Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseSpecialists medical practice activities22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09978001 2022-04-01 2023-03-31 09978001 2021-04-01 2022-03-31 09978001 2023-03-31 09978001 2022-03-31 09978001 c:Director1 2022-04-01 2023-03-31 09978001 d:OfficeEquipment 2022-04-01 2023-03-31 09978001 d:OfficeEquipment 2023-03-31 09978001 d:OfficeEquipment 2022-03-31 09978001 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09978001 d:CurrentFinancialInstruments 2023-03-31 09978001 d:CurrentFinancialInstruments 2022-03-31 09978001 d:Non-currentFinancialInstruments 2023-03-31 09978001 d:Non-currentFinancialInstruments 2022-03-31 09978001 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09978001 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09978001 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09978001 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09978001 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 09978001 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 09978001 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09978001 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 09978001 d:ShareCapital 2023-03-31 09978001 d:ShareCapital 2022-03-31 09978001 d:RetainedEarningsAccumulatedLosses 2023-03-31 09978001 d:RetainedEarningsAccumulatedLosses 2022-03-31 09978001 c:OrdinaryShareClass1 2022-04-01 2023-03-31 09978001 c:OrdinaryShareClass1 2023-03-31 09978001 c:OrdinaryShareClass1 2022-03-31 09978001 c:FRS102 2022-04-01 2023-03-31 09978001 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09978001 c:FullAccounts 2022-04-01 2023-03-31 09978001 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09978001 d:OtherGroupMember1 d:SettlementLiabilities 2022-04-01 2023-03-31 09978001 d:OtherGroupMember1 d:SettlementLiabilities 2021-04-01 2022-03-31 09978001 d:OtherGroupMember1 d:SettlementLiabilities 2022-03-31 09978001 d:OtherGroupMember1 d:SettlementLiabilities 2023-03-31 09978001 d:OtherGroupMember2 d:SettlementLiabilities 2022-04-01 2023-03-31 09978001 d:OtherGroupMember2 d:SettlementLiabilities 2021-04-01 2022-03-31 09978001 d:OtherGroupMember2 d:SettlementLiabilities 2022-03-31 09978001 d:OtherGroupMember2 d:SettlementLiabilities 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09978001










HC INTERIM SOLUTIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
HC INTERIM SOLUTIONS LIMITED
REGISTERED NUMBER: 09978001

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,471
5,127

Current assets
  

Debtors: amounts falling due within one year
 5 
702,558
635,936

Cash at bank and in hand
 6 
22,660
31,971

  
725,218
667,907

Creditors: amounts falling due within one year
 7 
(123,870)
(116,531)

Net current assets
  
 
 
601,348
 
 
551,376

Total assets less current liabilities
  
603,819
556,503

Creditors: amounts falling due after more than one year
 8 
(24,946)
(34,837)

  

Net assets
  
578,873
521,666


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
578,773
521,566

  
578,873
521,666


Page 1

 
HC INTERIM SOLUTIONS LIMITED
REGISTERED NUMBER: 09978001
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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: 



Phillip Burns
Director

Date: 10 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HC INTERIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

HC Interim Solutions Limited is a private company limited by shares incorporated in England, United Kingdom. The registered office address is 6th Floor, 2 London Wall Place, London, EC2Y 5AU. The nature of the Company’s operations and principal activities are the provision of medical consultancy services. 

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 Company's functional and presentational currency is GBP, rounded to the nearest £1.

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.

 
2.3

Finance costs

Finance costs are charged to the statement of comprehensive income 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.

 
2.4

Borrowing costs

All borrowing costs are recognised in the statement of comprehensive income in the year in which they are incurred.

Page 3

 
HC INTERIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight line method

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.

 
2.7

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.

 
2.8

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.

 
2.9

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

 
HC INTERIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

 
2.11

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 2 (2022 - 2).

Page 5

 
HC INTERIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
21,250


Additions
459



At 31 March 2023

21,709



Depreciation


At 1 April 2022
16,123


Charge for the year on owned assets
3,115



At 31 March 2023

19,238



Net book value



At 31 March 2023
2,471



At 31 March 2022
5,127

Page 6

 
HC INTERIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
45,664
10,440

Other debtors
655,554
623,876

Prepayments and accrued income
1,340
1,620

702,558
635,936


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
22,660
31,971



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,890
9,646

Trade creditors
-
3,001

Corporation tax
79,755
73,805

Other taxation and social security
30,676
26,530

Accruals and deferred income
3,549
3,549

123,870
116,531



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,946
34,837


Page 7

 
HC INTERIM SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,890
9,646

Amounts falling due 1-2 years

Bank loans
10,140
9,890

Amounts falling due 2-5 years

Bank loans
14,806
24,947


34,836
44,483



10.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



100 (2022 - 100) Ordinary Class 1 shares of £1.00 each
100
100



11.


Related party transactions

During the year, net payments of £15,965 (2022: £34,836) were made on behalf of Happy Couple Properties Limited, a company in which Phillip Burns, a director of this company, is a director. At the year-end, £536,520 (2022: £520,555) was due from Happy Couple Properties Limited. This loan is unsecured, interest-free and repayable on-demand.

During the year, the Company advanced a net amount of £15,482 (2022: £15,999) to Philip Burns, a director of the Company. At the year-end, the Company was owed £118,804 (2022: £103,322) to the director. The loan is unsecured, interest-free and repayable on-demand.

12.


Controlling party

The Company is owned and controlled by the director, Phillip Burns.

 
Page 8