COSMESURGE LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04737976 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

COSMESURGE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W Achi

Mr O Khaled

SECRETARY:

Ms L A O'Connor

REGISTERED OFFICE:

51 Harley Street

London

England

W1G 8QQ

REGISTERED NUMBER:

04737976 (England and Wales)

ACCOUNTANTS:

Brayan and Spencer Associates Ltd

25 Leeming Road

Borehamwood

Hertfordshire

WD6 4EB

FIXED ASSETS

Tangible assets

4

5,221,550

5,355,156

CURRENT ASSETS

Stocks

-

98,189

Debtors

97,231

232,600

Cash at bank and in hand

11,292

57,868

108,523

388,657

CREDITORS

Amounts falling due within one year

327,467

440,850

NET CURRENT LIABILITIES

(218,944

)

(52,193

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,002,606

5,302,963

CREDITORS

Amounts falling due after more than one year

7,581,259

7,422,925

NET LIABILITIES

(2,578,653

)

(2,119,962

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

6

(2,578,753

)

(2,120,062

)

SHAREHOLDERS' FUNDS

(2,578,653

)

(2,119,962

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 Balance Sheet for the year ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2021 and were signed on its behalf by:

Mr W Achi - Director

1.	STATUTORY INFORMATION

COSMESURGE LTD 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Going concern

The Company incurred a loss of £458,691 during the year ended 31 Dec 2020 and as of that date had net liabilities of £2,578,653 .

However ,the directors are of the opinion that the entity will be able to generate revenues and become financially stable,till that time related parties will continue to support the company.

Accordingly ,the unaudited financial statements are prepared on a going concern basis.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows :

Assets Class Depreciation method and rate

Long leasehold land and buildings Long leasehold land and buildings are not

depreciated.Leasehold improvements are

depreciated over 12 years on straight line basis.

Other Fixtures & fittings,plant & equipment 25% written down value

and computer equipment

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits ,and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2019 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2020

5,996,485

Disposals

(25,438

)

At 31 December 2020

5,971,047

DEPRECIATION

At 1 January 2020

641,329

Charge for year

108,168

At 31 December 2020

749,497

NET BOOK VALUE

At 31 December 2020

5,221,550

At 31 December 2019

5,355,156

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

100

Ordinary shares

1

100

100

6.

RESERVES

Retained

earnings

£

At 1 January 2020

(2,120,062

)

Deficit for the year

(458,691

)

At 31 December 2020

(2,578,753

)

7.	RELATED PARTY DISCLOSURES

Related Party is Emirates Hospitals Group, a company under common control and registered in United Arab Emirates.During the year ended 31st Dec 2019 the total outstanding balance is £7,581,259 approximately. No interest is payable on balance outstanding.

8.	SHARE CAPITAL

Ordinary shares are classified as equity .Equity instruments are measured at the fair value of the cash or other resources received or receivable ,net of the direct costs of issuing the equity instruments .