KOREA HEALTH INDUSTRY DEVELOPMENT INSTITUTE (KHIDI) UK LTD
Registered number: 08485060
Balance Sheet
as at 31 December 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 1,982 1,772
Current assets
Cash at bank and in hand 19,689 26,337
Creditors: amounts falling due within one year 4 - (3,215)
Net current assets 19,689 23,122
Total assets less current liabilities 21,671 24,894
Creditors: amounts falling due after more than one year 5 (961,473) (661,347)
Net liabilities (939,802) (636,453)
Capital and reserves
Called up share capital 100 100
Profit and loss account (939,902) (636,553)
Shareholder's funds (939,802) (636,453)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jae Won Lee
Director
Approved by the board on 10 November 2017
KOREA HEALTH INDUSTRY DEVELOPMENT INSTITUTE (KHIDI) UK LTD
Notes to the Accounts
for the year ended 31 December 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 25% straight line
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2016 2015
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 January 2016 3,015
Additions 1,285
At 31 December 2016 4,300
Depreciation
At 1 January 2016 1,243
Charge for the year 1,075
At 31 December 2016 2,318
Net book value
At 31 December 2016 1,982
At 31 December 2015 1,772
4 Creditors: amounts falling due within one year 2016 2015
£ £
Other creditors - 3,215
5 Creditors: amounts falling due after one year 2016 2015
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 961,473 661,347
6 Other information
KOREA HEALTH INDUSTRY DEVELOPMENT INSTITUTE (KHIDI) UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
10th Floor
88 Wood Street
London
EC2V 7RS
KOREA HEALTH INDUSTRY DEVELOPMENT INSTITUTE (KHIDI) UK LTD 08485060 false 2016-01-01 2016-12-31 2016-12-31 VT Final Accounts September 2017 Jae Won Lee No description of principal activity 08485060 2015-01-01 2015-12-31 08485060 core:WithinOneYear 2015-12-31 08485060 core:AfterOneYear 2015-12-31 08485060 core:ShareCapital 2015-12-31 08485060 core:RetainedEarningsAccumulatedLosses 2015-12-31 08485060 2016-01-01 2016-12-31 08485060 bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 08485060 bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 08485060 bus:Director40 2016-01-01 2016-12-31 08485060 core:Vehicles 2016-01-01 2016-12-31 08485060 countries:England 2016-01-01 2016-12-31 08485060 bus:FRS102 2016-01-01 2016-12-31 08485060 bus:FullAccounts 2016-01-01 2016-12-31 08485060 2016-12-31 08485060 core:WithinOneYear 2016-12-31 08485060 core:AfterOneYear 2016-12-31 08485060 core:ShareCapital 2016-12-31 08485060 core:RetainedEarningsAccumulatedLosses 2016-12-31 08485060 core:Vehicles 2016-12-31 08485060 2015-12-31 08485060 core:Vehicles 2015-12-31 iso4217:GBP xbrli:pure

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