MediPro Financial Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08957914 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2021

for

MediPro Financial Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A J Mackie

REGISTERED OFFICE:

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

REGISTERED NUMBER:

08957914 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

4

2,328

2,297

CURRENT ASSETS

Debtors

5

2,700

3,000

Investments

6

18,845

18,845

Cash at bank

21,218

29,911

42,763

51,756

CREDITORS

Amounts falling due within one year

7

12,424

22,405

NET CURRENT ASSETS

30,339

29,351

TOTAL ASSETS LESS CURRENT LIABILITIES

32,667

31,648

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

32,567

31,548

SHAREHOLDERS' FUNDS

32,667

31,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 13 May 2022 and were signed by:

Mr A J Mackie - Director

1.	STATUTORY INFORMATION

MediPro Financial Services 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.

Going Concern

Covid-19

The Covid 19 pandemic continued throughout the accounting period.

The accounts have been prepared on a going concern basis as there are no indicators of financial impact in relation to COVID-19 and the directors anticipate the company continuing to trade for the foreseeable future and will continue to monitor the situation.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents fees or commission earned. The company recognises the income at the point at which the policy or investment is placed on risk or invested.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33.33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Current asset investments

Artwork

Artwork acquired for capital appreciation purposes are recognised as current asset investments and initially recognised at cost including any transaction costs. Subsequently the asset is measured at fair value with any gains or losses arising going to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2021

2,240

1,419

3,659

Additions

-

928

928

At 31 December 2021

2,240

2,347

4,587

DEPRECIATION

At 1 January 2021

326

1,036

1,362

Charge for year

448

449

897

At 31 December 2021

774

1,485

2,259

NET BOOK VALUE

At 31 December 2021

1,466

862

2,328

At 31 December 2020

1,914

383

2,297

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

2,700

3,000

6.	CURRENT ASSET INVESTMENTS

31.12.21

31.12.20

£

£

Artwork

18,845

18,845

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

(1

)

-

Amounts owed to group undertakings

3,816

2,272

Amounts owed to associates

-

8,399

Tax

674

4,692

Other creditors

7,935

7,042

12,424

22,405

8.	RELATED PARTY DISCLOSURES

During the year the company received interest free loans from associated companies. The companies are associated by the virtue of having a common director.

The closing balances reflected in creditors at the year end were £3816

The loans are repayable upon demand.