Medix Health Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08939971 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

MEDIX HEALTH LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Standing

Mrs S Standing

REGISTERED OFFICE:

321 Main Street

Calverton

Nottinghamshire

NG14 6LT

REGISTERED NUMBER:

08939971 (England and Wales)

ACCOUNTANTS:

Add-itions Accountancy Solutions

321 Main Street

Calverton

Nottingham

NG14 6LT

FIXED ASSETS

Investments

3

2,670,000

2,670,000

CREDITORS

Amounts falling due within one year

872,258

777,987

NET CURRENT LIABILITIES

(872,258

)

(777,987

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,797,742

1,892,013

CREDITORS

Amounts falling due after more than one year

4

1,797,642

1,891,913

NET ASSETS

100

100

CAPITAL AND RESERVES

Called up share capital

100

100

SHAREHOLDERS' FUNDS

100

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 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 Board of Directors on 5 February 2018 and were signed on its behalf by:

C Standing - Director

1.	STATUTORY INFORMATION

Medix Health 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.

Preparation of consolidated financial statements

The financial statements contain information about Medix Health Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents the fee for management charges.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

3.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 October 2016

and 30 September 2017

2,670,000

NET BOOK VALUE

At 30 September 2017

2,670,000

At 30 September 2016

2,670,000

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.9.17

30.9.16

£

£

Repayable by instalments

Bank loans more 5 yr by instal

1,461,745

1,568,717

5.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.17

30.9.16

£

£

Bank overdraft

-

132,281

Bank loans

1,887,579

1,977,710

1,887,579

2,109,991

National Westminster Bank hold a fixed and floating charge over the assets of both Medix Health Limited and

Ashfields Care Limited.

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £90,000 were paid to the directors .

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr CW Standing and Mrs SE Standing.