Real Health (NL) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05913403

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Real Health (NL) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr J K O'Dowd

R G O'Dowd

SECRETARY:

REGISTERED OFFICE:

c/o Day and Co

132-134 College Road

Harrow

HA1 1BQ

REGISTERED NUMBER:

05913403

FIXED ASSETS

Tangible assets

4

4,315

7,128

CURRENT ASSETS

Debtors

5

164,710

122,727

Cash at bank and in hand

421,914

355,625

586,624

478,352

CREDITORS

Amounts falling due within one year

6

105,596

85,186

NET CURRENT ASSETS

481,028

393,166

TOTAL ASSETS LESS CURRENT LIABILITIES

485,343

400,294

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

485,143

400,094

SHAREHOLDERS' FUNDS

485,343

400,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 September 2017 and were signed on its behalf by:

R G O'Dowd - Director

1.	STATUTORY INFORMATION

Real Health (NL) Limited is a private company, limited by shares , registered in Not specified/Other.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value

Added Tax and trade discounts

Tangible fixed assets

Plant and Machinery etc - 33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate

of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the

rate ruling at the date of the transaction. All foreign exchange differences are included to the profit

and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

56,569

Additions

1,101

At 31 December 2016

57,670

DEPRECIATION

At 1 January 2016

49,441

Charge for year

3,914

At 31 December 2016

53,355

NET BOOK VALUE

At 31 December 2016

4,315

At 31 December 2015

7,128

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

305

97

Amounts owed by group undertakings

132,017

113,372

Other debtors

32,388

9,258

164,710

122,727

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

12,349

-

Taxation and social security

21,134

3,754

Other creditors

72,113

81,432

105,596

85,186

7.	RELATED PARTY DISCLOSURES

Included in debtors is £132,017 (2015: £113,372) owed by Real Health (UK) Limited, the ultimate

parent company. During the year, the company paid Real Health (UK) Limited management charges

of £63,429 (2015: £46,510). R G O'Dowd and J K O'Dowd are directors of Real Health (UK)

Limited.

During the year, the company paid consultancy fees of £74,157 (2015: £47,763) to 180 Solutions

Limited, a company in which R G O'Dowd is a director.