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REGISTERED NUMBER: 08428984 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

13 SEPTEMBER 2023

FOR

HARMONY MEDICAL PRACTICE LIMITED

HARMONY MEDICAL PRACTICE LIMITED (REGISTERED NUMBER: 08428984)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 13 SEPTEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


HARMONY MEDICAL PRACTICE LIMITED (REGISTERED NUMBER: 08428984)

BALANCE SHEET
13 SEPTEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 6 122,217 133,897

CREDITORS
Amounts falling due within one year 7 40,417 54,152
NET CURRENT ASSETS 81,800 79,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,800

79,745

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 81,700 79,645
SHAREHOLDERS' FUNDS 81,800 79,745

HARMONY MEDICAL PRACTICE LIMITED (REGISTERED NUMBER: 08428984)

BALANCE SHEET - continued
13 SEPTEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 13 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 13 September 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Dr B Hussain - Director


HARMONY MEDICAL PRACTICE LIMITED (REGISTERED NUMBER: 08428984)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 13 SEPTEMBER 2023


1. STATUTORY INFORMATION

Harmony Medical Practice Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08428984

Registered office: 14 Richmond Way
East Grinstead
West Sussex
RH19 4TG

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company ceased trading on 13 September 2022 and therefore the financial statements have been prepared on the basis that the company is no longer a going concern. The company's assets have been reviewed for impairment and written down to their recoverable amounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on cost

All fixed assets are initially recorded at cost.

Government grants
The entity has adopted the use of the accruals model in respect of grants received.

Any grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in 'Other income', in the period to which it relates.


HARMONY MEDICAL PRACTICE LIMITED (REGISTERED NUMBER: 08428984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 13 SEPTEMBER 2023


3. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

HARMONY MEDICAL PRACTICE LIMITED (REGISTERED NUMBER: 08428984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 13 SEPTEMBER 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Equipmen
£   
COST
At 14 September 2022
and 13 September 2023 6,315
DEPRECIATION
At 14 September 2022
and 13 September 2023 6,315
NET BOOK VALUE
At 13 September 2023 -
At 13 September 2022 -

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 9,053 17,573
Directors' current account 85,914 92,644
Corporation tax recoverable 5,772 2,659
100,739 112,876

Amounts falling due after more than one year:
Tax recoverable 21,478 21,021

Aggregate amounts 122,217 133,897

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,030 33,333
Other loans - 5,007
PAYE and social security 2,362 10,901
Accruals and deferred income 5,025 4,911
40,417 54,152

HARMONY MEDICAL PRACTICE LIMITED (REGISTERED NUMBER: 08428984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 13 SEPTEMBER 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 13 September 2023 and the period ended 13 September 2022:

2023 2022
£    £   
Dr B Hussain and Dr S Rahiman
Balance outstanding at start of year 92,644 122,126
Amounts advanced - 25,497
Amounts repaid (6,730 ) (54,979 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,914 92,644

Advances to directors are repayable on demand and interest was charged at 2.0% per annum up to 5 April 2023 and at 2.25% per annum thereafter, on balances exceeding £10,000 per director. The interest charged for the year amounted to £1,813 (2022: £2,864).