Practice Centre Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06898569 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Practice Centre Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Dr C Farthing

Ms T Harley

REGISTERED OFFICE:

119 The Hub

300 Kensal Road

London

W10 5BE

REGISTERED NUMBER:

06898569 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

FIXED ASSETS

Investments

4

2,200,041

1,200,021

CURRENT ASSETS

Debtors

45,096

736,086

Cash at bank and in hand

950,390

382,846

995,486

1,118,932

CREDITORS

Amounts falling due within one year

873,525

888,227

NET CURRENT ASSETS

121,961

230,705

TOTAL ASSETS LESS CURRENT LIABILITIES

2,322,002

1,430,726

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,322,000

1,430,724

SHAREHOLDERS' FUNDS

2,322,002

1,430,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 May 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 28 February 2020 and were signed on its behalf by:

Dr C Farthing - Director

1.	STATUTORY INFORMATION

Practice Centre 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 June 2018

1,200,021

Additions

1,000,020

At 31 May 2019

2,200,041

NET BOOK VALUE

At 31 May 2019

2,200,041

At 31 May 2018

1,200,021

5.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £45,096 (2018: £736,086) from The Wellness Practice

Limited (a wholly owned subsidiary).