Practice Centre Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06898569 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Practice Centre Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Ms T Harley

REGISTERED OFFICE:

119 The Hub

300 Kensal Road

London

W10 5BE

REGISTERED NUMBER:

06898569 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

FIXED ASSETS

Investments

4

1,000,001

500,001

CURRENT ASSETS

Debtors

894,861

254,700

Cash at bank and in hand

208,363

885,637

1,103,224

1,140,337

CREDITORS

Amounts falling due within one year

850,695

739,779

NET CURRENT ASSETS

252,529

400,558

TOTAL ASSETS LESS CURRENT LIABILITIES

1,252,530

900,559

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,252,528

900,557

SHAREHOLDERS' FUNDS

1,252,530

900,559

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 February 2018 and were signed by:

Ms T Harley - Director

1.	STATUTORY INFORMATION

Practice Centre Limited 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 June 2016

500,001

Additions

500,000

At 31 May 2017

1,000,001

NET BOOK VALUE

At 31 May 2017

1,000,001

At 31 May 2016

500,001

5.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £643,553 (2016: £182,707) from The Wellness Practice

Limited (a wholly owned subsidiary).

6.	ULTIMATE CONTROLLING PARTY

The company regards Ms T Harley as the ultimate controlling party.