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REGISTERED NUMBER: 09466989 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE WELLNESS CENTRE BURY LIMITED

THE WELLNESS CENTRE BURY LIMITED (REGISTERED NUMBER: 09466989)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE WELLNESS CENTRE BURY LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Ms A J Wilson





REGISTERED OFFICE: 60 Ainsworth Road
Radcliffe
Greater Manchester
M26 4FA





REGISTERED NUMBER: 09466989 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

THE WELLNESS CENTRE BURY LIMITED (REGISTERED NUMBER: 09466989)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 837 761
Investment property 5 260,000 260,000
260,837 260,761

CURRENT ASSETS
Debtors 6 15,000 -
Cash at bank 11,942 3,425
26,942 3,425
CREDITORS
Amounts falling due within one year 7 97,209 65,794
NET CURRENT LIABILITIES (70,267 ) (62,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,570

198,392

CREDITORS
Amounts falling due after more than one
year

8

(38,967

)

(41,315

)

PROVISIONS FOR LIABILITIES 10 (25,290 ) (25,290 )
NET ASSETS 126,313 131,787

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 75,870 75,870
Retained earnings 50,343 55,817
SHAREHOLDERS' FUNDS 126,313 131,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 WELLNESS CENTRE BURY LIMITED (REGISTERED NUMBER: 09466989)

BALANCE SHEET - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

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





Ms A J Wilson - Director


THE WELLNESS CENTRE BURY LIMITED (REGISTERED NUMBER: 09466989)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

The Wellness Centre Bury Limited is a private company, limited by shares, registered in England and Wales. The company's registered number 09466989. The address of the registered office and principle place of business is 60 Ainsworth Road Radcliffe, Manchester, Greater Manchester, England, M26 4FA.

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.

Turnover
Turnover represent amounts recognised by the company in respect of goods and services supplied, exclusive of value added tax and trade discounts.

Turnover principally consists of income received from retails sales of medical and orthopaedic goods and real estate.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixture & fittings25 % on reducing balance
Computer equipment25% on reducing balance

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

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 profit and loss account, 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.


THE WELLNESS CENTRE BURY LIMITED (REGISTERED NUMBER: 09466989)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 550 2,904 3,454
Additions - 355 355
At 31 March 2024 550 3,259 3,809
DEPRECIATION
At 1 April 2023 436 2,257 2,693
Charge for year 29 250 279
At 31 March 2024 465 2,507 2,972
NET BOOK VALUE
At 31 March 2024 85 752 837
At 31 March 2023 114 647 761

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 260,000
NET BOOK VALUE
At 31 March 2024 260,000
At 31 March 2023 260,000

THE WELLNESS CENTRE BURY LIMITED (REGISTERED NUMBER: 09466989)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 101,160
Cost 158,840
260,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 15,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,488 6,534
Trade creditors 1,470 1,800
Pension contributions unpaid 258 209
Corporation tax 5,735 1,606
Social security and other taxes 57 131
Other creditors 45,528 43,377
Directors' current accounts 32,561 10,157
Accrued expenses 2,112 1,980
97,209 65,794

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 38,967 41,315

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 42,211 44,559

Bank loans are secured by fixed and negative pledge charges on Investment Property that is held in the accounts.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,290 25,290

Deferred
tax
£   
Balance at 1 April 2023 25,290
Fair value adjustment
Balance at 31 March 2024 25,290

THE WELLNESS CENTRE BURY LIMITED (REGISTERED NUMBER: 09466989)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

12. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 75,870

The fair value reserve includes revaluations in investment properties and the movement in deferred tax relating to the properties.

13. RELATED PARTY DISCLOSURES

At the year end the company owed £43,377 (2023 - £43,377) to a related entity.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Ms A J Wilson.