ACCOUNTS - Final Accounts

CITY HEALTH CLINIC EDINBURGH LIMITED - Company Information

	CITY HEALTH CLINIC EDINBURGH LIMITED
	Company registration number SC185407
	ABRIDGED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2018


CITY HEALTH CLINIC EDINBURGH LIMITED

CONTENTS

	Page
Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 - 5


CITY HEALTH CLINIC EDINBURGH LIMITED

COMPANY INFORMATION

Directors	John Waddell
	Walter Nimmo
	Colin McGill


Company secretary	DM Company Services Limited


Registered number	SC185407


Registered office	16 Charlotte Square
	Edinburgh
	EH2 4DF


Accountants	Scott-Moncrieff
	Exchange Place 3
	Semple Street
	Edinburgh
	EH3 8BL


CITY HEALTH CLINIC EDINBURGH LIMITED REGISTERED NUMBER:SC185407

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2018

		2018		2017
		£		£


Current assets
Debtors	465,235		381,721
	465,235		381,721
Creditors: amounts falling due within one year	(109,299)		(82,435)
Net current assets		355,936		299,286
Total assets less current liabilities		355,936		299,286
Net assets		355,936		299,286

Capital and reserves
Called up share capital	100	100
Profit and loss account	355,836	299,186
	355,936	299,286

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of Section 1A 'Small Entities' of Financial Reporting Standard 102 .

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

As permitted by Section 444 of the Companies Act 2006, the directors have not delivered to the Registrar a copy of the company’s Statement of Income and Retained Earnings for the year ended 31 December 2018.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Colin McGill

Director

Date: 30 August 2019

The notes on pages 3 to 5 form part of these financial statements.


CITY HEALTH CLINIC EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

1.	General information

These financial statements are presented in Pounds Sterling (GBP) as that is the currency in which the company's transactions are denominated. They comprise the financial statements of the company drawn up for the year ended 31 December 2018.
The continuing activities of the company is the provision of healthcare services.
The company is a private company limited by shares and is incorporated in the United Kingdom and registered in Scotland. Details of the registered office can be found on the company information page of these financial statements. The company's registration number is SC185407.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with applicable law and United Kingdom Accounting Standards including Section 1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Practice applicable to Small Entities).
The preparation of financial statements in compliance with Section 1A 'Small Entities' of FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company accounting policies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have considered a period of at least twelve months from the date on which these financial statements have been signed and having considered all relevant information available to them, believe it appropriate to prepare the financial statements on a going concern basis.


CITY HEALTH CLINIC EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

2.Accounting policies (continued)

2.3

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.6

Creditors

Short term creditors are measured at the transaction price.

2.7

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 4 (2017 - 4).


CITY HEALTH CLINIC EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

Related party transactions

During the year City Health Clinic Limited, the parent company, charged rent of £100,000 (2017: £100,000).
Included within debtors is £376,065 (2017: £332,692) due from City Health Clinic Limited, the parent company.
Included in creditors is a loan from the shareholders of City Health Clinic Group Limited, the group parent, of £50,000 (2017: £50,000). This loan is interest free and is payable in demand.

5.	Controlling party

The ultimate parent company is City Health Clinic Group Limited, a company incorporated in Scotland which has the same registered office address disclosed on the information page.