DESYNCRA TINNITUS LIMITED

DESYNCRA TINNITUS LIMITED

DESYNCRA TINNITUS LIMITED - Company Information

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DESYNCRA TINNITUS LIMITED

Company Registration Number:
09085534 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

DESYNCRA TINNITUS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

DESYNCRA TINNITUS LIMITED

Balance sheet

As at 31 March 2017


Notes
2017
2016


£
£
Fixed assets
Investments: 3 12 0
Total fixed assets: 12 0
Current assets
Debtors:   76,544 6,623
Cash at bank and in hand: 131,266
Total current assets: 207,810 6,623
Creditors: amounts falling due within one year: 4 (2,676,475) (620,240)
Net current assets (liabilities): (2,468,665) (613,617)
Total assets less current liabilities: (2,468,653) (613,617)
Total net assets (liabilities): (2,468,653) (613,617)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (2,468,753) (613,717)
Shareholders funds: (2,468,653) (613,617)

The notes form part of these financial statements

DESYNCRA TINNITUS LIMITED

Balance sheet statements

For the year ending 31 March 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 January 2018
and signed on behalf of the board by:

Name: Peter Lewin
Status: Director

The notes form part of these financial statements

DESYNCRA TINNITUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

Notwithstanding the fact that the company has net liabilities, the directors have prepared the financial statements on the going concern basis as the company has received confirmation from its controlling party of his intention to continue his financial support during the coming financial year. As part of this support, the controlling party has agreed not to seek repayment of loans to the detriment of external creditors and to provide additional borrowing facilities if required.

DESYNCRA TINNITUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Employees

2017 2016
Average number of employees during the period 4 1

DESYNCRA TINNITUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

3. Fixed investments


The investment comprises the entire issued share capital of Desyncra Inc. which was acquired during the year at par for £12 in cash. Desyncra Inc. is incorporated in and carries out business in the United States of America and is engaged in non-invasive medical treatment technology for brain-related disorders.

DESYNCRA TINNITUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

4. Creditors: amounts falling due within one year note

Amounts owed to group undertakings of £2.7m are unsecured, non interest-bearing and payable on demand.