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REGISTERED NUMBER: 04429058 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Balance Master UK Limited

Balance Master UK Limited (Registered number: 04429058)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Balance Master UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P J Ellin





SECRETARY: D R Jones





REGISTERED OFFICE: Unit 1 Colomendy Industrial Estate
Rhyl Road
Denbigh
Denbighshire
Clwyd
LL16 5TS





REGISTERED NUMBER: 04429058 (England and Wales)

Balance Master UK Limited (Registered number: 04429058)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   

CREDITORS
Amounts falling due within one year 5 456,471 456,471
NET CURRENT LIABILITIES (456,471 ) (456,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(456,471

)

(456,471

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (456,473 ) (456,473 )
SHAREHOLDERS' FUNDS (456,471 ) (456,471 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





P J Ellin - Director


Balance Master UK Limited (Registered number: 04429058)

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

1. STATUTORY INFORMATION

Balance Master UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Monetary amounts in these financial statements are rounded to the nearest whole £1, except where otherwise indicated.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Going concern
The company's business activities, together with the factors likely to affect its future development and position, are set out in the Business Review section of the directors' report in the consolidated financial statements.

The company had net liabilities of £456,471 at the year end. However, the company's ultimate parent NHC Holdings Limited has given undertakings to support the company in meeting its liabilities as they fall due. The company participates in the group's centralised treasury arrangements and so shares banking arrangements with its parent and fellow subsidiaries.

The directors, having assessed the responses of the directors of the company's parent NHC Holdings Limited to their enquiries have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the NHC Holdings Limited group to continue as a going concern or its ability to continue with the current banking arrangements.

On the basis of their assessment of the company's financial position and of the enquiries made of the directors of NHC Holdings Limited, the company directors have a reasonable expectation that the company will be able to continue in the operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been used.

The ultimate parent company, NHC Holdings Limited, has confirmed its intention to support the company in meeting its liabilities as they fall due and consequently the financial statements have been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

Balance Master UK Limited (Registered number: 04429058)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 28,000
DEPRECIATION
At 1 January 2023
and 31 December 2023 28,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 456,471 456,471

6. CONTINGENT LIABILITIES

The company has given composite cross guarantees relating to the bank borrowing of certain subsidiary companies. These borrowings amounted to £nil at the year end.

7. RELATED PARTY DISCLOSURES

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.

NHC Holdings Limited, whose registered office is the same as Balance Master UK Limited, is the ultimate parent company and draws up consolidated group financial statements of which Balance Master UK Limited is a member.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the board of directors.