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Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
In accordance with the exemption provided by FRC's Ethical Standard - Provisions Available for Audits of Small Entities, we have prepared and submitted the company’s returns to the tax authorities and assisted with the preparation of the accounts. |
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Conclusions relating to going concern |
In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue. |
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
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Emphasis of Matter |
In forming our opinion on the financial statement s, which is not midifed, we have considered the adequacy of the discolsure made in the Directors' Report and note 2 to the financial statements concerning the company's ability to continue as a going concern. The company incurred a net loss of £16,646 (2023: £12,390) during the year ended 31 March 2024 and at that date, the company's current liabilities exceed its toal assets by £116,502 (2023: £99,856). These conditions, along with the other matters explained in note 2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern. |
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Other information |
The other information comprises the information included in the annual report other than the accounts and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the accounts themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. |
We have nothing to report in this regard. |
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Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
● |
the information given in the directors’ report for the financial year for which the accounts are prepared is consistent with the accounts; and |
● |
the directors’ report has been prepared in accordance with applicable legal requirements. |
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Matters on which we are required to report by exception |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
- Enquires of management, concerning the company's policies and procedures relating to: |
* Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance |
* Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud. |
-Discussions among the engagement team regarding how and where fraud might occurre in the financial statements and potential indicators of fraud. |
In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. |
- Performed analytical procedures to identify any unusal relationships. |
- Tested journal entries to identify unusal transactions. |
We also obtained an understanding of the legal and regulatory frameworks that the company operates in. |
As a result of performing the above, we did not identify any key audit matters related to the potential risk of fraud or non-compliance. |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) LIMITED |
Notes to the Accounts |
for the year ended 31 March 2024 |
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|
1 |
Accounting policies |
|
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Going concern |
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As at 31 March 2024, total liabilities of the company exceeded its total assets by £116,502 (2023: £99,856). However, the directors of the company consider that the going concern basis is appropriate in view of the assurance of continuing suuport, which the company has received from its shareholders. The financial statements have been prepared on a going concern basis on the assumption that the company will continue to trade in the foreseeable future. The Company Directors having made appropriate enquires consider that adequate resources exist for the Company to continue in operational existence for the foreseeable future and with the continued support of the company's shareholder, the company will be able to meet its liabilities as they fall due for payment. Therefore, the diretcors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements. |
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Tangible fixed assets |
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated usueful life. |
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Plant and machinery etc |
-25% on cost, 20% on cost and 10% on cost |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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2 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
Paul O'Rourke |
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Firm: |
Evolve Accounting and Tax Solutions Limited |
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Date of audit report: |
24 October 2024 |
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3 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
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|
|
|
|
|
|
|
|
|
4 |
Tangible fixed assets |
|
|
|
|
|
|
|
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Plant and machinery etc |
£ |
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Cost |
|
At 1 April 2023 |
48,612 |
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At 31 March 2024 |
48,612 |
|
|
|
|
|
|
|
|
|
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Depreciation |
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At 1 April 2023 |
48,612 |
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At 31 March 2024 |
48,612 |
|
|
|
|
|
|
|
|
|
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Net book value |
|
At 31 March 2024 |
- |
|
|
5 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
VAT |
- |
|
56 |
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Other debtors |
- |
|
566 |
|
|
|
|
|
|
- |
|
622 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
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Trade creditors |
- |
|
982 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
110,533 |
|
97,275 |
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Other creditors |
7,000 |
|
3,999 |
|
|
|
|
|
|
117,533 |
|
102,256 |
|
|
|
|
|
|
|
|
|
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7 |
Related party transactions |
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Included in creditors payable within 1 year is an amount of £110,533 (2023: £97,275) payable to Dr. Batras' Positive Health Clinic FZLLC Dubai, a company under the common control of the parent company, Dr Batras' Postive Health Clinic Private Limited, which is registered in India. During the year interest of £7.758 (2023: £7,070) was payable on the related party debt. |
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8 |
Controlling party |
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During the year the company was comtrolled by it's parent company, which is Dr Batras' Positive Health Clinic Private Limited. |
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9 |
Other information |
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DR BATRAS' POSITIVE HEALTH CLINIC (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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Third Floor 126-134 |
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Baker Street, |
|
London |
|
W1U 6UE |
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10 |
Operating loss |
|
|
Operation loss was stated after charging auditors remuneration of £7,000 (2023: £4,000). |