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REGISTERED NUMBER: 03621167 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

HEALTHSTREAM PROPERTIES LTD.

HEALTHSTREAM PROPERTIES LTD. (REGISTERED NUMBER: 03621167)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HEALTHSTREAM PROPERTIES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Dr A Gubay
Dr R Razavi
B R Razavi
Miss E R Razavi





SECRETARY: Dr A Gubay





REGISTERED OFFICE: 13 Trinity Square
Llandudno
North Wales
LL30 2RB





REGISTERED NUMBER: 03621167 (England and Wales)





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

HEALTHSTREAM PROPERTIES LTD. (REGISTERED NUMBER: 03621167)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 452 502
Investment property 5 3,378,126 3,378,126
3,378,578 3,378,628

CURRENT ASSETS
Debtors 6 14,300 -
Cash at bank 31,047 13,276
45,347 13,276
CREDITORS
Amounts falling due within one year 39,538 29,485
NET CURRENT ASSETS/(LIABILITIES) 5,809 (16,209 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,384,387

3,362,419

CREDITORS
Amounts falling due after more than one
year

7

(1,663,576

)

(1,661,184

)

PROVISIONS FOR LIABILITIES (94,202 ) (94,202 )
NET ASSETS 1,626,609 1,607,033

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 712,744 712,744
Retained earnings 913,863 894,287
SHAREHOLDERS' FUNDS 1,626,609 1,607,033

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

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

HEALTHSTREAM PROPERTIES LTD. (REGISTERED NUMBER: 03621167)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





Dr A Gubay - Director


HEALTHSTREAM PROPERTIES LTD. (REGISTERED NUMBER: 03621167)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Healthstream Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receivable in the period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 24,550
DEPRECIATION
At 1 September 2023 24,048
Charge for year 50
At 31 August 2024 24,098
NET BOOK VALUE
At 31 August 2024 452
At 31 August 2023 502

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 3,378,126
NET BOOK VALUE
At 31 August 2024 3,378,126
At 31 August 2023 3,378,126

HEALTHSTREAM PROPERTIES LTD. (REGISTERED NUMBER: 03621167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2007 251,827
Valuation in 2016 457,194
Valuation in 2021 89,723
Cost 2,579,382
3,378,126

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,578,168 2,578,168

Investment property was valued on an open market basis on 31 August 2021 by the directors .

The values have been reviewed and the total is still believed to be at least equal to the amount included in the accounts

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed by associates 12,500 -

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans 1,503,078 1,497,693

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,503,078 1,497,693

The Bank Loans are secured on the company's fixed assets.

HEALTHSTREAM PROPERTIES LTD. (REGISTERED NUMBER: 03621167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 712,744