The Westbourne Centre, Birmingham Limited is a private company limited by shares incorporated in England and Wales. The registered office is Level 18, Tower 42, 25 Old Broad Street, London, EC2N 1HQ. The company trades from 53 Church Road, Edgbaston, Birmingham, B15 3SJ.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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 company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average monthly number of persons (including directors) employed by the company during the year was:
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.
Cosmetic Surgery Partnership Limited
All the directors of Cosmetic Surgery Partnership Limited, namely, Mr M F T Fatah, Mr H Nishikawa, Mr M S Dover and Mr A J Summerwill are also employed as consultants of The Westbourne Centre, Birmingham Limited, with Mr M F T Fatah and Mr A J Summerwill also being directors of the company.
Mr M F T Fatah, Mr H Nishikawa, Mr M S Dover and Mr A J Summerwill jointly own the majority of the share capital in Cosmetic Surgery Partnership Limited.
Mr M Evans is also a part shareholder in Cosmetic Surgery Partnership Limited and a consultant in The Westbourne Centre, Birmingham Limited.
Cosmetic Surgery Partnership own 60% of the ordinary share capital in The Westbourne Centre, Birmingham Limited.
During the year Cosmetic Surgery Partnership Limited provided management support to the company to the value of £12,000 (2023: £nil).
At the balance sheet date the company owed £161,000 (2023: £551,000) to Cosmetic Surgery Partnership Limited.
Mr H Nishikawa
During the year Mr H Nishikawa charged consultancy fees to the company totalling £175,995 (2023: £212,891). At the balance sheet date £13,690 (2023: 10,894) was due to Mr H Nishikawa in relation to consultancy services provided.
Mr M F T Fatah
During the year Mr M F T Fatah charged consultancy fees to the company totalling £114,727 (2023: 155,456) at the balance sheet date £6,343 (2023: £4,419) was due to Mr M F T Fatah in relation to consultancy services provided.
Mr M S Dover
During the year Mr M S Dover charged consultancy fees to the company totalling £258,358 (2023: £285,969). At the balance sheet date £13,087 (2023: £20,311) was due to Mr M S Dover in relation to consultancy services provided.
Mr A J Summerwill
During the year Mr A J Summerwill charged consultancy fees to the company totalling £450,358 (2023: £525,224). At the balance sheet date £29,722 (2023: £61,559) was due to Mr A J Summerwill in relation to consultancy services provided.
Mr M Evans
During the year Mr M Evans charged consultancy fees to the company totalling £162,573 (2023: £170,298). At the balance sheet date £8,293 (2023: £23,673) was due to Mr M Evans in relation to consultancy services provided.
Ramsay Health Care UK Operations Limited
Ramsay Health Care UK Operations Limited own 40% of the ordinary share capital in The Westbourne Centre, Birmingham Limited.
During the year Ramsay Health Care UK Operations Limited provided management support to the company to the value of £99,600 (2023: £96,708).
At the balance sheet date both the loan of £915,334 (2023: £915,334) and management charges of £253,499 (2023: £210,266) remained outstanding.