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REGISTERED NUMBER: 08529337 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Connaught Healthcare Limited

Connaught Healthcare Limited (Registered number: 08529337)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Connaught Healthcare Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Dr P A Shah





REGISTERED OFFICE: 22 JFK House
Royal Connaught Park
Bushey
Watford
Hertfordshire
WD23 2RA





REGISTERED NUMBER: 08529337 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Connaught Healthcare Limited (Registered number: 08529337)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 592 74
Investments 5 350,568 330,000
351,160 330,074

CURRENT ASSETS
Debtors 6 64,862 181,096
Cash at bank 557,899 528,688
622,761 709,784
CREDITORS
Amounts falling due within one year 7 90,579 159,349
NET CURRENT ASSETS 532,182 550,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

883,342

880,509

PROVISIONS FOR LIABILITIES 12,001 6,640
NET ASSETS 871,341 873,869

CAPITAL AND RESERVES
Called up share capital 101 100
Fair value reserve 9 47,314 31,888
Retained earnings 823,926 841,881
SHAREHOLDERS' FUNDS 871,341 873,869

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Connaught Healthcare Limited (Registered number: 08529337)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





Dr P A Shah - Director


Connaught Healthcare Limited (Registered number: 08529337)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Connaught Healthcare Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services. Revenue is recognised when the company obtains the right to receive consideration for 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.
Computer equipment - Straight line over 3 years

Financial instruments
Basic financial instruments are recognised at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 NIL (2023 - NIL).

Connaught Healthcare Limited (Registered number: 08529337)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 2,961
Additions 887
At 31 May 2024 3,848
DEPRECIATION
At 1 June 2023 2,887
Charge for year 369
At 31 May 2024 3,256
NET BOOK VALUE
At 31 May 2024 592
At 31 May 2023 74

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 June 2023 330,000
Revaluations 20,568
At 31 May 2024 350,568
NET BOOK VALUE
At 31 May 2024 350,568
At 31 May 2023 330,000

Connaught Healthcare Limited (Registered number: 08529337)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2024 is represented by:

Listed
investments
£   
Valuation in 2016 1,192
Valuation in 2017 10,950
Valuation in 2018 2,370
Valuation in 2019 1,035
Valuation in 2020 (24,298 )
Valuation in 2021 53,269
Valuation in 2022 1,388
Valuation in 2023 (5,906 )
Valuation in 2024 20,568
Cost 290,000
350,568

Listed and unlisted Investment are included at fair value.

6. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 11,520 -
Other debtors 53,342 148,735
64,862 148,735

Amounts falling due after more than one year:
Other debtors - 32,361

Aggregate amounts 64,862 181,096

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 557 164
Taxation and social security 69,986 119,665
Other creditors 20,036 39,520
90,579 159,349

Connaught Healthcare Limited (Registered number: 08529337)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 9,018 2,181
Between one and five years 15,781 -
24,799 2,181

9. RESERVES
Fair
value
reserve
£   
At 1 June 2023 31,888
Fixed asset invest revaluation 15,426

At 31 May 2024 47,314

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Dr P A Shah
Balance outstanding at start of year 97,230 57,002
Amounts advanced 94,520 131,101
Amounts repaid (191,750 ) (90,873 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 97,230

Interest is charged on the loans at the official rate. The loans are repayable on demand.