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REGISTERED NUMBER: 13065196 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Knutsford Healthcare Ltd

Knutsford Healthcare Ltd (Registered number: 13065196)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Knutsford Healthcare Ltd

Company Information
for the Year Ended 30th June 2024







Directors: S Bhatia
I Hussain





Registered office: 10 Park Place
Manchester
Greater Manchester
M4 4EY





Registered number: 13065196 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

Knutsford Healthcare Ltd (Registered number: 13065196)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 263,679 263,679
Tangible assets 5 4,467 5,757
Investments 6 1,384,874 1,384,874
1,653,020 1,654,310

Current assets
Stocks 22,356 19,985
Debtors 7 54,396 37,535
Cash at bank and in hand 17,110 13,810
93,862 71,330
Creditors
Amounts falling due within one year 8 89,079 66,030
Net current assets 4,783 5,300
Total assets less current liabilities 1,657,803 1,659,610

Creditors
Amounts falling due after more than one
year

9

1,672,883

1,652,211
Net (liabilities)/assets (15,080 ) 7,399

Capital and reserves
Called up share capital 10 100 100
Retained earnings (15,180 ) 7,299
Shareholders' funds (15,080 ) 7,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Knutsford Healthcare Ltd (Registered number: 13065196)

Balance Sheet - continued
30th June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th March 2025 and were signed on its behalf by:





S Bhatia - Director


Knutsford Healthcare Ltd (Registered number: 13065196)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. Statutory information

Knutsford Healthcare 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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


Knutsford Healthcare Ltd (Registered number: 13065196)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


2. Accounting policies - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st July 2023
and 30th June 2024 263,679
Net book value
At 30th June 2024 263,679
At 30th June 2023 263,679

5. Tangible fixed assets
Fixtures
and
fittings Equipment Totals
£    £    £   
Cost
At 1st July 2023
and 30th June 2024 3,500 4,989 8,489
Depreciation
At 1st July 2023 586 2,146 2,732
Charge for year 292 998 1,290
At 30th June 2024 878 3,144 4,022
Net book value
At 30th June 2024 2,622 1,845 4,467
At 30th June 2023 2,914 2,843 5,757

Knutsford Healthcare Ltd (Registered number: 13065196)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


6. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1st July 2023
and 30th June 2024 1,384,874
Net book value
At 30th June 2024 1,384,874
At 30th June 2023 1,384,874

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 48,659 33,750
Other debtors 5,737 3,785
54,396 37,535

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 57,709 41,945
Taxation and social security 1,870 1,585
Other creditors 29,500 22,500
89,079 66,030

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 1,245,809 1,285,370
Other creditors 427,074 366,841
1,672,883 1,652,211

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 427,074 366,841

Repayable by instalments
Bank loans more 5 yr by instal 1,245,809 1,285,370

Knutsford Healthcare Ltd (Registered number: 13065196)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. Related party disclosures

At the year end loans made by related parties amounted to £427,074 (2023: £366,841).