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REGISTERED NUMBER: 07658831 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

BALANCED MINDS LTD

BALANCED MINDS LTD (REGISTERED NUMBER: 07658831)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BALANCED MINDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: Dr C Heriot-Maitland
Dr C P Irons





REGISTERED OFFICE: Second Floor Windsor House
40/41 Great Castle Street
London
W1W 8LU





REGISTERED NUMBER: 07658831 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

BALANCED MINDS LTD (REGISTERED NUMBER: 07658831)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,589 2,590

CURRENT ASSETS
Debtors 5 122,945 111,116
Cash at bank 95,565 648,292
218,510 759,408
CREDITORS
Amounts falling due within one year 6 (47,263 ) (416,789 )
NET CURRENT ASSETS 171,247 342,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,836

345,209

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 173,832 345,205
SHAREHOLDERS' FUNDS 173,836 345,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





Dr C Heriot-Maitland - Director


BALANCED MINDS LTD (REGISTERED NUMBER: 07658831)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Balanced Minds 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.

Turnover
Turnover is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Computer equipment - 25% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 6 April 2023 1,924 10,766 12,690
Additions - 1,635 1,635
At 5 April 2024 1,924 12,401 14,325
DEPRECIATION
At 6 April 2023 1,443 8,657 10,100
Charge for year 481 1,155 1,636
At 5 April 2024 1,924 9,812 11,736
NET BOOK VALUE
At 5 April 2024 - 2,589 2,589
At 5 April 2023 481 2,109 2,590

BALANCED MINDS LTD (REGISTERED NUMBER: 07658831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,945 111,116

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 340,000
Corporation tax 46,927 75,938
Social security and other taxes 6 6
Accruals and deferred income 330 845
47,263 416,789