Company registration number: 10847654
|
|
|
FOR THE YEAR ENDED
30 JUNE 2024
|
|
|
|
GEORGE HEALTH ENTERPRISES UK LIMITED
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GEORGE HEALTH ENTERPRISES UK LIMITED
|
|
|
COMPANY INFORMATION
|
M Leavenworth-Bakali (resigned 31 December 2023)
|
|
T J Regan (resigned 30 November 2024)
|
|
|
|
J Ooi (appointed 30 November 2024)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chartered Accountants & Statutory Auditor
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GEORGE HEALTH ENTERPRISES UK LIMITED
|
|
|
CONTENTS
|
|
Statement of financial position
|
|
Notes to the financial statements
|
|
|
|
|
|
|
|
GEORGE HEALTH ENTERPRISES UK LIMITED
REGISTERED NUMBER:10847654
|
|
|
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 5 form part of these financial statements.
|
|
|
|
|
|
GEORGE HEALTH ENTERPRISES UK LIMITED
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
George Health Enterprises UK Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.
The company's functional and presentational currency is GBP.
2.Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
George Health Enterprises UK Limited is part of a public benefit group.
The financial statements have been prepared on a basis other than going concern.
The directors intend for the Company to be wound up during the year to 30 June 2025 and therefore do not consider it appropriate to adopt the going concern bais of accounting in preparing the financial statements.
Accordingly the financial statements have been prepared on a basis other than going concern and the Company's assets and liabilities are valued at net realisable value.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Revenue in respect of recharged costs is recognised as the costs are incurred on a cost plus basis with other group companies.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
|
|
|
|
|
|
GEORGE HEALTH ENTERPRISES UK LIMITED
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
|
|
|
|
|
|
Straight line over 3 years.
|
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
|
The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
|
|
|
|
|
|
|
GEORGE HEALTH ENTERPRISES UK LIMITED
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge for the year on owned assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GEORGE HEALTH ENTERPRISES UK LIMITED
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
|
|
|
|
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
Prepayments and accrued income
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to group undertakings
|
|
|
|
|
|
|
|
Other taxation and social security
|
|
|
|
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
The ultimate parent company is considered to be The George Institute for Global Health, a company incorporated in
Australia, by virtue of its controlling interest in George Health Enterprises PTY Limited, the immediate parent. The principal place of business is Level 5, 1 King Street, Newtown, NSW 2042, Australia.
The auditors' report on the financial statements for the period ended 30/06/2024 was unqualified.
The audit report was signed by Janice Matthews FCA (Senior statutory auditor) on behalf of Menzies LLP, Chartered Accountants & Statutory Auditor.
|
|