

Amounts payable to related party

391,622