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REGISTERED NUMBER:
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WELLNESS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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REGISTERED NUMBER:
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WELLNESS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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WELLNESS LIMITED (REGISTERED NUMBER: 05184753) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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WELLNESS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Director: |
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Registered office: |
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Registered number: |
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WELLNESS LIMITED (REGISTERED NUMBER: 05184753) |
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STATEMENT OF FINANCIAL POSITION |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
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Investments | 6 |
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Current assets |
Debtors | 7 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
9 |
( |
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( |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves |
Called up share capital |
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Retained earnings |
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Shareholders' funds |
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The director acknowledges his 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. |
WELLNESS LIMITED (REGISTERED NUMBER: 05184753) |
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STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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WELLNESS LIMITED (REGISTERED NUMBER: 05184753) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | Statutory information |
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Wellness Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | Statement of compliance |
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3. | Accounting policies |
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Basis of preparing the financial statements |
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First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 31 March 2017 are the first that are prepared in |
accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance |
with UK GAAP, the date of transition to FRS 102 Section 1A is 1 April 2015. |
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As a consequence of adopting FRS 102 - Section 1A, a small number of accounting policies have |
changed to comply with those standards, |
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As a result of the adoption of FRS 102 - Section 1A, there have been no transitional or prior year |
adjustments required to the financial statements. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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WELLNESS LIMITED (REGISTERED NUMBER: 05184753) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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3. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position date. |
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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. |
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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. |
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4. | Employees and directors |
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The average number of employees during the year was
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5. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 April 2016 |
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Additions |
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At 31 March 2017 |
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Depreciation |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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Net book value |
At 31 March 2017 |
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At 31 March 2016 |
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6. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 April 2016 |
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Impairments | ( |
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At 31 March 2017 |
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Net book value |
At 31 March 2017 |
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At 31 March 2016 |
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WELLNESS LIMITED (REGISTERED NUMBER: 05184753) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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6. | Fixed asset investments - continued |
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The company's investments at the Statement of Financial Position date in the share capital of |
companies include the following: |
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Registered office: 78 Montgomery Street, Edinburgh, EH7 5JA |
Nature of business:
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Class of shares: | holding |
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£ | £ |
Aggregate capital and reserves |
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Following a review of the company's shareholding in Osteomed Limited, carried out during the 2016/17 |
financial year, the director concluded that its value had been impaired since the shares were |
purchased, and that its realistic economic value now stood at £2. |
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The company has remained dormant since 1 May 2007 |
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7. | Debtors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Trade debtors |
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8. | Creditors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Trade creditors |
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Corporation Tax |
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Accruals and deferred income |
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9. | Creditors: amounts falling due after more than one year |
2017 | 2016 |
£ | £ |
Bank loan | 5,817 | 11,193 |
Other creditors |
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10. | Ultimate controlling party |
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The ultimate controlling party is Mr B R Osborn-Smith by virtue of his shareholding. |