BALANCE_STREET_HEALTH_LIM - Accounts

BALANCE STREET HEALTH LTD. - Company Information

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Company Registration No. 3866963 (England and Wales)

BALANCE STREET HEALTH LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

BALANCE STREET HEALTH LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BALANCE STREET HEALTH LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,636,903

2,748,121

Current assets

Debtors

422,800

481,535

Cash at bank and in hand

223,337

122,546

646,137

604,081

Creditors: amounts falling due within one year

(154,437)

(154,181)

Net current assets

491,700

449,900

Total assets less current liabilities

3,128,603

3,198,021

Creditors: amounts falling due after more than one year

(1,174,773)

Provisions for liabilities

(238,307)

(237,898)

1,715,523

1,785,350

Capital and reserves

Called up share capital

Revaluation reserve

1,446,707

Profit and loss account

268,810

338,638

Shareholders' funds

1,715,523

1,785,350

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 December 2015

Dr R C Burton

Director

Company Registration No. 3866963

BALANCE STREET HEALTH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

No depreciation charged

Plant and machinery

15 % reducing balance

Freehold land and buildings are maintained to such a standard that their estimated residual value is not less than their costs and as such no depreciation charged.

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2014

2,758,280

Disposals

(110,000)

At 31 March 2015

2,648,280

Depreciation

At 1 April 2014

10,159

Charge for the year

1,218

At 31 March 2015

11,377

Net book value

At 31 March 2015

2,636,903

At 31 March 2014

2,748,121

BALANCE STREET HEALTH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total not repayable by instalments and due in more than five years

1,174,773

The loan is secured by way of a first legal charge over the freehold land and buildings.

Share capital

2015

2014

Allotted, called up and fully paid

600 Ordinary shares of 1p each