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AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CROS NT LIMITED

CROS NT LIMITED (REGISTERED NUMBER: 08034629)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CROS NT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G Brambilla
B Chambon





REGISTERED OFFICE: Chancellors House
3 Brampton Lane
London
NW4 4AB





REGISTERED NUMBER: 08034629 (England and Wales)





AUDITORS: Somers Baker Prince Kurz LLP
Chancellors House
3 Brampton Lane
Hendon
London
NW4 4AB

CROS NT LIMITED (REGISTERED NUMBER: 08034629)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,411 10,125

CURRENT ASSETS
Debtors 5 2,143,096 2,567,714
Cash at bank and in hand 182,823 328,642
2,325,919 2,896,356
CREDITORS
Amounts falling due within one year 6 3,826,079 4,090,252
NET CURRENT LIABILITIES (1,500,160 ) (1,193,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,498,749

)

(1,183,771

)

PROVISIONS FOR LIABILITIES 352 1,147
NET LIABILITIES (1,499,101 ) (1,184,918 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,499,102 ) (1,184,919 )
(1,499,101 ) (1,184,918 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





B Chambon - Director


CROS NT LIMITED (REGISTERED NUMBER: 08034629)

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

1. STATUTORY INFORMATION

Cros NT 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the time of approving the financial statements, the directors are confident that the company has adequate resources to continue in operational existence for a period of twelve months from the date of approval of the financial statements. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal
does not result in a carrying amount of the financial asset that exceeds


CROS NT LIMITED (REGISTERED NUMBER: 08034629)

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

2. ACCOUNTING POLICIES - continued
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date.

Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Ethical standards
In common with many other businesses of similar size and nature, we use our auditors to prepare and submit returns to the tax authorities and assist in the preparation of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 20 ) .

CROS NT LIMITED (REGISTERED NUMBER: 08034629)

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

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 January 2023 15,820
Additions 2,800
Disposals (16,449 )
At 31 December 2023 2,171
DEPRECIATION
At 1 January 2023 5,695
Charge for year 308
Eliminated on disposal (5,243 )
At 31 December 2023 760
NET BOOK VALUE
At 31 December 2023 1,411
At 31 December 2022 10,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 118,804 147,835
Amounts owed by group undertakings 1,285,999 561,234
Other debtors 7,624 3,488
VAT 15,332 14,875
Prepayments and accrued income 715,337 1,840,282
2,143,096 2,567,714

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 116,480 60,269
Amounts owed to group undertakings 2,936,135 2,419,980
Social security and other taxes 55,455 56,514
Accruals and deferred income 718,009 1,553,489
3,826,079 4,090,252

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Tiano FCA (Senior Statutory Auditor)
for and on behalf of Somers Baker Prince Kurz LLP

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

CROS NT LIMITED (REGISTERED NUMBER: 08034629)

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

9. AUDITOR LIABILITY LIMITATION AGREEMENT

The directors have agreed to a limited liability arrangement with the auditors, the principle terms being that the liability is restricted to ten times the annual audit fee.

10. ULTIMATE CONTROLLING PARTY

The company's parent undertaking is Alira Health Srl, a company registered in Italy. The ultimate parent undertaking is Alira Health Group Holdings LLC, a company registered in USA. Consolidated financial statements are prepared by the ultimate parent undertaking whose registered office is situated at 1 Grant Street, Suite 400, Framingham, Boston, MA 01702, USA.