Abbreviated Company Accounts - MAGNACARE HEALTH GROUP LIMITED

MAGNACARE HEALTH GROUP LIMITED - Company Information

09150701 MAGNACARE HEALTH GROUP LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 09150701 2015-07-01 2016-06-30 09150701 2016-06-30 09150701 2015-06-30 09150701 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 09150701 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 09150701

MAGNACARE HEALTH GROUP LIMITED

Abbreviated Accounts

30 June 2016

MAGNACARE HEALTH GROUP LIMITED Registered Number 09150701

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Current assets
Cash at bank and in hand		-	100
		-	100
Creditors: amounts falling due within one year		(291)	(391)
Net current assets (liabilities)		(291)	(291)
Total assets less current liabilities		(291)	(291)
Total net assets (liabilities)		(291)	(291)
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		(391)	(391)
Shareholders' funds		(291)	(291)

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 March 2017

And signed on their behalf by:
Prof. M Clark, Director

MAGNACARE HEALTH GROUP LIMITED Registered Number 09150701

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Other accounting policies
Financial instruments:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Related party transactions:
The company was under the control of Dr M Clark and Mr E Mehmet throughout the period. Dr M Clark and Mr E Mehmet are both Directors and between them own the entire issued share capital.
The company's other Relate Parties "(RP)", as defined by the Financial Reporting Standard 8, the nature of the relationship and the extent of the transactions with them are summarised below:

Connected
Companies
£
Amounts due to RP 291

Related Party Relationship:
Connected companies
Magnacare Equine Limited

No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

Connected companies:
A company having the same or predominantly the same shareholders and or/ Board of Directors but which is neither a Parent, Subsidiary, Fellow Subsidiary or Associated company. Any trading activities between such companies has been at arm's length.

Going concern:
As at the balance sheet date there was a shareholder's deficiency of £291 the company having made accumulated losses of £391. The company continues with the support of the Directors who will not allow any of it's creditors to suffer as a result of their decision to allow the company to continue under the circumstances.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100