Total Wellbeing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04561233 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

TOTAL WELLBEING LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mrs S Ahluwalia

SECRETARY:

H Rasalingam

REGISTERED OFFICE:

25 Westbury Road

London

N12 7NY

REGISTERED NUMBER:

04561233 (England and Wales)

ACCOUNTANTS:

Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Total Wellbeing Limited for the year ended 31 October 2020 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Total Wellbeing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Total Wellbeing Limited and state those matters that we have agreed to state to the director of Total Wellbeing Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Total Wellbeing Limited and its director for our work or for this report.

It is your duty to ensure that Total Wellbeing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Total Wellbeing Limited. You consider that Total Wellbeing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Total Wellbeing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

18 June 2021

FIXED ASSETS

Tangible assets

4

2,385

3,180

Investment property

5

1,330,000

1,330,000

1,332,385

1,333,180

CURRENT ASSETS

Cash at bank

15,904

7,505

CREDITORS

Amounts falling due within one year

6

370,242

368,607

NET CURRENT LIABILITIES

(354,338

)

(361,102

)

TOTAL ASSETS LESS CURRENT LIABILITIES

978,047

972,078

CREDITORS

Amounts falling due after more than one year

7

(365,295

)

(377,376

)

PROVISIONS FOR LIABILITIES

10

(55,405

)

(55,405

)

NET ASSETS

557,347

539,297

CAPITAL AND RESERVES

Called up share capital

11

2

2

Fair value reserve

12

417,527

417,527

Retained earnings

12

139,818

121,768

SHAREHOLDERS' FUNDS

557,347

539,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 18 June 2021 and were signed by:

Mrs S Ahluwalia - Director

1.	STATUTORY INFORMATION

Total Wellbeing 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 November 2019

and 31 October 2020

16,026

DEPRECIATION

At 1 November 2019

12,846

Charge for year

795

At 31 October 2020

13,641

NET BOOK VALUE

At 31 October 2020

2,385

At 31 October 2019

3,180

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2019

and 31 October 2020

1,330,000

NET BOOK VALUE

At 31 October 2020

1,330,000

At 31 October 2019

1,330,000

Fair value at 31 October 2020 is represented by:

£

Valuation in 2019

1,330,000

In the opinion of the director the fair value of the investment properties as at 31 October 2020 reflect current market values.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/20

31/10/19

£

£

Bank loans and overdrafts (see note 8)

14,919

17,810

Tax

4,420

5,290

Other creditors

24,747

23,210

Directors' current accounts

324,716

319,177

Accrued expenses

1,440

3,120

370,242

368,607

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/20

31/10/19

£

£

Bank loans (see note 8)

365,295

377,376

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

305,618

306,137

8.

LOANS

An analysis of the maturity of loans is given below:

31/10/20

31/10/19

£

£

Amounts falling due within one year or on demand:

Bank loans

14,919

17,810

Amounts falling due between one and two years:

Bank loans - 1-2 years

14,919

17,810

Amounts falling due between two and five years:

Bank loans - 2-5 years

44,758

53,429

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

305,618

306,137

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/10/20

31/10/19

£

£

Bank loans

380,214

395,186

The Bank borrowings are secured by charges on the investment properties held by the company.

10.	PROVISIONS FOR LIABILITIES

31/10/20

31/10/19

£

£

Deferred tax

55,405

55,405

Deferred tax

£

Balance at 1 November 2019

55,405

Movement for the year

Balance at 31 October 2020

55,405

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31/10/20

31/10/19

value:

£

£

2

Share capital 1

£1

2

2

12.

RESERVES

Retained

Fair value

earnings

reserve

Totals

£

£

£

At 1 November 2019

121,768

417,527

539,295

Profit for the year

18,050

18,050

At 31 October 2020

139,818

417,527

557,345

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors amount falling due within one year is a balance of £324,716 (2019 : £319,177) due to Mrs S Ahluwalia..