Digital Home Visits Technologies Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10385253 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Digital Home Visits Technologies Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A Mistry

REGISTERED OFFICE:

8th Floor

9 Appold Street

London

EC2A 2AP

REGISTERED NUMBER:

10385253 (England and Wales)

FIXED ASSETS

5,900

Intangible assets

5

3,320

16,842

Tangible assets

6

10,589

22,742

13,909

CURRENT ASSETS

211,301

Debtors

7

300,625

3,251

Cash at bank

15,615

214,552

316,240

CREDITORS

1,525,772

Amounts falling due within one year

8

2,355,173

(1,311,220

)

NET CURRENT LIABILITIES

(2,038,933

)

(1,288,478

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,025,024

)

3,200

PROVISIONS FOR LIABILITIES

2,012

(1,291,678

)

NET LIABILITIES

(2,027,036

)

CAPITAL AND RESERVES

1,000

Called up share capital

1,000

(1,292,678

)

Retained earnings

(2,028,036

)

(1,291,678

)

SHAREHOLDERS' FUNDS

(2,027,036

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 27 June 2019 and were signed by:

A Mistry - Director

1.	STATUTORY INFORMATION

Digital Home Visits Technologies Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The director has made no key judgements or estimations in preparing these financial

statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

Patents & Licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment

-

25% on reducing balance

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 statement of financial position date.

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.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

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.

Going concern

The financial statements are prepared on a going concern basis on the grounds that

continued financial support will be made available by the shareholders.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2018 - 15 ) .

5.	INTANGIBLE FIXED ASSETS

Patents &

Licences

£

COST

At 1 April 2018

and 31 March 2019

10,600

AMORTISATION

At 1 April 2018

4,700

Amortisation for year

2,580

At 31 March 2019

7,280

NET BOOK VALUE

At 31 March 2019

3,320

At 31 March 2018

5,900

6.	TANGIBLE FIXED ASSETS

Computer

Equipment

£

COST

At 1 April 2018

27,089

Additions

2,787

At 31 March 2019

29,876

DEPRECIATION

At 1 April 2018

10,247

Charge for year

9,040

At 31 March 2019

19,287

NET BOOK VALUE

At 31 March 2019

10,589

At 31 March 2018

16,842

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

300,625

211,301

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

53,151

164,729

Amounts owed to group undertakings

2,268,020

1,318,564

Taxation and social security

13,481

19,017

Other creditors

20,521

23,462

2,355,173

1,525,772

9.	RELATED PARTY DISCLOSURES

Creditors include loan from the holding company Digital Home Visits Limited in the amount

of £2,268,020 (2018: £1,318,564). The loan is free of interest and repayable on demand.

Company's Turnover includes invoices totalling £162,428 (2018: £137,818) being issued to

the holding company Digital Home Visits Limited.

Other Debtors include accrued income of £117,005 (2018: £111,103), to be invoiced to the

holding company Digital Home Visits Limited, for legal fees paid on its behalf.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Digital Home Visits Limited.