Maylands_Healthcare_Limit - Accounts
Maylands_Healthcare_Limit - Accounts
Unaudited Abbreviated Accounts
For the year ended 30 September 2016
Company Registration No. 07579931 (England and Wales)
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
Abbreviated Balance Sheet
As at 30 September 2016
Page 1
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(52,433 )
(70,129 )
Net current liabilities
(27,129 )
(36,692 )
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Approved by the Board for issue on 30 June 2017
Director
Company Registration No. 07579931
Notes to the Abbreviated Accounts
For the year ended 30 September 2016
Page 2
1
Accounting policies
1.1
Accounting convention
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
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Shares and capital loan in group undertakings and participating interests
£
Cost
At 1 October 2015
198,150
Repayment of capital loan
(37,500)
At 30 September 2016
160,650
Net book value
At 30 September 2016
160,650
At 30 September 2015
198,150
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Participating interests
Ordinary
Notes to the Abbreviated Accounts (Continued)
For the year ended 30 September 2016
2
Fixed assets
(Continued)
Page 3
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
30 April 2016
30 April 2016
Principal activity
£
£
31,603
56,364
The investment in Maylands Enterprises Limited includes £150 (2015: £150) ordinary shares and £160,500 (2015: £198,000) capital loan.
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary A shares of £1 each
10
10
10 Ordinary B shares of £1 each
10
10
10 Ordinary C shares of £1 each
10
10
10 Ordinary D shares of £1 each
10
10
10 Ordinary E shares of £1 each
10
10
10 Ordinary F shares of £1 each
10
10
All ordinary shares have attached to them full voting, dividend and capital distribution rights (including on winding up), and do not confer any rights of redemption. The shares rank pari passu in all respects save that dividends may be declared at different rates on the different share classes.
4
Transactions with directors
Included in other debtors at the year end is an amount of £21,235 (2015: £11,643) due from Maylands Healthcare Medical Practice of which some of the directors are partners.
Included in other creditors are amounts due to/(from) the directors as follows:
Dr S Brandman £7,675 (2015: £10,800)
Dr H Carruthers £23,688 (2015: £30,000)
Dr S Jothimurugan £78 (2015: £78)
Dr S Shridhar £17,000 (2015: £17,000)
During the year dividends were paid to the directors as follows:
Dr S Jothimurugan £18,909 (2015: £nil)
Dr A Aggarwal £4,532 (2015: £25,000)
Dr N Rao £5,974 (2015: £9,000)
Notes to the Abbreviated Accounts (Continued)
For the year ended 30 September 2016
Page 4
5
Control
The directors do not consider there to be an individual controlling party.