Real Health (NL) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05913403

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Real Health (NL) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

12,151

4,315

CURRENT ASSETS

Debtors

5

174,643

164,710

Cash at bank and in hand

567,868

421,914

742,511

586,624

CREDITORS

Amounts falling due within one year

6

192,113

105,596

NET CURRENT ASSETS

550,398

481,028

TOTAL ASSETS LESS CURRENT LIABILITIES

562,549

485,343

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

562,349

485,143

SHAREHOLDERS' FUNDS

562,549

485,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 September 2018 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 NIL (2016 - 17 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

57,670

Additions

17,624

At 31 December 2017

75,294

DEPRECIATION

At 1 January 2017

53,355

Charge for year

9,788

At 31 December 2017

63,143

NET BOOK VALUE

At 31 December 2017

12,151

At 31 December 2016

4,315

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

39

305

Amounts owed by group undertakings

136,649

132,017

Other debtors

37,955

32,388

174,643

164,710

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

93,720

12,349

Taxation and social security

25,169

21,134

Other creditors

73,224

72,113

192,113

105,596

7.	RELATED PARTY DISCLOSURES

Included in debtors is £136,649 (2016: £132,017) owed by Real Health (UK) Limited, the ultimate parent

company. During the year, the company paid Real Health (UK) Limited management charges of £20,884 (2016:

£63,429). 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 £76,759 (2016: £74,157) to 180 Solutions Limited, a

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