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REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
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PROMEDICA PLUS UK LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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PROMEDICA PLUS UK LIMITED |
PROMEDICA PLUS UK LIMITED (REGISTERED NUMBER: 09355671) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2016 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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PROMEDICA PLUS UK LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31 December 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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PROMEDICA PLUS UK LIMITED (REGISTERED NUMBER: 09355671) |
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ABRIDGED BALANCE SHEET |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS | 10 |
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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 Board of Directors on
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PROMEDICA PLUS UK LIMITED (REGISTERED NUMBER: 09355671) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Promedica Plus UK 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. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents sales of marketing and franchise intermediation services, excluding value added tax, |
performed during the year. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Taxation |
Taxation for the year comprises current 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 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 that have been enacted or |
substantively enacted by the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Totals |
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COST |
Additions |
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At 31 December 2016 |
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AMORTISATION |
Amortisation for year |
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At 31 December 2016 |
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NET BOOK VALUE |
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At 31 December 2016 |
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PROMEDICA PLUS UK LIMITED (REGISTERED NUMBER: 09355671) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 December 2016 |
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5. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2016 | 2015 |
£ | £ |
Within one year |
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Between one and five years |
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6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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7. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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8. | POST BALANCE SHEET EVENTS |
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In March 2017, Dan Archer (Management Board Member and Country Manager of the Company) resigned from |
his functions in the Company. Also in March 2017, Paula Beaney was appointed as a new Director of the |
Company and she was promoted to the function of The Quality Assurance Director. |
Aside from the changes in the Company Management Board, the Company decided to review the current |
Franchise network. As a result of the review the Company terminated the Franchise Agreements with 6 Franchise |
Partners in 2017. The Deeds of Release and Termination were signed in March and April 2017. The Company |
refunded those Franchisees with the initial fees they paid. |
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9. | ULTIMATE CONTROLLING PARTY |
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There is no single ultimate controlling party. |
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10. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
2016 | 2015 |
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Profit for the financial year |
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New share capital subscribed | - | 5,000 |
Net addition to shareholders' funds | 225,848 | 12,048 |
Opening shareholders' funds | 12,048 | - |
Closing shareholders' funds | 237,896 | 12,048 |
PROMEDICA PLUS UK LIMITED (REGISTERED NUMBER: 09355671) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 December 2016 |
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11. | TRANSITION TO FRS102 (SECTION 1A) |
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This is the first year that the company has presented its results in accordance with the provisions of Section 1A of |
Financial Reporting Standard 102. The last financial statements under previous UK GAAP were for the year |
ended 31 December 2015 and the date of transition to FRS 102 was 15 December 2014. |
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As a result of the change to New UK GAAP, we are required to prepare a reconciliation of the profit for the |
financial year ended 31 December 2016 and the total equity as at 1 January 2016 and 31 December 2016 |
between UK GAAP as previously reported and under FRS102 Section 1A, in these financial statements. |
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Presentation of the results for the comparative year in accordance with Section 1A of FRS102 has not resulted in |
any change to the results compared to those presented under previous UK GAAP. Therefore it has not been |
necessary to present a reconciliation of movements in equity in these accounts. |