Company No:
Contents
Note | 31.03.2023 | |
£ | ||
Fixed assets | ||
Investments | 3 |
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1,219,816 | ||
Current assets | ||
Debtors | 4 |
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Cash at bank and in hand |
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736,541 | ||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (28,274) | |
Total assets less current liabilities | 1,191,542 | |
Creditors: amounts falling due after more than one year | 6 | (
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Net liabilities | (
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Capital and reserves | ||
Called-up share capital | 7 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Crownwood Healthcare (TopCo) Limited (registered number:
Mitesh Kunvarji
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Crownwood Healthcare (TopCo) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Century House, Nicholson Road, Torquay, TQ2 7TD, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 03.11.2021 to 31.03.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Investments in subsidiaries
31.03.2023 | |
£ | |
Cost | |
At 03 November 2021 | 0 |
Disposals |
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At 31 March 2023 |
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Carrying value at 31 March 2023 |
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31.03.2023 | |
£ | |
Amounts owed by own subsidiaries |
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Amounts owed by directors |
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31.03.2023 | |
£ | |
Bank loans (secured) |
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Amounts owed to connected companies |
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Accruals |
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Other taxation and social security |
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Other creditors |
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4 director shareholders have provided joint and several personal guarantees in respect of the obligations of the Company to the lender (limited to £245,000).
A deed of subordination has been arranged in respect of any inter-company loans and/or shareholder loans held with the Company and the above-mentioned companies.
31.03.2023 | |
£ | |
Bank loans (secured) |
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4 director shareholders have given joint and several personal guarantees in respect of the obligations of the Company to the lender (limited to £245,000).
A deed of subordination has been arranged in respect of any inter-company loans and/or shareholder loans held with the Company and the above-mentioned companies.
31.03.2023 | |
£ | |
Allotted, called-up and fully-paid | |
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200 |
Pensions
The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.
31.03.2023 | |
£ | |
Unpaid contributions due to the fund (inc. in other creditors) |
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Transactions with entities in which the entity itself has a participating interest
As a parent company of wholly owned subsidiary undertakings, the company has taken advantage of the exemption in paragraph 1AC.35 of FRS102 in not disclosing intra group transactions where 100% of the voting rights are controlled within the group.
Transactions with the entity's directors
31.03.2023 | |
£ | |
Balance owed by directors | 100 |
Other related party transactions
31.03.2023 | |
£ | |
Balance owed to company under common control | 181,386 |