Aunger Wareham Health Professionals Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Aunger Wareham Health Professionals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05637317 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.

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. Going Concern Disclosure

The directors, having considered the company forecasts and projections and after making suitable enquiries have a reasonable expectation that the company has adequate resources to continue in operational existance for the forerseeable future. Accordingly the financial statements have been prepared on a going concern basis. Notably this expectation has been based on the assumption that the directors will continue to support the company and that the company will trade out of the deficit position indicated by the Balance Sheet.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. 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:

Fixtures & Fittings	25% Reducing Balance
Computer Equipment	33% Straight Line

2.5. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Aunger Wareham Health Professionals Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company contributes to a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Research and Development

Expenditure on research and development is written off in the year it is incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 3)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 December 2023	14,884	810	15,694
Additions	1,146	-	1,146

As at 30 November 2024	16,030	810	16,840

Depreciation
As at 1 December 2023	13,135	396	13,531
Provided during the period	565	270	835

As at 30 November 2024	13,700	666	14,366

Net Book Value
As at 30 November 2024	2,330	144	2,474

As at 1 December 2023	1,749	414	2,163

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	26,051	36,764
Other debtors	-	5,609

	26,051	42,373

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Aunger Wareham Health Professionals Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	8,319	1,423
Bank loans and overdrafts	27,023	18,752
Other loans	23,000	-
Other taxes and social security	12,490	13,367
Other creditors	12,730	9,596
Accruals and deferred income	3,774	5,400
Directors' loan accounts	16,364	15,864
Payments on account	1,798	1,630

	105,498	66,032

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

	2024	2023
	£	£
Bank loans	32,756	40,281
Other loans	109,000	107,000
Accruals and deferred income	10,698	5,011
Directors loan account	40,860	62,491

	193,314	214,783

Other loans represent Convertible Loan Notes which are issued for an initial two year, accrue interest at 5% per annum and are convertible to equity at the option of the company.

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2024		2023
	£		£
Bank loans	-		8,735

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
26,588 Ordinary Shares of £ 0.010 each	266	103

Preference Shares

	2024	2023
Allotted, called up and fully paid	£	£
1 Preference A shares of £ 1.000 each	1	1
1 Preference B shares of £ 1.000 each	1	1
1 Preference C shares of £ 1.000 each	1	1

	3	3


Shares issued during the period:	£
16,329 Ordinary Shares of £ 0.010 each	163

The Preference Shares carry rights to dividends at the discreton of the directors, contain no voting rights and no rights to capital.

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Aunger Wareham Health Professionals Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	1,588	1,728
Later than one year and not later than five years	-	1,588

	1,588	3,316

10. Pension Commitments

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £641 (2023 £202) were due to the fund. They are included in Other Creditors.

11. Related Party Transactions

The directors

Directors and significant shareholders

The directors have provided funds to the company on an interest free, unsecured basis. The balance owed to the directors at the year end amounted to £57,223 of which £40,860 is due after more than one year (2023: £78,355). The directors have also provided personal guarantees over the company's bank overdraft facility.

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,474		2,163

			2,474		2,163
CURRENT ASSETS
Debtors	5	26,051		42,373
Cash at bank and in hand		2,230		1,096

		28,281		43,469
Creditors: Amounts Falling Due Within One Year	6	(105,498 )		(66,032 )

NET CURRENT ASSETS (LIABILITIES)			(77,217 )		(22,563 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(74,743 )		(20,400 )

Creditors: Amounts Falling Due After More Than One Year	7		(193,314 )		(214,783 )

NET LIABILITIES			(268,057 )		(235,183 )

CAPITAL AND RESERVES
Called up share capital	8		269		106
Share premium account			49,987		-
Profit and Loss Account			(318,313 )		(235,289 )

SHAREHOLDERS' FUNDS			(268,057)		(235,183)