Cutis Health Ltd - Filleted accounts

Registered number

08412802

Cutis Health Ltd

Unaudited Filleted Accounts

28 February 2026

Cutis Health Ltd
Registered number:		08412802
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		-			327
Investments	4		107,000			107,000
			107,000			107,327

Current assets
Cash at bank and in hand		31,445			28,860

Creditors: amounts falling due within one year	5	(11,804)			(11,804)

Net current assets			19,641			17,056

Net assets			126,641			124,383

Capital and reserves
Called up share capital			3			3
Profit and loss account			126,638			124,380

Shareholders' funds			126,641			124,383

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




KJ Baird
Director
Approved by the board on 20 July 2026

Cutis Health Ltd
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computers	over 4 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.



2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		-		-


3	Tangible fixed assets
					Computer Equipment
£
	Cost
	At 1 March 2025				2,175
	At 28 February 2026				2,175

	Depreciation
	At 1 March 2025				1,848
	Charge for the year				327
	At 28 February 2026				2,175

	Net book value
	At 28 February 2026				-
	At 28 February 2025				327


4	Investments

Other
	Annuity Contracts Value				investments
£
	Cost
	At 1 March 2025				107,000

	At 28 February 2026				107,000

	Historical cost
	At 1 March 2025				107,000
	At 28 February 2026				107,000


	The Other Investments comprise of a contract purchased from the directors as detailed in note 6 and are shown at cost.


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Directors' loan account		11,444		11,444
	Other creditors		360		360
			11,804		11,804


6	Contingent liabilities


	The Company has previously engaged in remuneration arrangements which may be considered by HM Revenue & Customs (HMRC) to fall within the scope of the disguised remuneration rules, particularly under the Finance Act 2011 and subsequent legislative changes, including the 2017 loan charge.HMRC is continuing its investigations into such arrangements, and while the Company is cooperating fully, the outcome remains uncertain. At the date of signing these accounts, no formal assessment has been issued. Consequently, no provision has been made in the financial statements. However, should HMRC determine that tax, interest, and/or penalties are payable in respect of these arrangements, the potential liability could be material.The directors are unable to quantify the exact financial impact at this stage due to the ongoing nature of the enquiry and the legal complexity surrounding disguised remuneration schemes. The Company will continue to assess its position as more information becomes available.

7	Related party transactions

	On 14 November 2017 Cutis Health Limited entered into a contract with Kenneth James Baird for £100,000. Under the terms of the contract, the company will receive annual payments commencing on 14 November 2018, the first payment of £2,997 increasing by the Retail Price Index annually for the lifetime of Kenneth James Baird.


8	Controlling party

	The Company is under the control of its Directors by virtue of their shareholdings.


9	Other information

	Cutis Health Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	22 Longmeadow
	Weaverham
	Northwich
	CW8 3JH