Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31false2023-01-01No description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06149684 2023-01-01 2023-12-31 06149684 2022-01-01 2022-12-31 06149684 2023-12-31 06149684 2022-12-31 06149684 2023-01-01 06149684 c:CompanySecretary1 2023-01-01 2023-12-31 06149684 c:Director2 2023-01-01 2023-12-31 06149684 c:Director3 2023-01-01 2023-12-31 06149684 c:RegisteredOffice 2023-01-01 2023-12-31 06149684 c:Agent1 2023-01-01 2023-12-31 06149684 d:CurrentFinancialInstruments 2023-12-31 06149684 d:CurrentFinancialInstruments 2022-12-31 06149684 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06149684 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06149684 d:ShareCapital 2023-12-31 06149684 d:ShareCapital 2022-12-31 06149684 d:RetainedEarningsAccumulatedLosses 2023-12-31 06149684 d:RetainedEarningsAccumulatedLosses 2022-12-31 06149684 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06149684 c:OrdinaryShareClass1 2023-12-31 06149684 c:OrdinaryShareClass1 2022-12-31 06149684 c:FRS102 2023-01-01 2023-12-31 06149684 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06149684 c:FullAccounts 2023-01-01 2023-12-31 06149684 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 06149684







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


CAREMARK INTERNATIONAL LIMITED






































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CAREMARK INTERNATIONAL LIMITED
 


 
COMPANY INFORMATION


Directors
D J Glover 
L A Fyfe 




Company secretary
L Fyfe



Registered number
06149684



Registered office
C1 Yeoman Gate
Yeoman Way

Worthing

West Sussex

BN13 3QZ




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX




Bankers
HSBC Bank Plc
6 West Street

Horsham

West Sussex

RH12 1PE





 


CAREMARK INTERNATIONAL LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


CAREMARK INTERNATIONAL LIMITED
REGISTERED NUMBER:06149684



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
178,205
178,205

  
178,205
178,205

Current assets
  

Cash at bank and in hand
  
576,818
680,168

  
576,818
680,168

Creditors: amounts falling due within one year
 5 
(61,481)
(348,565)

Net current assets
  
 
 
515,337
 
 
331,603

Total assets less current liabilities
  
693,542
509,808

  

Net assets
  
693,542
509,808


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
693,442
509,708

  
693,542
509,808


Page 1

 


CAREMARK INTERNATIONAL LIMITED
REGISTERED NUMBER:06149684


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 income and retained earnings 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 A Fyfe
Director

Date: 4 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


CAREMARK INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Caremark International Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

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:

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

 


CAREMARK INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

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.

Page 4

 


CAREMARK INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

 
2.6

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2

Page 5

 


CAREMARK INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
178,205



At 31 December 2023
178,205





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
56,659
42,641

Other creditors
2,927
304,324

Accruals and deferred income
1,895
1,600

61,481
348,565



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6