Hilary Newman Clinics Co Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05350441 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 August 2018

for

Hilary Newman Clinics Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs H A Newman

REGISTERED OFFICE:

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

REGISTERED NUMBER:

05350441 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Investment property

3

250,000

165,945

CURRENT ASSETS

Cash at bank

10,478

8,521

CREDITORS

Amounts falling due within one year

4

100,453

91,885

NET CURRENT LIABILITIES

(89,975

)

(83,364

)

TOTAL ASSETS LESS CURRENT LIABILITIES

160,025

82,581

CREDITORS

Amounts falling due after more than one year

5

(55,240

)

(70,240

)

PROVISIONS FOR LIABILITIES

(15,970

)

-

NET ASSETS

88,815

12,341

CAPITAL AND RESERVES

Called up share capital

6

201

201

Fair value reserve

7

68,085

-

Retained earnings

20,529

12,140

SHAREHOLDERS' FUNDS

88,815

12,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 31 March 2019 and were signed by:

Mrs H A Newman - Director

1.	STATUTORY INFORMATION

Hilary Newman Clinics Co Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments'

and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial

instruments.

Financial instruments are recognised in the company's statement of financial position when the

company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial

statements, when there is a legally enforceable right to set off the recognised amounts and

there is an intention to settle on a net basis or to realise the asset and settle the liability

simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances,

are 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.

Basic financial liabilities

Basic financial liabilities, including other payables, bank loans, loans from related companies

that are classified as debt, are 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. Debt instruments are

subsequently carried at amortised cost, using the effective interest rate method.

Accounts payable are classified as current liabilities if payment is due within one year or less.

If not, they are presented as non-current liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company's obligations are

discharged, cancelled, or they expire.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct

issue costs. Dividends payable on equity instruments are recognised as liabilities once they are

no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

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.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2017

165,945

Fair Value adjustment

84,055

At 31 August 2018

250,000

NET BOOK VALUE

At 31 August 2018

250,000

At 31 August 2017

165,945

Fair value at 31 August 2018 is represented by:

£

Valuation in 2018

84,055

Cost

165,945

250,000

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

cost:

31.8.18

31.8.17

£

£

Cost

165,945

-

The investment property was valued on the open market basis on 31 August 2018 by the director Hilary Newman.

.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Tax

1,968

2,274

Other creditors

85,978

80,704

Directors' current accounts

12,507

8,907

100,453

91,885

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans - 1-2 years

55,240

70,240

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

200

Ordinary A

£1

200

200

1

Ordinary B

£1

1

1

201

201

7.

RESERVES

Fair

value

reserve

£

Fair Value Adjustment

84,055

Deferred Tax

(15,970

)

At 31 August 2018

68,085