Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31true2022-06-01Carrying out specialist medical practice11falsetrue 08305978 2022-06-01 2023-05-31 08305978 2021-06-01 2022-05-31 08305978 2023-05-31 08305978 2022-05-31 08305978 2021-06-01 08305978 c:PriorPeriodIncreaseDecrease 2021-06-01 2022-05-31 08305978 d:Director1 2022-06-01 2023-05-31 08305978 c:CurrentFinancialInstruments 2023-05-31 08305978 c:CurrentFinancialInstruments 2022-05-31 08305978 c:CurrentFinancialInstruments c:WithinOneYear 2023-05-31 08305978 c:CurrentFinancialInstruments c:WithinOneYear 2022-05-31 08305978 c:ShareCapital 2023-05-31 08305978 c:ShareCapital 2022-05-31 08305978 c:ShareCapital 2021-06-01 08305978 c:RetainedEarningsAccumulatedLosses 2023-05-31 08305978 c:RetainedEarningsAccumulatedLosses 2022-05-31 08305978 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2021-06-01 2022-05-31 08305978 c:RetainedEarningsAccumulatedLosses 2021-06-01 08305978 d:EntityHasNeverTraded 2022-06-01 2023-05-31 08305978 d:FRS102 2022-06-01 2023-05-31 08305978 d:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 08305978 d:FullAccounts 2022-06-01 2023-05-31 08305978 d:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08305978 6 2022-06-01 2023-05-31 08305978 e:PoundSterling 2022-06-01 2023-05-31 08305978 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2021-06-01 2022-05-31 08305978 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2021-06-01 08305978 c:PreviouslyStatedAmount 2021-06-01 iso4217:GBP xbrli:pure

Registered number: 08305978










HEALTHCARE VENTURES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
HEALTHCARE VENTURES LTD
REGISTERED NUMBER: 08305978

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 3 
43,593
43,593

  
43,593
43,593

Current assets
  

Debtors: amounts falling due within one year
 4 
2,248
2,248

Cash at bank and in hand
 5 
1,476
1,476

  
3,724
3,724

Creditors: amounts falling due within one year
 6 
(84,982)
(84,982)

Net current liabilities
  
 
 
(81,258)
 
 
(81,258)

  

Net liabilities
  
(37,665)
(37,665)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(37,765)
(37,765)

  
(37,665)
(37,665)


Page 1

 
HEALTHCARE VENTURES LTD
REGISTERED NUMBER: 08305978
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

For the year ended 31 May 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 by: 




L C Clark
Director

Date: 12 February 2024

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
HEALTHCARE VENTURES LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 June 2021 (as previously stated)
100
(4,858)
(4,758)

Prior year adjustment - correction of error
-
(32,907)
(32,907)


At 1 June 2021 (as restated)
100
(37,765)
(37,665)



At 1 June 2022
100
(37,765)
(37,665)


At 31 May 2023
100
(37,765)
(37,665)


The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
HEALTHCARE VENTURES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


GENERAL INFORMATION

Healthcare Ventures Limited is a private limited company incorporated in the UK  and registered in England and Wales, registration number 08305978. The registered office is 14th Floor, 33 Cavendish Square, London, United Kingdom, W1G 0PW.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

GOING CONCERN

The directors believe that the company has the ability to fulfil its financial obligations for a period of at least twelve months from the date of these financial statements and therefore consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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 4

 
HEALTHCARE VENTURES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 5

 
HEALTHCARE VENTURES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


FIXED ASSET INVESTMENTS





Other fixed asset investments

£



Cost or valuation


At 1 June 2022
43,593



At 31 May 2023
43,593





4.


DEBTORS

2023
2022
£
£


Amounts owed by group undertakings
2,248
2,248



5.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
1,476
1,476



6.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,432
1,432

Amounts owed to group undertakings
79,949
79,949

Other creditors
1,601
1,601

Accruals and deferred income
2,000
2,000

84,982
84,982


Page 6