Registered number
11652252
5 HEALTH HOLDINGS LTD
Filleted Accounts
31 October 2023
5 HEALTH HOLDINGS LTD
Registered number: 11652252
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 140,000 140,000
Current assets
Debtors 4 22,203 8,103
Cash at bank and in hand 845 6,185
23,048 14,288
Creditors: amounts falling due within one year 5 (43,964) (17,109)
Net current liabilities (20,916) (2,821)
Total assets less current liabilities 119,084 137,179
Creditors: amounts falling due after more than one year 6 (51,307) (73,440)
Net assets 67,777 63,739
Capital and reserves
Called up share capital 200 200
Revaluation reserve 7 40,000 40,000
Profit and loss account 27,577 23,539
Shareholders' funds 67,777 63,739
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Syed Ali Razza Naqvi
Director
Approved by the board on 27 January 2025
5 HEALTH HOLDINGS LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
The company owns an investment property that is held to generate rental income.The investment property is initially recognized at cost, which includes the purchase price and directly attributable costs. Subsequently, it is measured at fair value at each reporting date. Changes in the fair value are recognized in the profit and loss account. No depreciation is charged on the investment property.
Investment Property Not depreciated
Debtors
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.
Taxation
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 140,000
At 31 October 2023 140,000
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 140,000
At 31 October 2022 140,000
4 Debtors 2023 2022
£ £
Other debtors 22,203 8,103
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,238 5,873
Loans from directors 30,465 -
Trade creditors - (1,767)
Taxation and social security costs 4,161 3,214
Other creditors 1,100 9,789
43,964 17,109
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 51,307 73,440
7 Revaluation reserve 2023 2022
£ £
At 1 November 2022 40,000 40,000
At 31 October 2023 40,000 40,000
8 Other information
5 HEALTH HOLDINGS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, Parkway 5
300 Princess Road
Manchester
England
M14 7HR
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