Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity88truetrue 09298340 2022-08-01 2023-07-31 09298340 2021-08-01 2022-07-31 09298340 2023-07-31 09298340 2022-07-31 09298340 c:Director2 2022-08-01 2023-07-31 09298340 d:MotorVehicles 2022-08-01 2023-07-31 09298340 d:MotorVehicles 2023-07-31 09298340 d:MotorVehicles 2022-07-31 09298340 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09298340 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 09298340 d:FurnitureFittings 2022-08-01 2023-07-31 09298340 d:FurnitureFittings 2023-07-31 09298340 d:FurnitureFittings 2022-07-31 09298340 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09298340 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 09298340 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09298340 d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 09298340 d:Goodwill 2022-08-01 2023-07-31 09298340 d:Goodwill 2023-07-31 09298340 d:Goodwill 2022-07-31 09298340 d:CurrentFinancialInstruments 2023-07-31 09298340 d:CurrentFinancialInstruments 2022-07-31 09298340 d:CurrentFinancialInstruments 2 2023-07-31 09298340 d:CurrentFinancialInstruments 2 2022-07-31 09298340 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09298340 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 09298340 d:UKTax 2022-08-01 2023-07-31 09298340 d:UKTax 2021-08-01 2022-07-31 09298340 d:ShareCapital 2023-07-31 09298340 d:ShareCapital 2022-07-31 09298340 d:RetainedEarningsAccumulatedLosses 2023-07-31 09298340 d:RetainedEarningsAccumulatedLosses 2022-07-31 09298340 c:OrdinaryShareClass1 2022-08-01 2023-07-31 09298340 c:OrdinaryShareClass1 2023-07-31 09298340 c:OrdinaryShareClass1 2022-07-31 09298340 c:OrdinaryShareClass2 2022-08-01 2023-07-31 09298340 c:OrdinaryShareClass2 2023-07-31 09298340 c:OrdinaryShareClass2 2022-07-31 09298340 c:FRS102 2022-08-01 2023-07-31 09298340 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09298340 c:FullAccounts 2022-08-01 2023-07-31 09298340 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09298340 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 09298340 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 09298340 d:Goodwill d:OwnedIntangibleAssets 2022-08-01 2023-07-31 09298340 f:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09298340










TAW HILL HEALTHCARE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
TAW HILL HEALTHCARE LTD
REGISTERED NUMBER: 09298340

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 5 
163,045
244,569

Tangible assets
 6 
88,772
2,818

  
251,817
247,387

Current assets
  

Stocks
  
35,885
30,411

Debtors: amounts falling due within one year
 7 
120,441
623,998

Cash at bank and in hand
 8 
684,832
199,029

  
841,158
853,438

Creditors: amounts falling due within one year
 9 
(967,846)
(948,135)

Net current liabilities
  
 
 
(126,688)
 
 
(94,697)

Total assets less current liabilities
  
125,129
152,690

Provisions for liabilities
  

Deferred tax
 10 
(683)
(535)

  
 
 
(683)
 
 
(535)

Net assets
  
124,446
152,155


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
124,346
152,055

  
124,446
152,155


The directors consider 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 directors acknowledge their 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.
Page 1

 
TAW HILL HEALTHCARE LTD
REGISTERED NUMBER: 09298340
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs Shushu Diao
Director

Date: 10 November 2023

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Taw Hill Healthcare Ltd is a private company, limited by share capital, incorporated in England and Wales, under registration number 09298340. The address of the registered office is 37 Warren Street, London W1T 6AD.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

Page 5

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 8).


4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
3,521
42,823


3,521
42,823


Total current tax
3,521
42,823

Deferred tax


Origination and reversal of timing differences
149
(134)

Total deferred tax
149
(134)


Taxation on profit on ordinary activities
3,670
42,689

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  25% (2022 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.



Page 7

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Intangible assets




Goodwill

£



Cost


At 1 August 2022
815,235



At 31 July 2023

815,235



Amortisation


At 1 August 2022
570,666


Charge for the year on owned assets
81,524



At 31 July 2023

652,190



Net book value



At 31 July 2023
163,045



At 31 July 2022
244,569



Page 8

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2022
-
7,999
7,999


Additions
107,547
598
108,145



At 31 July 2023

107,547
8,597
116,144



Depreciation


At 1 August 2022
-
5,180
5,180


Charge for the year on owned assets
21,509
-
21,509


Charge for the year on financed assets
-
683
683



At 31 July 2023

21,509
5,863
27,372



Net book value



At 31 July 2023
86,038
2,734
88,772



At 31 July 2022
-
2,818
2,818


7.


Debtors

2023
2022
£
£


Trade debtors
95,127
88,557

Amounts due from associated company
-
503,901

VAT repayable
17,573
25,139

PAYE repayable
421
-

Prepayments
7,320
6,401

120,441
623,998


Page 9

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
684,832
199,029

684,832
199,029



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
158,028
147,656

Corporation tax payable
3,521
42,823

Other taxation and social security
-
707

Pension payable
205
465

Directors' loan account
806,092
756,484

967,846
948,135





10.


Deferred taxation




2023


£






At beginning of year
(535)


Charged to profit or loss
(148)



At end of year
(683)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(683)
(535)

(683)
(535)

Page 10

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) A Ordinary Shares shares of £1.00 each
50
50
50 (2022 - 50) B Ordinary Shares shares of £1.00 each
50
50

100

100



12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,193 (2022 - £934).


13.


Controlling party

The company was under the control of Mr Yujia Wu (50% share) and Mrs Shushu Diao (50%) by virtue of the fact that between them, they own 100% of issued share capital of the company.

 
Page 11