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REGISTERED NUMBER: 13164220 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VISICAN HOLDINGS LIMITED

VISICAN HOLDINGS LIMITED (REGISTERED NUMBER: 13164220)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

VISICAN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J Bannister
Y Lawrence
A Lett





REGISTERED OFFICE: 115 Phillips Street
Birmingham
West Midlands
B6 4PT





REGISTERED NUMBER: 13164220 (England and Wales)

VISICAN HOLDINGS LIMITED (REGISTERED NUMBER: 13164220)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,664,088 3,450,630

CURRENT ASSETS
Debtors 5 11,183 18,050

CREDITORS
Amounts falling due within one year 6 2,712,571 2,255,980
NET CURRENT LIABILITIES (2,701,388 ) (2,237,930 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

962,700

1,212,700

CREDITORS
Amounts falling due after more than
one year

7

812,500

1,062,500
NET ASSETS 150,200 150,200

CAPITAL AND RESERVES
Called up share capital 800 800
Share premium 149,400 149,400
SHAREHOLDERS' FUNDS 150,200 150,200

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VISICAN HOLDINGS LIMITED (REGISTERED NUMBER: 13164220)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





Y Lawrence - Director


VISICAN HOLDINGS LIMITED (REGISTERED NUMBER: 13164220)

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


1. STATUTORY INFORMATION

Visican Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments
The Company only enters into basic financial instruments 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.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. FIXED ASSET INVESTMENTS
Investment
in
subsidiary
companies
£   
COST
At 1 January 2023 3,450,630
Additions 213,458
At 31 December 2023 3,664,088
NET BOOK VALUE
At 31 December 2023 3,664,088
At 31 December 2022 3,450,630

VISICAN HOLDINGS LIMITED (REGISTERED NUMBER: 13164220)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 11,183 18,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 2,249,113 1,679,660
Other creditors 463,458 576,320
2,712,571 2,255,980

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 812,500 1,062,500

8. SECURED DEBTS

The total other creditors balance of £1,275,958 (2022: £1,638,820) is secured by a fixed and floating charge over the assets and undertaking of the Company. The Company's subsidiaries, Visican Group Limited and Visican Limited, have also provided security via a fixed and floating charge in relation to this liability.