Digital Home Visits Technologies Ltd. - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10385253 (England and Wales)

Unaudited Financial Statements

for the Period

20th September 2016 to 31st March 2017

for

Digital Home Visits Technologies Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M N M F Jabir

D A C Perks

SECRETARY:

M N M F Jabir

REGISTERED OFFICE:

8 Greencoat Place

London

SW1P 1PL

REGISTERED NUMBER:

10385253 (England and Wales)

ACCOUNTANTS:

Spencer Hyde Limited

272 Regents Park Road

London

N3 3HN

FIXED ASSETS

Intangible assets

3

8,480

Tangible assets

4

7,433

15,913

CURRENT ASSETS

Debtors

5

82,727

CREDITORS

Amounts falling due within one year

6

655,247

NET CURRENT LIABILITIES

(572,520

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(556,607

)

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

(557,607

)

SHAREHOLDERS' FUNDS

(556,607

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2017 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 8th January 2018 and were signed on its behalf by:

D A C Perks - Director

1.	STATUTORY INFORMATION

Digital Home Visits Technologies 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 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Going concern

The financial statements are prepared on a going concern basis on the grounds that continued financial support

will be made available by the shareholders.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

10,600

At 31st March 2017

10,600

AMORTISATION

Charge for period

2,120

At 31st March 2017

2,120

NET BOOK VALUE

At 31st March 2017

8,480

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

11,224

At 31st March 2017

11,224

DEPRECIATION

Charge for period

3,791

At 31st March 2017

3,791

NET BOOK VALUE

At 31st March 2017

7,433

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

82,727

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

199,130

Amounts owed to group undertakings

449,867

Other creditors

6,250

655,247

7.	RELATED PARTY DISCLOSURES

Creditors include loans from the holding company, Digital Home Visits Limited ,in the amount of £449,867. The

loans are free of interest and repayable on demand.