Medincharm Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 03634624

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		880,296		880,296

			880,296		880,296
CURRENT ASSETS
Debtors	5	93,744		93,744
Cash at bank and in hand		5,186		5,186

		98,930		98,930
Creditors: Amounts Falling Due Within One Year	6	(8,360 )		(8,360 )

NET CURRENT ASSETS (LIABILITIES)			90,570		90,570

TOTAL ASSETS LESS CURRENT LIABILITIES			970,866		970,866

Creditors: Amounts Falling Due After More Than One Year	7		(85,783 )		(85,783 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,518 )		(9,518 )

NET ASSETS			875,565		875,565

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve	9		326,719		326,719
Profit and Loss Account			548,746		548,746

SHAREHOLDERS' FUNDS			875,565		875,565

Page 1

Page 2

Medincharm Limited

Balance Sheet (continued)

As At 30 October 2024

For the year ending 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Osmam Farooq

Director

31/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Medincharm Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03634624 . The registered office is Suite 2 378 Manchester Road, Oldham, OL9 7PG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Plant & Machinery	18% Straightline
Fixtures & Fittings	18% Straightline
Computer Equipment	18% Straightline

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 31 October 2023	850,000	12,829	126,011	6,164	995,004

As at 30 October 2024	850,000	12,829	126,011	6,164	995,004

Depreciation
As at 31 October 2023	-	8,017	100,527	6,164	114,708

As at 30 October 2024	-	8,017	100,527	6,164	114,708

Net Book Value
As at 30 October 2024	850,000	4,812	25,484	-	880,296

As at 31 October 2023	850,000	4,812	25,484	-	880,296

5. Debtors

	2024	2023
	£	£
Due after more than one year
Other debtors (1)	93,744	93,744

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	8,360	8,360

Page 3

Page 4

Medincharm Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 October 2024

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	32,116	32,116
Other taxes and social security	24,694	24,694
Directors loan account	28,973	28,973

	85,783	85,783

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Revaluation Reserve
	£
As at 31 October 2023	326,719

As at 30 October 2024	326,719