Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3112022-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity1falsetrue 10603270 2022-01-01 2022-12-31 10603270 2021-01-01 2021-12-31 10603270 2022-12-31 10603270 2021-12-31 10603270 c:Director1 2022-01-01 2022-12-31 10603270 d:CurrentFinancialInstruments 2022-12-31 10603270 d:CurrentFinancialInstruments 2021-12-31 10603270 d:Non-currentFinancialInstruments 2022-12-31 10603270 d:Non-currentFinancialInstruments 2021-12-31 10603270 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10603270 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10603270 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10603270 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 10603270 d:ShareCapital 2022-12-31 10603270 d:ShareCapital 2021-12-31 10603270 d:RetainedEarningsAccumulatedLosses 2022-12-31 10603270 d:RetainedEarningsAccumulatedLosses 2021-12-31 10603270 c:OrdinaryShareClass1 2022-01-01 2022-12-31 10603270 c:OrdinaryShareClass1 2022-12-31 10603270 c:OrdinaryShareClass1 2021-12-31 10603270 c:FRS102 2022-01-01 2022-12-31 10603270 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10603270 c:FullAccounts 2022-01-01 2022-12-31 10603270 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10603270














SOLMED LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED  31 DECEMBER 2022

 
SOLMED LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
SOLMED LTD
REGISTERED NUMBER:10603270

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
11,478
15,953

  
11,478
15,953

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(4,974)
(11,555)

Net current assets
  
 
 
6,504
 
 
4,398

Creditors: amounts falling due after more than one year
 6 
(221,704)
(218,164)

  

Net liabilities
  
(215,200)
(213,766)


Capital and reserves
  

Called up share capital 
 7 
103
103

Profit and loss account
  
(215,303)
(213,869)

  
(215,200)
(213,766)

Page 1

 
SOLMED LTD
REGISTERED NUMBER:10603270
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2023.




Micheline Teboul
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SOLMED LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Solmed Limited is a limited liability company registered in England and Wales. Its registered office address is at 3rd Floor 20-22 Berkeley Square, London, W1J 6EQ.
The principal activity of the Company during the year was that of an impact project Company in various sectors including healthcare and agricultural.  The Company is currently in it's early stages.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company made a loss for the year and the balance sheet date has net liabilities. The Director have obtained assurance from the Shareholders that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under the going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 
SOLMED LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Debtors

2022
2021
£
£


Other debtors
11,478
15,953

11,478
15,953



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
2,310
-

Other creditors
-
4,475

Accruals and deferred income
2,664
7,080

4,974
11,555


Page 4

 
SOLMED LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
221,704
218,164



7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



103 (2021 - 103) Ordinary shares of £1 each
103
103


 
Page 5